Financial Institution Examiner 9-12

Job Description

The Department of Insurance and Financial Services (DIFS) is seeking an individual to work as a Financial Institutions Examiner, where they will have the opportunity to build lifelong careers doing work that truly matters - protecting consumers and maintaining sound businesses in the areas of:

Ideal candidates will have:

The ideal candidate will assess the regulated entities' compliance with state regulations and statutory accounting.

DIFS is looking for team members who have an interest in helping others, who want to learn and grow as professionals, and who want to enjoy all the exciting things that life in Michigan has to offer. Personnel in these positions routinely advance to higher pay, as well as become eligible for management opportunities. These positions provide competitive pay, retirement, health, vision and dental benefits.

Work Location: This is an in-person position based in Lansing, Michigan, with the possibility for a hybrid work schedule where you would work from home up to two days per week, following a training period and if approved.

For more information about this posting, click here or here (Download PDF reader)

Please attach a cover letter, resume, and copy of official transcripts. Additionally, please provide a two-page business writing sample addressing some aspect of the importance of insurance in our society. Failure to attach the requested documents may result in your application being screened out.

 

Required Education and Experience

Education 

Possession of a bachelor's degree with a business major including completion of a business core curriculum consisting of one course each in finance, law, and management, one course in either marketing or economics, and 6 semester (9 term) credits in accounting.

 

 

 No specific type or amount is required.

 

 

One year of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner 9.

 

 

Two years of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner, including one year equivalent to a Financial Institution Examiner 10.

 

 

Three years of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner, including one year equivalent to a Financial Institution Examiner P11.

Alternate Education and Experience

Possession of a bachelor's degree in any major

 

AND

 

Two years of an equivalent type of professional financial institution or insurance industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions. 

 

 

Possession of a bachelor's degree in any major

 

AND

 

One year of professional experience as a financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies;

 

OR

 

Three years of an equivalent type of professional financial institution industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions. 

 

 

Possession of a bachelor's degree in any major

 

AND

 

Two years of experience as a professional financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies;

 

OR

 

Four years of an equivalent type of professional financial institution industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions.

 

 

Possession of a bachelor's degree in any major

 

AND

 

Three years of experience as a professional financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies;

 

OR

 

Five years of an equivalent type of professional financial institution industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions.

Additional Requirements and Information

View the entire job specification at:

http://www.michigan.gov/documents/FinancialInstitutionsExaminer_12657_7.pdf (Download PDF reader)