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Indiana Department of Financial Institutions

DFI > Employment > Examiner IV Description - Bank & Credit Union Examiner IV Description - Bank & Credit Union

Duties:

The incumbent at the entry level travels throughout the State in a training capacity to examine for the proper solvent operation of one of the following types of financial institutions: Bank and Trust Companies, Savings and Loan Associations, Credit Unions, or Consumer Credit. Receives on-the-job training in the performance of the following duties:
  • assists in evaluating financial institution management and quality of loans and securities by reviewing records and consulting with management;
  • writes summary report on findings, meets with officers to discuss findings;
  • assists in developing ways to bring the organization into full compliance with laws and regulations, and recommends action to protect solvency and investments;
  • occasionally serves as team leader for a team of examiners assigned to small institutions and assigns team members their specific areas of responsibility;
  • assists in reviewing CPA audits and surety bond coverage;
  • performs related work as required.

I. Job Requirements

  • specialized knowledge of accounting;
  • basic knowledge of laws, regulations, precedents, accepted operating procedures and bookkeeping methods pertaining to financial institutions, and of court decisions pertainingto their area of specialization;
  • general knowledge of all laws pertaining to financial institutions;
  • general knowledge of new developments in the industry and the ability to adapt work procedure accordingly;
  • ability to gain cooperation of financial institution officials and directors;
  • ability to make oral and written reports clearly, concisely and effectively;
  • proficiency with a personal computer;
  • desktop applications.

II. Difficulty of Work

Must perform work in compliance with State and Federal laws and Department rules and regulations; and be able to interpret these in answering numerous technical and moderately complex questions that may arise in the course of examining financial institutions. The work involves the analysis of several significant variables such as assets, liabilities, management, capital structures and conflicts of State and Federal laws, and the incumbent must demonstrate sound judgement in solving complex and unusual problems.

III. Responsibilty

Institutions’ assignments are made by the field supervisor with the responsibility of making job assignments delegated to the examiner-in-charge of the examination. Review of work is done upon completion of the assigned tasks. Incumbent works under relatively general supervision with minor deviations from established practices and procedures discussed on a discretionary basis. When assigned, the incumbent has primary responsibility for the final report on the examination, for negotiating a settlement of existing problems, or for the requesting administrative or judicial actions on unresolved problems.

IV. Personal Work Relationships

Primary contacts are with officers, directors and chief fiscal personnel of financial institutions. Work is done concurrently with Federal agency personnel on a scheduled basis. The purpose of these relationships is to enforce State and Federal regulatory statues, administrative rulings, and court decisions relating to the proper solvent operation on the financial institutions.

The position may require relocation to the area in the state in which there are vacancies. These positions require significant overnight travel during the week. Weekend travel generally limited to infrequent training opportunities.

V. Personal Relationships

Applicants must have a minimum educational level of a Bachelors degree in Business Administration, Economics, Finance, Accounting or a related area. In lieu of the higher educational requirement, experience in a responsible position within the financial industry may be substituted on a year for year basis up to four years.
  • Ability to type completed reports for submission to the Department;
  • Ability to obtain a driver’s license;
  • Ability to obtain personal transportation;
  • Ability to travel within the State of Indiana.
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