STATE CLASSIFICATION JOB DESCRIPTION
Salary Group B21
Class No. 1104
FINANCIAL EXAMINER III
Performs moderately complex (journey-level) financial examination work. Work involves reviewing, testing, and evaluating fiscal, corporate, and operational records, and conducting examinations to determine and report on financial conditions and compliance with statutory requirements, bylaws, and rules. Works under general supervision, with limited latitude for the use of initiative and independent judgment.
EXAMPLES OF WORK PERFORMED
Conducts independent financial examinations.
Analyzes issues and develops action plans to complete financial examinations or investigations.
Communicates with industry employees regarding requirements and results of examinations.
Evaluates recorded assets, liabilities, surpluses, and capital for compliance with statutes, rules, and regulations.
Examines records to verify assets and liabilities, operating trends, and affiliated business transactions to determine solvency and regulatory compliance.
Identifies areas of progress, improvement, or concern; makes recommendations; and assists in resolving problems.
Prepares and submits documentation and work papers to support findings, and maintains files and databases for reports.
Prepares correspondence and examination reports.
Tests investments against standard references and calculates investment income.
Verifies the accuracy of records, work papers, and related financial statements; determines proper documentation and adequate procedures; and detects and records variances.
May conduct statistical sampling of records.
May plan and coordinate rehabilitation efforts of troubled organizations and determine regulatory compliance relative to business operations.
Performs related work as assigned.
GENERAL QUALIFICATION GUIDELINES
Experience and Education
Experience in financial examination work. Graduation from an accredited four-year college or university with major coursework in business administration, finance, accounting, economics, insurance, or a related field is generally preferred. Experience and education may be substituted for one another.
Knowledge, Skills, and Abilities
Knowledge of auditing and accounting standards and techniques; of both statutory accounting principles (SAP) and generally accepted accounting principles (GAAP); of financial and industry terminology and practices; and of corporate structures, business operating procedures, management control, and internal reporting techniques.
Skill in the use of computer systems and associated applications.
Ability to audit financial statements, reports, records, budgets, operational procedures, and forms; to coordinate projects for timely completion; to conduct investigations; to prepare concise reports and correspondence; to apply relevant rules, regulations, and statutes; and to communicate effectively.
Registration, Certification, or Licensure
May require certification as an Accredited Financial Examiner (AFE), Certified Financial Examiner (CFE), Certified Insurance Examiner (CIE), or Certified Public Accountant (CPA).
May be required to comply with the bond-related provisions of Texas Insurance Code, Section 401.106, and take the oath required by Texas Insurance Code, Section 401.105.
State Auditor’s Office