STATE CLASSIFICATION JOB DESCRIPTION


Salary Group B23

Class No. 1106

FINANCIAL EXAMINER IV

GENERAL DESCRIPTION

Performs 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. May train others. Works under general supervision, with moderate latitude for the use of initiative and independent judgment.

EXAMPLES OF WORK PERFORMED

Coordinates and/or conducts independent financial examinations or investigations, and/or oversees a specific function of a large examination or investigation.

Analyzes issues and develops action plans to complete financial examinations or investigations.

Communicates with industry employees regarding requirements, results of examinations, solvency reviews, or rehabilitation efforts.

Conducts statistical sampling of records.

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.

Plans and coordinates rehabilitation efforts of troubled organizations and determines regulatory compliance relative to business operations.

Prepares and submits documentation and work papers to support findings, and maintains files and databases for reports.

Prepares correspondence and examination reports.

Verifies the accuracy of records, work papers, and related financial statements; determines proper documentation and adequate procedures; and detects and records variances.

May conduct special investigations.

May monitor the achievement of goals and objectives.

May train others.

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 insurance, finance, accounting, or a related field is generally preferred. Experience and education may be substituted for one another.

Knowledge, Skills, and Abilities

Knowledge of statistical analysis and techniques; 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 controls, 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; to communicate effectively; and to train others.

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

Revised 9-1-17