STATE CLASSIFICATION JOB DESCRIPTION


Salary Group B27

Class No. 1110

FINANCIAL EXAMINER VI

GENERAL DESCRIPTION

Performs advanced and/or managerial (senior-level) financial examination work. Work involves overseeing the review and evaluation of fiscal, corporate, and operational records to determine financial condition, level of internal control, and compliance with statutory requirements. May assign and/or supervise the work of others. Works under minimal supervision, with considerable latitude for the use of initiative and independent judgment.

EXAMPLES OF WORK PERFORMED

Oversees the examination of records to verify assets and liabilities, operating trends, and affiliated business transactions to determine solvency and regulatory compliance.

Oversees and/or conducts statistical sampling of records, and prepares documentation and work papers to support findings.

Oversees and/or conducts special investigations.

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

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

Confers with organizational management to resolve problems and deviations from required and permissible standards and procedures.

Coordinates or conducts independent examinations or investigations of organizations, including those that involve controversial regulatory matters.

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 reports of financial examinations that include evaluations and recommendations for regulatory or judicial actions as required.

Testifies in hearings and court proceedings as an expert witness in matters involving examinations performed.

Provides guidance to less experienced financial examiners and assists management in meeting training objects for staff.

May review and revise agency policies.

May oversee and/or conduct special investigations.

May assign and/or supervise the work of others.

Performs related work as assigned.

GENERAL QUALIFICATION GUIDELINES

Experience and Education

Experience in financial examination, accounting, or auditing work. Graduation from an accredited four-year college or university with major coursework in accounting, finance, insurance, or a related field is generally preferred. Education and experience 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 operation of computer systems and associated applications.

Ability to audit financial statements, reports, records, budgets, operational procedures, and forms; to manage 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 assign and/or supervise the work of 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