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FINANCIAL EXAMINER SPECIALIST

Date:  Apr 6, 2021
Req ID:  5957
Location: 

Little Rock, AR, US, 72202

Category:  STATE INSURANCE DEPARTMENT
Anticipated Starting Salary:  56038.94

Position Number: 2208-8193 
County: Pulaski 
Posting End Date: 04/23/2021 

Anticipated Starting Salary:  $56,038.94

Finance Division  

The mission of the Department of Commerce is to champion economic opportunities through strategic initiatives and an equitable regulatory environment that attracts and grows businesses, safeguards consumers, enhances workforce quality, and energizes our infrastructure, creating a better quality of life for all Arkansans.

Position Information

Class Code: A118C

Grade: GS10

FLSA Status: EXEMPT

Salary Range: $56,039.00 - $81,257.00

Summary

The Financial Examiner Specialist is responsible for assisting in complex examination processes to ensure compliance with laws and regulations governing financial and securities institutions. This position is governed by the Arkansas Insurance Code, the guidelines of the National Association of Insurance Commissioners, state and federal law, and agency/institution policy.

Functions

Investigates and examines activities of institutions to enforce laws and regulations and ensure legality of transactions and operations or financial solvency. Reviews and analyzes new, proposed, or revised laws, regulations, policies, and procedures in order to secure correct interpretation and intent of language and subsequent impact on examination processes. Examines the minutes of meetings of various business entities in order to investigate specific authority extended at various levels of management. Prepares reports, exhibits, and other supporting schedules detailing an institution's safety and soundness, compliance with laws and regulations, and recommends solutions to questionable financial conditions. Reviews balance sheets, operating income, expense accounts, and loan documentation to confirm institutional assets and liabilities. Reviews audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines. Performs other duties as assigned.

Dimensions

Some in and/or out-of-state travel may be required.

Knowledge, Skills and Abilities

Knowledge of the principles of regulatory accounting procedures. Knowledge of manual and automated accounting systems and procedures. Knowledge of Generally Accepted Accounting Practices and Principles (GAAP). Knowledge of financial examination procedures. Ability to interpret and apply rules, laws, and policies to specific situations. Ability to interpret and analyze automated accounting transactions. Ability to communicate orally and in writing. Ability to use standard office equipment and computer software programs to produce reports and correspondence.

Minimum Qualifications

The formal education equivalent of a bachelors degree in accounting, finance, or a related field; plus three years of experience in financial examination or related area. Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management. OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.

Licenses

Candidates must possess and maintain a Certified Public Accountant (CPA) designation. Successful candidates must complete necessary course work offered by the Society of Financial Examiners (SOFE) and attain Accredited Financial Examiner certification wi

The State of Arkansas is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, pregnancy, age, disability, citizenship, national origin, genetic information, military or veteran status, or any other status or characteristic protected by law.


Nearest Major Market: Little Rock