Financial Examiners

Career, Salary and Education Information

What They Do: Financial examiners ensure compliance with laws governing financial institutions and transactions.

Work Environment: Most financial examiners work for the finance and insurance industry, the federal government, or state governments. Most financial examiners work full time.

How to Become One: Financial examiners typically need a bachelor’s degree that includes some coursework in accounting. Entry-level examiners are trained on the job by senior examiners.

Salary: The median annual wage for financial examiners is $80,180.

Job Outlook: Employment of financial examiners is projected to grow 7 percent over the next ten years, faster than the average for all occupations. Financial examiners will be in demand as financial institutions seek help with federal regulatory compliance.

Related Careers: Compare the job duties, education, job growth, and pay of financial examiners with similar occupations.

Following is everything you need to know about a career as a financial examiner with lots of details. As a first step, take a look at some of the following jobs, which are real jobs with real employers. You will be able to see the very real job career requirements for employers who are actively hiring. The link will open in a new tab so that you can come back to this page to continue reading about the career:

Top 3 Financial Examiner Jobs

  • Collateral Field Examiner - Ovation Partners - Austin, TX

    Collateral Field Examiner Position City: Austin, TX Job Status: Full-time Estimated Travel: 40% Job ... This position will have solid line reporting to the Chief Financial Officer with a dotted line to ...

  • Claims Examiner I - CHRISTUS Health - Irving, TX

    Description The Claims Examiner is responsible for processing UB and CMS 1500 claims, performing ... Maintain statistical accuracy of 97%, and financial accuracy of 98% * Correct DoD error report as ...

  • Internal Auditor - Ovation Financial Services, LP - San Antonio, TX

    Bachelor's degree in Accounting or Finance * Minimum of three (3) years of experience as a secured credit field examiner and/or (3) years of public accounting audit experience * Prior work experience ...

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What Financial Examiners Do[About this section] [To Top]

Financial examiners ensure compliance with laws governing financial institutions and transactions. They review balance sheets, evaluate the risk level of loans, and assess bank management.

Duties of Financial Examiners

Financial examiners typically do the following:

  • Monitor the financial condition of banks and other financial institutions
  • Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities
  • Prepare reports that detail an institution's safety and soundness
  • Examine the minutes of meetings of managers and directors
  • Train other examiners in the financial examination process
  • Review and analyze new regulations and policies to determine their impact on the organization
  • Establish guidelines for procedures and policies that comply with new and revised regulations

Financial examiners typically work in one of two main areas: risk assessment or consumer compliance.

Those working in risk assessment evaluate the health of financial institutions. Their role is to ensure that banks and other financial institutions offer safe loans and that they have enough cash on hand to manage unexpected losses. These procedures help ensure that the financial system as a whole remains stable. These examiners also evaluate the performance of bank managers.

Financial examiners working in consumer compliance monitor lending activity to ensure that borrowers are treated fairly. They ensure that banks extend loans that borrowers are likely to be able to pay back. They help borrowers avoid "predatory loans"—loans that may generate profit for banks through high interest payments but may be costly to borrowers and damage their credit scores. Examiners also ensure that banks do not discriminate against borrowers based on race, ethnicity, or other characteristics.

Work Environment for Financial Examiners[About this section] [To Top]

Financial examiners hold about 60,900 jobs. The largest employers of financial examiners are as follows:

Credit intermediation and related activities 41%
Securities, commodity contracts, and other financial investments and related activities 14%
Federal government 11%
Management of companies and enterprises 10%
State government, excluding education and hospitals 8%

Financial examiners typically work in offices. They frequently have to travel to inspect a bank onsite.

Financial Examiner Work Schedules

Most financial examiners work full time.

How to Become a Financial Examiner[About this section] [To Top]

Get the education you need: Find schools for Financial Examiners near you!

Financial examiners typically need a bachelor's degree that includes some coursework in accounting. Entry-level examiners are trained on the job by senior examiners.

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Education for Financial Examiners

Financial examiners typically need a bachelor's degree. Although a specific major is usually not required, examiners generally need some coursework in accounting, finance, economics, or a related field. Examiners working for the Federal Deposit Insurance Corporation (FDIC) typically must have at least 6 semester hours in accounting.

Financial Examiner Training

Once hired, financial examiners receive on-the-job training. Entry-level workers begin under the supervision of senior examiners, as they learn their job duties. The length of this training varies, but typically lasts over 1 year.

Advancement for Financial Examiners

After a few years of experience, financial examiners can advance to a senior examiner position. Senior examiners handle more complex cases, and can lead and direct examination teams. Requirements for these positions vary by employer but often a master's degree in either accounting or business administration, or becoming a Certified Public Accountant (CPA), makes jobseekers more competitive.

Important Qualities for Financial Examiners

Analytical skills. Financial examiners need strong analytical skills to evaluate how well the managers of financial institutions are handling risk and whether the individual loans the institution makes are safe.

Detail oriented. Financial examiners must pay close attention to details when reviewing balance sheets in order to identify risky assets.

Math skills. Financial examiners need good math skills to monitor balance sheets and see if the bank's or other financial institution's available cash is dangerously low.

Writing skills. Financial examiners regularly write reports on the safety and soundness of financial institutions. They must be able to explain technical information clearly.

Financial Examiner Salaries[About this section] [More salary/earnings info] [To Top]

The median annual wage for financial examiners is $80,180. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $42,150, and the highest 10 percent earned more than $154,590.

The median annual wages for financial examiners in the top industries in which they work are as follows:

Federal government $122,010
Securities, commodity contracts, and other financial investments and related activities $89,740
Management of companies and enterprises $85,440
State government, excluding education and hospitals $72,920
Credit intermediation and related activities $70,800

Most financial examiners work full time.

Job Outlook for Financial Examiners[About this section] [To Top]

Employment of financial examiners is projected to grow 7 percent over the next ten years, faster than the average for all occupations. Employment growth for financial examiners will vary by industry group. Financial examiners will be in demand as financial institutions seek help with federal regulatory compliance.

Demand for these workers has risen in the financial industry because of the need for financial institutions to effectively comply with federal regulation. More financial institutions are hiring financial examiners to help navigate the regulatory environment and reduce the cost of compliance. Financial examiners' employment is projected to grow 11 percent over the next ten years in the finance and insurance industry.

At the federal level, the creation of the Consumer Financial Protection Bureau (CFPB) has increased employment of financial examiners in recent years. However, changes to this agency and overall budget constraints in the federal government may limit employment growth. Employment of financial examiners in the federal government is projected to show little or no change over the next ten years.

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Job Prospects for Financial Examiners

Financial examiners should face competition for jobs. Those with previous work experience in banking, insurance, or accounting, for example having worked as accountants and auditors or financial analysts, should have the best prospects.

Employment projections data for Financial Examiners, 2018-28
Occupational Title Employment, 2018 Projected Employment, 2028 Change, 2018-28
Percent Numeric
Financial examiners 60,900 65,200 7 4,300


*Some content used by permission of the Bureau of Labor Statistics, U.S. Department of Labor.

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