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Financial Examiners

Financial examiners enforce or ensure compliance with laws and regulations that govern securities and financial institutions as well as real estate and financial transactions. Financial examiners evaluate and verify that records are correct and also establish the authenticity of records. They also examine a company's or an individual's tax return for accuracy and to verify that credits and deductions are legitimate.

Financial examiners employed by private companies examine the company's tax documents prior to filing in order to avoid errors. Some examiners create internal audit procedures and execute internal audits and risk assessments. Some of the common job titles are internal auditor, compliance analyst, compliance officer and compliance specialist.

A financial examiner is sometimes asked to design and manage accounting procedures for automated PC or large computer accounting and auditing systems. Entry-level financial examiners often perform a variety of clerical tasks such as placing tax information into computer databases for processing.

Responsibilities

  • Verify and examine cash reserves, bank owned securities and assigned collateral
  • Offer recommendations for coordinating existing systems with examination procedures
  • Create guidelines for procedures and policies that comply with new and revised regulations
  • Analyze the minutes of meetings of stockholders, directors and committees in order to examine the specific authority extended at the various management levels
  • Ensure legality of transactions and operations and financial solvency
  • Recommend actions in order to ensure compliance with laws and regulations and to protect the solvency of institutions
  • Examine proposed, new and revised laws, policies, regulations and procedures in order to understand their meaning and their impact
  • Analyze a variety of financial activities in order to determine their conformance to regulations, their public interest value and to recommend acceptance or rejection
  • Investigate the activities of institutions in order to enforce laws and regulations
  • Resolve problems regarding the overall financial integrity of banking institutions

Job Characteristics

Financial examiners sometimes are involved in meetings with trustees, bank directors, outside accountants, senior management, counsels and consultants.

Financial examiners need skills in analyzing, investigating and communicating. They should also be detail oriented.

Employment Outlook

The Bureau of Labor Statistics forecasts that the job growth rate for financial examiners will be slower than average, which is primarily due to the streamlining of the Internal Revenue Agency. The job market for tax examiners is somewhat based on the health of the economy, particularly with state and local tax agencies. However, the employment prospects with private companies is likely to improve as businesses seek to avoid external audits and to keep accurate tax records.

The median annual wage in 2008 was $70,930. The median salary for financial examiners varies by employment sector. The top paying industries in descending order are federal executive branch (OES designation), electric power generation, transmission and distribution; investment pools and funds; monetary authorities-Central Bank, and the securities and commodity industry. Those working on the federal level typically make a higher salary than local tax examiners.

Education, Certification, and Licensing

A bachelor's degree in accounting is often required for entry-level financial examiner jobs with private and public organizations. Financial examiners need skills in computer databases and other relevant types of software. Some employers may require credentials such as CPA, CISA and CISSP.

Resources

Major Employers

The major employers for financial examiners are state agencies, the federal government and private corporations. Companies involved with securities and commodity contracts, financial investment activities and deposit credit intermediation are also major employers.

Schools for Financial Examiners are listed in the Browse Schools Section.

Metro Areas Sorted by Total Employment for:
Financial Examiners

Listed below are metro areas sorted by the total number of people employed in Financial Examiners jobs , as of 2015

Source: 2015 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov.

     
Metro Area (Alabama) Total Employment Annual Median Salary
Hoover 680 $57,190
Birmingham 680 $57,190
     
Metro Area (Alaska) Total Employment Annual Median Salary
Anchorage 80 $59,060
     
Metro Area (Arizona) Total Employment Annual Median Salary
Scottsdale N/A $72,190
Mesa N/A $72,190
Phoenix N/A $72,190
     
Metro Area (Arkansas) Total Employment Annual Median Salary
Conway 110 $78,500
North Little Rock 110 $78,500
Little Rock 110 $78,500
     
Metro Area (California) Total Employment Annual Median Salary
Long Beach 1810 $84,370
Los Angeles 1810 $84,370
Anaheim 1810 $84,370
San Francisco 1250 $113,520
Hayward 1250 $113,520
Oakland 1250 $113,520
San Diego 450 $79,900
Carlsbad 450 $79,900
Roseville 330 $78,130
Arden 330 $78,130
Sacramento 330 $78,130
Arcade 330 $78,130
Sunnyvale 140 $87,170
Santa Clara 140 $87,170
San Jose 140 $87,170
Thousand Oaks 60 $71,210
Oxnard 60 $71,210
Ventura 60 $71,210
     
Metro Area (Colorado) Total Employment Annual Median Salary
Lakewood 760 $69,990
Aurora 760 $69,990
Denver 760 $69,990
     
Metro Area (Connecticut) Total Employment Annual Median Salary
Hartford 340 $81,210
East Hartford 340 $81,210
West Hartford 340 $81,210
Stamford 170 $91,870
Bridgeport 170 $91,870
Norwalk 170 $91,870
New Haven 80 N/A
     
Metro Area (Florida) Total Employment Annual Median Salary
Miami 710 $75,300
Fort Lauderdale 710 $75,300
West Palm Beach 710 $75,300
St. Petersburg 700 $69,290
Clearwater 700 $69,290
Tampa 700 $69,290
Jacksonville 410 $61,840
Orlando 280 $57,160
Sanford 280 $57,160
Kissimmee 280 $57,160
Brent 30 $79,510
Pensacola 30 $79,510
Ferry Pass 30 $79,510
     
Metro Area (Georgia) Total Employment Annual Median Salary
Roswell 580 $71,810
Sandy Springs 580 $71,810
Atlanta 580 $71,810
     
Metro Area (Hawaii) Total Employment Annual Median Salary
Urban Honolulu 100 $67,280
     
Metro Area (Idaho) Total Employment Annual Median Salary
Boise City 70 $62,250
     
Metro Area (Illinois) Total Employment Annual Median Salary
Peoria 30 $91,440
     
Metro Area (Indiana) Total Employment Annual Median Salary
Anderson 300 $68,250
Carmel 300 $68,250
Indianapolis 300 $68,250
     
Metro Area (Iowa) Total Employment Annual Median Salary
Cedar Rapids 180 $57,320
     
Metro Area (Kansas) Total Employment Annual Median Salary
Wichita 50 $70,500
     
Metro Area (Kentucky) Total Employment Annual Median Salary
Fayette 60 $75,810
Lexington 60 $75,810
Fort Knox 40 $79,150
Elizabethtown 40 $79,150
     
Metro Area (Louisiana) Total Employment Annual Median Salary
Metairie 140 $64,020
New Orleans 140 $64,020
Baton Rouge 70 $64,660
     
Metro Area (Maine) Total Employment Annual Median Salary
South Portland 60 $71,390
Portland 60 $71,390
     
Metro Area (Maryland) Total Employment Annual Median Salary
Towson 260 $67,440
Columbia 260 $67,440
Baltimore 260 $67,440
     
Metro Area (Michigan) Total Employment Annual Median Salary
Dearborn 320 $62,950
Detroit 320 $62,950
Warren 320 $62,950
Grand Rapids 50 $79,710
Wyoming 50 $79,710
East Lansing 40 $60,960
Lansing 40 $60,960
     
Metro Area (Minnesota) Total Employment Annual Median Salary
St. Cloud 50 $37,180
     
Metro Area (Mississippi) Total Employment Annual Median Salary
Jackson 100 $72,850
     
Metro Area (Missouri) Total Employment Annual Median Salary
Jefferson City 80 $64,190
Springfield 60 $72,060
     
Metro Area (Montana) Total Employment Annual Median Salary
Billings 40 $69,540
     
Metro Area (Nebraska) Total Employment Annual Median Salary
Grand Island 40 $70,040
     
Metro Area (Nevada) Total Employment Annual Median Salary
Paradise 160 $68,900
Henderson 160 $68,900
Las Vegas 160 $68,900
     
Metro Area (New Jersey) Total Employment Annual Median Salary
Trenton 180 $94,060
     
Metro Area (New Mexico) Total Employment Annual Median Salary
Albuquerque 80 $57,180
     
Metro Area (New York) Total Employment Annual Median Salary
Albany 120 $83,210
Troy 120 $83,210
Schenectady 120 $83,210
Syracuse 80 $84,080
Rochester N/A $55,190
     
Metro Area (North Carolina) Total Employment Annual Median Salary
Raleigh 180 $69,900
Salem 80 $92,210
Winston 80 $92,210
Greensboro 60 $48,800
High Point 60 $48,800
     
Metro Area (Ohio) Total Employment Annual Median Salary
Cleveland 690 $59,340
Elyria 690 $59,340
Akron 150 $129,480
Dayton 90 N/A
Columbus N/A $63,450
     
Metro Area (Oklahoma) Total Employment Annual Median Salary
Oklahoma City 170 $80,400
Tulsa 70 $65,440
     
Metro Area (Oregon) Total Employment Annual Median Salary
Salem 60 $67,150
     
Metro Area (Pennsylvania) Total Employment Annual Median Salary
Pittsburgh 510 $82,600
Harrisburg 110 $63,230
Carlisle 110 $63,230
Hazleton 100 $76,460
Barre 100 $76,460
Scranton 100 $76,460
Wilkes 100 $76,460
     
Metro Area (Puerto Rico) Total Employment Annual Median Salary
Caguas 500 $32,340
Carolina 500 $32,340
San Juan 500 $32,340
     
Metro Area (South Carolina) Total Employment Annual Median Salary
Columbia 100 $58,990
Greenville 60 $67,880
Mauldin 60 $67,880
Anderson 60 $67,880
Spartanburg 50 $44,640
     
Metro Area (South Dakota) Total Employment Annual Median Salary
Sioux Falls 150 N/A
     
Metro Area (Tennessee) Total Employment Annual Median Salary
Franklin 230 $82,460
Murfreesboro 230 $82,460
Davidson 230 $82,460
Nashville 230 $82,460
Knoxville 70 $73,880
     
Metro Area (Texas) Total Employment Annual Median Salary
Arlington 1330 $81,080
Fort Worth 1330 $81,080
Dallas 1330 $81,080
The Woodlands 470 $73,480
Houston 470 $73,480
Sugar Land 470 $73,480
Austin 360 $73,890
Round Rock 360 $73,890
Lubbock 50 $83,160
New Braunfels N/A $72,570
San Antonio N/A $72,570
     
Metro Area (Utah) Total Employment Annual Median Salary
Salt Lake City 400 $70,790
Orem 30 $36,070
Provo 30 $36,070
     
Metro Area (Virginia) Total Employment Annual Median Salary
Richmond 650 $75,440
Roanoke 40 $97,890
     
Metro Area (Washington) Total Employment Annual Median Salary
Bellevue 270 $85,850
Tacoma 270 $85,850
Seattle 270 $85,850
     
Metro Area (West Virginia) Total Employment Annual Median Salary
Charleston 40 $71,680
     
Metro Area (Wisconsin) Total Employment Annual Median Salary
Madison 200 $68,020
West Allis N/A $71,970
Waukesha N/A $71,970
Milwaukee N/A $71,970
Green Bay N/A $79,080

Most Popular Industries for :
Financial Examiners

Industries representing at least 1% of total jobs for the occupation.

Source: 2015 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov.

Industry Jobs Percent Annual Median Salary
Government 9,660 37% $76,420
Banking And Credit 5,210 20% $59,490
Securities And Investment 4,300 16% $75,480
Business Management 1,690 6% $76,690
Insurance 1,490 5% $64,450
Central Bank 1,200 4% $84,850
Professional And Technical Services 1,150 4% $48,630
Non-profit 280 1% $74,870
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CityTownInfo Career and College Resources

We have some additional detailed pages at the state level for Financial Examiners.

Numbers in parentheses are counts of relevant campus-based schools in the state; online schools may also be available.

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