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Financial Examiner 4: Consumer Credit (Monroe County)

Date Posted:  Sep 1, 2022
Requisition ID:  376261

Bloomington, IN, US, 47401


Work for Indiana

Grow your career with the State of Indiana! With more than 50 executive branch agencies, the State of Indiana is a diverse workforce offering employees stimulating and challenging projects across a broad scope of career opportunities. As a State of Indiana employee, you impact the well-being of Indiana’s communities every day.


At the State of Indiana, we don’t just talk about diversity and inclusion – Our goal is to create a welcoming, accessible, and equitable workplace, with a workforce that is representative of the State of Indiana population. As a proud equal opportunity employer, reasonable accommodations may be available to enable individuals with disabilities to interview and to perform the essential functions of a role.


About The Department of Financial Institutions:

The Indiana Department of Financial Institutions (DFI) works to promote the growth and prosperity of local Indiana communities through effective and common-sense regulation.

The DFI is seeking qualified candidate(s) to work in a dynamic and high-performing environment, with a well-identified career path and significant opportunities to progress throughout the organization.



This position traditionally starts at an annual salary of $46,332 but industry-related experience and/or advanced degrees can provide for additional salary discussion.


About this Financial Examiner – Consumer Credit role:

The Financial Examiner – Consumer Credit for the Indiana Department of Financial Institutions will be in an entry-level position and travel within a specified region of the State. The position will be in training to learn how to conduct examinations for compliance with state consumer lending and applicable federal regulations in the following types of institutions: State Chartered Depository Institutions, Licensed Lenders, Non-Lenders (such as car dealerships and other sellers of retail goods that offer financing), Rental Purchase Entities, Pawnbrokers, Debt Management Companies, Mortgage Lenders, Check Cashing, and Money Transmitter Licensees. The position’s initial training will focus on non-Lender examinations, and as the examiner role progresses, additional training will be provided.


As a Financial Examiner in the Consumer Credit Division, your day-to-day responsibilities will be but not limited to as follows:

  • Perform various examination duties related to regulatory compliance for the following types of entities:  State Chartered Depository Institutions, Licensed Lenders, Non-Lenders, Rental Purchase Entities, Pawnbrokers, Debt Management Companies, Mortgage Lenders, Check Cashing Companies, and Money Transmitter Licensees.
  • Assist in evaluating the degree of compliance with governing statutes and regulations.
  • Prepare an examination report of findings and will meet with officers and managers of the regulated entities to discuss examination findings. 
  • Assist in developing ways to bring the organization into full compliance with laws and regulation and will recommend procedures necessary to maintain compliance.
  • Serve as Examiner-In-Charge on various examinations of companies with a low degree of complexity.


Successful candidates will be located in Monroe County or a directly adjacent county.

About the Job:

The Financial Examiner serves as an entry-level examiner in the Department of Financial Institutions.  This individual works individual and collectively performing and assisting in a variety of accounting related tasks to determine a financial institution’s solvency and compliance with state laws and regulations.

A Day in the Life:

The essential functions of this role are as follows:

  • Analyzes institution’s balance sheet, income statement and investment portfolio.
  • Reviews institution’s liquidity and interest rate sensitivity.
  • Calculates key ratios and percentages.
  • Reviews disclosures for accuracy and completeness.
  • Examines paid out accounts to determine assessment of interest and accuracy of rebates and refunds.
  • Determines that credit insurance charges are properly imposed and all death claims are properly settled.
  • Prepares and computerizes various reports including compliance reports.

The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time.

What You'll Need for Success:

  • Bachelor's Degree in Accounting or related area  
    • Substitution: A non-Accounting Bachelor’s Degree will need a successful completion of agency required accounting examination to qualify. 
    • Substitution: Academic training plus comparable work experience may substitute for a bachelor’s degree where appropriate.
  • Specialized knowledge of, and ability to conduct and prepare, examination reports.
  • Working knowledge of principles and theories related to accounting and banking, bank holding companies and bank branching.
  • Ability to understand and interpret state laws and regulations concerning financial institutions such as the Indiana Uniform Consumer Credit Code and Title 28.
  • Ability to analyze and interpret data and records.
  • Working knowledge of computers and software programs.
  • Working knowledge of agency objectives and policies.
  • Ability to communicate effectively, both orally and in writing.
  • Ability to prepare accurate and concise written summary reports of findings.
  • Ability to exercise both tact and persuasion in dealing with institution managers and staff.


Benefits of Employment with the State of Indiana:

The State of Indiana offers a comprehensive benefit package for full-time employees which includes: 

  • Three (3) medical plan options (including RX coverage) and vision/dental coverages 
  • Wellness program (offers premium discount for the medical plan and gift cards) 
  • Health savings account (includes bi-weekly state contribution) 
  • Deferred compensation account (similar to 401k plan) with employer match 
  • Two (2) fully-funded pension plan options 
  • Group life insurance 
  • Employee assistance program that allows for covered behavioral health visits 
  • Paid vacation, personal and sick time off 
  • Competitive leave policies covering a variety of employee needs 
  • 12 company paid holidays, 14 on election years 
  • Qualified employer for the Public Service Loan Forgiveness Program 
  • New Parent Leave 
  • Free Parking 
  • Free LinkedIn Learning 


Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer.


Current Employee? Click here to apply.

Nearest Major Market: Bloomington Indiana