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Financial Examiner 4: Depository Division

Date Posted:  Sep 1, 2022
Requisition ID:  376263

Indianapolis, IN, US, 46204


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.


Next Level benefits at the State of Indiana are here! Be sure to review our expanded benefit package offerings below.



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 – Depository role:

The Financial Examiner - Depository for the Indiana Department of Financial Institutions will be in an entry level position and travel (including some overnight travel) State of Indiana. The position will assist in examining the safety and soundness of financial institutions, including assessing financial performance, inherent risk levels, and risk management practices in certain examination functions. The position will initially work in a mentee capacity while training and assisting on examination process, and throughout the course of the position work to perform examination functions independently with the goal of serving as Examiner-in-Charge. The position will assist and conduct important examination functions performed to assess the overall risk profile of financial institutions.


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

  • Perform various examination related duties including analyzing capital adequacy, profitability, liquidity, audit activities, and balance sheet in light of current levels, trends, and future prospects at financial institutions of various size and complexity.
  • Determine the adequacy of, and identify, risk inherent in internal controls, policies, practices, and management information systems of low-to-moderately complex institutions.  
  • Participate in meetings with financial institutions executive management and lead discussions on areas reviewed.
  • Draft comments for the Report of Examination, with a decreasing level of oversight.
  • Draft workpapers consistent with division standards and provide timely information according to established policies and procedures to their supervisor and mentor regarding training needs and assessment.


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 quality. 
    • 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) as well as vision and dental plans
  • Wellness program (offers premium discount for the medical plan and gift cards)
  • Health savings account, which includes bi-weekly state contribution
  • Flexible work scheduling options, including the potential for hybrid remote work for employees whose work may be performed outside state facilities
  • Deferred compensation 457B account (similar to 401k plan) with employer match
  • Two (2) fully-funded pension plan options
  • A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
    • 150 hours of paid new parent leave
    • Up to 15 hours of paid community service leave
  • Combined 180 hours of paid vacation, personal, and sick leave time off
  • 12 paid holidays, 14 on election years
  • Education Reimbursement Program
  • Group life insurance
  • Referral Bonus program
  • Employee assistance program that allows for covered behavioral health visits
  • Qualified employer for the Public Service Loan Forgiveness Program
  • Free Parking for most positions
  • Free LinkedIn Learning access


Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer.


Current Employee? Click here to apply.

Nearest Major Market: Indianapolis