FINANCIAL EXAMINER TRAINEE

Code: 54860 State Non-Competitive Range: P95 (FY 2027) Work week NE: FLSA coveredOvertime table (4A:3, Appx. A)

Salary: $58,222.22 - $60,876.32/year FY 2027 schedule (last updated 2026-07-27)

Official job specification

The text below is the official specification published by the New Jersey Civil Service Commission. The plain-language summary and analysis above are derived from it by NJ Civil Service Navigator. Source: the official specification page at NJ CSC.

Definition

Under the direction of Financial Examiner 1 or other supervisor in the Department of Banking and Insurance, learns to conduct routine depository institution and licensee examinations; does other related duties.

Examples of work

• Learns to evaluate a regulated entity's policies and procedures and record of lending, investments and other financial services to ensure compliance with the laws and regulations relating to licensure requirements, advertising and disclosure requirements, permissible fees and charges, fair lending, predatory practices, privacy requirements and the Bank Secrecy Act.
• Contacts officers, employees and other representatives of licensees and depository institutions, coworkers, representatives of other agencies, and the public to obtain information, explain laws, regulations, and issues related to licensees and depository institutions, resolve deficiencies, and attempt to secure agreements.
• Learns to assess the financial entity's compliance with regulatory guidance for external audit and statutory Directors Examination to ensure compliance with law and the implementation of recommendations.
• Reviews and evaluates the adequacy of the organization's procedures and Internal Routine and Control program, and identifies and records weaknesses and determines severity of weaknesses and recommends corrective action; discusses findings with management.
• Learns to perform the duties of an Operations Manager/Report Person on an examination in accordance with field office practices.
• Applies Risk Focused Examination Procedures.
• Verifies that journal entries are appropriate and that financial statements are accurate using an organization's financial records.
• Reviews and determines the accuracy of the financial reports which include Reports of Condition and Income filed pursuant to Call Report instructions, Financial Performance Reports (5500) and Annual Reports filed with the Department.
• Learns to assess the reasonableness of the income tax and deferred tax assets in accordance with Call Report instructions.
• Prepares a Comparative Statement of Financial Condition and Income Statement for the bank only, holding company and the consolidated entity in accordance with Financial Accounting Standards Board Statements, Call Report instructions and Report of Examination (ROE) instructions.
• Learns to assess the financial institution's liquidity position, compliance with policy, and policy adequacy; prepares appropriate Liquidity and Risk Management ROE page comments in accordance with ROE instructions.
• Prepares the Capital Adequacy and Capital Calculations Pages in accordance with outstanding ROE page instructions, Call Report instructions and laws and regulations; assess capital adequacy.
• Determines the adequacy of licensed entity's net worth to ensure compliance with statutory requirements.
• Interprets financial statements, ratios and other numerical date to describe recent history, and developing trends and analyzes the present condition of the financial service provider.
• Assigns appropriate component rating to Capital, Earnings and Liquidity according to examination policy requirements.
• Verifies securities and other investments; reviews securities transactions; determines appropriate accounting for securities transactions, and assembles credit information and statistical data for use in identifying, categorizing, appraising, analyzing, and classifying the security portfolio.
• Learns to evaluate investment activities and determine the soundness of the investment policy, and that investment activities are in accordance with the current investment policy.
• Provides the Examiner-in-Charge with data needed to complete the Management/ Administration page, Risk Management pages in the Report.
• Learns to discern questionable insider activity and compiles the Directors and Officers pages and other applicable Report of Examination pages in accordance with laws and regulations and examination policies and procedures.
• Identifies and prepares the Concentration page in accordance with the Report of Examination instructions and Federal regulations.
• Analyzes compliance with the Bank Secrecy Act and "Know Your Customer" programs in accordance with laws and regulations and the manual of examination policies.
• Reviews electronic delivery systems and identifies inherent risks.
• Downloads Genesys, creates initial report pages and establishes Genesys Protocol.
• Produces an abbreviated report of examination.
• Is periodically assigned to the headquarters' office to learn review, application, licensing and/or surveillance systems.
• Will be required to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office or related units.

Education

Graduation from an accredited college or university with a Bachelor's degree in business administration, finance, economics, or accounting which includes or is supplemented by nine (9) semester hour credits in accounting.

License

Appointee will be required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee mobility, is necessary to perform the essential duties of the position.

Knowledge, skills and abilities

• Knowledge of accounting principals, methods and practices.
• Knowledge of the types of financial records.
• Knowledge of the methods used to gather and analyze information.
• Knowledge of the methods used verify and reconcile financial records.
• Ability to learn to access the financial institution's liquidity position.
• Ability to review, interpret and determine the accuracy of financial statements and reports.
• Ability to verify securities and other investments.
• Ability to learn to evaluate investment activities.
• Ability to establish and maintain cooperative working relationships with those interested or involved in the work of the unit.
• Ability to learn to evaluate the financial services of lending institutions.
• Ability to interpret laws, rules and regulations and apply them to specific situations.
• Ability to establish and maintain financial records and files.
• Ability to prepare reports and correspondence.
• Ability to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units.
• Ability to read, write, speak, understand, or communicate in English sufficiently to perform the duties of this position. American Sign Language or Braille may also be considered as acceptable forms of communication.
• Persons with mental or physical disabilities are eligible as long as they can perform the essential functions of the job after reasonable accommodation is made to their known limitations. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible.
• ADVANCEMENT:
• Appointees who successfully complete the 12-month training period will be eligible for promotion to the title: Financial Examiner 1.
• The inability of an employee in this trainee title to attain a level of performance warranting advancement to the title listed above shall be considered as cause for separation.
• 95/P95 - MCK 07/24/04

Note

The examples of work on this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job specification; conversely all duties performed on the job may not be listed).