CHIEF EXAMINER

Definition

Under direction of an Assistant Division Director, Department of Banking and Insurance, has charge of the statewide activities of the staff engaged in the supervision, regulation, and/or examination of financial institutions and other organizations and persons chartered or licensed by the Department; does related work as required.

Examples of work

• Supervises the development, execution, and evaluation of work plans, procedures, programs, and schedules.
• Conducts personal conferences with, prepares extensive correspondence to, and answers inquiries from federal and state agencies or other organizations, persons, or their attorneys who operate under the jurisdiction of the Department of Banking and Insurance.
• Supervises the initial issuance and renewal of licenses issued to various organizations or persons regulated by the Department of Banking and Insurance.
• Prepares detailed memoranda containing specific findings, conclusions and recommendations on applications for a charter or license to be utilized in rendering formal or informal decisions on such applications.
• Establishes the program of field and office examining work.
• Provides assignments and instructions to examining, investigative, and other personnel engaged in field and office work, and supervises the performance of their work.
• Examines data processing capabilities for access and control features and reviews printouts and reports to determine the validity and integrity of institution files.
• Reviews, checks, analyzes modifies, and approves reports of examinations conducted by financial examiners.
• Ensures follow-up and implementation of approved recommendations.
• In response to unusual conditions reported by the field staff, confers with the officials and directors of financial institutions concerned, to point out irregularities, and provide advice on remedial actions.
• Supervises the assessment and collections of fines
• Manages the work operations and/or functional programs and has responsibility for employee evaluations and for effectively recommending the hiring, firing, promoting, demoting, and/or disciplining of employees.
• Prepares critical reviews concerning examination problems for the use of the Assistant Division Director, the Director Division of Banking, and the Commissioner.
• Receives, investigates, and adjusts complaints.
• Supervises the performance of field surveys on certain applications for a charter license to engage in business in the state, including check cashers, check sellers, credit unions, pawnbrokers, and small loan licensees.
• Supervises the preparation of information for Department reports, and special or confidential reports containing findings, conclusions, and recommendations.
• Provides recommendations pertaining to the development and promulgation of policies and procedures for the supervision of financial institutions.
• Participates in the preparation of cases for administrative and judicial reviews and hearings; presents evidence at such hearings.
• May act as a witness in cases involving prosecutions for civil or criminal violations of the law.
• Assists in drafting new or amended legislation impacting the supervision of financial institutions.
• Supervises the maintenance of essential records and files.
• Will be required to lean to utilize various types of electronic and/or manual recording and computerized information systems used by the agency, office, or related units.
• <b>REQUIREMENTS
• EDUCATION</b>
• Graduation from an accredited college or university with a Bachelor's degree in business administration, finance, economics, or accounting including or supplemented by nine (9) semester hour credits in accounting.

Experience

Six (6) years of experience as a regulator examining or auditing regulated financial institutions or, accounting or auditing experience in a regulated financial institution including, but not limited to, a bank, savings and loan association, and/or credit unions, three (3) years of which shall have been in a supervisory capacity.

License

Appointees 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 current accounting and auditing principles and methods.
• Knowledge of the methods used to examine financial records for completeness, accuracy, propriety, and significance.
• Knowledge of the techniques used to develop the procedures, standards, and routines for the examination of banks and other financial institutions.
• Knowledge of the methods and procedures used in planning and conducting surveys for charters or licenses.
• Knowledge of data processing principles, systems, and controls.
• Knowledge of the type of financial records and operations of organizations under the supervision of the Department of Banking and Insurance.
• Knowledge of data processing theory and operations as applied to records of financial institutions.
• Knowledge of methods and procedures used to verify and reconcile financial reports and other records.
• Ability to interpret various output media.
• Ability to assign and instruct examiners, investigators, and other personnel, and supervise the performance of their work.
• Ability to appraise the significance of facts disclosed through applications, reports of examination, and/or the results of investigations conducted by the Department, and to prepare detailed reports containing findings, conclusions, and recommendations.
• Ability to supervise the establishment and maintenance of essential records and files.
• Ability to read, interpret, and apply the provisions of the laws, rules, and regulations pertaining to financial institutions under the supervision of the Department.
• Ability to verify financial entries in books of account and supporting records.
• Ability to utilize accepted accounting and statistical principles.
• Ability to interpret and apply the legal and financial requirements for licensure.
• Ability to act as a witness at judicial or administrative hearings.
• 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 essential functions of the job with or without reasonable accommodation. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible.

Note

Possession of a valid certificate as a Certified Public Accountant issued by the New Jersey State Board of Accountancy may be substituted for the above education.

Applicants who have successfully completed the required twenty four (24) credits specified above may substitute experience as indicated above on a year-for-year basis for the remaining education.