CERTIFIED FINANCIAL EXAMINER

Code: 80310 State Non-Competitive Range: P98 (FY 2027) Work week NL: FLSA exemptOvertime table (4A:3, Appx. A)

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 general supervision of a supervisory official in the Department of Banking and Insurance, independently performs more complex tasks and may take the lead and/or oversee bank or insurance examiners conducting examinations of state charter banks, regulated consumer finance entities, or domestic insurers, examining regulatory compliance, fiscal and operational soundness, regulating rates and rating plans classification; oversees the review and evaluation of documents and other reports and statements prepared on both a statutory accounting and GAAP basis; does other related duties as required.

Examples of work

Writes technical, statistical, or financial reports. Regulates programs, services, and industries. Calculates and determines rates, costs, fees, taxes, or other amounts consistent with schedules, formulas, or other established procedures. Posts numeric transactions, such as debits and credits, advances, deductions, or balances, to ledgers and worksheets. Verifies accuracy of processed fiscal transactions. Reviews out-of-balance accounts, responses to audit findings, and expenditures for compliance with budget policies. Analyzes cash flow. Examines and audits computerized accounting systems, financial data processing systems, and tax returns. Interprets statistical data and selects statistical samples for audit planning. Compiles formal financial statements, such as balance sheets, income statements, or cash flow. Evaluates financial condition or status. Identifies insurance or financial liability of examined institutions and legal action. Monitors internal financial controls. Reviews legal papers, notes, or collateral. Conducts post-audit conferences. Develops market valuations by fund and type of holding. Reviews data access control provisions, security procedures, passwords, validation routines, and recovery procedures. Analyzes standards of performance for the scheduling, data workflow control, and Input/Output control activities. Consults with system users on computerized accounting or auditing system problems and requirements. Provides technical advice to staff, peers, or management. Consults with system users on application software development. Will be required to learn how to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units. REQUIRMENTS: Nine (9) years of professional experience in work involving accounting and auditing of the accounts and records or EDP systems of banks, consumer finance entitles, or insurance companies, including or supplemented by twenty-one (21) semester hour credits in accounting, statistics, finance, economics, banking, and/or insurance. OR Possession of a bachelor's degree from an accredited college or university, including or supplemented by twenty-one (21) semester hour credits in accounting, statistics, finance, economics, banking, and/or insurance; and five (5) years of the above-mentioned professional experience.

Knowledge, skills and abilities

Knowledge of applicable software utilized in the agency. Knowledge of the principles and techniques of financial and insurance accounting, fund accounting, and general accounting. Knowledge of the procedures for reconciling accounts and conducting audit conferences. Knowledge of the Generally Accepted Accounting Principles and Procedures (GAAP) and Generally Accepted Auditing Standards and Procedures (GAAS). Knowledge of the principles and techniques of program auditing, computerized accounting systems, and internal auditing. Knowledge of the principles of financial management planning. Knowledge of Federal Internal Revenue Code, EDP auditing procedures, terminology, theories, loss or claim reserving methodology, reinsurance contracts, and financial program auditing procedures. Knowledge of a fourth-generation language, such as RAMIS, FOCUS, or ORACLE. Ability to establish and maintain cooperative working relationships with associates, representatives from local and state agencies, members of the public, and others. Ability to collect data through questioning. Ability to perform complex mathematical calculations. Ability to identify and resolve problems in the coordination of programs, plans, or projects. Ability to make appropriate inferences and deductions based on various types of source materials. Ability to synthesize facts to reach logical conclusions. Ability to interpret and apply laws, rules, regulation, and policies governing investments, securities, and other given situations. Ability to interpret and apply administrative codes and statutes governing an agency's financial administration. Ability to recognize inconsistencies in financial data and determine the source(s) of discrepancies. Ability to determine the appropriate auditing procedure for specific cases. Ability to evaluate and interpret formal financial statements. Ability to interpret and apply the Governmental Accounting Standards Board's pronouncements. Ability to document systems specifications. Ability to evaluate the operating efficiency of computerized accounting and/or auditing systems. Ability to schedule and organize work unit activities and identify and resolve problems which arise. Ability to provide guidance to lower-level staff in the work of the unit. Ability to write clear and accurate technical, statistical, and financial reports. Ability to learn to learn how 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, and 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 if they can perform the 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

The examples of work for 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. "Professional experience" refers to work that is creative, analytical, evaluative, and interpretive; requires a range and depth of specialized knowledge of the profession's principles, concepts, theories, and practices; and is performed with the authority to act according to one's own judgment and make accurate and informed decisions. LICENSE/CERTIFICATION: Appointees must possess a Certified Financial Examiner designation by the Society of Financial Examiners, a Commissioned Bank Examiner designation by the Federal Deposit Insurance Corporation (FDIC), or a Certified Examiner-In-Charge or Certified Examinations Manager designation by the Conference of State Bank Supervisors. 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.