Financial Institution Examiner 9-11 (-116)

The Department of Insurance and Financial Services (DIFS) is seeking an individual to work in public service as a Financial Institutions Examiner in Michigan’s insurance sector. This is an opportunity to build a lifelong career doing work that truly matters - protecting consumers and maintaining sound businesses in the areas of:

• Auto Insurance.
• Property Insurance.
• Casualty Insurance.
• Life Insurance.
• Health Insurance.
• Alternative Health and Finance Delivery Systems.

The right candidate will serve an important role in Michigan’s insurance sector by ensuring insurance companies provide safe, sound, and reliable financial services to consumers.

As a financial institutions examiner, you will be responsible for monitoring and examining the condition of insurance companies in Michigan. Examiners regularly meet with management teams, Boards of Directors, and other professionals associated with the industry to provide guidance, evaluate compliance with state and federal regulations, answer questions, and encourage sound business practices.

Ideal candidates will have:
 

• The drive to serve the people of the State of Michigan and make a difference in an important economic sector that supports the financial needs of Michigan citizens and businesses.
• The ability to thrive in a dynamic, collaborative, and high-tech environment while demonstrating sound professional judgment and decision-making.
• A curious and analytical mind capable of analyzing financial performance, identifying, and assessing risks, developing solutions, and supporting conclusions.
• The ability to communicate clearly, concisely, and effectively both orally and in writing.
• The desire to work closely with colleagues and senior leaders to solve problems.
• The ability to work well independently and within a team.
• The willingness to travel with some travel requiring overnight stay.

The ideal candidate will assess the regulated entities' compliance with state regulations and statutory accounting principles. 

Work Location: You will perform portions of examinations at the offices of insurance entities and complete assignments at your official workstation (i.e., home). In-state travel, including overnight, is required, as well as some out-of-state travel for training. This position is responsible for examinations in the Lansing area. DIFS is looking for a team member who is willing to live within a 1-hour drive of Lansing.

DIFS is looking for team members who have an interest in helping others, who want to learn and grow as professionals, and who want to enjoy all the exciting things that life in Michigan has to offer.  Personnel in these positions routinely advance to higher pay, as well as become eligible for management opportunities.  These positions provide competitive pay, retirement, health, vision, and dental benefits.

For more information about this posting, click here (Download PDF reader) (Download PDF reader)

Please attach a cover letter, resume, copy of official transcripts and a two-page business writing sample. Failure to attach the requested documents may result in your application being screened out.

Required Education and Experience

Education 

Possession of a bachelor's degree with a business major including completion of a business core curriculum consisting of one course each in finance, law, and management, one course in either marketing or economics, and 6 semester (9 term) credits in accounting.

Experience

Financial Institution Examiner 9

No specific type or amount is required.

Financial Institution Examiner 10

One year of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner 9.

Financial Institution Examiner 11

Two years of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner, including one year equivalent to a Financial Institution Examiner 10.

Alternate Education and Experience

Financial Institution Examiner 9

Possession of a bachelor's degree in any major

AND

Two years of an equivalent type of professional financial institution or insurance industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions.

Financial Institution Examiner 10

Possession of a bachelor's degree in any major

AND

One year of professional experience as a financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies;

OR

Three years of an equivalent type of professional financial institution industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions. 

Financial Institution Examiner P11

Possession of a bachelor's degree in any major

AND

Two years of experience as a professional financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies;

OR

Four years of an equivalent type of professional financial institution industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions.