TWDB - 26-127 - Financial Examiner (Financial Examiner I)

Texas Water Development Board (TWDB)•Austin, TX

4d•$3,581 - $4,500•Onsite

About The Position

The Texas Water Development Board (TWDB) is seeking a Financial Examiner I to perform entry-level financial examination, analysis, and compliance monitoring work. This role involves conducting examinations to determine and report on the financial condition and compliance of local entities with statutory requirements and financing/lending agreements, particularly for those entities that have received financial awards or loans from the TWDB. The position operates under close supervision and reports to the Director of the Financial Compliance Division. The TWDB offers a competitive compensation and benefits package, including medical, dental, vision, 401(k), flexible spending, and flexible work alternatives to promote work/life balance.

Requirements

Graduation from an accredited four-year college or university with a bachelor's degree in Business Administration, Finance, Accounting, Economics, Insurance, or a related field.
Experience with financial examinations, accounting, or auditing.
Relevant education and experience can be substituted for each other on a year-for-year basis.
Ability to meet agency in-office requirements.
Ability to operate a vehicle (state or personal) for state business and maintain a driver's license and driving record that complies with state and agency requirements.
Ability to work shifts that may exceed 8 hours, including early mornings, nights, and weekends.
Ability to train others.

Nice To Haves

Graduate degree or MBA from an accredited college or university with a specialization in Accounting, Finance, Public Administration, Public Finance, Computer Science and/or Math.
One year of experience in Accounting, Budget, or Financial Analysis.
One year of experience as a financial examiner.
Certification in one or more of the following areas: Accredited Financial Examiner (AFE), Certified Financial Examiner (CFE), Certified Insurance Examiner (CIE), or Certified Public Accountant (CPA).

Responsibilities

Conducts financial examinations with the assistance of others.
Conducts financial reviews of entities that have received financial awards from TWDB.
Evaluates recorded assets, liabilities, surpluses, and capital for compliance with statutes, rules, and regulations.
Conducts financial compliance and stability reviews of municipalities for which the TWDB serves as bondholder, identifying instances of noncompliance and/or default risk.
Verifies the accuracy of records, work papers, and related financial statements.
Determines proper documentation and adequate procedures.
Detects and records variances from policies, procedures and borrowing covenants.
Assesses findings of noncompliance and default risk.
Recommends corrective action plans and strategies for remedial intervention and surveillance.
Prepares worksheets and summaries of financial examinations.
Conducts reviews TWDB loan recipients to ensure compliance with loan covenants.
Reviews borrowers' ordinances, private placement memorandums, and financial documentation to determine compliance with TWDB requirements.
Prepares and updates reports produced by TxWISE (TWDB internal operating system platform).
Responsible for timely and accurate data entry associated with all assigned work.
Maintains confidential and sensitive information.
Ensures individual and team files (electronic and hard versions) are appropriately maintained and timely disposed of in accordance with the agency's records retention procedures and schedule.
Maintains required certifications and licenses and meets the continuing education needs and requirements of the position to include, attending mandatory training courses.
May be required to operate a state or personal vehicle for business purposes.
Performs other duties as assigned.
May train others.