Financial Institution Examiner 9-P11

State of Michigan•Various, MI

7d•Hybrid

About The Position

The Department of Insurance and Financial Services (DIFS) is seeking an individual to work in public service as a Financial Institution Examiner. This position is an opportunity to build a lifelong career doing work that truly matters - helping to protect consumers and maintain public confidence in Michigan’s insurance and financial services industries. 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 Institution 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 industry professionals to provide guidance, evaluate compliance with state and federal regulations, answer questions, and encourage sound business practices.

Requirements

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.
For Financial Institution Examiner 9: No specific type or amount of experience is required.
For 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.
For 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.
For Financial Institution Examiner 9 (Alternate): Possession of a bachelor's degree in any major AND Two years of an equivalent type of professional financial institution or insurance industry experience.
For Financial Institution Examiner 10 (Alternate): 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.
For Financial Institution Examiner P11 (Alternate): 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 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.

Nice To Haves

The drive to serve the people of the State of Michigan and make a difference in an important role that supports Michigan individuals and businesses.
The desire to travel to diverse work locations for examinations, training opportunities, and conferences.
The ability to thrive in a dynamic, collaborative, and high-tech environment while demonstrating sound professional judgement and decision-making.
A curious and analytical mind capable of analyzing complex statutes, policy forms, and converting this information into an easy to understand, consumer friendly format.
The ability to communicate clearly, concisely, and effectively both orally and in writing.
The desire to work closely with colleagues and management to solve problems.
The ability to work well both independently and within a team.
An interest in helping others.
A desire to learn and grow as a professional.