Financial Institution Examiner 9-P11

State of Michigan•Various, MI

6d•Hybrid

About The Position

The Department of Insurance and Financial Services (DIFS) is seeking a Financial Institution Examiner for the Office of Insurance Evaluation. The position monitors and examines the condition of insurance companies in Michigan to help protect consumers and maintain public confidence in the state’s insurance and financial services industries. Examiners 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. The role involves examinations at insurance entities’ offices across Michigan, along with work completed at the employee’s official workstation (home) or the DIFS office in Lansing. It is a hybrid position located primarily in Southeast Michigan. In-state travel, including overnight travel, and some out-of-state travel for training are required. Work must be performed in Michigan; candidates residing elsewhere must relocate at their own expense. The position includes participation in webinars, conference calls, and employee development training. Candidates are reviewed for appointment at the 9, 10, or 11 level based on education and experience. Applicants must submit a cover letter, resume, two-page business writing sample, and copy of official transcripts. DIFS prohibits use of artificial intelligence software during any part of the selection process. Candidates who hold active DIFS-issued licenses must surrender them if they accept an employment offer.

Requirements

Possession of a bachelor's degree with a business major, including a business core curriculum with one course each in finance, law, and management; one course in either marketing or economics; and 6 semester (9 term) credits in accounting.
At the Financial Institution Examiner 9 level, no specific type or amount of experience is required when the stated education requirement is met.
At the Financial Institution Examiner 10 level, one year of professional experience evaluating safe and sound operating practices through examinations, visitations, or investigations of specified financial institutions or insurance companies, equivalent to a Financial Institution Examiner 9.
At the Financial Institution Examiner 11 level, two years of the specified professional experience, including one year equivalent to Financial Institution Examiner 10.
Candidates may qualify at the 9 level with a bachelor's degree in any major and two years of equivalent professional financial institution or insurance industry experience.
Candidates may qualify at the 10 level with a bachelor's degree in any major and either one year of professional experience as an examiner or specialist for a specified financial regulatory agency, or three years of equivalent professional financial institution industry experience.
Candidates may qualify at the 11 level with a bachelor's degree in any major and either two years of professional experience as an examiner or specialist for a specified financial regulatory agency, or four years of equivalent professional financial institution industry experience.
Relevant industry experience may include commercial credit analysis or underwriting, commercial lending, loan review, audit, compliance, risk management, insurance accounting, internal or external audit, actuarial work, and oversight of these functions.
Ability to communicate clearly, concisely, and effectively orally and in writing.
Ability to analyze complex statutes and policy forms and explain information in a clear, consumer-friendly format.
Ability to exercise sound professional judgment and decision-making, work independently and as part of a team, and collaborate to solve problems.
Must be able to perform the work in Michigan; candidates residing outside Michigan must relocate to Michigan at their own expense.
Applicants must submit a cover letter, resume, two-page business writing sample, and copy of official transcripts.
Use of artificial intelligence software is prohibited in all areas of the selection process.
Active DIFS-issued licenses must be surrendered if the candidate accepts an employment offer.

Nice To Haves

Interest in serving the people of Michigan and supporting individuals and businesses.
Willingness to travel to diverse work locations for examinations, training, and conferences.
Interest in helping others and in learning and growing professionally.
Ability to thrive in a dynamic, collaborative, and high-tech environment.

Responsibilities

Monitor and examine the condition of insurance companies in Michigan.
Meet with management teams, boards of directors, and industry professionals.
Provide guidance and evaluate compliance with state and federal regulations.
Answer questions and encourage sound business practices.
Participate in webinars, conference calls, and employee development training.
Perform portions of examinations at insurance entities’ offices across the state and complete assignments at the official workstation or the DIFS office in Lansing.