Financial Institution Examiner 9 - 12

State of Michigan•Lansing, MI

About The Position

The Department of Insurance and Financial Services (DIFS) is hiring two Financial Institution Examiners in the Office of Consumer Finance. Examiners regulate consumer financial services companies, including motor vehicle finance companies, money transfer services, mortgage companies, and payday lenders. They work directly with financial institution leaders to conduct examinations and help ensure compliance with state and federal regulations. The positions support consumer protection and public confidence in Michigan’s insurance and financial services industries, and offer opportunities to advance as experience and expertise grow. Candidates may be considered at entry level or at more experienced levels, based on their education and experience. The work includes compliance reviews and examinations at licensed entities’ offices throughout the United States, as well as assignments at the employee’s home office. Significant in-state and out-of-state travel, including overnight travel, is required. DIFS seeks candidates willing to reside within a two-hour drive of Lansing. Employees may advance to higher pay levels and become eligible for management opportunities. Candidates must submit a cover letter describing how their education or experience would make them a successful examiner and explaining their understanding of and interest in the position, a resume, and a copy of official college transcripts. Transcripts must show the institution’s name and address, degree and date conferred, coursework completed, and the Registrar’s signature and/or seal. A scanned or electronic copy is acceptable if it contains these elements. Failure to attach the requested documents may result in the application being screened out. Use of AI software is prohibited throughout the selection process, including application and interview responses or exercises; suspected use may result in screening out. Candidates who accept an offer must surrender any active DIFS-issued licenses because holding active licenses in regulated industries is considered a conflict of interest.

Requirements

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 six semester (nine term) credits in accounting. The posting also allows specified alternate experience-based qualifications for levels 9–12.
Financial Institution Examiner 9: no specific type or amount of experience is required under the listed experience qualification; an alternate route requires a bachelor’s degree in any major and two years of equivalent professional financial institution or insurance industry experience.
Financial Institution Examiner 10: one year of relevant professional examiner experience, or an applicable alternate qualification such as a bachelor’s degree plus one year of experience as an examiner or specialist at a listed financial regulatory agency, or three years of equivalent financial institution industry experience.
Financial Institution Examiner 11: two years of relevant professional examiner experience, including one year equivalent to Financial Institution Examiner 10; an alternate qualification is a bachelor’s degree plus two years of examiner or specialist experience at a listed regulatory agency, or four years of equivalent financial institution industry experience.
Financial Institution Examiner 12: three years of relevant professional examiner experience, including one year equivalent to Financial Institution Examiner P11; an alternate qualification is a bachelor’s degree plus three years of examiner or specialist experience at a listed regulatory agency, or five years of equivalent 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.
Willingness to travel to diverse work locations for examinations, investigations, training, and conferences; significant in-state and out-of-state travel, including overnight travel, is required.
Willingness to reside within a two-hour drive of Lansing.
Ability to analyze, communicate clearly and effectively orally and in writing, use sound professional judgment, work independently and as part of a team, and collaborate to solve problems.

Nice To Haves

A desire to serve the people of Michigan and help protect consumers.
A curious and analytical mindset and interest in learning, professional growth, and working in a dynamic, collaborative, high-tech environment.
Interest in helping others and in the economic sector that supports individuals and small businesses.

Responsibilities

Regulate consumer financial services companies, including motor vehicle finance companies, money transfer services, mortgage companies, and payday lenders.
Conduct examinations and compliance reviews of licensed entities to ensure compliance with state and federal regulations.
Travel to licensed entities’ offices throughout the United States to perform examinations and complete assignments from a home office.
Analyze financial performance, identify and assess risks, develop solutions, and support conclusions.
Work with colleagues, senior leaders, and financial institution leaders to solve problems and carry out examinations.