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Career and Education Opportunities for Financial Examiners in Moreno Valley, California

There is a wide variety of career and education opportunities for financial examiners in the Moreno Valley, California area. There are currently 2,200 working financial examiners in California; this should grow 9% to 2,400 working financial examiners in the state by 2016. This is not quite as good as the nation as a whole, where employment opportunities for financial examiners are expected to grow by about 41.2%. Financial examiners generally enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions.

Financial examiners earn approximately $37 per hour or $77,300 yearly on average in California. Nationally they average about $34 hourly or $70,930 per year. Incomes for financial examiners are better than in the overall category of Accounting and Auditing in California, and better than the overall Accounting and Auditing category nationally. Jobs in this field include: home mortgage disclosure act specialist , compliance vice president, and compliance analyst.

There are nine schools within twenty-five miles of Moreno Valley where you can study to be a financial examiner, among thirty-one schools of higher education total in the Moreno Valley area. Financial examiners usually hold a Bachelor's degree, so you can expect to spend about four years training to become a financial examiner if you already have a high school diploma.

CAREER DESCRIPTION: Financial Examiner

Financial Examiner video from the State of New Jersey Dept. of Labor and Workforce Development

In general, financial examiners enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. They also may examine, verify correctness of, or establish authenticity of records.

Every day, financial examiners are expected to be able to think through problems and come up with general rules. They need to articulate ideas and problems. It is also important that they listen to and understand others in meetings.

It is important for financial examiners to formulate and review work of assigned subordinates. They are often called upon to investigate efforts of institutions to enforce laws and regulations and to insure legality of transactions and operations or financial solvency. They also inspect balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities. They are sometimes expected to recommend actions to insure adherence to laws and regulations, or to safeguard solvency of institutions. Somewhat less frequently, financial examiners are also expected to evaluate data processing applications for institutions under examination to evolve recommendations for coordinating existing systems with examination procedures.

Financial examiners sometimes are asked to train other examiners in the financial examination process. They also have to be able to inspect audit reports of internal and external auditors to track adequacy of scope of reports or to discover specific weaknesses in internal routines and inspect and analyze new, proposed, or revised laws, regulations and procedures to interpret their meaning and decide on their impact. And finally, they sometimes have to establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.

Like many other jobs, financial examiners must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Moreno Valley include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Financial Examiner Training

Copper Mountain Community College - Joshua Tree, CA

Copper Mountain Community College, 6162 Rotary Way, Joshua Tree, CA 92252. Copper Mountain Community College is a small college located in Joshua Tree, California. It is a public school with primarily 2-year programs and has 2,178 students. Copper Mountain Community College has a two to four year program in Accounting which graduated one student in 2008.

College of the Desert - Palm Desert, CA

College of the Desert, 43-500 Monterey Ave, Palm Desert, CA 92260. College of the Desert is a medium sized college located in Palm Desert, California. It is a public school with primarily 2-year programs and has 9,632 students. College of the Desert has a one to two year and a two to four year program in Accounting which graduated eight and zero students respectively in 2008.

San Bernardino Valley College - San Bernardino, CA

San Bernardino Valley College, 701 South Mount Vernon Avenue, San Bernardino, CA 92410-2798. San Bernardino Valley College is a large college located in San Bernardino, California. It is a public school with primarily 2-year programs and has 13,317 students. San Bernardino Valley College has 2 areas of study related to Financial Examiner. They are:

  • Accounting, less than one year, associate's degree, and two to four year which graduated three, zero, and zero students respectively in 2008.
  • Taxation, two to four year.

Intercoast Colleges - Riverside, CA

Intercoast Colleges, 1989 Atlanta Ave, Riverside, CA 92507. Intercoast Colleges is a small college located in Riverside, California. It is a private for-profit school with primarily less-than 2-year programs and has 135 students. Intercoast Colleges has a one to two year program in Accounting which graduated four students in 2008.

Riverside Community College - Riverside, CA

Riverside Community College, 4800 Magnolia Ave, Riverside, CA 92506. Riverside Community College is a large college located in Riverside, California. It is a public school with primarily 2-year programs and has 34,058 students. Riverside Community College has one to two year, associate's degree, and two to four year programs in Accounting which graduated fifteen, twelve, and zero students respectively in 2008.

Mt. San Jacinto Community College District - San Jacinto, CA

Mt. San Jacinto Community College District, 1499 N State St, San Jacinto, CA 92583-2399. Mt. San Jacinto Community College District is a large college located in San Jacinto, California. It is a public school with primarily 2-year programs and has 18,162 students. Mt. San Jacinto Community College District has 2 areas of study related to Financial Examiner. They are:

  • Accounting, less than one year and two to four year which graduated two and zero students respectively in 2008.
  • Taxation, less than one year and two to four year which graduated one and zero students respectively in 2008.

Crafton Hills College - Yucaipa, CA

Crafton Hills College, 11711 Sand Canyon Road, Yucaipa, CA 92399-1799. Crafton Hills College is a medium sized college located in Yucaipa, California. It is a public school with primarily 2-year programs and has 5,964 students. Crafton Hills College has less than one year, associate's degree, and two to four year programs in Accounting which graduated one, one, and zero students respectively in 2008.

Palo Verde College - Blythe, CA

Palo Verde College, One College Drive, Blythe, CA 92225. Palo Verde College is a small college located in Blythe, California. It is a public school with primarily 2-year programs and has 4,100 students. Palo Verde College has an associate's degree and a two to four year program in Accounting.

La Sierra University - Riverside, CA

La Sierra University, 4500 Riverwalk Parkway, Riverside, CA 92515-8247. La Sierra University is a small university located in Riverside, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,899 students and an admission rate of 55%. La Sierra University has a bachelor's degree and a master's degree program in Accounting which graduated three and three students respectively in 2008.

CERTIFICATIONS

Certified Forensic Accountant: Forensic accountants are professionals who use a unique blend of education and experience to apply accounting, auditing, and investigative skills to uncover truth, form legal opinions, and assist in investigations.

For more information, see the American College of Forensic Examiners website.

Associate in Premium Auditing: The Associate in Premium Auditing program provides a sold foundation in essential auditing, accounting, and insurance principles.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Risk Management for Public Entities: Understand the unique nature of the public sector.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Certified Treasury Professional Associate: We recognize the accomplishments of these full-time students who successfully completed the Corporate Treasury Management program at their college/university and passed the CTP exam to earn the Certified Treasury Professional Associate credential.

For more information, see the Association for Financial Professionals website.

Certified Fraud Examiner: The ACFE established and administers the Certified Fraud Examiner (CFE) designation.

For more information, see the Association of Certified Fraud Examiners website.

Certified Bank Auditor: The purpose of BAI Center for Certification - Certified Bank Auditor® (CBA) Continuing Professional Education (CPE) Program is to promote professional development and to provide a means for recognizing CBAs to keep current with industry changes or furthering their own development in banking, technology, auditing, or other disciplines that contribute to a CBA?s growth and development.

For more information, see the BAI Center for Certification website.

International Certificate in Banking Risk and Regulation: The role of risk management is becoming more important as both banks and supervisors around the world increasingly recognize that sound risk management practices are vital, not only for the success of individual banks, but also for the banking system as a whole.

For more information, see the Global Association of Risk Professionals website.

Certified IRA Services Professional: Applicable to financial services professionals who have dedicated IRA operational and technical experience.

For more information, see the Institute of Certified Bankers website.

Accredited Insurance Examiner: An Accredited Insurance Examiner (AIE) is awarded to insurance regulatory professionals who have been extensively trained in one of two primary fields of insurance regulation, Property and Casualty or Life and Health.

For more information, see the Insurance Regulatory Examiners Society website.

Certified Investment Management Analyst: The CIMA offers an intense educational experience focusing on asset allocation, manager search and selection, investment policy and performance measurement.

For more information, see the Investment Management Consultants Association website.

Economic Development Finance Professional: In NDC's EDFP Certification Program you will build the capacity to translate development opportunities into results for their communities.

For more information, see the The National Development Council website.

LOCATION INFORMATION: Moreno Valley, California

Moreno Valley, California
Moreno Valley, California photo by Slowking_Man

Moreno Valley is situated in Riverside County, California. It has a population of over 190,871, which has grown by 34.1% over the last ten years. The cost of living index in Moreno Valley, 121, is far greater than the national average. New single-family homes in Moreno Valley are priced at $225,500 on average, which is far less than the state average. In 2008, one hundred thirty-two new homes were built in Moreno Valley, down from three hundred ninety-two the previous year.

The three most popular industries for women in Moreno Valley are health care, educational services, and accommodation and food services. For men, it is construction, public administration, and educational services. The average commute to work is about 35 minutes. More than 14.0% of Moreno Valley residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 4.6%, is lower than the state average.

The unemployment rate in Moreno Valley is 17.3%, which is greater than California's average of 12.3%.

The percentage of Moreno Valley residents that are affiliated with a religious congregation, 43.0%, is less than both the national and state average. Trinity Baptist Church, Sunnymead Wesleyan Church and Sunnymead Baptist Temple are some of the churches located in Moreno Valley. The largest religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.

Moreno Valley is home to the Sunnymead Chamber of Commerce and the Lawless Ranch as well as Pedrorena Park and John F Kennedy Veterans Memorial Park. Shopping centers in the area include Moreno Valley Mall at Towngate Shopping Center, Moreno Valley Plaza Shopping Center and Moreno Valley Shopping Center. Visitors to Moreno Valley can choose from Best Western Image Suites and Best Western Image Inn & Suites for temporary stays in the area.