Career and Education Opportunities for Financial Examiners in Jacksonville, Florida
Financial examiners can find both educational opportunities and jobs in the Jacksonville, Florida area. There are currently 800 working financial examiners in Florida; this should grow by 26% to 1,010 working financial examiners in the state by 2016. This is not quite as good as the national trend for financial examiners, which sees this job pool growing by about 41.2% over the next eight years. In general, financial examiners enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions.
The income of a financial examiner is about $38 per hour or $79,170 yearly on average in Florida. In the U.S. as a whole, their income is about $34 per hour or $70,930 yearly on average. Financial examiners earn more than people working in the category of Accounting and Auditing generally in Florida and more than people in the Accounting and Auditing category nationally. People working as financial examiners can fill a number of jobs, such as: compliance analyst, treasury analyst, and financial analyst.
The Jacksonville area is home to thirty-three schools of higher education, including seven within twenty-five miles of Jacksonville where you can get a degree as a financial examiner. Financial examiners usually hold a Bachelor's degree, so it will take about four years to learn to be a financial examiner if you already have a high school diploma.
CAREER DESCRIPTION: Financial Examiner
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 Jacksonville 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.
- 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
Jacksonville University - Jacksonville, FL
Jacksonville University, 2800 University Blvd N, Jacksonville, FL 32211-3394. Jacksonville University is a small university located in Jacksonville, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,418 students and an admission rate of 64%. Jacksonville University has a bachelor's degree program in Accounting which graduated eleven students in 2008.
Bradford-Union Area Career Technical Center - Starke, FL
Bradford-Union Area Career Technical Center, 609 N Orange St, Starke, FL 32091. Bradford-Union Area Career Technical Center is a small school located in Starke, Florida. It is a public school with primarily less-than 2-year programs and has 108 students. Bradford-Union Area Career Technical Center has a one to two year program in Accounting.
University of Phoenix-North Florida Campus - Jacksonville, FL
University of Phoenix-North Florida Campus, 4500 Salisbury Road North, Ste., 200, Jacksonville, FL 32216-0959. University of Phoenix-North Florida Campus is a small university located in Jacksonville, Florida. It is a private for-profit school with primarily 4-year or above programs and has 1,126 students. University of Phoenix-North Florida Campus has a bachelor's degree program in Accounting which graduated ten students in 2008.
University of North Florida - Jacksonville, FL
University of North Florida, 1 UNF Drive, Jacksonville, FL 32224-2645. University of North Florida is a large university located in Jacksonville, Florida. It is a public school with primarily 4-year or above programs. It has 14,982 students and an admission rate of 48%. University of North Florida has a bachelor's degree and a master's degree program in Accounting which graduated one and thirty-seven students respectively in 2008.
Flagler College - Saint Augustine, FL
Flagler College, 74 King Street, Saint Augustine, FL 32084. Flagler College is a small college located in Saint Augustine, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,540 students and an admission rate of 45%. Flagler College has a bachelor's degree program in Accounting.
University of Florida - Gainesville, FL
University of Florida, 355 Tigert Hall, Gainesville, FL 32611-3115. University of Florida is a large university located in Gainesville, Florida. It is a public school with primarily 4-year or above programs. It has 51,475 students and an admission rate of 41%. University of Florida has a bachelor's degree and a master's degree program in Accounting which graduated 161 and ninety-eight students respectively in 2008.
Everest University-Jacksonville - Jacksonville, FL
Everest University-Jacksonville, 8226 Phillips Hwy, Jacksonville, FL 32256-1240. Everest University-Jacksonville is a small university located in Jacksonville, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 438 students and an admission rate of 75%. Everest University-Jacksonville has an associate's degree and a bachelor's degree program in Accounting which graduated six and four students respectively in 2008.
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: Jacksonville, Florida
Jacksonville is located in Duval County, Florida. It has a population of over 807,815, which has grown by 9.8% over the last ten years. The cost of living index in Jacksonville, 84, is well below the national average. New single-family homes in Jacksonville are valued at $173,500 on average, which is far less than the state average. In 2008, 2,592 new homes were built in Jacksonville, down from 3,449 the previous year.
The three most popular industries for women in Jacksonville are health care, finance and insurance, and educational services. For men, it is construction, finance and insurance, and accommodation and food services. The average commute to work is about 25 minutes. More than 21.1% of Jacksonville residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.5%, is lower than the state average.
The unemployment rate in Jacksonville is 10.9%, which is less than Florida's average of 11.3%.
The percentage of Jacksonville residents that are affiliated with a religious congregation, 44.2%, is less than the national average but more than the state average. Church of God-West Jacksonville, Church of Good Shepherd and Church of Our Savior are among the churches located in Jacksonville. The largest religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.
Jacksonville is home to the Pearl Plaza and the Lane Center as well as Memorial Park and James Park. Shopping centers in the area include 5 Points West Shopping Center, Lone Star Road Shopping Center and Normandy Mall. Visitors to Jacksonville can choose from Civista Inn, Best Western Baldwin Inn and City Center Motel for temporary stays in the area.