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Career and Education Opportunities for Financial Examiners in Indianapolis, Indiana

There are many career and education opportunities for financial examiners in the Indianapolis, Indiana area. About 660 people are currently employed as financial examiners in Indiana. By 2016, this is expected to grow 15% to 760 people employed. 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.

Income for financial examiners is about $31 hourly or $64,890 yearly on average in Indiana. Nationally, their income is about $34 per hour or $70,930 yearly. Financial examiners earn more than people working in the category of Accounting and Auditing generally in Indiana and more than people in the Accounting and Auditing category nationally. Financial examiners work in a variety of jobs, including: treasury analyst, risk manager, and examiner.

There are eleven schools within twenty-five miles of Indianapolis where you can study to be a financial examiner, among thirty-six schools of higher education total in the Indianapolis area. Given that the most common education level for financial examiners is a Bachelor's degree, 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 Indianapolis 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.
  • 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.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Financial Examiner Training

Martin University - Indianapolis, IN

Martin University, 2171 Avondale Place, Indianapolis, IN 46218-0567. Martin University is a small university located in Indianapolis, Indiana. It is a private not-for-profit school with primarily 4-year or above programs and has 717 students. Martin University has a bachelor's degree program in Accounting.

Indiana Business College-Northwest - Indianapolis, IN

Indiana Business College-Northwest, 6300 Technology Center Drive, Indianapolis, IN 46278. Indiana Business College-Northwest is a small college located in Indianapolis, Indiana. It is a private for-profit school with primarily 2-year programs. It has 260 students and an admission rate of 51%. Indiana Business College-Northwest has an associate's degree program in Accounting which graduated five students in 2008.

Indiana University-Purdue University-Indianapolis - Indianapolis, IN

Indiana University-Purdue University-Indianapolis, 425 University Blvd, Indianapolis, IN 46202-5143. Indiana University-Purdue University-Indianapolis is a large university located in Indianapolis, Indiana. It is a public school with primarily 4-year or above programs. It has 30,300 students and an admission rate of 70%. Indiana University-Purdue University-Indianapolis has a master's degree program in Accounting which graduated sixty-nine students in 2008.

Marian College - Indianapolis, IN

Marian College, 3200 Cold Spring Rd, Indianapolis, IN 46222-1997. Marian College is a small college located in Indianapolis, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,064 students and an admission rate of 54%. Marian College has a bachelor's degree program in Accounting which graduated six students in 2008.

International Business College-Indianapolis - Indianapolis, IN

International Business College-Indianapolis, 7205 Shadeland Station, Indianapolis, IN 46256-3954. International Business College-Indianapolis is a small college located in Indianapolis, Indiana. It is a private for-profit school with primarily 2-year programs. It has 267 students and an admission rate of 83%. International Business College-Indianapolis has a one to two year and an associate's degree program in Accounting which graduated three and sixteen students respectively in 2008.

Franklin College - Franklin, IN

Franklin College, 101 Branigin Blvd, Franklin, IN 46131-2623. Franklin College is a small college located in Franklin, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,153 students and an admission rate of 66%. Franklin College has a bachelor's degree program in Accounting.

Anderson University - Anderson, IN

Anderson University, 1100 E 5th St, Anderson, IN 46012-3495. Anderson University is a small university located in Anderson, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,737 students and an admission rate of 68%. Anderson University has a bachelor's degree and a doctor's degree program in Accounting which graduated zero and two students respectively in 2008.

Butler University - Indianapolis, IN

Butler University, 4600 Sunset Ave, Indianapolis, IN 46208. Butler University is a small university located in Indianapolis, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,438 students and an admission rate of 72%. Butler University has a bachelor's degree and a master's degree program in Accounting which graduated thirty-four and nine students respectively in 2008.

Indiana Business College-Anderson - Anderson, IN

Indiana Business College-Anderson, 140 E 53rd St, Anderson, IN 46013. Indiana Business College-Anderson is a small college located in Anderson, Indiana. It is a private for-profit school with primarily 2-year programs. It has 202 students and an admission rate of 100%. Indiana Business College-Anderson has a one to two year and an associate's degree program in Accounting which graduated zero and three students respectively in 2008.

Indiana Business College-Indianapolis - Indianapolis, IN

Indiana Business College-Indianapolis, 550 East Washington Street, Indianapolis, IN 46204. Indiana Business College-Indianapolis is a small college located in Indianapolis, Indiana. It is a private for-profit school with primarily 4-year or above programs. It has 1,920 students and an admission rate of 89%. Indiana Business College-Indianapolis has a one to two year and an associate's degree program in Accounting which graduated one and forty-three students respectively in 2008.

University of Indianapolis - Indianapolis, IN

University of Indianapolis, 1400 E Hanna Ave, Indianapolis, IN 46227-3697. University of Indianapolis is a small university located in Indianapolis, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,728 students and an admission rate of 72%. University of Indianapolis has a bachelor's degree program in Accounting.

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: Indianapolis, Indiana

Indianapolis, Indiana
Indianapolis, Indiana photo by File Upload Bot

Indianapolis is situated in Marion County, Indiana. It has a population of over 798,382, which has grown by 2.1% in the past ten years. The cost of living index in Indianapolis, 80, is well below the national average. New single-family homes in Indianapolis cost $155,400 on average, which is near the state average. In 2008, seven hundred thirty-four new homes were constructed in Indianapolis, down from 1,317 the previous year.

The three big industries for women in Indianapolis are health care, educational services, and accommodation and food services. For men, it is construction, professional, scientific, and technical services, and administrative and support and waste management services. The average travel time to work is about 23 minutes. More than 25.4% of Indianapolis residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.7%, is higher than the state average.

The percentage of Indianapolis residents that are affiliated with a religious congregation, 40.3%, is less than both the national and state average. The largest religious groups are the Catholic Church, the United Methodist Church and the Christian Churches and Churches of Christ.