Career and Education Opportunities for Financial Examiners in Baton Rouge, Louisiana
If you want to be a financial examiner, the Baton Rouge, Louisiana area offers many opportunities both for education and employment. The national trend for financial examiners sees this job pool growing by about 41.2% over the next eight years. Financial examiners generally 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 $39 per hour or $82,770 per year on average in Louisiana. Nationally, their income is about $34 hourly or $70,930 yearly. Incomes for financial examiners are better than in the overall category of Accounting and Auditing in Louisiana, and better than the overall Accounting and Auditing category nationally. Financial examiners work in a variety of jobs, including: bank compliance officer, compliance coordinator, and compliance analyst.
There are thirty-six schools of higher education in the Baton Rouge area, including two within twenty-five miles of Baton Rouge where you can get a degree to start your career as a financial examiner. The most common level of education for financial examiners is a Bachelor's degree. You can expect to spend about four years studying 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 Baton Rouge 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.
- 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
Southern University and A & M College - Baton Rouge, LA
Southern University and A & M College, Southern Branch Post Office, Baton Rouge, LA 70813. Southern University and A & M College is a medium sized university located in Baton Rouge, Louisiana. It is a public school with primarily 4-year or above programs. It has 7,699 students and an admission rate of 55%. Southern University and A & M College has a bachelor's degree program in Accounting which graduated forty-one students in 2008.
Louisiana State University and Agricultural & Mechanical College - Baton Rouge, LA
Louisiana State University and Agricultural & Mechanical College, , Baton Rouge, LA 70803-2750. Louisiana State University and Agricultural & Mechanical College is a large university located in Baton Rouge, Louisiana. It is a public school with primarily 4-year or above programs. It has 28,810 students and an admission rate of 73%. Louisiana State University and Agricultural & Mechanical College has bachelor's degree, master's degree, and doctor's degree programs in Accounting which graduated 152, forty-six, and two 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: Baton Rouge, Louisiana
Baton Rouge is situated in East Baton Rouge Parish County, Louisiana. It has a population of over 223,689, which has shrunk by 1.8% in the past ten years. The cost of living index in Baton Rouge, 86, is well below the national average. New single-family homes in Baton Rouge are priced at $189,100 on average, which is well above the state average. In 2008, one hundred thirty-five new homes were built in Baton Rouge, down from two hundred fifty-seven the previous year.
The top three industries for women in Baton Rouge are educational services, health care, and public administration. For men, it is educational services, construction, and professional, scientific, and technical services. The average travel time to work is about 21 minutes. More than 31.7% of Baton Rouge residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 12.8%, is higher than the state average.
The unemployment rate in Baton Rouge is 7.1%, which is the same as Louisiana's average of 7.1%.
The percentage of Baton Rouge residents that are affiliated with a religious congregation, 52.7%, is more than the national average but less than the state average. Allen Chapel African Methodist Episcopal Church, Hughes United Methodist Church and Straight Life Baptist Church are all churches located in Baton Rouge. The most common religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.
Baton Rouge is home to the Baton Rouge Industrial Park and the Baton Rouge Country Club as well as Howell Park and Independence Park. Shopping centers in the area include Carriage Alley Shopping Center, Sherwood Plaza Shopping Center and Foret and McCall Shopping Center. Visitors to Baton Rouge can choose from Pines Motel, Motel 6 and Shoneys Inn & Suites Baton Rouge for temporary stays in the area.