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Career and Education Opportunities for Financial Examiners in Kansas City, Missouri

If you want to be a financial examiner, the Kansas City, Missouri area offers many opportunities both for education and employment. There are currently 510 working financial examiners in Missouri; this should grow 8% to about 550 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.

Income for financial examiners is about $38 per hour or $79,800 annually on average in Missouri. Nationally, their income is about $34 per hour or $70,930 yearly. Compared with people working in the overall category of Accounting and Auditing, people working as financial examiners in Missouri earn more. They earn more than people working in the overall category of Accounting and Auditing nationally. People working as financial examiners can fill a number of jobs, such as: auditor, director of securities and real estate, and bank examiner.

There are seventy-one schools of higher education in the Kansas City area, including fifteen within twenty-five miles of Kansas City 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

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 Kansas City 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 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

Baker University - Baldwin City, KS

Baker University, 618 Eighth Street, Baldwin City, KS 66006-0065. Baker University is a small university located in Baldwin City, Kansas. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,112 students and an admission rate of 50%. Baker University has a bachelor's degree program in Accounting which graduated five students in 2008.

MidAmerica Nazarene University - Olathe, KS

MidAmerica Nazarene University, 2030 E College Way, Olathe, KS 66062-1899. MidAmerica Nazarene University is a small university located in Olathe, Kansas. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,762 students and an admission rate of 73%. MidAmerica Nazarene University has a bachelor's degree program in Accounting.

University of Missouri-Kansas City - Kansas City, MO

University of Missouri-Kansas City, 5100 Rockhill Rd, Kansas City, MO 64110. University of Missouri-Kansas City is a large university located in Kansas City, Missouri. It is a public school with primarily 4-year or above programs. It has 14,481 students and an admission rate of 73%. University of Missouri-Kansas City has a bachelor's degree and a master's degree program in Accounting which graduated thirty-six and forty students respectively in 2008.

University of Saint Mary - Leavenworth, KS

University of Saint Mary, 4100 S 4th St Trafficway, Leavenworth, KS 66048-5082. University of Saint Mary is a small university located in Leavenworth, Kansas. It is a private not-for-profit school with primarily 4-year or above programs. It has 955 students and an admission rate of 69%. University of Saint Mary has a bachelor's degree program in Accounting which graduated one student in 2008.

Park University - Parkville, MO

Park University, 8700 NW River Park Dr, Parkville, MO 64152-3795. Park University is a large university located in Parkville, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,457 students and an admission rate of 78%. Park University has a bachelor's degree program in Accounting.

Ottawa University - Ottawa, KS

Ottawa University, 1001 South Cedar, Ottawa, KS 66067-3399. Ottawa University is a small university located in Ottawa, Kansas. It is a private not-for-profit school with primarily 4-year or above programs. It has 553 students and an admission rate of 72%. Ottawa University has a bachelor's degree program in Accounting which graduated three students in 2008.

Avila University - Kansas City, MO

Avila University, 11901 Wornall Rd, Kansas City, MO 64145-1698. Avila University is a small university located in Kansas City, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,939 students and an admission rate of 50%. Avila University has a bachelor's degree program in Accounting.

Colorado Technical University - North Kansas City, MO

Colorado Technical University, 520 E 19th Ave, North Kansas City, MO 64116. Colorado Technical University is a small university located in North Kansas City, Missouri. It is a private for-profit school with primarily 4-year or above programs and has 850 students. Colorado Technical University has a bachelor's degree program in Accounting which graduated four students in 2008.

Brown Mackie College-Kansas City - Lenexa, KS

Brown Mackie College-Kansas City, 9705 Lenexa Dr., Lenexa, KS 66215. Brown Mackie College-Kansas City is a small college located in Lenexa, Kansas. It is a private for-profit school with primarily 2-year programs and has 462 students. Brown Mackie College-Kansas City has a one to two year and an associate's degree program in Accounting which graduated one and four students respectively in 2008.

Benedictine College - Atchison, KS

Benedictine College, 1020 N 2nd St, Atchison, KS 66002-1499. Benedictine College is a small college located in Atchison, Kansas. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,988 students and an admission rate of 20%. Benedictine College has a bachelor's degree program in Accounting which graduated two students in 2008.

William Jewell College - Liberty, MO

William Jewell College, 500 College Hill, Liberty, MO 64068-1896. William Jewell College is a small college located in Liberty, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,210 students and an admission rate of 63%. William Jewell College has a bachelor's degree program in Accounting which graduated one student in 2008.

National American University-Independence - Independence, MO

National American University-Independence, 3620 Arrowhead Avenue, Independence, MO 64057. National American University-Independence is a small university located in Independence, Missouri. It is a private for-profit school with primarily 4-year or above programs and has 415 students. National American University-Independence has an associate's degree and a bachelor's degree program in Accounting which graduated zero and one students respectively in 2008.

University of Kansas - Lawrence, KS

University of Kansas, , Lawrence, KS 66045. University of Kansas is a large university located in Lawrence, Kansas. It is a public school with primarily 4-year or above programs. It has 29,365 students and an admission rate of 92%. University of Kansas has a bachelor's degree and a master's degree program in Accounting which graduated 199 and sixty-four students respectively in 2008.

Wright Career College - Overland Park, KS

Wright Career College, 10975 El Monte, Overland Park, KS 66211. Wright Career College is a small college located in Overland Park, Kansas. It is a private not-for-profit school with primarily 2-year programs and has 846 students. Wright Career College has a one to two year program in Accounting which graduated forty-four students in 2008.

Ottawa University-Kansas City - Overland Park, KS

Ottawa University-Kansas City, 4370 W. 109th Street Suite 200, Overland Park, KS 66211. Ottawa University-Kansas City is a small university located in Overland Park, Kansas. It is a private not-for-profit school with primarily 4-year or above programs and has 817 students. Ottawa University-Kansas City has a bachelor's degree program in Accounting which graduated one student 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: Kansas City, Missouri

Kansas City, Missouri
Kansas City, Missouri photo by Dillard421

Kansas City is situated in Jackson County, Missouri. It has a population of over 451,572, which has grown by 2.3% in the past ten years. The cost of living index in Kansas City, 78, is well below the national average.

The top three industries for women in Kansas City are health care, educational services, and finance and insurance. For men, it is construction, professional, scientific, and technical services, and public administration. The average travel time to work is about 22 minutes. More than 25.7% of Kansas City residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.7%, is lower than the state average.

The unemployment rate in Kansas City is 11.3%, which is greater than Missouri's average of 8.9%.

The percentage of Kansas City residents that are affiliated with a religious congregation, 51.2%, is more than the national average but less than the state average. Glenwood Church, Antioch Church and Assumption of the Blessed Virgin Mary are among the churches located in Kansas City. The most common religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Kansas City is home to the Ozanam Boys Home and the Watts Mill Center as well as Central Park and West Terrace Park. Shopping malls in the area include Antioch Shopping Center, Wornall Village Shopping Center and Winwood Shopping Center. Visitors to Kansas City can choose from Budget Host Inn, Days Inn and Embassy Suites Hotel Kansas City Internatinl Arprt for temporary stays in the area.