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Career and Education Opportunities for Financial Examiners in Cleveland, Ohio

Financial examiners can find both educational opportunities and jobs in the Cleveland, Ohio area. About 1,280 people are currently employed as financial examiners in Ohio. By 2016, this is expected to grow 2% to about 1,300 people employed. 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 about $33 per hour or $69,670 per year on average in Ohio and about $34 per hour or $70,930 per year on average nationally. Incomes for financial examiners are better than in the overall category of Accounting and Auditing in Ohio, and better than the overall Accounting and Auditing category nationally. People working as financial examiners can fill a number of jobs, such as: treasury analyst, bank compliance officer, and director of securities and real estate.

There are nineteen schools within twenty-five miles of Cleveland where you can study to be a financial examiner, among 103 schools of higher education total in the Cleveland area. The most common level of education for financial examiners is a Bachelor's degree. 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

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 Cleveland 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

University of Akron Main Campus - Akron, OH

University of Akron Main Campus, 302 Buchtel Common, Akron, OH 44325-4702. University of Akron Main Campus is a large university located in Akron, Ohio. It is a public school with primarily 4-year or above programs and has 24,202 students. University of Akron Main Campus has 2 areas of study related to Financial Examiner. They are:

  • Accounting, bachelor's degree and master's degree which graduated 106 and twenty-five students respectively in 2008.
  • Taxation, master's degree which graduated 23 students in 2008.

Kent State University Kent Campus - Kent, OH

Kent State University Kent Campus, , Kent, OH 44242-0001. Kent State University Kent Campus is a large university located in Kent, Ohio. It is a public school with primarily 4-year or above programs. It has 22,944 students and an admission rate of 80%. Kent State University Kent Campus has bachelor's degree, master's degree, and doctor's degree programs in Accounting which graduated 114, twenty-five, and three students respectively in 2008.

Lorain County Community College - Elyria, OH

Lorain County Community College, 1005 North Abbe Rd, Elyria, OH 44035-1691. Lorain County Community College is a large college located in Elyria, Ohio. It is a public school with primarily 2-year programs and has 11,242 students. Lorain County Community College has an associate's degree program in Accounting which graduated twenty-nine students in 2008.

Akron Adult Vocational Services - Akron, OH

Akron Adult Vocational Services, 147 Park St, Akron, OH 44308-1979. Akron Adult Vocational Services is a small school located in Akron, Ohio. It is a public school with primarily less-than 2-year programs and has 390 students. Akron Adult Vocational Services has a less than one year program in Accounting which graduated twenty-four students in 2008.

Ohio Business College-Lorain - Sheffield Village, OH

Ohio Business College-Lorain, 5095 Waterford Drive, Sheffield Village, OH 44053. Ohio Business College-Lorain is a small college located in Sheffield Village, Ohio. It is a private for-profit school with primarily 2-year programs and has 358 students. Ohio Business College-Lorain has a less than one year and an associate's degree program in Accounting which graduated zero and four students respectively in 2008.

Case Western Reserve University - Cleveland, OH

Case Western Reserve University, 10900 Euclid Ave, Cleveland, OH 44106. Case Western Reserve University is a medium sized university located in Cleveland, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 9,814 students and an admission rate of 73%. Case Western Reserve University has 2 areas of study related to Financial Examiner. They are:

  • Accounting, bachelor's degree and master's degree which graduated seventeen and five students respectively in 2008.
  • Taxation, master's degree which graduated 2 students in 2008.

National College - Stow, OH

National College, 3855 Fishcreek Rd, Stow, OH 44224. National College is a small college located in Stow, Ohio. It is a private for-profit school with primarily 2-year programs and has 205 students. National College has an associate's degree program in Accounting.

Baldwin-Wallace College - Berea, OH

Baldwin-Wallace College, 275 Eastland Rd, Berea, OH 44017-2088. Baldwin-Wallace College is a small college located in Berea, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,374 students and an admission rate of 67%. Baldwin-Wallace College has less than one year, bachelor's degree, and master's degree programs in Accounting which graduated one, eight, and twenty-nine students respectively in 2008.

Ursuline College - Pepper Pike, OH

Ursuline College, 2550 Lander Rd, Pepper Pike, OH 44124. Ursuline College is a small college located in Pepper Pike, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,430 students and an admission rate of 43%. Ursuline College has a bachelor's degree program in Accounting which graduated one student in 2008.

Brown Mackie College-Akron - Akron, OH

Brown Mackie College-Akron, 755 White Pond Drive, STE 101, Akron, OH 44320. Brown Mackie College-Akron is a small college located in Akron, Ohio. It is a private for-profit school with primarily 2-year programs and has 877 students. Brown Mackie College-Akron has a one to two year and an associate's degree program in Accounting which graduated zero and eleven students respectively in 2008.

Bryant and Stratton College-Eastlake Campus - Eastlake, OH

Bryant and Stratton College-Eastlake Campus, 35350 Curtis Blvd., Eastlake, OH 44095. Bryant and Stratton College-Eastlake Campus is a small college located in Eastlake, Ohio. It is a private for-profit school with primarily 4-year or above programs. It has 709 students and an admission rate of 68%. Bryant and Stratton College-Eastlake Campus has an associate's degree program in Accounting which graduated four students in 2008.

Chancellor University - Cleveland, OH

Chancellor University, 3921 Chester Avenue, Cleveland, OH 44114. Chancellor University is a small university located in Cleveland, Ohio. It is a private for-profit school with primarily 4-year or above programs. It has 381 students and an admission rate of 99%. Chancellor University has less than one year, associate's degree, and bachelor's degree programs in Accounting.

John Carroll University - Cleveland, OH

John Carroll University, 20700 N Park Blvd, Cleveland, OH 44118-4581. John Carroll University is a small university located in Cleveland, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,826 students and an admission rate of 80%. John Carroll University has a bachelor's degree and a master's degree program in Accounting which graduated zero and one students respectively in 2008.

Cleveland State University - Cleveland, OH

Cleveland State University, 2121 Euclid Avenue, Cleveland, OH 44115-2214. Cleveland State University is a large university located in Cleveland, Ohio. It is a public school with primarily 4-year or above programs. It has 15,010 students and an admission rate of 74%. Cleveland State University has a bachelor's degree and a master's degree program in Accounting which graduated one and twenty-three students respectively in 2008.

Bohecker College - Ravenna, OH

Bohecker College, 653 Enterprise Parkway, Ravenna, OH 44266. Bohecker College is a small college located in Ravenna, Ohio. It is a private for-profit school with primarily 2-year programs. It has 448 students and an admission rate of 95%. Bohecker College has an associate's degree program in Accounting which graduated thirty students in 2008.

Notre Dame College - Cleveland, OH

Notre Dame College, 4545 College Rd, Cleveland, OH 44121-4293. Notre Dame College is a small college located in Cleveland, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,599 students and an admission rate of 40%. Notre Dame College has an associate's degree and a bachelor's degree program in Accounting which graduated one and zero students respectively in 2008.

Lakeland Community College - Kirtland, OH

Lakeland Community College, 7700 Clocktower Dr, Kirtland, OH 44094-5198. Lakeland Community College is a medium sized college located in Kirtland, Ohio. It is a public school with primarily 2-year programs and has 8,924 students. Lakeland Community College has a one to two year and an associate's degree program in Accounting which graduated six and six students respectively in 2008.

Lake Erie College - Painesville, OH

Lake Erie College, 391 W Washington St, Painesville, OH 44077-3389. Lake Erie College is a small college located in Painesville, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,059 students and an admission rate of 62%. Lake Erie College has a bachelor's degree program in Accounting which graduated two students in 2008.

Bryant and Stratton College-Parma - Parma, OH

Bryant and Stratton College-Parma, 12955 Snow Rd, Parma, OH 44130-3151. Bryant and Stratton College-Parma is a small college located in Parma, Ohio. It is a private for-profit school with primarily 4-year or above programs. It has 645 students and an admission rate of 40%. Bryant and Stratton College-Parma has an associate's degree program in Accounting which graduated three students 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: Cleveland, Ohio

Cleveland, Ohio
Cleveland, Ohio photo by FlickreviewR

Cleveland is situated in Cuyahoga County, Ohio. It has a population of over 433,748, which has shrunk by 9.3% over the last ten years. The cost of living index in Cleveland, 81, is well below the national average. New single-family homes in Cleveland are valued at $94,100 on average, which is far less than the state average. In 2008, one hundred nine new homes were built in Cleveland, down from one hundred eighty-four the previous year.

The three big industries for women in Cleveland are health care, accommodation and food services, and educational services. For men, it is metal and metal products, construction, and accommodation and food services. The average travel time to work is about 26 minutes. More than 11.4% of Cleveland residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 3.8%, is lower than the state average.

The unemployment rate in Cleveland is 10.5%, which is greater than Ohio's average of 10.0%.

The percentage of Cleveland residents that are affiliated with a religious congregation, 57.8%, is more than both the national and state average. Hellenic Orthodox Church of the Annunciation, Abyssinia Baptist Church and Highland Christian Church are among the churches located in Cleveland. The largest religious groups are the Catholic Church, the United Methodist Church and the American Baptist Churches in the USA.

Cleveland is home to the Mastick Woods Golf Course and the Dock Number 32 as well as Shaker Square Historic District and Newton Avenue Historic District. Shopping malls in the area include Shaker-Moreland Shopping Center, Shaker Square Shopping Center and Clark West 30th Shopping Center. Visitors to Cleveland can choose from Hilton Garden Inn Cleveland Gateway, Airport Sheraton and Extended Stayamerica for temporary stays in the area.