Career and Education Opportunities for Financial Examiners in Knoxville, Tennessee
Financial examiners can find both educational opportunities and jobs in the Knoxville, Tennessee area. There are currently 550 working financial examiners in Tennessee; this should grow by 21% to about 670 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%. In general, financial examiners enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions.
A person working as a financial examiner can expect to earn about $34 per hour or $71,550 annually on average in Tennessee and about $34 hourly or $70,930 yearly on average in the U.S. as a whole. Earnings for financial examiners are better than earnings in the general category of Accounting and Auditing in Tennessee and better than general Accounting and Auditing category earnings nationally. Financial examiners work in a variety of jobs, including: finance director, home mortgage disclosure act specialist , and community reinvestment act officer .
There are fifteen schools of higher education in the Knoxville area, including three within twenty-five miles of Knoxville 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 Knoxville 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
South College - Knoxville, TN
South College, 3904 Lonas Road, Knoxville, TN 37909-0000. South College is a small college located in Knoxville, Tennessee. It is a private for-profit school with primarily 4-year or above programs. It has 850 students and an admission rate of 100%. South College has an associate's degree program in Accounting which graduated one student in 2008.
Carson-Newman College - Jefferson City, TN
Carson-Newman College, 1646 S Russell Ave, Jefferson City, TN 37760. Carson-Newman College is a small college located in Jefferson City, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,032 students and an admission rate of 71%. Carson-Newman College has a bachelor's degree program in Accounting which graduated six students in 2008.
The University of Tennessee - Knoxville, TN
The University of Tennessee, Circle Park, Knoxville, TN 37996. The University of Tennessee is a large university located in Knoxville, Tennessee. It is a public school with primarily 4-year or above programs. It has 30,406 students and an admission rate of 71%. The University of Tennessee has a bachelor's degree and a master's degree program in Accounting which graduated three and fifty-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: Knoxville, Tennessee
Knoxville is located in Knox County, Tennessee. It has a population of over 184,802, which has grown by 6.3% in the past ten years. The cost of living index in Knoxville, 84, is well below the national average. New single-family homes in Knoxville are valued at $105,300 on average, which is well below the state average. In 2008, two hundred forty-one new homes were built in Knoxville, down from six hundred twenty-seven the previous year.
The three big industries for women in Knoxville are health care, educational services, and accommodation and food services. For men, it is educational services, construction, and accommodation and food services. The average travel time to work is about 20 minutes. More than 24.6% of Knoxville residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.5%, is higher than the state average.
The unemployment rate in Knoxville is 9.0%, which is less than Tennessee's average of 10.2%.
The percentage of Knoxville residents that are affiliated with a religious congregation, 62.0%, is more than both the national and state average. Lincoln Park United Methodist Church, Springhill Baptist Church and Lincoln Park Baptist Church are all churches located in Knoxville. The largest religious groups are the Southern Baptist Convention, the United Methodist Church and the Catholic Church.
Knoxville is home to the Eastern State Hospital Farm and the Berry Hall as well as Volunteer Park and Neyland Stadium. Shopping malls in the area include Clinton Plaza Shopping Center, Walker Springs Plaza Shopping Center and Northgate Plaza Shopping Center. Visitors to Knoxville can choose from Homewood Suites Knoxville West, Days Inn and Days Inn Knoxville West for temporary stays in the area.