DOB- Financial Examiner -II; PFC​/PCC Examiner

Working Title:

State Classification:

Financial Examiner I – II

Class No. / Sal Grp:

U1100/U1102, EE00

Monthly Salary:

Financial Examiner I: $5,910.00

Financial Examiner II: $6,528.00

(Salary and Classification Commensurate with Experience.)

Location:

Houston or Dallas

FLSA Status:

Non-Exempt

Overnight Travel:

Extensive Travel – at least 50%

The mission of the Texas Department of Banking is to ensure Texas has a safe, sound, and competitive financial services system.

Financial Examiners perform highly responsible financial examinations of the Prepaid Funeral Contract (PFC) and Perpetual Care Cemetery (PCC) industries. Examiners perform entry-level examinations to examinations of increasing complexity and responsibility. Work involves examining accounting records to ensure compliance with applicable statutes and regulations and reports to the Deputy Commissioner of Non-Depository Supervision. Works under the guidance of other examiners, with limited latitude for the use of initiative and independent judgment.

• Develops and maintains working knowledge and application of reference materials, which includes the Texas Finance Code, Texas Administrative Code, Texas Health and Safety Code, Departmental memorandums, and PFC/PCC procedures and training manuals.
• Assists with or conducts independent examinations of PFC and PCC entities.
• Determines proper depositing and segregation of PFC and PCC funds into trust accounts and reviews all withdrawals.
• Reviews and evaluates PFC deposits and withdrawals to ensure compliance with applicable laws and regulations.
• Reviews files for compliance with record keeping requirements.
• Examines bank/trustee statements and other financial records.
• Reviews and evaluates trust investments of regulated entities to ensure compliance with applicable laws and regulations.
• Reviews and evaluates the financial condition of the regulated entities to ensure compliance with the statutory guidelines.
• Reviews and evaluates the internal controls associated with PFC/PCC operations.
• Performs visual inspection of cemetery grounds.
• Determines the overall condition of the regulated entities, assigns a uniform rating, and presents conclusions and findings to the regulated entity’s management.
• Prepares PFC/PCC examination reports in a timely manner and submits to supervisor.
• Achieves proficiency with Departmental approved computer applications and programs to accomplish job duties.
• Demonstrates leadership, organization, and time management skills.
• Prepares neat and orderly working papers to document examination procedures and to support findings.
• Participates in discussions on changes and improvements to examination procedures, rules, and laws and makes recommendations to Departmental management.
• Performs investigative, analytical, and administrative duties as assigned.
• Assists with team examinations.
• Assists with seizures of troubled or unlicensed entities as assigned.
• Performs monthly, quarterly, and annual examination scheduling projections to ensure entities are examined according to statute.
• Monitors personal progress to ensure budgeted goals are met.
• Completes assigned tasks in a thorough and timely manner.
• Performs other duties as assigned.

• Financial Examiner I:
  • Graduation from an accredited four-year college or university with major course work in finance, accounting, business administration, economics, or job-related field with a minimum of six hours, nine preferred, in accounting to include basic and/or intermediate accounting.
  • Must have a minimum grade point average of 2.50 on a 4.0 scale for accounting hours.
  • Must have a minimum overall grade point average of 2.75 on a 4.0 scale.
  • A graduate degree in finance, accounting, business administration, economics, or job-related field may substitute for an undergraduate degree that is not business related.
• Financial Examiner II:
  • Same educational requirement as the Financial Examiner I.
  • One (1) year of experience in relevant accounting or audit activities.

** Copy of official college transcripts must be…