Financial Examiners Salary in MA

Common tasks

• Direct and participate in formal and informal meetings with bank directors, trustees, senior management, counsels, outside accountants, and consultants to gather information and discuss findings.
• Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
• Prepare reports, exhibits, and other supporting schedules that detail an institution's safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions.
• Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
• Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
• Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
• Plan, supervise, and review work of assigned subordinates.
• Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
• Examine the minutes of meetings of directors, stockholders, and committees to investigate the specific authority extended at various levels of management.
• Train other examiners in the financial examination process.