Examiner IV Description - Non-Depository Division


The examiner in this entry-level position performs a variety of consumer credit compliance duties, traveling throughout a specified region within the State. The position requires extensive overnight travel and the candidate must be willing to reside at a location acceptable to Department Management. These duties will include examination procedures, which determine a regulated institution’s compliance with State, and federal laws under six different statutes.

The examiner will participate in examinations of various types to determine the overall level of compliance of an institution, to prepare the report of examination, and make recommendations to assist in eliminating violations.

  • Application of the time value of money to licensed lenders and consumer credit sales type exams.
  • Risk focused creditor review scheduling
  • Target consumer credit records for compliance with the Indiana Uniform Consumer Credit Code and related federal regulations.
  • Determination of possible usury violations
  • Analyze auto dealer reserve statements
  • Extensive review of contractual provisions of various types of credit related contracts under six different statutes for compliance

I. Job Requirements

  • Specialized knowledge of accounting;
  • Basic knowledge of laws, regulations, precedents, accepted operating procedures and bookkeeping methods pertaining to financial institutions, and of court decisions pertaining to their area of specialization;
  • General knowledge of all laws pertaining to financial institutions;
  • General knowledge of new developments in the industry and the ability to adapt work procedure accordingly;
  • Ability to gain cooperation of financial institution officials and directors;
  • Ability to make oral and written reports clearly, concisely and effectively;

II. Difficulty of Work

Must perform work in compliance with State and Federal laws and Department rules and regulations; and be able to interpret these in answering numerous technical and moderately complex questions that may arise in the course of examining financial institutions and retail businesses that extend credit.

III. Responsibility

Institutions’ assignments are made by the field supervisor with the responsibility of making job assignments delegated to the examiner-in-charge of the examination. Review of work is done upon completion of the assigned tasks. Incumbent works under relatively general supervision with minor deviations from established practices and procedures discussed on a discretionary basis. When assigned, the incumbent has primary responsibility for the final report on the examination, for negotiating a settlement of existing problems, or for requesting administrative or judicial actions on unresolved problems.

IV. Personal Work Relationships

Primary contacts are with officers, directors and chief fiscal personnel of financial institutions. Contact with executives at retail entities who sell goods or services on credit requires advanced communication skills.

V. Personal Requirements

Applicants must have a minimum educational level of a Bachelors degree in Business Administration, Economics, Finance, Accounting or a related area. In lieu of the higher educational requirement, experience in a responsible position within the financial industry may be substituted on a year for year basis up to four years.
  • Ability to type completed reports for submission to the Department;
  • Ability to obtain a driver’s license;
  • Ability to obtain personal transportation;
  • Ability to travel within the State of Indiana.