State of Maryland

FINANCIAL NON-DEPOSITORY EXAMINER LEAD/ADVANCED (#000281)

- Hourly / - BiWeekly /
- Monthly / $53,214.00-$85,398.00 Yearly


GRADE

18

CLASS ATTRIBUTES

SKILLED SERVICE      BARGAINING UNIT: G

NATURE OF WORK

A Financial Non-Depository Examiner, Lead is the lead level of financial examination work.  Employees in this classification examine the accounts, records, consumer transactions and business practices of non-depository financial institutions (i.e., consumer loan, sales finance, installment loan, mortgage lenders, collection agencies, check cashiers, money transmitters and debt management companies) primarily located at the business’ headquarters.  Employees in this classification perform complete examinations designed to ensure that the financial institutions are in compliance with laws and regulations governing their operations or individual compliance reviews resulting from the receipt of consumer complaints.  Employees in this classification assign, review and approve the work of and train lower-level Financial Non-Depository Examiners.

Employees in this classification receive general supervision from a Financial Non-Depository Examiner Supervisor.  The work may require travel throughout the State and in some instances the United States, including overnight travel.

Positions in this classification are evaluated by using the classification job evaluation methodology.  The use of this method involves comparing the assigned duties and responsibilities of a position to the job criteria found in the Nature of Work and Examples of Work sections of the class specification.

The Financial Non-Depository Examiner Lead is differentiated from the Financial Non-Depository Examiner II in that the Financial Non-Depository Examiner Lead assigns, reviews and approves the work of and trains lower-level Financial Non-Depository Examiners while the Financial Non-Depository Examiner II performs the full range of duties and responsibilities under general supervision.  The Financial Non-Depository Examiner Lead is differentiated from the Financial Non-Depository Examiner Supervisor in that the Financial Non-Depository Examiner Supervisor has supervisory responsibility for lower-level Financial Non-Depository Examiners.

EXAMPLES OF WORK

Assigns, reviews and approves the work of and trains lower-level Financial Non-Depository Examiners;

Provides advice and guidance to lower-level Financial Non-Depository Examiners in all facets of the examination process;

Examines the records and accounts of non-depository financial institutions to ensure compliance with laws and regulations;

Examines collateral to loans to determine its value;

Audits all aspects of insurance products, such as placements, service charges, payments, homeowners insurance, voluntary unemployment, title and non-filing insurance issued by non-depository companies;

Examines all repossessions for proper compliance with rights of redemption, accounting of sale proceeds and determination as to a bona-fide sale;

Examines all facets of foreclosures of real property, including reconciling balances to account for charges and expenses incurred during the sale;

Reviews, analyzes and investigates consumer complaints;

May determine the financial condition of institutions to protect consumers;

May prepare schedules and work papers detailing the financial condition, level of compliance and all other policies and practices of the non-depository institution;

May rate the overall financial condition of non-depository institutions by applying the appropriate standards;

May rate the quality of loans and lending practices of non-depository institutions by applying the appropriate standards;

May determine and verify the value of investment portfolios;

May prepare draft reports of examinations and review findings for final approval;

May rate the level of compliance with the various consumer protection laws by applying the appropriate standards;

May analyze mortgage loans for predatory lending practices such as property flipping, inflated loans, over-valued appraisals and verification of income sources for the protection of consumers;

May research trend analysis of complaints against licensees in order to conduct targeted examinations and develop examination findings for violations of State or federal laws, rules and regulations;

May research and draft responses on proposals, such as the interpretation of statutes, from various entities or attorneys, pertaining to State or federal laws, rules and regulations;

May respond to emergencies, such as foreclosure attempts by licensees, emerging issues, and current issues; by developing strategies and recommending ways to effectively resolve the issues;

Performs other related duties.

KNOWLEDGE, SKILLS AND ABILITIES

Knowledge of the laws and regulations governing all non-depository institutions licensed to operate in Maryland;

Knowledge of the theory, principles and practices of auditing and accounting;

Knowledge of lending policies and practices, loan underwriting procedures and credit administration practices;

Knowledge of business practices and procedures of non-depository institutions;

Knowledge of computerized financial reporting and accounting systems;

Skill in using automated data processing information systems, personal computers and software related to examinations;

Skill in evaluating the accuracy, adequacy and propriety of manual and computerized accounts and reports generated from financial transactions;

Skill in interpreting and applying governing laws, rules, regulations and procedures to specific situations;

Skill in analyzing records and developing specific information associated with the purpose of the examination;

Skill in preparing complete and accurate work papers and narrative reports;

Ability to establish and maintain effective working relationships with other examiners, agency staff, agency management personnel, representatives from the financial services industry, attorneys, and federal officials.

MINIMUM QUALIFICATIONS

Education:   A Bachelor’s degree from an accredited college or university including or supplemented by a total of 24 credit hours in business administration, finance, economics, law, criminal justice or accounting. These credit hours must include a minimum of 6 credit hours in either accounting or auditing.

Experience: Four years of experience examining or auditing the accounts, records and business practices of non-depository financial institutions or in managerial or professional work in the financial services, consumer loan, sales finance, installment loan, mortgage lenders, collection agencies, check cashiers, money transmitters, debt management and/or law enforcement industries.

Notes:

1. Applicants may substitute regulatory, investigatory, managerial or professional experience in the financial services industry, consumer credit industry, mortgage lending industry, accounting or auditing work or State or federal experience regulating the above industries or in law enforcement on a year-for-year basis for the required education.

2. Candidates may substitute the possession of a Juris Doctor degree from an accredited law school, a certificate as a Certified Public Accountant, or a Master’s degree in business administration or accounting from an accredited college or university may be substituted for one year of the required experience.

3. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in logistics specialist classifications or administrative support specialty codes in the financial management or auditing fields of work on a year-for-year basis for the required education and experience.

LICENSES, REGISTRATIONS AND CERTIFICATIONS

Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator’s license valid in the State of Maryland.

SPECIAL REQUIREMENTS

Employees in this classification may be required to attend advanced formal training classes. The purpose of this training is to maintain professional job specific proficiency and current knowledge. Some training classes are out-of-State and may require overnight stays.

ACKNOWLEDGEMENTS

Class specifications are broad descriptions covering groups of positions used by various State departments and agencies. Position descriptions maintained by the using department or agency specifically address the essential job functions of each position.

This is a Skilled Service classification in the State Personnel Management System.  All positions in this classification are Skilled Service positions.  Some positions in Skilled Service classifications may be designated Special Appointment in accordance with the State Personnel and Pensions Article, Section 6-405, Annotated Code of Maryland.

This classification is assigned to Bargaining Unit G- Engineering, Scientific and Administrative Professional classes.  As provided by State Personnel and Pensions Article, Section 3-102, special appointment, temporary, contractual, supervisory, managerial and confidential employees are excluded from collective bargaining.  Additionally, certain executive branch agencies are exempt from collective bargaining and all positions in those agencies are excluded from collective bargaining. 

Date Established

Jan 1 2008 12:00AM

Date Revised

February 22, 2019 

Approved By

Director, Division of Classification and Salary

CLASS: 000281; EST: 1/1/2008; REV: 2/22/2019;

Powered by JobAps