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Financial examiners play an essential role in modern organizations, as theyre responsible for ensuring the organization complies with all the laws regulating how an institution can handle monetary transactions. Tax Examiners and Collectors, and Revenue Agents, Credit intermediation and related activities, Securities, commodity contracts, and other financial investments and related activities, State government, excluding education and hospitals, Monitor the financial condition of banks and other financial institutions, Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities, Prepare reports that detail an institution's safety and soundness, Examine the minutes of meetings of managers and directors, Train other examiners in the financial examination process, Review and analyze new regulations and policies to determine their impact on the organization, Establish guidelines for procedures and policies that comply with new and revised regulations. As with any other occupation, the demand for a financial examiner is expected to increase. The top earners in this field can earn up to Following is everything you need to know about a career as a financial examiner with lots of details. Attrition rate decreased from 6% in 2016 to 4% in 2020. You can expect to earn a median annual salary of $92,730. Skills Interviewers Look For In Successful Candidates. Ready to take the next step? The median annual wage for financial examiners is $81,410. If you decide to use visual aids, be certain to adhere to the standards we have studied previously in this course. To qualify for the CFE designation Financial Examiner or Financial Analyst, you must: In addition to the educational requirements of the AFE designation you must have successfully completed three semester hours of a Management course from an accredited college or university or its demonstrable equivalent, and you must provide evidence of the successful completion of this course by either a certificate of completion or a college transcript. When working as a financial analyst, you will be surrounded by like-minded individuals with goals that align with yours. Before we drill into additional specifics, lets clear up one common misconception about financial examiners, which is that some people think they serve the same role as financial analysts, but thats not true. SOFE 3505 Vernon Woods Road Summerfield, NC 27358 Tel: 336-365-4640 Fax: 336-644-6205. After youve learned everything you need to know about becoming a financial examiner, fill out our information request form to receive additional details about our online Bachelors Degree in Accounting, a program thats designed to provide you with all the skills and abilities you need to succeed in this challenging role. CFE Exam Structure Secondly, you can work as a risk management analyst. Of those with formal succession plans, only thirteen percent manage less than $50 million in assets. Both certifications are widely recognized and offer many career paths.