Utility Service Worker

Minimum Qualifications

Under immediate supervision, is responsible for professional financial institution or insurance company examination work of routine difficulty; and performs related work as required.

DEPARTMENT OF FINANCIAL INSTITUTIONS

Under immediate supervision, is responsible for professional financial institution or insurance company examination work of routine difficulty; and performs related work as required.

This is the entry level class to a variety of sub-series. An employee in this class functions in a training capacity in learning to review and analyze the financial statements and operations of either state‑chartered financial institutions or insurance companies licensed to operate in Tennessee. An employee in this class is assigned to function in an entry level learning capacity in any one of several assignments, and when sufficient expertise is gained the employee is given the opportunity for advancement to one of the following classes as a working level professional:
Bank Examiner 2, Credit Union Examiner 2, Loan Examiner 2, or Insurance Examiner 2. Initially work is closely supervised, but as knowledge and experience are gained supervision becomes more general. This class differs from higher level classes, pertinent to the various assignments, in that incumbents of the latter function at the full working level under general supervision.

• An applicant appointed to this flexibly staffed class will be reclassified to the next higher class in the series after successful completion of a mandatory one‑year training period; inadequate or marginal performance during the training period will result in automatic demotion or termination.

• Learns to audit and examine financial records of banks, credit unions, saving and loan institutions, and other financial institutions or insurance companies to determine solvency and to insure compliance with accepted accounting principles and practices and adherence to pertinent state laws, rules and regulations.
• Learns to conduct test checks and samplings of income and disbursement items and accounts maintained during the period examination in order to determine statutory compliance and the use of sound business practices.
• Learns to verify financial institutions' assets and liabilities; reconciles financial statements and analyzes information on earnings, dividends, and the ratio of capital to fixed assets and total deposits.
• Learns to examine corporate structure, managerial practices, investment practices, and record‑keeping procedures and methods in order to identify any existing unsound business practices.
• Learns to prepare detailed and complex examination narrative reports and supporting financial and statistical documents identifying legal, financial and administrative problems or discrepancies and recommending methods of improvement.
• Learns to establish and maintain a variety of personal contacts with financial institution executives or insurance company executives and other personnel, accountants, examiners, departmental associates and supervisory staff and the public in order to suggest solutions and resolve problems uncovered in examinations and explain, interpret and enforce departmental policies and procedures and federal and state laws, rules and regulations governing the financial institution or insurance industry.

Education and Experience
:
Graduation from an accredited college or university with a bachelor's degree in finance, business administration, accounting, or any other remaining business, mathematics, statistics, actuarial science, or computer science degree with at least nine quarter hours in accounting.

Substitution of Experience for Education
:
Professional examining, accounting or auditing of financial records and management practices, or related professional financial/insurance experience in risk or policy/procedure analysis may substitute for the required education, including the accounting course work, on a year‑for‑year basis, to a maximum of four years.

A valid motor vehicle operator's license is…