State of Maryland

A Financial Non-Depository Examiner I is the intermediate 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.  Both examinations and reviews performed by this classification are designed to strengthen the financial integrity of the regulated industry.  Employees in this classification do not supervise other positions.

Employees in this classification receive moderate 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 Trainee, Financial Non-Depository Examiner I and Financial Non-Depository Examiner II are differentiated on the basis of the degree of supervisory control exercised by the supervisor over these employees.  The Financial Non-Depository Examiner Trainee learns to perform duties under close supervision.  The Financial Non-Depository Examiner I performs duties under close supervision at times and under general supervision at other times depending upon the complexity of the specific duty assigned.  The Financial Non-Depository Examiner II performs the full range of duties and responsibilities under general supervision.

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

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

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;

Ability to evaluate the accuracy, adequacy and propriety of manual and computerized accounts and reports generated from financial transactions;

Ability to interpret and apply governing laws, rules, regulations and procedures to specific situations;

Ability to analyze records and develop specific information associated with the purpose of the examination;

Ability to prepare 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.

Experience: Five years of experience, one year 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 and four years of additional 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.

Notes:

1. Candidates may substitute the possession of 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 and one year 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 for the required experience.  These credit hours must include a minimum of 6 credit hours in either accounting or auditing.

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 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 experience. 

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.

This classification is one level in a Non-Competitive Promotion (NCP) series.  NCP promotions are promotions by which employees may advance in grade and class level from trainee to full performance levels in a classification series.  In order to be non-competitively promoted to the next level in a NCP series an employee must: 1) perform the main purpose of the class as defined in the Nature of Work section of the class specification; 2) receive the type of supervision defined in the class specification, and 3) meet the minimum qualifications of the classification.