Financial Examiner: Consumer Credit
Date Posted: Sep 22, 2025
Requisition ID: 465998
Location:
Columbus, IN, US, 47201
Work for Indiana
Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.
About the Department of Financial Institutions:
The Indiana Department of Financial Institutions (DFI) works to promote growth and prosperity of local Indiana communities through effective and common-sense regulation. We regulate and supervise financial services providers in a manner that protects the interest of depositors, borrowers, shareholders, and consumers.
We seek qualified candidates that embrace a dynamic and high-performing work environment that has well-identified career pathways and significant opportunities to progress throughout the organization.
Role Overview:
The Financial Examiner for Consumer Credit for the Indiana Department of Financial Institutions will be in an entry-level position and travel within a specified region of the State. The position will be in training to learn how to conduct examinations for compliance with state consumer lending and applicable federal regulations in the following @types of institutions: State Chartered Depository Institutions, Licensed Lenders, Non-Lenders (such as car dealerships and other sellers of retail goods that offer financing), Rental Purchase Entities, Pawnbrokers, Debt Management Companies, Mortgage Lenders, Check Cashing, and Money Transmitter Licensees. The position's initial training will focus on non-Lender examinations, and as the examiner role progresses, additional training will be provided.
As a Financial Examiner in the Consumer Credit Division, your day-to-day responsibilities include, but not limited to:
Performing various examination duties related to regulatory compliance for state-chartered Depository Institutions, Licensed Lenders, Non-Lenders, Rental Purchase Entities, Pawnbrokers, Debt Management Companies, Mortgage Lenders, Check Cashing Companies, and Money Transmitter Licensees.
Assisting in evaluating the degree of compliance with governing statutes and regulations.
Preparing examination reports of findings and meeting with officers and managers of the regulated entities to discuss examination findings.
Assisting in developing ways to bring the organization into full compliance with laws and regulations and recommending procedures necessary to maintain compliance.
Salary Statement:
The salary for this position traditionally starts at $53,222.00 but may be commensurate with education or work experience.
A Day in the Life:
The essential functions of this role are as follows:
Depository:
Conduct examinations for large and complex institutions.
Serve as an Examiner-In-Charge (EIC) of Safety and Soundness examinations, especially for high-risk institutions.
Develop examination plans and oversee staff to ensure procedures are followed.
Submit accurate and timely Reports of Examination with minimal errors.
Determine ratings and design corrective programs with guidance.
Identify credit risks through loan review sampling.
Act as the Central Point of Contact (CPC) for complex institutions, using off-site monitoring tools and on-site examinations to identify risks and trends.
Coordinate on-site visits and attend board/management meetings as needed with supervisory approval.
Analyze loan portfolios, assign credit risk, evaluate management systems, and adjust examination scope accordingly.
Consumer Credit:
Conduct regulatory compliance examinations with state and federal consumer credit laws and regulations for the financial entities, focusing on the most complex ones.
Examine complex institutions, including depository institutions, lenders, pawnbrokers, money transmitters, and others, focusing on regulatory compliance.
Serve as Examiner-In-Charge (EIC) to assess compliance with laws and regulations.
Serve as a Subject Matter Expert (SME) on statutes and examination procedures.
Prepare accurate reports, hold findings discussions, and recommend compliance procedures.
Provide guidance to help institutions achieve and maintain full compliance with laws and regulations.
Essential functions of this position require travel on most workdays to inspect, audit, examine, survey, or investigate clients, customers, or other regulated entities and write reports at those sites or employee's home. Employee reports to the agency's office for occasional meetings or events. Number and timing of work hours may vary daily or weekly to accommodate operational needs and staffing concerns at the client's or customer's worksite, minimize expenditures for repeated visits to complete the work, and allocate resources to complete assigned work effectively.
The job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. Other duties, responsibilities, and activities may change or be assigned at any time with or without notice.
This position is exempt from overtime compensation for additional work hours which may be required to complete essential functions or other assigned work. Exempt employees may work more than 75 hours in a pay period without additional compensation and must report a minimum of 75 hours per pay period of work hours and/or paid leave taken to receive their base biweekly salary.
What You'll Need for Success:
You must meet the following requirements to be considered for employment:
Ability to complete the Agency specific training programs.
Broad knowledge of computer applications, including examination software, internal DFI software, and external computer applications used to research, gather, and analyze examination activities.
Ability to conduct and prepare examination reports.
Ability to identify, apply and interpret laws, regulations, and policies applicable to assigned areas, as well as examination policies and procedures including training less experienced examiners.
Ability to analyze and interpret data and records.
Ability to communicate effectively, both orally and in writing.
Ability to exercise both tact and persuasion in dealing with institution managers and staff.
Ability to travel across or within a specified region of the State based on the job assignment.
At the Depository Division - Ability to use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks.
Able to perform essential functions with or without reasonable accommodation.
Supervisory Responsibilities/Direct Reports:
This role may be utilized in a supervisory capacity based on agency needs.
Benefits of Employment with the State of Indiana:
The State of Indiana offers a comprehensive benefit package for full-time employees which includes:
Three (3) medical plan options (including RX coverage) as well as vision and dental plans
Wellness Rewards Program: Complete wellness activities to earn gift card rewards
Health savings account, which includes bi-weekly state contribution
Deferred compensation 457(b) account (similar to 401(k) plan) with employer match
Two (2) fully-funded pension plan options
A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
Up to 15 hours of paid community service leave
Combined 180 hours of paid vacation, personal, and sick leave time off
12 paid holidays, 14 on election years
Education Reimbursement Program
Group life insurance
Referral Bonus program
Employee assistance program that allows for covered behavioral health visits
Qualified employer for the Public Service Loan Forgiveness Program
Free Parking for most positions
Free LinkedIn Learning access
Equal Employment Opportunity:
The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobs@spd.IN.gov.
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