CREDIT UNION EXAMINER Job in Baltimore, Maryland US

CREDIT UNION EXAMINER

Invest in your nation's future, make a difference in your community...gain from the experience. At the National Credit Union Administration (NCUA) you're not just a number, working to make quotas or improve the bottom line, you have the opportunity to make a difference. NCUA is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States Government. This position receives on-the-job training as a field examiner. The training assignments prepare you to manage, supervise and conduct examinations for a district of federal and federally-insured state credit unions. This position is in a bargaining unit. Multiple positions may be filled from this announcement. KEY REQUIREMENTS You must be a U.S. Citizen. Position requires travel over 50% of the time. Suitable adjudication of a Background/Security Investigation is required. Relocation expenses are not authorized. A probationary period is required. A mobility agreement is required. DUTIES: Back to top Serves in a developmental position with assignments/training directed toward providing the capability of eventually performing the full scope of Credit Union Examiner duties. Works under the close supervision of the Supervisory Examiner who oversees on-the-job training, furnishes advice and is available for consultation. On the job training includes an initial overview of basic examination work methods, techniques and procedures, the financial principals and operating practices normally used, reading assignments pertaining to the laws, regulations, policies and directives which govern the operation of federal and federally insured credit unions. Plans, conducts, and completes examinations of federally chartered and federally insured credit unions. Obtains and protects confidential credit union data. Analyzes credit union data prior to examination to identify areas of examination concentration and the persistency of previous problems. QUALIFICATIONS REQUIRED: Back to top For the Grade 7: One full year of specialized experience equivalent to CU/GS-05 level that has equipped the applicant with the particular knowledge, skills, and abilities to perform successfully the duties of the position, and that is typically in or related to the work of the position to be filled. This experience must have included preparing or analyzing financial statements and posting and/or balancing general ledger accounts in accordance with Generally Accepted Accounting Principles (GAAP) and auditing work involved with examination and appraisal of financial records or statements for completeness and internal accuracy in accordance with Generally Accepted Auditing Standards. Examples of qualifying experience include: responsible work at a financial institution that required analyzing financial statements or analyzing and recommending action on loan applications; examination or audit of a credit union or a financial institution; responsible accounting or auditing work involved with examination and appraisal of financial records or statements for completeness and internal accuracy. For the Grade 9: One full year of specialized experience equivalent to CU/GS-07 level that has equipped the applicant with the particular knowledge, skills, and abilities to perform successfully the duties of the position, and that is typically in or related to the work of the position to be filled. This experience must have included assignments involved in the examination and auditing of credit unions or financial institutions through detailed examinations of accounting documents to verify accuracy of computations and to ascertain that all transactions are properly supported and are in accordance with pertinent laws and regulations. Examples of qualifying experience in planning, conducting and completing examinations and audits of financial institutions include assisting in: analyzing current and potential financial condition to determine financial soundness and level of risk; appraising quality of management, assuring compliance with law and regulation, and determining level of risk; identifying, determining causes, and evaluating areas of concern, risks, inefficiencies, and violations of law and regulation; resolving conflicts, making recommendations for correcting areas of concern, and developing a plan of action to control or reduce risks and prevent significant losses such as modifying the accounting systems, revising underwriting standards, and improving management information systems, reporting systems, and internal controls. Applications can be accepted from students who expect to complete qualifying education within 9 months from the date of application. However, we must verify that this education was completed successfully before you can be appointed. If you are qualifying based on education, all academic degrees and coursework must be from an accredited institution and you must submit copies of transcripts with your application. To qualify for the CU-07 position based on education, you must meet one of the following qualification requirements: Completion of a full 4-year course of study leading to a bachelor's degree or higher degree in Economics, Accounting, Business, Business Administration, Finance, Marketing, or other directly related business field. This education must have included 6 Semester Hours of coursework in Accounting (or equivalent courses) and 3 Semester Hours of coursework in Introductory Auditing (or an equivalent course) for a total of 9 Semester Hours that provided instruction in the following: A. Basic accounting concepts and theories and the essentials of the accounting process (i.e., income determination and financial position; a fundamental understanding of the general ledger and subsidiary ledgers; evaluation of adjusting, closing, and correcting entries; analysis of financial statements and bank statement reconciliation; understanding of accrual and cash methods; awareness of Generally Accepted Accounting Principles); AND B. External financial reporting with emphasis on balance sheet valuations and their relationship to income determination; AND C. Principles of finance and their application to typical financial problems of business enterprises such as the measurement and disclosure problem associated with cash, receivables, fixed assets, and intangibles. Special emphasis on financial analysis, management of working capital, cost of capital, capital budgeting, long-term financing, dividend policy, and internal financing; AND D. Fundamental auditing concepts, such as, internal controls, separation of duties, independence of judgment, and verification of accounts; awareness of Generally Accepted Auditing Standards. In addition to the above degree/coursework requirement, you must also meet ONE of the following which indicates Superior Academic Achievement: Class standing: Upper third of the graduating class of in the college, university, or major subdivision, such as College of Liberal Arts or the School of Business Administration, based on the completed courses. Grade point average: A grade point average of (a) 3.0 or higher out of a possible 4.0 as recorded on the official transcript or as computed based on four years of education, or computed based on courses completed during the final two years of the curriculum; or (b) 3.5 or higher out of a possible 4.0 based on the average of the required courses completed in the major field or the required courses in the major field completed during the final two years of the curriculum. Grade point averages will be rounded to one decimal place. For example, 2.95 = 3.0. Election to membership in a National Scholastic Honor Society: Applicants may be considered eligible based on membership in one of the national scholastics honor societies. Freshman schola