Class Code: 00420
IOWA DEPARTMENT OF ADMINISTRATIVE SERVICES –
HUMAN RESOURCES ENTERPRISE
CREDIT UNION EXAMINER
DEFINITION
Conducts audits by examining the records and financial
statements of state chartered credit unions for accountability to state laws
and regulations; performs related work as required.
The Work Examples and Competencies listed are for illustrative purposes only and not intended to be the primary basis for position classification decisions.
WORK EXAMPLES
Conducts independent examinations by applying
auditing and accounting principles and techniques to examine loans, evaluate
investments, reconcile general ledger accounts, analyze earnings, expenses,
dividends and reserves, and verify outstanding member accounts.
Examines all loans by reviewing current loan folders
for the presence of supporting documents such as application, note disclosure
form, title and lien, financing statement, and loss payable clause; classifies
delinquent loans as substandards, doubtful, or loss in order to establish a
relationship between length of delinquency and probability of collection.
Evaluates all investments owned by preparing a
detailed listing of name, account, kind, date of purchase and maturity, rate,
and book value to determine conformity to legal requirements; computes an
estimated market value if the investment is a government security.
Reconciles the general ledger cash share, deposit, and
loan accounts from the last examination to the present examination.
Analyzes earnings, expenses, dividends, and legal,
contingent and special reserve accounts by preparing transcripts and utilizing
accounting techniques.
Verifies outstanding accounts by sampling a percentage
of these accounts through correspondence with members to control embezzlement
and provide protection of members' accounts.
Reviews policies established by the credit union by
obtaining and reading board minutes for conformance to applicable laws and
regulations.
Discusses findings of the examination with credit
union board of directors.
Prepares a typewritten examination report by compiling
work sheets and records of conclusions and recommendations to, and review by, a
higher level examiner.
Displays high standards of ethical conduct. Exhibits honesty and integrity while refraining from theft-related, dishonest or unethical behavior.
Works and communicates with internal and external
clients and customers to meet their needs in a polite, courteous, and
cooperative manner. Committed to
quality service.
COMPETENCIES REQUIRED
Knowledge of the principles and practices of
accounting and auditing.
Knowledge of the principles of business law.
Knowledge of the principles of business, personal, and
agricultural finance.
Ability to read, comprehend and apply appropriate
credit union laws and regulations.
Ability to analyze and interpret credit union
accounting and financial data.
Ability to express ideas effectively, orally and in
writing.
Ability to type, not requiring the touch system,
where accuracy rather than speed is important.
Ability to make arithmetical calculations rapidly and
accurately, either manually or by machine.
Ability to "catch on" or understand
instructions and underlying principles.
Ability to reason and make judgments.
Displays high standards of ethical conduct. Exhibits honesty and integrity while refraining from theft-related, dishonest or unethical behavior.
Works and communicates with internal and external
clients and customers to meet their needs in a polite, courteous, and
cooperative manner. Committed to
quality service.
Displays a high level of initiative, effort and
commitment towards completing assignments efficiently. Works with minimal supervision, demonstrates
responsible behavior and attention to detail.
Responds appropriately to supervision. Makes an effort to follow policy and
cooperate with supervisors.
Acts to align one’s behavior with the needs,
priorities and goals of the organization.
Encourages and facilitates cooperation, pride, trust,
and group identity. Fosters commitment
and team spirit.
Expresses information to individuals or groups effectively, taking into account the audience and nature of the information. Listens to others and responds appropriately.
EDUCATION, EXPERIENCE, AND SPECIAL
REQUIREMENTS
Graduation from an accredited college or university
with a minimum of twelve semester hours (or its equivalent) in accounting,
business administration or finance;
OR
substitution
of work experience in the public or private sector which entailed accounting,
auditing, budgeting, assessment or computation of taxes, or closely related
financial functions (e.g., treasurer, comptroller, accountant, auditor, budget
analyst, etc.) on a year-for-year basis for the required education (thirty
semester hours or its equivalent equals one year);
OR
substitution
of successful completion of a post-high school vocational/ technical, business
college, or area community college curriculum in accounting which included
concentrated course work equivalent to twenty semester hours (or more) in
accounting for the required education;
OR
employees
with current continuous experience in the state executive branch that
includes experience equal to twelve months as a Revenue Examiner 1 or Junior
Insurance Company Examiner;
OR
employees
with current continuous experience in the state executive branch that
includes experience equal to twelve months as a Revenue Agent 1 (must also have
twelve semester or equivalent hours of post high school accounting course
work).
For designated positions, the appointing authority,
with Iowa Department of Administrative Services – Human Resources Enterprise
prior approval, may request those applicants possessing a minimum of twelve
semester hours or education, six months of experience, or combination of both,
or a specific certificate, license, or endorsement in the following areas:
002 Accounting
061 Business
Administration
210 Finance
Applicants
desiring to be considered for such designated positions must list applicable
course work, experience, certificate, license, or endorsement on the
application.
NOTE:
Travel may be required for positions in this
class. Employees must arrange
transportation to and from assigned work areas.
NOTE:
Positions in this class are exempt from the screening
and referral requirements of the Iowa Department of Administrative Services –
Human Resources Enterprise. Apply
directly to the Credit Union Division of the Iowa Department of Commerce.
Effective
Date: 12/98 BW