Twdb - 24-96 - Financial Compliance Examiner

4 weeks ago


Austin, United States TEXAS WATER DEVELOPMENT BOARD Full time

**TWDB - 24-96 - Financial Compliance Examiner (Financial Examiner I)** **(**00041942**)**

**Organization**: TEXAS WATER DEVELOPMENT BOARD

**Primary Location**: Texas-Austin

**Work Locations**: TWDB Stephen F Austin Bldg 1700 Congress Ave PO Box 13231 Austin 78711

**Other Locations**: Texas-Remote Within Texas

**Job**: Business and Financial Operations

**Employee Status**: Regular

**Schedule**: Full-time

**Standard Hours Per Week**: 40.00

**Travel**: Yes, 25 % of the Time

**State Job Code**: 1100

**Salary Admin Plan**: B

**Grade**: 17

**Salary (Pay Basis)**: 3,331.34 - 3,750.00 (Monthly)

**Number of Openings**: 1

**Overtime Status**: Exempt

**Job Posting**: May 15, 2024, 8:58:14 AM

**Closing Date**: Ongoing

**Description**

**Salary commensurate with education and or experience**

**TEXAS WATER DEVELOPMENT BOARD’S MISSION**

Leading the state’s efforts in ensuring a secure water future for Texas.

**WORKING AT THE TWDB**

See why our work makes an impact and why the TWDB is a great place to work

The Texas Water Development Board (TWDB) endorses telecommuting and hybrid workplace plans, in addition to other flexible work alternatives. We offer competitive compensation and benefits package including medical, dental, vision, 401(k), flexible spending, and flexible work hours so you can have a work/life balance For more information about these benefits and more visit:
**MILITARY EMPLOYMENT PREFERENCE**

Veterans, Reservists or Guardsmen with an MOS or additional duties that fall in the fields of 36A Financial Manager, FIN10 Finance, and 6F0X1 Financial Management and Comptroller, or other related fields pertaining to the minimum experience requirements may meet the minimum qualifications for this position and are highly encouraged to apply.

**Job Description Summary**

Performs entry-level financial examination, analysis, and compliance monitoring work. Work involves conducting examinations to determine and report on financial condition and compliance with statutory requirements, and financing/lending agreements. Conducts financial and compliance review of local entities for which the Texas Water Development Board (TWDB) serves as lender or grantor. May train others. Works under close supervision, with mínimal latitude for the use of initiative and independent judgment. Reports to the Director of the Financial Compliance Division.

**Essential Job Functions**
- Conducts financial examinations with the assistance of others.
- Conducts financial reviews of entities that have received financial awards from TWDB.
- Evaluates recorded assets, liabilities, surpluses, and capital for compliance with statutes, rules, and regulations.
- Conducts financial compliance and stability reviews of municipalities for which the TWDB serves as bondholder, identifying instances of noncompliance and/or default risk.
- Verifies the accuracy of records, work papers, and related financial statements.
- Determines proper documentation and adequate procedures.
- Detects and records variances from policies, procedures and borrowing covenants.
- Assesses findings of noncompliance and default risk.
- Recommends corrective action plans and strategies for remedial intervention and surveillance.
- Prepares worksheets and summaries of financial examinations.
- Conducts reviews TWDB loan recipients to ensure compliance with loan covenants.
- Reviews borrowers’ ordinances, private placement memorandums, and financial documentation to determine compliance with TWDB requirements.
- Prepares and updates reports produced by TxWISE (TWDB internal operating system platform).
- Responsible for timely and accurate data entry associated with all assigned work.
- Maintains confidential and sensitive information.
- Ensures individual and team files (electronic and hard versions) are appropriately maintained and timely disposed of in accordance with the agency’s records retention procedures and schedule.
- Maintains required certifications and licenses and meets the continuing education needs and requirements of the position to include, attending mandatory training courses.
- May be required to operate a state or personal vehicle for business purposes.
- Performs other duties as assigned.

**Qualifications**

**Minimum Qualifications**
- Graduation from an accredited four-year college or university with major coursework in Business Administration, Finance, Accounting, Economics, Insurance, or related field.
- Experience with financial examinations, accounting, or auditing.
- Relevant education and experience may be substituted on a year-for-year basis.

**Preferred Qualifications**
- Undergraduate degree or MBA from an accredited college or university with a specialization in Accounting, Finance, Public Administration, Public Finance, Computer Science and/or Math.
- One or more years of experience as a financial examiner.
- Certification in one or more of the following areas: Accredited Financial Examiner (AFE), Certified Fina



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