Financial Examiner I Position at Texas Water Development Board

3 weeks ago


Metairie, United States TEXAS WATER DEVELOPMENT BOARD Full time
Job Summary

The Texas Water Development Board (TWDB) is seeking a Financial Examiner I to join our team. As a Financial Examiner I, you will be responsible for conducting financial examinations, analysis, and compliance monitoring work. This role involves conducting examinations to determine and report on financial condition and compliance with statutory requirements, and financing/lending agreements. You will also conduct financial and compliance review of local entities for which the TWDB serves as lender or grantor. May train others. Works under close supervision, with minimal latitude for the use of initiative and independent judgment. Reports to the Director of the Financial Compliance Division.

Key Responsibilities
  • 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.


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