CLASS CODE: 1566
PAY GRADE: 425

CLASS TITLE:FINANCIAL SPECIALIST - SES

ALLOCATION FACTOR(S)

This is work in one of the following areas: (1) preparing fiscal analyses of budgets, assisting in preparing proposed bond issues, preparing debt retirement schedules, insuring compliance with statutes and bond closing documents and performing statistical analyses of investment media and related research data; (2) performing analyses and evaluations of reports and documents of financial institutions submitted to support the necessary and appropriate documentation pertaining to financial solvency, mutual to stock conversions, branching, facilities, mergers, and statutory compliance; (3) performing analyses, evaluations, and audits of reports and records of financial institutions or security dealers, investment advisors, or issuers to ensure compliance with statutes; (4) performing analyses and market valuations of securities pledged to or deposited with the State Treasurer by financial institutions or insurance companies; (5) performing analyses and evaluations of financial reports of Qualified Public Depositories; or (6) performing association or zone financial examinations, as well as routine and priority financial, compliance, operational, and solvency audits of insurance companies to determine compliance with the Florida Statutes and related rules and regulations.

EXAMPLES OF WORK PERFORMED:

(Note: The examples of work as listed in this class specification are not necessarily descriptive of any one position in the class. The omission of specific statements does not preclude management from assigning specific duties not listed herein if such duties are a logical assignment to the position. Examples of work performed are not to be used for allocation purposes.)

  • Prepares fiscal analyses of debt service requirements of outstanding bond issues, determination of monetary time requirements, and investment potentials.
  • Performs or participates in association or zone examinations and financial, performance, compliance and solvency audits in accordance with approved audit/examination program and recognized professional standards.
  • Consults with county and state officials on related matters and with investment bankers regarding market requirements and investment techniques.
  • Prepares debt retirement schedules, statistical analyses of various investment media, and various related research data.
  • Defines the scope of assignment and develops initial audit plans for assignments.
  • Reviews and analyzes financial and economic reports, documents, and records of financial organizations or savings and loan associations.
  • Prepares reports concerning financial solvency, absence of conflict of interest, integrity of security for loans, types of loans and investments, and reports of evaluation of accounting practices and procedures.
  • Reports on current conditions, future outlooks, recognizable trends, and researches data as required.
  • Evaluates general operations including internal control of entity being examined and determines adequacy or material weakness.
  • Reviews trust indentures, loan agreements, investment agreements, offering statements and other closing documents for acceptability prior to closing.
  • Consults with counsel trustees, underwriters, accountants and auditors regarding interpretation of various investment documents.
  • Acts as examiner-in-charge performing examinations or audits when required.
  • Evaluates in accordance with department guidelines, association management practices, loan underwriting policies, credit and collection practices, and credit of major borrowers.
  • Compiles data on population, rate of population growth, death rate, ratio of burials to deaths, and adequacy of existing facilities as a basis for determining the need for new cemeteries.
  • Reviews and analyzes annual reports submitted by each licensed cemetery in the state and determines accuracy by comparing with annual reports submitted by trustees for cemetery trust funds.
  • Maintains a suspense file on the submittal of annual reports by cemeteries in order to enforce statutory penalties for late submittal.
  • Reviews annual renewal applications for cemetery licenses and ensures that license fees paid are correct and based on annual sales.
  • Reviews and answers general correspondence pertaining to cemeteries and disseminates complaints filed with the Division of Finance to the proper area field offices.
  • Assists supervisor in handling complaints involving such problems as excessive finance charges, failure to maintain cemeteries, failure to comply with contractual agreements, etc.
  • Investigates applicants for licensing by reviewing proposed financial statements of cemetery companies; acquires legal descriptions of land; reviews bank accounts; and corresponds with an applicant's former employers, banks, personal references, the Florida Bar, the Florida Real Estate Commission, etc.
  • Complies evidence to be used in judicial or administrative proceedings and testifies when required.
  • Directs or conducts audits and reviews of securities pledged or deposited by banks, saving associations, insurance companies or other regulated entity to determine adequacy, quality standards and compliance with statutory requirements.
  • Reviews and analyses financial reports submitted by Qualified Public Depositories to determine compliance with Chapter 280, Florida Statutes.
  • Performs related work as required.

KNOWLEDGE, SKILLS AND ABILITIES:

(Note: The knowledge, skills and abilities (KSA's) identified in this class specification represent those needed to perform the duties of this class. Additional knowledge, skills and abilities may be applicable for individual positions in the employing agency.)

  • Knowledge of basic accounting or auditing principles.
  • Knowledge of the methods of compiling and analyzing data.
  • Knowledge of monitoring techniques.
  • Knowledge of basic mathematics.
  • Ability to review, analyze and evaluate data.
  • Ability to examine financial records.
  • Ability to understand and apply laws, rules, regulations, policies and procedures.
  • Ability to conduct research and prepare reports.
  • Ability to probe and obtain critical facts.
  • Ability to utilize problem-solving techniques.
  • Ability to plan, organize and coordinate work assignments.
  • Ability to communicate effectively.
  • Ability to establish and maintain effective working relationships with others.
  • Ability to recognize the validity, authenticity and propriety of accounting and operating records.

MINIMUM QUALIFICATIONS

EFFECTIVE:

7/1/2001

HISTORY:

06/30/1989

02/25/1988