DEPARTMENT OF MANAGEMENT SERVICES
For Reference Only
CLASS CODE: 1566
PAY GRADE: 025
CLASS TITLE: FINANCIAL SPECIALIST
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.)
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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.
1566-FINANCIAL SPECIALIST-CS
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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.)
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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
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A bachelor's degree from an accredited college or university with major course of study in
accounting, finance, economics, insurance, or risk management and two years of professional
experience in accounting, examining, analyzing or auditing financial data within a financial
institution, insurance company or other regulated entity, or in the registration of securities or
securities dealers; or
A master's degree from an accredited college or university with major course of study in
accounting or business administration, or possession of a Certified Public Accountant (C.P.A.)
certificate and one year of professional experience as described above; or
Two years of experience as a Financial Examiner/Analyst with the State of Florida.
Professional or nonprofessional experience as described above can substitute on a year-foryear basis for the required college education.
EFFECTIVE:
6/30/1989
HISTORY:
02/25/1988