Associate Financial Licensing Analyst

The State Corporation Commission (SCC) seeks an Associate Financial Licensing Analyst who has a passion for public service and protecting the public interest in Virginia by maintaining a safe, sound, and competitive financial services environment. The Bureau of Financial Institutions (BFI) is a regulatory division within the SCC that administers the Commonwealth’s laws related to banks, savings institutions, credit unions, trust companies, consumer finance companies, mortgage lenders and brokers, money transmitters, credit counseling agencies, motor vehicle title lenders, industrial loan associations, short-term lenders, check cashers, student loan servicers, and debt settlement services providers. The Associate Financial Licensing Analyst assists with the investigation of applications filed by these financial institutions and related parties under Title 6.2 of the Code of Virginia for licenses, expansions, and structural changes such as mergers and acquisitions. This position is based in Richmond, Virginia and operates on a hybrid schedule, including remote and in-office work each week. The SCC offers career growth and professional development opportunities including on-the-job training, certifications, and designations.

Essential Duties and Responsibilities

• Analyze financial statements and financial projections for solvency, liquidity, profitability, and other performance metrics 

• Analyze business plans for conformity with applicable legal and regulatory standards 

• Review personal financial statements, disclosure forms, credit reports, criminal background checks, employment records, and other biographical information for prospective officers, directors, and principals 

• Review and research examination reports and compliance records 

• Review surety bonds and evaluate compliance with applicable bond standards 

• Communicate regularly with license applicants, attorneys, other regulatory agencies, and the public 

• Prepare written reports to include a summary of relevant investigation findings, supporting schedules, and a recommendation for approval denial based on an analysis of the pertinent statutory factors 

• Review and analyze periodic reporting forms filed by regulated financial institutions 

• Perform other related work as required

Preferred Qualifications

• A bachelor’s degree or higher in accounting, business administration, economics, finance, or a related field 

• In lieu of a degree, four or more years of professional experience with financial analysis, auditing, and/or accounting 

• Some knowledge of accounting or auditing theory and practice 

• Ability to analyze and interpret financial data 

• Exceptional research skills, including highly detailed analysis, strong reading comprehension, and critical thinking skills 

• Strong judgment and decision-making skills 

• Ability to communicate clearly and concisely, both verbally and in writing 

• Ability to manage tasks independently and to work effectively on a team 

• Ability to establish and maintain professional working relationships with SCC staff, examiners from other state agencies, and industry personnel 

• Proficiency in Microsoft Office products 

• Knowledge of the laws, rules, and regulations governing the operations of financial institutions is a plus

SCC Information

Located in downtown Richmond, the State Corporation Commission (SCC) is an independent state agency with regulatory authority over public utilities, insurance, state-chartered financial institutions, investment securities, retail franchising, and utility and railroad safety, as well as serving as the state’s central filing office for businesses. The SCC is also charged with administering Virginia’s health insurance marketplace. The SCC’s structure is unique. No other state has a single agency with such a broad array of regulatory responsibility.

The SCC offers its employees rewarding, impactful public service work; flexible telework options and work-life balance; and professional development opportunities. We foster a high-performing workforce with a commitment to diversity and inclusion, collaboration, and alignment with the SCC’s mission and strategic goals. Core benefits include competitive health and life insurance programs, pre-tax spending accounts, leave programs, and paid state holidays. Employees participate in a state retirement plan with options for tax-deferred retirement savings including employer matching. The state funds a short and long-term disability program. As a state agency, SCC employees may be eligible for the federal Public Service Loan Forgiveness Program (PSLF).

The SCC regulates various companies and industries in Virginia; therefore, to avoid any conflict, employees are required to sign a Conflict of Interest Form and must dispose of any stock they hold in a regulated company or dispose of any licenses or certificates they hold in any industry regulated by the SCC unless otherwise permitted. Employees also shall report employment of household members by a regulated company.

The SCC prohibits immediate family members of an employee, including a spouse, child, stepchild, sibling, step- and half-sibling, parent, step-parent, or other household member of the employee, from working in the same Division or being in the same management hierarchy. In addition, the SCC prohibits romantic or intimate relationships among managers and employees in the same management hierarchy.

The SCC does not provide employer sponsorship. We use the E-Verify system to confirm identity and work authorization.

The SCC is an Equal Opportunity Employer. As a Virginia Values Veterans (V3) Certified Employer, we value and encourage veterans and members of the Reserves and National Guard to apply.

The information you submit must clearly demonstrate your experience and qualifications as they relate to this position. Interview consideration is based on the information submitted online. If requested, the SCC will provide reasonable accommodation to applicants in need of accommodation to provide access to the application and interview process. A background investigation is conducted on the selected candidate as a condition of employment.

Based on the experience and qualifications of the applicant selected, this position may be classified in the SCC Salary Structure as a Grade 7 and will be non-exempt under the provisions of the Fair Labor Standards Act (FLSA). The starting salary will be commensurate with a candidate’s qualifications and will be within the starting salary range posted in this advertisement.