Department of Professional and Financial Regulation (and Boards)

Job Class Code: 0425
Grade: 28/Supervisory
Salary: $63,689.60-$90,438.40/Annually
Location: Gardiner

Opening Date: August 20, 2025

Closing Date:  September 4, 2025

The Maine Bureau of Financial Institutions is seeking a Principal Bank Examiner. The Principal Bank Examiner position is responsible for professional services work of a supervisory nature involving the examination and evaluation of financial institutions. The individual provides financial analysis services to the Bureau in the areas of bank mergers/acquisitions, problem bank supervision, and regulation of both in-state and out-of-state operations of financial entities. The individual assists in the development and implementation of comprehensive off-site monitoring system for reviewing the operation of individual state-chartered financial institutions and the State’s banking system. The individual assists in the development of regulatory guidelines and is responsible for processing (including review, analysis and recommendation to the Superintendent) all applications and notifications filed with the Bureau. Applications pertain to a wide variety of financial institution activities including applications for expansions, acquisitions, mergers, new bank formations, and mutual-to-stock conversions. This individual also assists as needed in the on-site examination of state-chartered financial institutions. Examination responsibilities may include planning, conducting, and overseeing the on-site review of the largest, most complex state-chartered financial institutions and financial institution holding companies; overseeing problem banks; coordinating with federal regulatory agencies; and training personnel in examination techniques and procedures. This class is distinguished from lower-level bank examiners by the greater complexity of the work performed and the permanent supervisory responsibilities assigned. Work is performed under limited supervision. The Principal Examiner will occasionally assist with the Bureau’s consumer mediation efforts and with the on-site examination of state-chartered financial institutions as needed. Occasional statewide and out-of-state travel will be required to attend training and participate in examinations as needed.

Primary responsibilities include:  

1. Maintains off-site monitoring system for reviewing the operations of state-chartered financial institutions, including quarterly review and analysis of all insured state-charted banks’ Call/UBPR reports.
2. Collects, reviews, and analyzes uninsured non-depository trust company balance sheet and income reports.
3. Monitors and reviews of third-party audits of state-chartered institutions.
4. Evaluates and monitors the adequacy of uninsured bank asset pledges and tracks location of pledge accounts.
5. Reviews and maintains application forms for various banking activities; guides parties through application process, coordinates with federal counterparts, and reviews and analyzes application materials consistent with statutory requirements to promote the strength of the institution and the convenience and advantage of the public. Analysis includes review of management, adequacy of capital, and the competitive effects of the proposed transaction.
6. Conducts pre-examination reviews of banks and provides institution profiles to assist exam teams scope problem areas.
7. Occasionally assists as needed with on and off-site exams. This may include training new examiners or joining an exam team.
8. Serves as back-up for consumer outreach questions and assists outreach personnel researching questions related to state or federal banking regulations.

Skills or knowledge required:

1. Knowledge of applicable federal, state, agency and industry laws, rules, regulations, policies, and procedures.
2. Experience with financial institution management, accounting and operational practices and procedures.
3. Knowledge of accounting and auditing principles, practices, and procedures.
4. Good oral and written communication skills.

Minimum qualifications:

A Bachelors Degree in Economics, Business Administration, Accounting, Mathematics, closely related field, or equivalent in directly related experience and four (4) years of progressively responsible experience in the financial analysis of banking institutions.  Experience must include at least one (1) year of work in an administrative or supervisory role.

Contact information:

Questions about this position should be directed to Superintendent Lloyd P. LaFountain III Lloyd.P.LaFountain.III@maine.gov Tel. 207-624-8570

Application Instructions:

Interested applicants need to apply online by selecting the "Apply for this opening" button along with uploading a cover letter, current resume, and copies of any transcripts or certifications you wish to have considered while evaluating your application.  In order for us to properly determine if you meet the minimum qualifications for any posting, you must be sure your resume includes month and year for any experience listed along with the duties and responsibilities associated with each particular time period.  Any experience that was not full-time employment should be identified as such. 

If you require a paper application, please download and print one here https://www.maine.gov/bhr/state-jobs/application-process or contact our office at 207-623-6700.  Paper applications for this posting should be submitted along with cover letter and resume before the closing date to Security & Employment Service Center, 45 Commerce Drive, Augusta, ME  04330 or faxed to 207-287-2018.  Be sure title of the job you are applying for is included.  Applications cannot be accepted after the posting closing date.  

Benefits of working for the State of Maine:

No matter where you work across Maine state government, you find employees who embody our state motto—"Dirigo" or "I lead"—as they provide essential services to Mainers every day. We believe in supporting our workforce's health and wellbeing with a valuable total compensation package, including:

• Work-Life Fit – Rest is essential. Take time for yourself using 13 paid holidays, 12 days of sick leave, and 3+ weeks of vacation leave annually. Vacation leave accrual increases with years of service, and overtime-exempt employees receive personal leave.
• Health Insurance Coverage – The State of Maine pays 85%-95% of employee-only premiums ($11,857.68-$13,252.80 annual value), depending on salary. Use this chart to find the premium costs for you and your family, including the percentage of dependent coverage paid by the State. 
• Dental Insurance – The State of Maine pays 100% of employee-only dental premiums ($365.28 annual value).
• Retirement Plan – The State contributes the equivalent of 14.11% of the employee's pay towards the Maine Public Employees Retirement System (MainePERS). 
• Parental leave is one of the most important benefits for any working parent. All employees who are welcoming a child—including non-birthing parents and adoptive parents—receive six weeks of fully paid parental leave. Additional, unpaid leave may also be available, under the Family and Medical Leave Act.

State employees are eligible for an extensive and highly competitive benefits package, covering many aspects of wellness. Learn about additional wellness benefits for State employees from the Office of Employee Health and Wellness.

Note: Benefits may vary somewhat according to specific collective bargaining agreements and are prorated for anything less than full-time.

There's a job and then there's purposeful, transformative work. Our aim is to create a workplace where you can learn, grow, and continuously refine your skills. Applicants demonstrate job requirements in differing ways, and we appreciate that many skills and backgrounds can make people successful in this role. 

As an Equal Opportunity employer, Maine State Government embraces a culture of respect and awareness. We are committed to creating a strong sense of belonging for all team members, and our process ensures an inclusive environment to applicants of all backgrounds including diverse race, color, sex, sexual orientation or gender identity, physical or mental disability, religion, age, ancestry, national origin, familial status or genetics. 

If you’re looking for a great next step, and want to feel good about what you do, we’d love to hear from you. Please note reasonable accommodations are provided to qualified individuals with disabilities upon request.

Thinking about applying?

Research shows that people from historically excluded communities tend to apply to jobs only when they check every box in the posting. If you’re currently reading this and hesitating to apply for that reason, we encourage you to go for it! Let us know how your experience and passion set you apart.