Roles and missions of the financial inspector
Financial inspectors are professionals in the field of finance. Their roles and responsibilities are varied and cover a wide range of subjects. Here is a list of the main duties and tasks of a Financial Inspector:
- Evaluating and verifying organisations' financial reports and accounting practices.
- Require companies to comply with financial restrictions and regulations.
- Provide information on companies' financial programs and financial accountability.
- Examine personal and corporate tax returns.
- Audit internal control systems and risk and fraud management procedures.
- Checking and examining the bank accounts of financial institutions and other companies.
- Detect errors and prevent fraud and abuse.
- Ensuring regulatory and legal compliance.
- Assessing financial risks and developing plans to reduce or control these risks.
- Examining companies' financial statements and individuals' tax statements to determine their tax liability.
These are the main objectives and responsibilities of a financial inspector. They work to help companies comply with legal and regulatory standards and ensure the security of clients' and consumers' investments.
Salary and career development of a financial inspector
Financial inspectors do essential work and contribute to the financial stability and security of companies and individuals. They carry out checks and audits on customer accounts, investigate suspicious activity and ensure that financial rules and regulations are correctly applied. The salary of a financial inspector varies greatly depending on experience. Here are the changes in gross annual salary (in euros) according to years of experience:
- 0 to 2 years: €28,000 to €32,000
- 2 to 5 years: 33,000 to 36,000
- 5 to 10 years: 37,000 to 44,000
- 10 to 15 years: 45,000 to 50,000
- More than 15 years: 51,000 to 65,000
As a financial inspector, you can move into a wide range of professions depending on your skills and experience. Here are 5 possible career paths:
- Compliance and financial risk manager
- Financial auditor
- Chartered accountant
- Financial analyst
- Financial director.
