State of Louisiana
Location
Baton Rouge, LA | United States
Job description
The Office of Financial Institutions (OFI) is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana. Licensing Analysts provide administrative support for the Licensing Section, which processes new and renewal license applications for consumer lenders (finance companies, payday loan companies, and insurance premium finance companies); pawnbrokers; check cashers; bond-for-deed escrow agents; sale of check companies; loan brokers; residential mortgage lenders; residential mortgage lending originators; repossession agencies; and repossession agents (includes regular, qualifying and apprentice) and registering notification filers.
Core Competencies:
MINIMUM QUALIFICATIONS:
A baccalaureate degree.
SUBSTITUTIONS:
Six years of full-time work experience in any field may be substituted for the required baccalaureate degree.
Candidates without a baccalaureate degree may combine work experience and college credit to substitute for the baccalaureate degree as follows:
A maximum of 120 semester hours may be combined with experience to substitute for the baccalaureate degree.
30 to 59 semester hours credit will substitute for one year of experience towards the baccalaureate degree.
60 to 89 semester hours credit will substitute for two years of experience towards the baccalaureate degree.
90 to 119 semester hours credit will substitute for three years of experience towards the baccalaureate degree.
120 or more semester hours credit will substitute for four years of experience towards the baccalaureate degree.
NOTE:
Any college hours or degree must be from an accredited college or university.
NOTE:
May be required to pass a security clearance or background check by a law enforcement agency.
FUNCTION OF WORK:
To train in ensuring that licenses are issued, maintained or reinstated timely to all eligible and qualified persons regulated by a statewide regulatory Board.
LEVEL OF WORK:
Entry.
SUPERVISION RECEIVED:
Broad review from Licensing Analyst Supervisor or other administrative official.
SUPERVISION EXERCISED:
May exercise functional supervision over clerical staff.
JOB DISTINCTIONS:
Differs from Licensing Analyst 2 by lack of independence in performance of duties.
Independently reviews applications for new licensees. Verifies that all required documents are accurate and complete before accepting for filing. Contacts executive officers to discuss any discrepancies and follows up with appropriate correspondence, if necessary. Where applicable, verifies that licensees have completed the necessary continuing education, as required.
Examines and analyzes data submitted by and/or on behalf of each applicant for licensure for accuracy, authenticity, and completeness of factual information to document determination of eligibility and qualification for licensure.
Conducts pre-licensure investigations of each applicant for eligibility and/or qualifications for
licensure. Such investigations may be through personal interview.
Advises applicants and/or licensees of status of application and/or requests relative to requisite information for further disposition of same.
Processes and posts all application information and payments to the database; makes a
supervisor aware of any affiliations that principal officers may have with other companies.
Researches and reports to supervisor any persons included in new applications who may have been involved in negative activities in the past.
Responds to correspondence and/or phone calls and furnishes instructions outlined in the
applicable laws, acts, rules and statutes regarding the change of any existing licensed company name or location. Sets up pending records and performs all follow up to the change and, upon completion approves through the NMLS. Advises licensees of any statutory penalties that may be owed due to late notification of these changes. Must be familiar with the applicable laws, acts, rules and statutes governing this process in order to enforce them properly.
Researches records, makes requests and responds to requests for information to/from entities that include state and local offices and the NMLS.
Reviews application to determine if requisite licensure fees have been received by agency.
Independently reviews, approves, and issues licenses of applicants submitted by Residential
Mortgage Lending originators transferring from one company to another. Verifies locations,
verifies receipt of proper notification and requests statutory late fees, if applicable.
Submits completed company applications for LCCL, Pawnbrokers, Check Cashers, Sale of Checks, Bond for Deed, Repossession Agents, and Notification filers for approval. When approval is received, issues licenses. Updates files with pertinent information.
Processes, maintains, and updates records on directors/officers of companies; changes in
names/locations; criminal background checks. Prepares and mails correspondence concerning checks returned to this department due to missing signature, insufficient funds, and closed accounts. Prepares requests and responses for information to/from entities that include professional organizations, federal, state, and the general public and other licensing and/or certification entities relative to licensees, statutes, rules and regulations and other public information.
Advises management of status of applications and makes recommendations accordingly.
Assigns official license numbers for particular disciplines examined and analyzed and prepares license for same.
Issues duplicate certificates/licenses.
Determines when licensure files can be forwarded to master file room and takes action
accordingly.
Explains federal and state laws, rules and regulations, standards and agency policies to officials, staff, licensees, the public and/or providers of services and interprets and applies same.
Verifies credentials of licensees through written and/or personal contact with applicants.
Interprets and explains statutes, agency rules, regulations, policies and procedures to the public.
Job tags
Salary