About Society of financial examiners (sofe)
The Society of Financial Examiners (SOFE) is a professional society that caters to examiners of insurance companies, banks, savings and loans, and credit unions. The organization was founded in 1976 with the aim of promoting high standards in financial examination and fostering cooperation among its members.
With over 2,000 members across the United States and Canada, SOFE is committed to providing its members with opportunities for professional development through education, networking events, and certification programs. The organization also serves as a platform for sharing knowledge and best practices among financial examiners.
One of the key benefits of being a member of SOFE is access to its extensive library of resources. Members can access publications such as the Journal of Financial Examiners (JFE), which features articles on current issues affecting financial examination. The JFE also provides updates on regulatory changes that impact financial institutions.
SOFE also offers certification programs that are recognized by state insurance departments and other regulatory bodies. These programs include the Certified Financial Examiner (CFE) designation which requires passing an extensive exam covering topics such as accounting principles, risk management techniques, legal concepts related to insurance regulation.
In addition to providing educational resources for its members, SOFE hosts several events throughout the year including an annual conference where members can network with peers from across North America. These events provide opportunities for attendees to learn about new developments in their field while building relationships with other professionals in their industry.
Another benefit of being a member of SOFE is access to job postings through its online career center. Members can search for job openings at various levels within financial institutions or post their resumes for potential employers to view.
Overall, SOFE plays an important role in promoting high standards within the field of financial examination while providing valuable resources and networking opportunities for its members. Whether you are just starting your career or looking to advance your skills as a seasoned examiner, joining this professional society could be beneficial for your professional growth.