Crossword Genius

I examine bug with gold round tip of proboscis (9)

Ross

I believe the answer is:

inspector

I'm a little stuck... Click here to teach me more about this clue!

'i examine' is the definition.
I can't tell whether this defines the answer.

'bug with gold round tip of proboscis' is the wordplay.
'bug with' becomes 'insect' (bug can mean an insect. I am not sure about the 'with' bit.).
'gold' becomes 'or' ('or' is the heraldic name for gold).
'round' indicates putting letters inside.
'tip of' suggests taking the first letters.
The first letter of 'proboscis' is 'p'.
'insect'+'or'='insector'
'insector' placed around 'p' is 'INSPECTOR'.

Can you help me to learn more?

(Other definitions for inspector that I've seen before include "controller" , "Examining official" , "leading rank" , "Police rank" , "Bus, train official" .)

I've seen this clue in The Independent.
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