Life As a Fraud Examiner, Investigator or Analyst
Fraud Examiner, Investigator or Analyst Job Description Obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
Fraud Examiner, Investigator or Analyst Responsibilities
- Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.
- Negotiate with responsible parties to arrange for recovery of losses due to fraud.
- Conduct field surveillance to gather case-related information.
- Lead, or participate in, fraud investigation teams.
- Interview witnesses or suspects and take statements.
- Train others in fraud detection and prevention techniques.
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What Every Fraud Examiner, Investigator or Analyst Should Know
Fraud Examiners, Investigators and Analysts state the following job skills are important in their day-to-day work.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Active Learning: Understanding the implications of new information for both current and future problem-solving and decision-making.
Related Job Titles for this Occupation:
- Fraud Prevention Specialist
- Fraud Examiner
- Confidential Investigator
- Special Investigation Unit Investigator
- Fraud Manager
Is There Job Demand for Fraud Examiners, Investigators and Analysts?
There were about 135,900 jobs for Fraud Examiner, Investigator or Analyst in 2016 (in the United States). New jobs are being produced at a rate of 9.6% which is above the national average. The Bureau of Labor Statistics predicts 13,100 new jobs for Fraud Examiner, Investigator or Analyst by 2026. There will be an estimated 13,100 positions for Fraud Examiner, Investigator or Analyst per year.
The states with the most job growth for Fraud Examiner, Investigator or Analyst are Utah, Nevada, and Arizona. Watch out if you plan on working in South Dakota, Maryland, or Alaska. These states have the worst job growth for this type of profession.
Fraud Examiner, Investigator or Analyst Salary
The salary for Fraud Examiners, Investigators and Analysts ranges between about $38,030 and $123,360 a year.
Fraud Examiners, Investigators and Analysts who work in District of Columbia, Virginia, or Illinois, make the highest salaries.
Below is a list of the median annual salaries for Fraud Examiners, Investigators and Analysts in different U.S. states.
| State | Annual Mean Salary |
|---|---|
| Alabama | $75,170 |
| Alaska | $68,040 |
| Arizona | $82,200 |
| Arkansas | $43,580 |
| California | $80,720 |
| Colorado | $83,800 |
| Connecticut | $77,690 |
| Delaware | $80,950 |
| District of Columbia | $107,760 |
| Florida | $67,520 |
| Georgia | $85,610 |
| Idaho | $56,440 |
| Illinois | $93,200 |
| Indiana | $66,590 |
| Iowa | $69,480 |
| Kansas | $55,300 |
| Kentucky | $57,030 |
| Louisiana | $61,170 |
| Maine | $65,430 |
| Maryland | $77,440 |
| Massachusetts | $88,370 |
| Michigan | $69,480 |
| Minnesota | $74,190 |
| Mississippi | $63,650 |
| Missouri | $74,050 |
| Montana | $67,820 |
| Nebraska | $79,250 |
| Nevada | $58,150 |
| New Hampshire | $77,670 |
| New Jersey | $81,660 |
| New Mexico | $61,940 |
| New York | $96,480 |
| North Carolina | $76,050 |
| North Dakota | $77,400 |
| Ohio | $78,960 |
| Oklahoma | $72,520 |
| Oregon | $71,980 |
| Pennsylvania | $74,880 |
| Rhode Island | $77,610 |
| South Carolina | $69,340 |
| South Dakota | $53,080 |
| Tennessee | $65,200 |
| Texas | $70,830 |
| Utah | $69,340 |
| Vermont | $72,600 |
| Virginia | $87,810 |
| Washington | $73,790 |
| West Virginia | $68,180 |
| Wisconsin | $60,120 |
| Wyoming | $59,190 |
What Tools do Fraud Examiners, Investigators and Analysts Use?
Although they’re not necessarily needed for all jobs, the following technologies are used by many Fraud Examiners, Investigators and Analysts:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Microsoft Access
- Data entry software
- Microsoft Visio
- Microsoft SharePoint
- Structured query language SQL
- SAS
- Microsoft SQL Server
- R
- LexisNexis
- Tableau
- SAP Business Objects
- Symantec
- Splunk Enterprise
- Bookkeeping software
- Electronic health record EHR software
How do I Become a Fraud Examiner, Investigator or Analyst?
What kind of Fraud Examiner, Investigator or Analyst requirements are there?
How Long Does it Take to Become a Fraud Examiner, Investigator or Analyst?
Where Fraud Examiners, Investigators and Analysts Work
Below are examples of industries where Fraud Examiners, Investigators and Analysts work:
References:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
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