What Does it Take to Be a Fraud Examiner, Investigator or Analyst?
Fraud Examiner, Investigator or Analyst Definition Obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
Daily Life Of a Fraud Examiner, Investigator or Analyst
- Coordinate investigative efforts with law enforcement officers and attorneys.
- Gather financial documents related to investigations.
- Evaluate business operations to identify risk areas for fraud.
- Obtain and serve subpoenas.
- Research or evaluate new technologies for use in fraud detection systems.
- Negotiate with responsible parties to arrange for recovery of losses due to fraud.
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What a Fraud Examiner, Investigator or Analyst Should Know
These are the skills Fraud Examiners, Investigators and Analysts say are the most useful in their careers:
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.
Other Fraud Examiner, Investigator or Analyst Job Titles
- Fraud Detection Analyst
- Risk Analyst
- Financial Investigator
- Data Analyst
- Fraud Analyst
Job Opportunities for Fraud Examiners, Investigators and Analysts
In 2016, there was an estimated number of 135,900 jobs in the United States for Fraud Examiner, Investigator or Analyst. 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 Average Salary
The typical yearly salary for Fraud Examiners, Investigators and Analysts is somewhere between $38,030 and $123,360.
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?
Below is a list of the types of tools and technologies that Fraud Examiners, Investigators and Analysts may use on a daily basis:
- 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
Becoming a Fraud Examiner, Investigator or Analyst
What education is needed to be a Fraud Examiner, Investigator or Analyst?
How many years of work experience do I need?
Where Fraud Examiners, Investigators and Analysts Work
The table below shows the approximate number of Fraud Examiners, Investigators and Analysts employed by various industries.
References:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
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