What is a Fraud Examiner, Investigator or Analyst?
Job Description & Duties Obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
A Day in the Life of a Fraud Examiner, Investigator or Analyst
- Conduct field surveillance to gather case-related information.
- Prepare written reports of investigation findings.
- Conduct in-depth investigations of suspicious financial activity, such as suspected money-laundering efforts.
- Interview witnesses or suspects and take statements.
- Testify in court regarding investigation findings.
- Prepare evidence for presentation in court.
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Qualities of a Fraud Examiner, Investigator or Analyst
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.
Types of Fraud Examiner, Investigator or Analyst
- Fraud Detection Analyst
- Risk Analyst
- Investigator
- Confidential Investigator
- Fraud Prevention Specialist
What Kind of Fraud Examiner, Investigator or Analyst Job Opportunities Are There?
In the United States, there were 135,900 jobs for Fraud Examiner, Investigator or Analyst in 2016. 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.
Do Fraud Examiners, Investigators and Analysts Make A Lot Of Money?
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 |
Tools & Technologies Used by Fraud Examiners, Investigators and Analysts
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 SharePoint
- Microsoft Visio
- 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?
Learn what Fraud Examiner, Investigator or Analyst education requirements there are.
How Long Does it Take to Become a Fraud Examiner, Investigator or Analyst?
Where Fraud Examiners, Investigators and Analysts Are Employed
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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