Discover the essential requirements, duties, responsibilities, and skills needed for a Fraud Investigator job description.
What does a Fraud Investigator do?
A fraud investigator, also known as a fraud examiner, is responsible for investigating allegations of fraud. They work in various industries, including law enforcement, government agencies, and financial institutions.
Job Description
We are seeking a resourceful fraud investigator to look into suspected cases of fraud and report any findings. In this role, you will collect evidence, research transactions, interview victims and witnesses, and write a final report on the investigation. You may also be required to testify in legal proceedings.
To be successful in this role, you should have strong investigative skills and knowledge of legal procedures. A top-notch fraud investigator should also be able to work well under pressure and pay close attention to detail.
Job Duties and Responsibilities
- Conduct extensive and confidential investigations into suspected fraud allegations.
- Interview individuals with information about fraud allegations.
- Run background checks, employee investigations, and asset searches on suspected perpetrators.
- Analyze documentation, such as victim testimonies and financial records, to determine if fraud has occurred.
- Write detailed reports on findings and present them to management.
- Liaise with fraud victims, law enforcement, and court officials when a civil or criminal case is opened.
- Testify in civil or criminal proceedings related to fraud cases.
Requirements and Qualifications
- Bachelor's degree in a relevant field, such as welfare, criminology, or finance.
- At least two years of experience working as a fraud investigator at government agencies or financial institutions.
- Good understanding of relevant legislation, such as the Police and Criminal Evidence Act.
- Proficiency in analytics and report writing software.
- Strong research skills.
- Determination to complete a thorough investigation.
- Excellent verbal and written communication skills.
- Good negotiation skills and ability to handle stressful situations.
Fraud Investigator Salary
The earning potential of a Fraud Investigator can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Fraud Investigator in the United States is approximately $68589.