What Do Fraud Examiners Do: Job Description, Responsibilities and Duties

Stanley TanLeave a Comment



daily life of a Fraud Examiner, Investigator and Analyst
are Fraud Examiners, Investigators and Analysts happy with their job

Fraud Examiners, Investigators and Analysts

Other names for this job might include Audit Manager, Certified Fraud Examiner, Forensic Accountant, Fraud Analyst, Fraud Examiner, Fraud Investigator, Inspector General, Internal Audit Manager, Investigator, Special Agent


  • $72480
    Salary
  • 70%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank

B



Being A Fraud Examiner: What You Really Do


In this job description guide, you will find out what do Fraud Examiners, Investigators and Analysts do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Fraud Examiner, Investigator and Analyst or not.



Job summary

Fraud Examiners obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.

We asked Fraud Examiners how satisfied they are with their job. Here is what they said.

Job satisfaction

70%

How meaningful is this job

47%


70% of them said they were satisfied with their job and 47% said they find that their job makes the world a better place or helps to make someone else’s life better.



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Typical day

On a daily basis, Fraud Examiners Lead, or participate in, fraud investigation teams. They Document all investigative activities.

1 of the main responsibilities as A Fraud Examiner is to Create and maintain logs, records, or databases of information about fraudulent activity.

A typical day for A Fraud Examiner look like this:

Investigate legal issues.
Supervise employees.
Document information related to legal proceedings.
Maintain data in information systems or databases.

We asked some Fraud Examiners a few questions to find out what else does their work day look like. Here is what we found.

Do you have telephone conversations everyday in this job?81% said yes
Do you have to use email everyday in this job?88% said yes
How important is it to work in a team in this job?38% said very important
Do you have group discussions everyday in this job?72% said yes
Do you have to meet strict deadlines everyday in this job?22% said yes
Do you talk or work with customers everyday in this job?31% said yes
Do you have to deal with angry customers everyday in this job?9% said yes
Do you have to make decisions everyday in this job?34% said yes



Other responsibilities

Besides the “typical day” things that Fraud Examiners do, they Obtain and serve subpoenas. They might also Review reports of suspected fraud to determine need for further investigation.

On a weekly to monthly basis, Fraud Examiners Recommend actions in fraud cases. and Interview witnesses or suspects and take statements.

In addition, they Design, implement, or maintain fraud detection tools or procedures.

Although specific duties may vary, many of them Gather financial documents related to investigations.

To some Fraud Examiners, it is also their responsibility to Analyze financial data to detect irregularities in areas such as billing trends, financial relationships, and regulatory compliance procedures.

A typical week or month for them might include:

Obtain documentation to authorize activities.
Inform individuals or organizations of status or findings.
Investigate legal issues.
Advise others on business or operational matters.
Advise others on legal or regulatory compliance matters.
Interview witnesses, suspects, or claimants.
Prepare legal or investigatory documentation.
Develop business or financial information systems.



Working life

Working hours

More than 40 hours per week

Working schedule

Regular (Set schedule and routine)


In a typical work week as A Fraud Examiner, you can expect to work More than 40 hours per week.

Do Fraud Examiners work in an office-style work environment?

Everyday
53.12%

Once a week
34.38%

Once a month
6.25%

Once a year
3.12%

Never
3.12%

Do Fraud Examiners work in a warehouse-style work environment?

Everyday
3.12%

Once a week
25%

Once a month
6.25%

Once a year
43.75%

Never
21.88%

Do Fraud Examiners work outdoors?

Everyday
3.12%

Once a week
9.38%

Once a month
12.5%

Once a year
37.5%

Never
37.5%



Is this right for me

Best personality for this career

The Persuaders and The Thinkers


You can read more about these career personality types here.

You will like this career if you are someone who likes starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

You also like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally.



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Career type

Business and Finance
Business Financial Management

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Related to Fraud Examiners, Investigators and Analysts Job Description

Fraud Examiners, Investigators and Analysts job description, what do Fraud Examiners, Investigators and Analysts do, typical day for Fraud Examiners, Investigators and Analysts, what is it like to work as a Fraud Examiner, Investigator and Analyst, how many hours do Fraud Examiners, Investigators and Analysts work, day to day work of a Fraud Examiner, Investigator and Analyst

Additional resources

http://www.bls.gov/ooh/business-and-financial/claims-adjusters-appraisers-examiners-and-investigators.htm
http://www.claim.org/index.cfm
http://www.napia.com/
http://www.theinstitutes.org/

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Fraud Examiners, Investigators and Analysts
Written by: Stanley Tan
Fraud Examiners obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
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