Job Description, Daily Responsibilities, and Work Life
Fraud Examiners and Investigators
Fraud Examiners and Investigators obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
Table of Contents
Job Description
Fraud Examiners and Investigators obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities. They also document all investigative activities.
Other tasks include:
- Arrest individuals to be charged with fraud.
- Prepare written reports of investigation findings.
- Analyze financial data to detect irregularities in areas such as billing trends, financial relationships, and regulatory compliance procedures.
- Gather financial documents related to investigations.
- Interview witnesses or suspects and take statements.
- Review reports of suspected fraud to determine need for further investigation.
We asked Fraud Examiners and Investigators how satisfied they are with their job. Here is what they said.
70%
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.
Typical Day At Work
On a daily basis, Fraud Examiners and Investigators lead, or participate in, fraud investigation teams. They review reports of suspected fraud to determine need for further investigation.
A typical day for a Fraud Examiner, Investigator and Analyst will also include:
- Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.
- Document all investigative activities.
- Recommend actions in fraud cases.
- Design, implement, or maintain fraud detection tools or procedures.
- Conduct field surveillance to gather case-related information.
We asked some Fraud Examiners and Investigators 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 | |
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 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 their typical day, Fraud Examiners and Investigators also prepare written reports of investigation findings. They may also gather financial documents related to investigations.
On a weekly to monthly basis, Fraud Examiners and Investigators Create and maintain logs, records, or databases of information about fraudulent activity. They might also Analyze financial data to detect irregularities in areas such as billing trends, financial relationships, and regulatory compliance procedures.
In addition, they Lead, or participate in, fraud investigation teams.
Although specific duties may vary, many of them Negotiate with responsible parties to arrange for recovery of losses due to fraud.
To some Fraud Examiners and Investigators, it is also their responsibility to Interview witnesses or suspects and take statements.
Working life
More than 40 hours per week
Regular schedule like a 9 to 5
In a typical work week as a Fraud Examiner, Investigator and Analyst, you can expect to work more than 40 hours per week.
Is this right for me
The Entrepreneurs and The Thinkers
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business..
They also like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally.
You can read more about these career personality types here.
Learn more about Fraud Examiners and Investigators
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