What Do Fraud Examiners and Investigators Do (including Their Typical Day At Work)

Stan T.Career, Job DescriptionLeave a Comment

Find a college that suits you! Click here

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.

Salary
$96630
Becoming One
Hard
Education
Bachelor's degree
Job Satisfaction
Job Growth

Personality



Job Description

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.

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.



Featured Schools

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

Working hours

More than 40 hours per week

Working schedule

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.

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

Every day
68%


Once a week
20%


Do Fraud Examiners and Investigators work outdoors?

Never
46%


Once a year
38%



Is this right for me

Best personality for this career

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

Summary
Job Description (You are here)
Salary
Requirements
Quiz

Find a college with the major you want


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/


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.