What is a Fraud Examiner, Investigator or Analyst?

Fraud Examiner, Investigator or Analyst Example Obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.

Life As a Fraud Examiner, Investigator or Analyst

• Gather financial documents related to investigations.
• Advise businesses or agencies on ways to improve fraud detection.
• Coordinate investigative efforts with law enforcement officers and attorneys.
• Negotiate with responsible parties to arrange for recovery of losses due to fraud.
• Evaluate business operations to identify risk areas for fraud.
• Design, implement, or maintain fraud detection tools or procedures.

Skills Needed to be 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.

Other Fraud Examiner, Investigator or Analyst Job Titles

• Fraud Detection Analyst
• Forensic Audit Expert
• Special Investigation Unit Investigator
• Financial Investigator
• Certified Fraud Examiner

What Kind of Fraud Examiner, Investigator or Analyst Job Opportunities Are There?

In the United States, there were 135,900 jobs for Financial Specialists in 2016.

New jobs are being produced at a rate of 9.6% which is lower than average. The Bureau of Labor Statistics predicts 13,100 new jobs for Fraud Examiners, Investigators and Analysts 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 Financial Specialists are Texas, California, and Florida.

Watch out if you plan on working in South Dakota, Wyoming, or Maine. These states have the worst job growth for this type of profession.

Fraud Examiner, Investigator or Analyst Salary

Financial Specialists Make between $38,030 and $123,360 a year. The median salary is $70,280.

How much do Financial Specialists make in different U.S. states?

Annual Mean Salary by State

State	Annual Mean Salary
District of Columbia	$107,760
New York	$96,480
Illinois	$93,200
Massachusetts	$88,370
Virginia	$87,810
Georgia	$85,610
Colorado	$83,800
Arizona	$82,200
New Jersey	$81,660
Delaware	$80,950
California	$80,720
Nebraska	$79,250
Ohio	$78,960
Connecticut	$77,690
New Hampshire	$77,670
Rhode Island	$77,610
Maryland	$77,440
North Dakota	$77,400
North Carolina	$76,050
Alabama	$75,170
Pennsylvania	$74,880
Minnesota	$74,190
Missouri	$74,050
Washington	$73,790
Vermont	$72,600
Oklahoma	$72,520
Oregon	$71,980
Texas	$70,830
Iowa	$69,480
Michigan	$69,480
Utah	$69,340
South Carolina	$69,340
West Virginia	$68,180
Alaska	$68,040
Montana	$67,820
Florida	$67,520
Indiana	$66,590
Maine	$65,430
Tennessee	$65,200
Mississippi	$63,650
New Mexico	$61,940
Louisiana	$61,170
Wisconsin	$60,120
Wyoming	$59,190
Nevada	$58,150
Kentucky	$57,030
Idaho	$56,440
Kansas	$55,300
South Dakota	$53,080
Arkansas	$43,580

What Tools & Technology do Fraud Examiners, Investigators and Analysts Use?

Although they’re not necessarily needed for all jobs, the following technologies are used by many Fraud Examiners, Investigators and Analysts:

• SAP Business Objects
• Microsoft Excel
• Splunk Enterprise
• Microsoft SQL Server
• Tableau
• Symantec
• Microsoft Visio
• Microsoft Word
• Microsoft Office
• Data entry software

Where do Fraud Examiners, Investigators and Analysts Work?

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons