Fraud Examiners, Investigators and Analysts

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About the Job

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

It is also Called

  • Special Investigation Unit Investigator
  • Risk Analyst
  • Investigator
  • Investigations Chief
  • Inspector General
  • Fraud Prevention Analyst
  • Fraud Manager
  • Fraud Investigator
  • Fraud Examiner
  • Fraud Analyst
show all

What They Do

  • Obtain and serve subpoenas.
  • Arrest individuals to be charged with fraud.
  • Research or evaluate new technologies for use in fraud detection systems.
  • Conduct field surveillance to gather case-related information.
  • Design, implement, or maintain fraud detection tools or procedures.
  • Train others in fraud detection and prevention techniques.
  • Negotiate with responsible parties to arrange for recovery of losses due to fraud.
  • Advise businesses or agencies on ways to improve fraud detection.
  • Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.
  • Create and maintain logs, records, or databases of information about fraudulent activity.

Interests

People who work in this occupation generally have the interest code: CA.

This means people who work in this occupation generally have Conventional interests, but also prefer Artistic environments.

Work Values

People who work in this occupation generally prize Independence, but also value Achievement and Working Conditions in their jobs.

Things They Need to Know

  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Things They Need to Be Able to Do

  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Speaking - Talking to others to convey information effectively.
  • 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.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Education Required

Most of these occupations require a four-year bachelor's degree, but some do not.

Wages

In 2016, the average annual wage in Pennsylvania was $78,900 with most people making between $42,800 and $120,530

Outlook

0.45%
avg. annual growth

During 2014, this occupation employed approximately 3,800 people in Pennsylvania. It is projected that there will be 3,970 employed in 2024.

This occupation will have about 17 openings due to growth and about 43 replacement openings for approximately 60 total annual openings.



Pennsylvania Department of Education