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Fraud Examiners, Investigators and Analysts
SOC Code: 13-2099.04

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

Sample of reported job titles: Certified Fraud Examiner, Confidential Investigator, Financial Investigator, Forensic Accountant, Forensic Audit Expert, Fraud Manager, Inspector General, Investigations Chief, Investigator, Special Investigation Unit Investigator

Tasks

  • Document all investigative activities.
  • 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.
  • Conduct in-depth investigations of suspicious financial activity, such as suspected money-laundering efforts.
  • Lead, or participate in, fraud investigation teams.
  • Prepare evidence for presentation in court.
  • Coordinate investigative efforts with law enforcement officers and attorneys.
  • Testify in court regarding investigation findings.
  • Recommend actions in fraud cases.
  • Evaluate business operations to identify risk areas for fraud.
  • Create and maintain logs, records, or databases of information about fraudulent activity.
  • Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.
  • Advise businesses or agencies on ways to improve fraud detection.
  • Negotiate with responsible parties to arrange for recovery of losses due to fraud.
  • Train others in fraud detection and prevention techniques.
  • Design, implement, or maintain fraud detection tools or procedures.
  • Conduct field surveillance to gather case-related information.
  • Research or evaluate new technologies for use in fraud detection systems.
  • Arrest individuals to be charged with fraud.
  • Obtain and serve subpoenas.

Technology Skills

  • Accounting software - Bookkeeping software
  • Analytical or scientific software - SAS
  • Audit software - PCG Software Virtual Examiner
  • Business intelligence and data analysis software - Guardian Analytics FraudMAP; IBM Cognos; Tableau ; TIBCO Spotfire (see all 5 examples)
  • Data base user interface and query software - Data entry software ; Microsoft Access ; Structured query language SQL ; Vertafore ImageRight (see all 6 examples)
  • Electronic mail software - Microsoft Outlook
  • Enterprise resource planning ERP software - SAP Business Objects
  • Enterprise system management software - ArcSight Enterprise Threat and Risk Management; Splunk Enterprise
  • Graphics or photo imaging software - Microsoft Visio
  • Information retrieval or search software - LexisNexis
  • Medical software - Electronic health record EHR software
  • Object or component oriented development software - R
  • Office suite software - Microsoft Office
  • Presentation software - Microsoft PowerPoint
  • Project management software - Microsoft SharePoint
  • Spreadsheet software - Microsoft Excel
  • Transaction security and virus protection software - Symantec
  • Word processing software - Microsoft Word

Tools Used

  • Desktop computers
  • Digital camcorders or video cameras - Digital video cameras
  • Digital cameras - Digital still cameras
  • Digital voice recorders - Digital audio recorders
  • Notebook computers - Laptop computers
  • Personal computers
  • Tablet computers

Knowledge

  • 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.
  • Psychology - Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Skills

  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • 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.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Speaking - Talking to others to convey information effectively.
  • 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.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  • Coordination - Adjusting actions in relation to others' actions.
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
  • Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
  • Negotiation - Bringing others together and trying to reconcile differences.
  • Persuasion - Persuading others to change their minds or behavior.
  • Time Management - Managing one's own time and the time of others.
  • Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.
  • Instructing - Teaching others how to do something.
  • Learning Strategies - Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
  • Service Orientation - Actively looking for ways to help people.

Abilities

  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
  • Near Vision - The ability to see details at close range (within a few feet of the observer).
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
  • Speech Clarity - The ability to speak clearly so others can understand you.
  • Speech Recognition - The ability to identify and understand the speech of another person.
  • Information Ordering - The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
  • Category Flexibility - The ability to generate or use different sets of rules for combining or grouping things in different ways.
  • Fluency of Ideas - The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
  • Selective Attention - The ability to concentrate on a task over a period of time without being distracted.
  • Flexibility of Closure - The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
  • Originality - The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
  • Mathematical Reasoning - The ability to choose the right mathematical methods or formulas to solve a problem.

Interests

  • Interest code: EIC
    • Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
    • Investigative - Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
    • Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.

Work Context

  • Electronic Mail - 88% responded “Every day.”
  • Telephone - 71% responded “Every day.”
  • Importance of Being Exact or Accurate - 64% responded “Extremely important.”
  • Face-to-Face Discussions - 54% responded “Every day.”
  • Indoors, Environmentally Controlled - 68% responded “Every day.”
  • Structured versus Unstructured Work - 60% responded “Some freedom.”
  • Work With Work Group or Team - 50% responded “Very important.”
  • Contact With Others - 50% responded “Contact with others most of the time.”
  • Spend Time Sitting - 50% responded “More than half the time.”
  • Freedom to Make Decisions - 56% responded “Some freedom.”
  • Impact of Decisions on Co-workers or Company Results - 48% responded “Important results.”
  • Deal With External Customers - 46% responded “Very important.”
  • Duration of Typical Work Week - 52% responded “More than 40 hours.”
  • Importance of Repeating Same Tasks - 36% responded “Extremely important.”
  • Letters and Memos - 42% responded “Once a month or more but not every week.”
  • Time Pressure - 44% responded “Once a month or more but not every week.”
  • Coordinate or Lead Others - 48% responded “Very important.”
  • Frequency of Decision Making - 36% responded “Once a month or more but not every week.”
  • Level of Competition - 56% responded “Moderately competitive.”
  • Responsibility for Outcomes and Results - 40% responded “High responsibility.”
  • Deal With Unpleasant or Angry People - 36% responded “Once a year or more but not every month.”
  • Physical Proximity - 50% responded “Slightly close (e.g., shared office).”
  • Frequency of Conflict Situations - 36% responded “Once a month or more but not every week.”

Education

Percentage of RespondentsEducation Level Required
72%Bachelor's degree
12%Master's degree
8%Post-baccalaureate certificate

Work Styles

  • Integrity - Job requires being honest and ethical.
  • Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
  • Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
  • Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
  • Persistence - Job requires persistence in the face of obstacles.
  • Initiative - Job requires a willingness to take on responsibilities and challenges.
  • Self Control - Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
  • Adaptability/Flexibility - Job requires being open to change (positive or negative) and to considerable variety in the workplace.
  • Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
  • Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
  • Achievement/Effort - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
  • Independence - Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
  • Innovation - Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems.
  • Leadership - Job requires a willingness to lead, take charge, and offer opinions and direction.
  • Concern for Others - Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job.
  • Social Orientation - Job requires preferring to work with others rather than alone, and being personally connected with others on the job.

Work Values

  • Independence - Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
  • Working Conditions - Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.
  • Achievement - Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.

Wages & Trends

  • Median wages (2017)
    • $33.42 hourly, $69,520 annual
  • Employment (2016)
    • 136,000 employees
  • Projected growth (2016-2026)
    • Faster than average (10% to 14%)
  • Projected job openings (2016-2026)
    • 13,100

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