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What is a fraud investigator and how to become one
A fraud investigator is someone who specializes in detecting, investigating, and preventing fraudulent activities. They work in various industries such as finance, insurance, and law enforcement. Their job involves conducting thorough investigations to identify fraudulent activities and collect evidence. They analyze data and monitor financial transactions to detect fraudulent activities. Fraud investigators must have excellent analytical and problem-solving skills, attention to detail, and the ability to work independently or as part of a team.
Avg. Salary $49,010
Avg. Salary $59,228
Growth Rate 6%
Growth Rate 0.3%
American Indian and Alaska Native 0.34%
Asian 10.00%
Black or African American 8.57%
Hispanic or Latino 9.58%
Unknown 3.87%
White 67.65%
Genderfemale 50.41%
male 49.59%
Age - 43American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 43Stress level is high
7.1 - high
Complexity Level is advanced
7 - challenging
Work Life balance is fair
6.4 - fair
What are the pros and cons of being a Fraud Investigator?
Pros
Exciting and challenging work
Opportunity to help protect people from financial harm
Variety of cases and industries to investigate
High demand for skilled investigators
Competitive salary and benefits
Cons
High workload and tight deadlines
Exposure to potentially dangerous situations or individuals
High stress levels and emotional toll from dealing with victims of fraud
Need for constant vigilance and attention to detail
Long hours and irregular schedules
Fraud Investigator career paths
Key steps to become a fraud investigator
Explore fraud investigator education requirements
Start to develop specific fraud investigator skills
Skills 
Percentages Law Enforcement Agencies 7.16% Investigative Reports 6.39% Fraud Investigations 6.33% Criminal Justice 5.79% Financial Institutions 4.40% Complete relevant fraud investigator training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New fraud investigators learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a fraud investigator based on U.S. Bureau of Labor Statistics data and data from real fraud investigator resumes.Research fraud investigator duties and responsibilities
- Manage corporate-wide document production relative to complex litigation cases.
- Detect and investigate fraudulent transactions such as money laundering, check forgeries, unauthorize ACH transfers and debit card fraud.
- Review ISO reports and maintain close contact with police agencies working on fraud investigations.
- Pursue recovery of bank funds through ACH processes, restitution from perpetrator and customer through criminal and civil means.
Prepare your fraud investigator resume
When your background is strong enough, you can start writing your fraud investigator resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a fraud investigator resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose From 10+ Customizable Fraud Investigator Resume templates
Build a professional Fraud Investigator resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Fraud Investigator resume.
Apply for fraud investigator jobs
Now it's time to start searching for a fraud investigator job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How Did You Land Your First Fraud Investigator Job
Are you a Fraud Investigator?
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Average fraud investigator salary
The average Fraud Investigator salary in the United States is $49,010 per year or $24 per hour. Fraud investigator salaries range between $32,000 and $74,000 per year.
What Am I Worth?
How do fraud investigators rate their job?
Fraud Investigator reviews
The different people i wast able to help and prevent from being defrauded. Communicating and problem solving for my clients
when clients insisted on what they wanted
Updated January 8, 2025
