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Fraud Investigation Manager Job Description

Job Descriptions January 2, 2014

Industries such as banking and insurance are some of the most lucrative fields in the world. These businesses have been proven ways to generate revenue for centuries. Unfortunately, fraud is a major issue for the people in these industries and a Fraud investigations manager’s job is never complete.

Insurance fraud

In the insurance industry, the company provides its clients with protection from a litany of disasters such as automobile wrecks, damage to their homes and even the loss of loved ones. Unfortunately, there is a small percentage of people who would seek to file fraudulent claims against the insurance company in order to receive compensation that they don’t deserve. One of the most common types of insurance fraud is worker’s compensation insurance fraud. In these cases, an employee of a company will attempt to receive payment for an injury that isn’t as bad as they claim or is altogether non-existent.

A fraud investigation manager is responsible for overseeing the fraud investigation agency that investigates all claims for the insurance company. These people save the honest Americans millions of dollars in higher premiums by minimizing the payouts given to people attempting to cheat the insurance company.

The fraud investigations manager may not actually investigate individual fraud cases. Instead, they institute the rules and regulations that prevent the company from being defrauded. They also oversee the entire fraud investigations department. A fraud investigation manager is also responsible for recouping any losses due to fraud. This requires the ideal candidate to cooperate with local, state and federal law enforcement agencies.

This position typically requires a candidate to have a bachelor’s degree in finance, business or some related field. A fraud investigation manager must also have a lot of real life experience, up to seven years in some cases. The ideal candidate must be a natural leader and have strong organization skills and the ability to communicate their ideas. Because the individuals have so many responsibilities, their salaries can reach over $100,000 annually. The average fraud investigation manager’s salary is around $96,000 dollars a year and the amount he or she earns can vary greatly based on experience.

Fraud would completely cripple some companies if no one were there to prevent the loss and reclaim lost money. These professionals keep everyone else insurance premiums and bank fees reasonable by preventing dishonest people from stealing. Anyone interested in a career as a fraud investigation manager must have excellent math skills and a desire to help his or her company succeed.

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Searching Searching ...

Matching School Ads
3 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Online Bachelor's programs include BBA, Criminal Justice, Psychology, IT, Healthcare Management & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
  • Provide a range of campus experiences and services online including advising, tutoring, student community, and career services
  • Give students and alumni access to career assistants who help with resumes, cover letters, job hunting, and more.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Become the leader you know you can be @ Ashford University
  • Apply Now! Classes Start Every Tuesday!
  • Online Courses
  • Financial Aid
  • Transferable Credits
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right IT, Computer Science, Cybersecurity, Software and Application Development, Web Design or Technology Management Degree Program for YOU.
  • Affordable and Flexible Information Technology Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect IT/Computer Science Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

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