Fraud Investigator Salary (India)
The average salary for a Fraud Investigator is Rs 351,353 per year. A skill in Risk Management / Risk Control is associated with high pay for this job. People in this job generally don't have more than 10 years' experience.
|Range||Rs 0Rs 1M|
|Salary||Rs 248,079 - Rs 978,753|
|Bonus||Rs 1,973 - Rs 342,550|
|Profit Sharing||Rs 0.00 - Rs 456,153|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|Rs 254,360 - Rs 1,270,000|
Job Description for Fraud Investigator
In general, fraud investigators work to determine whether individuals or organizations have attempted deception to realize a financial benefit. Fraud investigation applications are numerous, and so fraud investigators typically specialize in a particular field, such as insurance or accounting. The vast majority of fraud investigator work within the field of insurance, due to the high inherent potential for insurance fraud and the volume of fraud cases that occur annually.Read More...
No matter the particular field, the primary duties of fraud investigators involve examining evidence, performing data analysis and interviewing involved parties in an effort to determine whether an attempt at fraud has occurred. In the insurance industry, where most fraud investigators work, the typical case begins with an informant’s tip or a flag triggered by automatic computer analysis of insurance claims. The investigator then opens the case to determine whether the individual has staged events for a claim or has requested compensation for unnecessary claims.
To enter the field of fraud investigation, individuals generally must possess a high school diploma or equivalent; however, companies usually give hiring preference to applicants with related experience or college-level education. In terms of work history, employers view former police officers, private investigators, and insurance adjusters favorably, as these roles are associated with interviewing and evidence analysis skills. Correspondingly, fraud investigators must be both analytically minded and excellent communicators with strong verbal abilities.
Fraud investigators typically work regular business hours in an office environment, especially within the financial or insurance fields. However, some amount of fieldwork is often necessary, and investigators are occasionally required to stand as witnesses in court. (Copyright 2018 PayScale.com)
Fraud Investigator Tasks
- Investigate fraud by obtaining statements of fact, depositions or confessions from complainants, employers and witnesses.
- Oversee the development and implementation of fraud prevention, detection and resolution strategies.
- Research records and obtain, analyze, and appraise evidentiary data.
- Perform desk and on-site investigational audits.
- Develop, perform, and present fraud cases.
Fraud Investigator Pay By Employer
Capital One Financial Corp
J.P. Morgan Chase & Co. (JPMCC)
The PNC Financial Services Group, Inc.
SunTrust Banks Inc.
Bank of America Corp. (BOFA)
Wells Fargo Bank
Fraud Investigator Job Listings
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Key Stats for Fraud Investigator
Rated 5 out of 5
based on 9 votes.