The average salary for a Fraud Investigator in South Africa is R340,296.
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What Do Fraud Investigators Do?
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.
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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.
Popular Employer Salaries for Fraud Investigator
The top respondents for the job title Fraud Investigator are from the companies Nedbank, Kpmg Consulting and Special Investigating Unit. Reported salaries are highest at Special Investigating Unit where the average pay is R467,769. Other companies that offer high salaries for this role include Absa, earning around R423,890. Kpmg Consulting pays the lowest at around R238,200. Nedbank also pays on the lower end of the scale, paying R415,300.
Explore the most common career paths for Fraud Investigator. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Anti-Money Laundering Analyst
Somewhat common (8 - 20%)
Fraud Investigator Job Listings
What Are Popular Skills for Fraud Investigators?
Skills in Fraud Investigation, Forensic Interviewing and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Anti-Money Laundering (AML) and Data Analysis.
What is the Pay by Experience Level for Fraud Investigators?
An entry-level Fraud Investigator with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of R257,500 based on 8 salaries. An early career Fraud Investigator with 1-4 years of experience earns an average total compensation of R278,926 based on 115 salaries. A mid-career Fraud Investigator with 5-9 years of experience earns an average total compensation of R382,720 based on 70 salaries. An experienced Fraud Investigator with 10-19 years of experience earns an average total compensation of R416,806 based on 58 salaries. In their late career (20 years and higher), employees earn an average total compensation of R579,294.
Years of Experience
This data is based on 267 survey responses.