The average salary for a Fraud Investigator in South Africa is R320,468.
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R181k - R602k
R4k - R59k
R5k - R397k
R173k - R651k
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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. No matter the particul…Read more
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 Kpmg Consulting, Special Investigating Unit and Nedbank. 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 R307,650.
Fraud Investigator Job Listings
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Popular Skills for Fraud Investigator
Anti-Money Laundering (AML)
Skills in Fraud Investigation and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Anti-Money Laundering (AML), Data Analysis and Forensic Interviewing.
Pay by Experience Level for Fraud Investigator
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 R211,300 based on 9 salaries. An early career Fraud Investigator with 1-4 years of experience earns an average total compensation of R271,400 based on 115 salaries. A mid-career Fraud Investigator with 5-9 years of experience earns an average total compensation of R374,064 based on 79 salaries. An experienced Fraud Investigator with 10-19 years of experience earns an average total compensation of R431,954 based on 63 salaries. In their late career (20 years and higher), employees earn an average total compensation of R544,961.
Years of Experience
This data is based on 285 survey responses.