Financial fraud examiner to insurance fraud investigator
A financial fraud examiner already meets 23% of what the insurance fraud investigator role asks for. The move turns on 10 required skills not yet in the profile.
71.3/ 100
1 How much of what an insurance fraud investigator is expected to do is already part of a financial fraud examiner’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the insurance fraud investigator role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
An insurance fraud investigator role treats 3 of its required skills as things a financial fraud examiner already does. You would walk in with these on day one.
- conduct financial audits
- detect financial crime
- fraud detection
What stands in the way is 10 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 6 skills that carry over, these are the ones fewest other occupations ask for. An insurance fraud investigator role needs them, and most people applying for one will not have them already. This is the part of a financial fraud examiner background worth leading with.
- already held detect financial crime information skills
- already held interpret law communication, collaboration and creativity
- already held prepare financial auditing reports information skills
- already held fraud detection services
- already held conduct financial audits information skills
- already held trace financial transactions information skills
All 6 carried skills, including the 3 the insurance fraud investigator role treats as required.
Table 3 · What you may need to learn
The 20 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn claims procedures required
- still to learn principles of insurance required
- still to learn insurance law required
- still to learn types of insurance required
- optional, not held debt systems optional
- still to learn assess customer credibility required
- still to learn interview insurance claimants required
- still to learn assist police investigations required
- optional, not held manage claims process optional
- optional, not held present evidence optional
- still to learn analyse claim files required
- still to learn review insurance process required
- optional, not held classify insurance claims optional
- optional, not held collect property financial information optional
- optional, not held manage claim files optional
- optional, not held analyse financial risk optional
- optional, not held document evidence optional
- optional, not held obtain financial information optional
- optional, not held perform debt investigation optional
- still to learn actuarial science required
Table 4 · Where to start
The 3 entries an insurance fraud investigator role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 actuarial science study this
- 02 analyse claim files practise this
- 03 assess customer credibility practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 6 skills that carry over
- already held conduct financial audits skill
- already held detect financial crime skill
- already held fraud detection knowledge
- already held interpret law skill
- already held prepare financial auditing reports skill
- already held trace financial transactions skill
10 supplementary skills, helpful but not required
- optional, not held classify insurance claims optional
- optional, not held collect property financial information optional
- optional, not held manage claim files optional
- optional, not held analyse financial risk optional
- optional, not held debt systems optional
- optional, not held document evidence optional
- optional, not held manage claims process optional
- optional, not held obtain financial information optional
- optional, not held perform debt investigation optional
- optional, not held present evidence optional
20 held skills the insurance fraud investigator role does not ask for
- not needed by the target role anti-dumping law knowledge
- not needed by the target role banking activities knowledge
- not needed by the target role criminal law knowledge
- not needed by the target role ensure compliance with accounting conventions skill
- not needed by the target role financial jurisdiction knowledge
- not needed by the target role financial products knowledge
- not needed by the target role financial statements knowledge
- not needed by the target role forensic intelligence knowledge
- not needed by the target role identify accounting errors skill
- not needed by the target role identify if a company is a going concern skill
- not needed by the target role international financial reporting standards knowledge
- not needed by the target role international law knowledge
- not needed by the target role interpret financial statements skill
- not needed by the target role liaise with managers skill
- not needed by the target role manage corporate bank accounts skill
- not needed by the target role national generally accepted accounting principles knowledge
- not needed by the target role perform forensic accounting skill
- not needed by the target role prepare financial statements skill
- not needed by the target role public offering knowledge
- not needed by the target role tax legislation knowledge
6 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn actuarial science required
- still to learn claims procedures required
- still to learn principles of insurance required
- still to learn insurance law required
- still to learn types of insurance required
- optional, not held debt systems optional
Common questions about this move
Can a financial fraud examiner become an insurance fraud investigator?
Yes, and it is a substantial move. A financial fraud examiner already covers 23% of what an insurance fraud investigator is expected to do: 6 skills carry over, 3 of which the insurance fraud investigator role treats as required.
What skills does a financial fraud examiner need to become an insurance fraud investigator?
10 required skills are missing, plus 10 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is actuarial science.
How hard is the move from financial fraud examiner to insurance fraud investigator?
Its learning distance is 71.3 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.