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A Fraud Prevention Specialist must have experience in conducting fraud analysis and risk management schemes. It is important for a Fraud Prevention Specialist to have analytical abilities in conducting investigations on cases that are potentially fraudulent. Basic computer skills in using Microsoft Word, Microsoft Excel and web- based applications are also required of a Fraud Prevention Specialist.
Information requests as well as cases assigned for fraud tasks will be forwarded to a Fraud Prevention Specialist. The Fraud Prevention Specialist reviews reports and monitors account transactions that are potentially fraudulent. In conducting investigations and finding fraud, a Fraud Prevention Specialist examines accounts to check any fraudulent or erroneous information. He may get leads from external and internal sources to pinpoint the fraud. After the investigation, the Fraud Prevention Specialist must summarize the key points of the investigation. It is also the job of the Fraud Prevention Specialist to identify patterns and trends to prevent future frauds. The Fraud Prevention Specialist also acts as a resource person assisting other fraud analysts.
It is also the job of a Fraud Prevention Specialist to keep tabs on transactions that may be potentially fraudulent. Once a potential risk or fraud has been identified, the Fraud Prevention Specialist contacts customers to confirm their account activities. In the event that a fraudulent activity actually takes place, the Fraud Prevention Specialist must take corrective measures.
Tell us about your experience as a Fraud Prevention Specialist . How much you earned, who your employer was, how much education was required or anything that pertains to this career. Help others who are trying to enter into this field. All information is kept anonymous.