Underwriting Fraud Analyst at The Concept Group

Job Summary

• The Underwriting Fraud Analyst will largely be responsible for monitoring, avoiding and mitigating risk to ensure that the organization is not exposed to fraud.

Duties & Responsibilities

• Interacts with members as needed who are reporting fraudulent activity.
• Reviews suspicious accounts for potential fraud.
• Reviews suspicious documentation submitted for both new transactions and loans.
• Review and Process all consumer statements on credit bureaus.
• Assist the Compliance department in compiling relevant information and narrative to make the determination if needed.
• Analyzes and conducts investigations of potentially fraudulent activity, to ensure minimal loss to the organization.
• Coordinates cross-functional communication, to resolve fraud situations and provides recommendations to resolve fraud.
• Collaborates with the internal audit department to monitor the underwriting activities, prevent and mitigate risks and potential losses.
• Maintains the fraud analytics database, tracks fraud trends and statuses of various types of fraud.
• Periodically train and educate the underwriting team to identify and respond to potential fraud trends and situations.
• Develop, build and prioritize risk into classes
• Compiles various reports for management, to update the status of current investigations, and necessary actions needed to either mitigate.
• Develops, maintains, and implements policies/procedures to detect and prevent fraudulent activity.
• Assists the internal audit and compliance analyst in investigating suspicious activity on account.

Requirements

• B.Sc in Finance, Accounting or any relevant field.
• Minimum of 2 years relevant experience, preferably in the financial sector
• Certified fraud/risk expert
• In-depth knowledge of IFRS principles and changes.
• Ability to effectively lead and direct a team and drive developed strategies.