Claims Fraud Analyst

Job Description:

Claims Fraud Analyst

Join us in our mission to protect and serve our clients while advancing your career in a fast paced and supportive environment.

• Analyze claims for signs of fraud or suspicious activity.
• Conduct thorough investigations to verify the legitimacy of claims, including interviews, evidence collection, and surveillance.
• Identify patterns of fraud, track emerging trends, and work to uncover fraudulent schemes.
• Review claim data to spot anomalies or red flags.
• Utilize fraud detection tools, software, and databases to assist in identifying fraudulent claims.
• Maintain accurate records of findings and investigations for legal or compliance purposes.
• Work closely with claims assessors, investigators and legal team when required.
• Communicate findings, collaborate with other departments and escalate potential fraud cases and trends to key stakeholders and management.
• Provide training to claims staff on fraud detection techniques and red flags.
• Prepare detailed reports on investigations, findings, and recommendations.
• Ensure that investigations comply with industry regulations, company policies, and legal standards.
• Keep up to date with fraud-related legislation and best practices.
• Maintain organized and up-to-date case files, ensuring compliance with regulatory requirements.
• Propose and implement measures to reduce fraud risk, including process improvements and enhanced fraud detection methods.
• Assist in the development of fraud prevention programs and initiatives for the company.

• Data accuracy and integrity
• Scope of potential fraud cases to identify and monitor
• Manual Discovery Processes -System Limitations
• Complex data sets

• Analytics support
• Trend Analysis
• Continuous Improvement
• Educate employees

• Accuracy of Analysis- Reliability of the data analysis and conclusions.
• Stakeholder Satisfaction- Positive feedback from partners on the quality and usefulness of analyses and recommendations.
• Impact of Recommendations- The effectiveness of implemented recommendations in improving processes affecting outcomes.
• Continuous Improvement.

• Bachelor’s degree or equivalent relevant experience
• A minimum of 5-7 years experience in claims handling, fraud investigation, insurance, or a related field.
• Strong investigative skills, critical thinking and attention to detail.
• Technical proficiency and a thorough understanding of data analysis software, fraud detection systems and cybersecurity measures.
• Familiarity with machine learning and artificial intelligence.
• Familiarity with financial regulatory compliance and insurance industry standards.
• Strong written and verbal communication skills.
• Excellent communication skills in English and French (French is considered an asset) English will be used in particular to carry out daily follow-ups with other departments in our various offices, whether in Ontario, or elsewhere.
• Full proficiency in Microsoft Office Suite with advanced Excel and Database skills.
• Familiarity with claims management processes and insurance industry standards.
• Analytical skills to interpret complex data sets.
• Strong communication skills to present findings clearly to stakeholders.
• Problem-solving skills to identify and address issues in data and processes.
• Ability to work independently and as part of a team.
• Ability to manage multiple tasks and prioritize effectively.
• Ability to adapt to changing requirements and environments.
• Detail-oriented with the ability to apply critical thinking to ensure a commitment to accuracy.
• Proactive and self-motivated.
• Continuous learner and curiosity; staying updated with industry trends and best practices.
• Ethical judgement and integrity.

When you apply:

If you require assistance or accommodation during our recruitment process, please notify Human Resources so that we can review and consider how we may be able to assist you based on your individual needs.

We offer you:

• We offer a competitive compensation package that includes a base salary, performance bonus and an extensive benefit package;
• A professional future with opportunities for development, growth, and advancement;
• RRSP Match program;
• Work/life balance, health and wellness initiatives including an excellent EAP program;
• Employee engagement programs that focus on fitness, food, and fun.

To get a taste of the Global Excel life and for more information on our company, visit our Facebook page and website: