Fraud Intelligence Analyst

Job Description

Fraud Intelligence Analyst - Motor InsuranceLocation - Tunbridge Wells, Kent (Hybrid role- a mixture of work from home and office)Salary - £22,000 - £24,000 + competitive benefits packages Mon-Fri-9am-5pm My client is an innovative and entrepreneurial group of companies specialising in Motor Insurance Services. The group has recently become one of the UKs largest motor insurance providers and is expanding rapidly!Due to continued growth, they are currently seeking an analytical individual to join Fraud Intelligence Team based in Tunbridge Wells.The Intelligence Analyst will proactively help to reduce the companys exposure to Motor Insurance Fraud through the effective assessment and handling of financial crime intelligence.Your role will be to analyse a wide range of data from a variety of sources to assist in identifying fraud rings and their key entities and evaluate the threat to the business and direct investigations in line with organisational processes and objectives.Responsibilities:

• Collate and validate intelligence and evaluate the reliability of sources and credibility of information
• Undertake background inquiries and analysis on suspect motor claims/policies and fraud rings to build up an intelligence picture
• Deliver information informal reports
• Prepare and submit IFED Referrals for Policy Fraud
• Screening suspect motor policies and claims against known fraud indicators and other risk factors and thereafter identifying cases where analysis and investigation is required
• Management of policy fraud rings, identifying wider exposure, and taking action to prevent further exposure.
• Analyse data using specialist data mining/fraud management software and a variety of desktop tools as well as various internet checks and databases to assist with profiling and to determine the direction of the investigation
• Oversee and/or take part in system search trials and provide results to Policy Fraud Manager on the adverse results
• Conduct Open Source Investigation to create Desktop Research Reports that will aid Investigators and be included as referrals to the IFB and IFED
• Maintaining close links with teams within the Counter Fraud Department to ensure effective processes are in place for the co-ordination of cross-divisional enquiries/operations
• Assist in making sure the team is the hub of all Counter Fraud intelligence for a seamless process
• Assisting with the production of Fraud Statistics, Management Information, and Root Cause Analysis
• Attending market intelligence forums to ensure awareness remains current and provide updates to the Intelligence Team and other areas of the business where relevant
• Assist the Administrative staff in processing the incoming Intelligence as and when necessary
• Developing and maintaining effective relationships with colleagues and business partners
• Pro-actively managing personal training and development requirements
• Responding promptly and pro-actively to incoming telephone calls and correspondence by use of telephone, e-mail, and letter
• Continuously promote and adhere to our Customer Charter promises and Visions & Value

Skills Required:

• Self-Starter
• Strategic Thinker
• Excellent Microsoft Office skills, including Excel
• Experience of insurance fraud an advantage
• Data analysis experience desirable

The company offers, a highly competitive remuneration package, excellent benefits, and fantastic opportunities for personal and long career development in a rewarding environment working for one of The Sunday Times best companies to work for in the UK.