Financial Consultant - Fraud Analytics

Travelers • Hartford, CT

2d

About The Position

The Claim Finance Fraud Analytics team translates raw data into actionable insights and alerts designed to deter, detect, and prevent fraudulent financial activity. As a Financial Consultant on the Fraud Analytics team, you will evaluate reports of unusual trends and suspicious payment patterns, strengthen fraud analytics capabilities, and escalate issues to business partners to protect the organization from financial risk. You will also perform accounting, finance and internal control functions, identify opportunities to streamline workflows, and support Claim Finance initiatives.

Requirements

• Bachelor’s Degree in finance, accounting, related degree or equivalent experience.

Nice To Haves

• Bachelor’s degree in Finance, Accounting, Economics, or professional designations such as CPA, CFE or comparable advanced professional education.
• 1-2 years of relevant work experience preferred.
• Strong attention to detail and analytical mindset to gather, interpret, and analyze data while identifying unusual patterns or trends.
• Problem-solving mindset with a focus on process improvement and efficiency.
• Knowledge of Financial Analysis concepts and processes, and accounting practices and principles.
• Written and verbal communication skills with the ability to pay attention to detail and effectively convey information.
• Ability to leverage analytical skills access and gather data and understanding of what the data represents.
• Eagerness to learn fraud detection techniques and internal control processes.
• Experience using Microsoft Office (e.g., Excel, Word, Outlook, PowerPoint), basic programming knowledge, such as SQL and Snowflake for data querying and analysis, and familiarity with AI tools and application.
• Working knowledge of the insurance industry.
• Time management/ prioritization skills and ability to solve problems and make recommendations.
• Takes responsibility for decisions and actions.
• Intermediate project management skills.
• Ability to manage multiple priorities and meet deadlines.

Responsibilities

• Prepare, evaluate, and validate fraud detection, financial and operational reports.
• With supervision, perform analysis and interpretation of trends and unusual payment activity, collaborating with cross-functional peers to validate findings and escalate potential fraud concerns.
• Analyze, interpret, and validate trends and variances in business performance, while partnering with cross functional peers on limited basis.
• Support Claim Field partners with financial workflow troubleshooting and error resolution.
• Assist with financial controls in accordance with Sarbanes-Oxley requirements.
• Learn and utilize appropriate tools and workflows to identify fraudulent activity and support the control environment.
• Support the execution of the Fraud Prevention & Detection Framework under manager guidance.
• Prepare and review financial activities for various lines of business, including journal entries and account reconciliations.
• Synthesize and present exhibits, results, and observations to direct manager and team members.
• Support your financial partners in the preparation of analyses to support business strategy.
• Perform other duties as assigned.

Benefits

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees