Senior Fraud Analyst

AAA Life Insurance Company•Livonia, MI

9d•Hybrid

About The Position

AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.

Requirements

Bachelor's Degree preferred; degree in related discipline, such as criminal justice, risk management, business, or law. A combination of education and relevant work experience can be substituted for a degree.
Minimum three years of relevant experience in life insurance, financial services, or related industry.
Experience or training in interviewing techniques, testifying in front of tribunals, and report writing.
Experience using data analytics tools, reporting platforms, or business intelligence solutions to identify fraud trends, assess risk, and support process or control improvement initiatives.
Strong proficiency with Windows-based applications (e.g., Excel, reporting systems, case management platforms), with the ability to quickly learn and apply new systems and technologies.

Nice To Haves

Membership in an investigative association, such as CFE, ICA Fraud Committee, IASIU, NICB, or CFCI, a plus
Certifications such as Certified Fraud Examiner (CFE), Certified Financial Crimes Investigator (CFCI), or Certified Anti-Money Laundering Specialist (CAMS) are strongly preferred.
Prior experience in fraud analysis, investigations, financial crimes, risk management, compliance, law enforcement, or similar disciplines is strongly preferred, particularly within life insurance environment.

Responsibilities

Lead advanced reviews and trend analyses of complex fraud patterns across multiple lines of business—including life insurance, annuities, and accident & health products—to identify and address potential suspicious activity.
Analyze large data sets to uncover emerging fraud typologies and conduct root cause analyses to determine systemic vulnerabilities.
Support fraud investigations through detailed case development, analytical review of suspected fraud, and evaluation of referrals.
Evaluate claims, transactions, applications, and account activities to identify fraud indicators and inform escalation decisions.
Monitor fraud across the network, serve as a primary contact for investigations, and collaborate with internal partners to execute fraud policies and develop proactive prevention strategies.
Implement and enhance fraud risk metric monitoring through research, resolution of risk events, and the development of mitigation levers.
Accurately document all investigative steps and findings, interact with business units and external agencies, and take appropriate actions to protect company assets and ensure compliance with regulatory requirements.