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Associate Fraud Investigator Jobs in Virginia (NOW HIRING)

Koalafi

Fraud Investigator

Richmond, VA · On-site

$61K - $74K/yr

As a Fraud Investigator, you will monitor and research risk signals for both customers and ... Associates near one of our office locations may work in-office, hybrid, or remotely. Remote ...

Koalafi

Fraud Investigator

Richmond, VA · On-site

$61K - $74K/yr

As a Fraud Investigator, you will monitor and research risk signals for both customers and ... Associates near one of our office locations may work in-office, hybrid, or remotely. Remote ...

Koalafi

Fraud Investigator

Richmond, VA · On-site

$61K - $74K/yr

As a Fraud Investigator, you will monitor and research risk signals for both customers and ... Associates near one of our office locations may work in-office, hybrid, or remotely. Remote ...

Koalafi

Fraud Investigator

Arlington, VA

$61K - $74K/yr

As a Fraud Investigator, you will monitor and research risk signals for both customers and ... Associates near one of our office locations may work in-office, hybrid, or remotely. Remote ...

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All JobsAssociate Fraud Investigator JobsAssociate Fraud Investigator Jobs in Virginia

Associate Fraud Investigator information

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How much do associate fraud investigator jobs pay per hour?

As of Sep 2, 2026, the average hourly pay for associate fraud investigator in Virginia is $30.57, according to ZipRecruiter salary data. Most workers in this role earn between $21.92 and $35.05 per hour, depending on experience, location, and employer.

What does an associate fraud investigator do?

An Associate Fraud Investigator is responsible for assisting in the detection, investigation, and prevention of fraudulent activities within an organization. They collect and analyze data, interview witnesses or suspects, and help prepare reports on their findings. Their work often supports senior investigators in building cases and ensuring compliance with laws and company policies. Associate Fraud Investigators play a key role in protecting organizations from financial losses and reputational damage due to fraudulent actions.

What are the key skills and qualifications needed to thrive as an associate fraud investigator, and why are they important?

To thrive as an Associate Fraud Investigator, you need strong analytical skills, attention to detail, and a relevant degree in criminal justice, finance, or a related field. Familiarity with fraud detection software, case management systems, and sometimes certifications like CFE (Certified Fraud Examiner) are typically required. Excellent communication, critical thinking, and integrity are valuable soft skills that help build trust and effectively resolve cases. These competencies are crucial for accurately identifying fraudulent activities, ensuring compliance, and protecting organizational assets.

What are some typical challenges an associate fraud investigator might face and how can they be addressed?

Associate Fraud Investigators often encounter challenges such as distinguishing between genuine transactions and fraudulent activities, working under tight deadlines, and managing large volumes of complex data. To address these, it's important to develop strong analytical skills, remain detail-oriented, and build proficiency with fraud detection tools. Collaborating closely with senior investigators, compliance teams, and law enforcement can also help in overcoming obstacles and ensuring thorough investigations.

What is the difference between Associate Fraud Investigator vs Fraud Analyst?

AspectAssociate Fraud InvestigatorFraud Analyst
Required CredentialsHigh school diploma or equivalent; some roles may prefer a bachelor's degreeBachelor's degree in finance, criminal justice, or related field often preferred
Work EnvironmentFinancial institutions, insurance companies, or government agenciesFinancial services, banking, or insurance sectors
Employer & Industry UsageCommonly employed in entry-level roles within fraud prevention teamsOften involved in analyzing fraud patterns and data for prevention strategies

Both roles focus on detecting and preventing fraud, with Associate Fraud Investigators typically handling initial investigations and Fraud Analysts analyzing data to identify fraud trends. The roles often overlap in skills and work environment, but Fraud Analysts may require more advanced data analysis skills and a higher level of experience.

What are the most commonly searched types of Fraud Investigator jobs in Virginia?

The most popular types of Fraud Investigator jobs in Virginia are:

What cities in Virginia are hiring for Associate Fraud Investigator jobs?

Cities in Virginia with the most Associate Fraud Investigator job openings:

Associate Fraud Investigator jobs near you

Fraud Investigator

Koalafi

Richmond, VA • On-site

$61K - $74K/yr

Full-time

Posted 11 days ago

Job description

What You'll Do 

Koalafi partners with thousands of merchants across the country to offer point-of-sale financing and receives over a million customer applications per year. As a Fraud Investigator, you will monitor and research risk signals for both customers and merchants that could indicate some form of fraud is being committed. This includes a risk assessment during onboarding of new merchants, ongoing monitoring/review of merchant performance, and review of applications flagged for potential fraud. 

As a Fraud Investigator, you will look for systemic patterns in suspicious customer and merchant behavior and conduct deep dives/investigations to determine legitimacy. This includes identity theft, synthetic IDs, manipulated IDs, taking advantage of vulnerable persons, and taking advantage of family or friends. Fraud Investigators have several tools available to assist in their research, such as application data, internal system of record data, internet search data, and third-party fraud prevention tools. You will be expected to use these tools and proactively call potential fraud victims to reach as accurate a conclusion as possible. 

In this role you will: 

  • Identify systemic patterns in suspicious customer and merchant behavior and conduct investigations 
  • Review and evaluate all new merchant partners during onboarding to ensure we establish partnerships with properly licensed merchants that align with our intent 
  • Manage inbound fraud claims and perform ad hoc research into uncommon scenarios that could indicate foul play 
  • Leverage tools such as application data, internal system of record data, internet search data, and third-party fraud prevention tools to reach accurate investigation conclusions 
  • Collaborate across multiple departments, such as Sales, Operations, Fraud Analytics, and Compliance 

About You (Qualifications) 

  • 2+ years of relevant experience in fraud detection, investigation, or related financial services experience 
  • Strong pattern recognition and attention to detail, with a strong commitment to quality, accuracy, consistency, and confidentiality  
  • Ability to conduct thorough research using multiple data sources 
  • Experience documenting processes, procedures, and investigation findings 
  • Excellent verbal and written communication skills 
  • Strong interpersonal skills; you're comfortable having difficult conversations with merchants 
  • Strong sense of ownership and motivation to stop fraudsters 
  • Proficiency in tools like Microsoft Excel and Word; familiarity with fraud databases or investigative platforms is a plus 
  • Ability to work independently and efficiently, both in-person and on work from home days 
  • Experience working in a fast-paced, dynamic environment, with strong prioritization skills and ability to handle multiple responsibilities at once 
  • Bilingual (English/Spanish) preferred 
  • High school diploma, GED, or equivalent certification 

Location: Richmond, VA; Arlington, VA; or Remote (U.S.). Associates near one of our office locations may work in-office, hybrid, or remotely. Remote opportunities are available to candidates throughout the United States. 

Salary Range: $61,000-$74,000 per year (depending on experience and location)

Additional Compensation: This position will be eligible to participate in company bonus plan. 

The final salary offer will depend on factors including, but not limited to, experience, skills, and geographic location. The actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

Applications will be accepted until position is filled.

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