Fraud Analyst

Fraud Analyst We're a fast-growing, privately held insurance company on a path to become a leading U.S. retail platform. We believe every client and customer relationship holds the potential to grow into something greater, and the same is true for our people. As we grow, we're redefining how great talent connects with meaningful work; enabling our ambitious strategy while building a culture of high performance, creativity, and partnership. If you're energized by investigating fraud, collaborating across teams, and driving solutions that protect our customers and the business, you'll thrive here! About the Role We're looking for a Fraud Analyst who combines strong data skills with a detail-oriented, investigative mindset. In this role, you'll analyze transactions and patterns to detect and prevent fraudulent activity while supporting regulatory compliance. You'll work cross-functionally with operations, compliance, legal, and TPA partners to investigate alerts, produce meaningful reporting, and continuously improve fraud controls and processes. What You'll Do Detect, Investigate & Prevent Fraud Identify, investigate, and help prevent fraudulent activity across life insurance and annuity operations by reviewing transactions and monitoring potential red flags Research suspicious activity, document findings, and apply sound judgment to determine appropriate next steps Contact customers and agents to verify activity, resolve concerns, and maintain a positive, professional experience Strengthen Fraud Controls & Risk Mitigation Document and implement fraud prevention strategies, internal controls, and security enhancements Perform root-cause analysis on confirmed fraud activity to identify systemic issues and support long-term prevention efforts Stay current on fraud trends, emerging risks, and regulatory expectations to continuously strengthen controls Leverage fraud detection tools, system controls, and technology-enabled monitoring to proactively identify, prevent, and mitigate fraudulent activity Leverage Data & Reporting to Drive Insights Support daily and ongoing reporting by analyzing fraud-related activity and identifying trends Create clear, actionable reporting that informs decision-making and supports continuous improvement Use data and critical-thinking skills to recommend practical solutions that reduce risk and improve outcomes Partner Across the Business Collaborate closely with Legal, Compliance, Operations, and TPA partners to investigate alerts and enforce fraud controls Serve as a trusted partner to internal teams and external vendors by answering fraud-related inquiries and providing timely guidance Operate effectively in a complex, fast-paced environment while balancing investigative work with prevention initiatives Operate with Ownership & Professionalism Demonstrate initiative, accountability, and strong attention to detail while managing work independently Communicate clearly and professionally with internal and external stakeholders at all times Apply strong problem-solving skills and sound judgment to navigate sensitive and high-impact situations What You'll Bring Minimum 2 years in the insurance or Financial Services industry Experience in anti-fraud monitoring preferred Understanding of life and annuity operational processes Experience analyzing, measuring, and evaluating data through reporting Excellent verbal and written communication skills, at all levels of the organization Ability to effectively interact/interface with external parties – agents, distributors, customers, and vendors. Core Competencies Execution Excellence: Balances thorough investigation with timely resolution while managing multiple fraud reviews and priorities Risk & Customer Protection Focus: Safeguards customers and company assets through sound judgment, accuracy, and professionalism Analytical Thinking: Identifies patterns, investigates anomalies, and applies critical thinking to detect and prevent fraud Communication: Clear, timely, and professional with customers, agents, TPAs, and internal partners on sensitive matters Data Literacy: Uses reporting, trends, and analysis to inform decisions and strengthen fraud prevention controls Ownership & Accountability: Operates autonomously with strong attention to detail and follows issues through to resolution Collaboration: Partners effectively with Legal, Compliance, Operations, and external vendors to enforce fraud controls Adaptability: Thrives in a complex, regulated, and evolving environment with changing risks and priorities Strategic Mindset: Looks beyond individual cases to identify root causes and support long-term fraud mitigation strategies What We Offer A collaborative, inclusive environment that values authenticity, accountability, and partnership The opportunity to join the company at an exciting stage of growth, where colleagues are empowered to build what's next A variable compensation package with a base range of $70k-$78k A competitive benefits package including comprehensive medical, dental, and vision coverage; an HSA and 401(k) company match; paid time off; and employer-paid life and disability insurance Remote/hybrid work arrangement At Prosperity, we are committed to equal employment opportunities and encourage people from all backgrounds to apply. We make hiring decisions based on merit and do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, disability, or any other protected status. We strive for a meaningful interview experience for all candidates. If you need an adjustment or accommodation due to a disability or medical condition during the hiring process, please let your recruiter know.