Website FEM
THE FEDERATED EMPLOYERS MUTUAL ASSURANCE COMPANY (RF) PROPRIETARY LIMITED was established as a mutual insurer in 1936 and on the introduction of the Workmen's Compensation Act 1941 was granted a licence to continue to transact workmen's compensation insurance for the building industry. Its busine… read moress operations are essentially confined to the insurance of employers against their liabilities under the Compensation for Occupational Injuries and Diseases Act 1993.
The role will work closely with Finance, Claims, Legal, and Policy maintenance & Premium teams to deliver insightful analyses, uncover financial misconduct, and make recommendations that support ethical and transparent operations.
Key Responsibilities
Use data analysis tools e.g excel and other forensic tools to trace transactions and detect anomalies
Identify suspicious financial activity and irregularities in the operational departments, including claims, premium and the other departments
Investigate suspicious financial activity and irregularities
Perform forensic audits and field investigations
Compile detailed investigation reports with findings, evidence, and recommendations
Work with Legal and HR on disciplinary and regulatory matters when misconduct is confirmed
Proactively identify control weaknesses and recommend improvements to mitigate fraud risk
Support the development of FEM’s fraud risk management framework and awareness initiatives
Minimum Requirements
Professional certification such as Certified Fraud Examiner (CFE), Certified in Financial Forensics (CFF), or relevant forensic auditing qualifications
3–5 years of experience in forensic auditing, fraud investigation, or financial crime analysis
Strong analytical skills, ethical judgement, and attention to detail
Excellent written and verbal communication skills
Proficiency in data analysis tools (e.g. Excel and other tools)
Preferred Qualifications and Experience
Bachelor’s Degree in Forensic Accounting
Professional certification such as Certified Fraud Examiner (CFE), Certified in Financial Forensics (CFF), or relevant forensic auditing qualifications
Experience in the insurance industry, particularly related to claims and premium fraud
Knowledge of COIDA, the Insurance Act, and other relevant regulatory frameworks
Fraud detection and investigation experience
Deadline:25th August,2025
Apply via company website ( N / A ) or
fema.simplify.hr