Forensic Analyst

Federated Employers Mutual Assurance Company (RF) Proprietary Limited (FEM); Gauteng; On-site; ZAR 200,000 - 300,000; Full time

Job summary

A leading insurance company in Gauteng is seeking a Forensic Analyst to investigate financial records for irregularities and conduct forensic audits. The ideal candidate has 3–5 years of experience in forensic auditing and possesses strong analytical skills. This role ensures compliance with regulations and internal controls while recommending improvements to mitigate fraud risk. FEM offers a competitive remuneration package and encourages candidates with a strong background in fraud detection to apply.

Benefits

Competitive total cost to company remuneration

Good benefits

Qualifications

• 3–5 years of experience in forensic auditing.
• Background in fraud investigation or financial crime analysis.
• Knowledge of insurance industry regulations.

Responsibilities

• Investigate and analyse financial records for irregularities.
• Conduct forensic audits and field investigations.
• Compile detailed investigation reports with findings.

Skills

Strong analytical skills

Attention to detail

Excellent written communication

Excellent verbal communication

Proficiency in data analysis tools

Education

Bachelor’s Degree in Forensic Accounting

Professional certification (CFE, CFF)

Tools

Excel

Job description

FEM is looking to appoint a Forensic Analyst at its Head Office within the Operational Finance department, reporting to the Senior Manager: Operational Finance. The purpose of the role is to investigate and analyse financial records and transactions to uncover irregularities, identifying fraud risks, conducting forensic audits, and performing field investigations when required. The Forensic Analyst will play a critical role in ensuring compliance with internal controls, and regulatory requirements while verifying the accuracy and validity of information.

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

If you have a strong background in fraud detection and financial investigations and are passionate about upholding integrity within the insurance sector, we encourage you to apply.

We have offices regionally in Cape Town, Durban and Johannesburg. The Operational Finance team in based in Rosebank, Johannesburg. In exchange for the candidate’s successful services, FEM offers a competitive total cost to company remuneration with good benefits.

Candidates are invited to submit a detailed CV by close of business on 25 August 2025.

Applications may not be considered if the minimum criteria of the position are not met.

People with disabilities are welcome to apply. FEM promotes the principles of Employment Equity and the appointment of this candidate is at FEM's sole discretion.