Loss Prevention Managers
SOC: 11-9199.08

Description:

Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.


National Salary Information:

Hourly Statistics:

Annual Statistics:

Source: Bureau of Labor Statistics 2015 wage data.


Alternate Titles:

  • Area Loss Prevention Manager
  • Associate Vice President
  • Director-Loss Prevention
  • District Loss Prevention Manager
  • Logistics Loss Prevention Manager
  • Loss Prevention Manager
  • Loss Prevention Officer
  • Loss Prevention Operations Manager
  • Loss Prevention Specialist
  • Loss Prevention Supervisor
  • Loss Prevention/Safety District Manager
  • Manager of Loss Prevention Operations
  • Market Asset Protection Manager
  • Regional Loss Prevention Manager
  • Senior Manager, Asset Protection
  • Store Loss Prevention Manager


  • Job Zone Four: Considerable Preparation Needed

    Experience:

    A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

    Education:

    Most of these occupations require a four-year bachelor's degree, but some do not.

    Job Training:

    Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.


    Required Skills:

  • Reading Comprehension
  • Active Listening
  • Writing
  • Speaking
  • Mathematics
  • Critical Thinking
  • Active Learning
  • Learning Strategies
  • Monitoring
  • Social Perceptiveness
  • Coordination
  • Persuasion
  • Negotiation
  • Instructing
  • Service Orientation
  • Complex Problem Solving
  • Operations Analysis
  • Technology Design
  • Programming
  • Operation Monitoring
  • Operation and Control
  • Troubleshooting
  • Quality Control Analysis
  • Judgment and Decision Making
  • Systems Analysis
  • Systems Evaluation
  • Time Management
  • Management of Financial Resources
  • Management of Material Resources
  • Management of Personnel Resources

  • Knowledge Used:

  • Administration and Management
  • Clerical
  • Economics and Accounting
  • Sales and Marketing
  • Customer and Personal Service
  • Personnel and Human Resources
  • Production and Processing
  • Food Production
  • Computers and Electronics
  • Engineering and Technology
  • Design
  • Building and Construction
  • Mechanical
  • Mathematics
  • Physics
  • Chemistry
  • Biology
  • Psychology
  • Sociology and Anthropology
  • Geography
  • Medicine and Dentistry
  • Therapy and Counseling
  • Education and Training
  • English Language
  • Foreign Language
  • History and Archeology
  • Philosophy and Theology
  • Public Safety and Security
  • Law and Government
  • Telecommunications
  • Communications and Media
  • Transportation


  • Tasks:

  • Review loss-prevention exception reports and cash discrepancies to ensure adherence to guidelines.
  • Perform cash audits and deposit investigations to fully account for store cash.
  • Provide recommendations and solutions in crisis situations such as workplace violence, protests, and demonstrations.
  • Monitor and review paperwork procedures and systems to prevent error-related shortages.
  • Maintain databases such as bad check logs, reports on multiple offenders, and alarm activation lists.
  • Investigate or interview individuals suspected of shoplifting or internal theft.
  • Direct installation of covert surveillance equipment, such as security cameras.
  • Advise retail establishments on development of loss-investigation procedures.
  • Visit stores to ensure compliance with company policies and procedures.
  • Verify correct use and maintenance of physical security systems, such as closed-circuit television, merchandise tags, and burglar alarms.
  • Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.
  • Supervise surveillance, detection, or criminal processing related to theft and criminal cases.
  • Recommend improvements in loss prevention programs, staffing, scheduling, or training.
  • Perform or direct inventory investigations in response to shrink results outside of acceptable ranges.
  • Hire or supervise loss-prevention staff.
  • Maintain documentation of all loss prevention activity.
  • Coordinate theft and fraud investigations involving career criminals or organized group activities.
  • Direct loss prevention audit programs including target store audits, maintenance audits, safety audits, or electronic article surveillance (EAS) audits.
  • Develop and maintain partnerships with federal, state, or local law enforcement agencies or members of the retail loss prevention community.
  • Coordinate or conduct internal investigations of problems such as employee theft and violations of corporate loss prevention policies.
  • Collaborate with law enforcement to investigate and solve external theft or fraud cases.
  • Assess security needs across locations to ensure proper deployment of loss prevention resources, such as staff and technology.
  • Analyze retail data to identify current or emerging trends in theft or fraud.
  • Advise retail managers on compliance with applicable codes, laws, regulations, or standards.
  • Monitor compliance to operational, safety, or inventory control procedures, including physical security standards.
  • Identify potential for loss and develop strategies to eliminate it.
  • Administer systems and programs to reduce loss, maintain inventory control, or increase safety.

  • Tools & Technology:

  • Closed circuit television CCTV monitoring systems
  • Fire alarm monitoring systems
  • Laptop computers
  • Multiline telephone systems
  • Personal computers
  • Physical access control systems
  • Security alarm systems
  • Video surveillance systems
  • Enabl-u Technologies APIS
  • Financial accounting software
  • IBM Lotus Notes
  • Inventory tracking software
  • MICROS XBR Loss Prevention
  • Microsoft Access
  • Microsoft Excel
  • Microsoft Office software
  • Microsoft Outlook
  • Microsoft PowerPoint
  • Microsoft Project
  • Microsoft SharePoint software
  • Microsoft Word
  • MySQL software
  • Personnel management software
  • Point of sale POS software programs
  • SAP software
  • Structured query language SQL
  • Time reporting software
  • Work scheduling software


  • management


    industry stats

    SOC: 11-0000

    Total Employed: 6,936,990

    Average Annual Salary: $115,020