Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.
Overview
Tasks
Skills
Median Annual Wage: $105,060
Education: Bachelor's degree (58%); Associate's degree (13%); Some college, no degree (13%)
Projected Growth: Slower than average (3% to 7%)
Related Job Titles: Director-Loss Prevention; District Loss Prevention Manager; Logistics Loss Prevention Manager; Loss Prevention Manager; Loss Prevention Operations Manager; Loss Prevention/Safety District Manager; Manager of Loss Prevention Operations; Market Asset Protection Manager; Regional Loss Prevention Manager; Senior Manager, Asset Protection
Identify potential for loss and develop strategies to eliminate it.
Perform or direct inventory investigations in response to shrink results outside of acceptable ranges.
Coordinate or conduct internal investigations of problems such as employee theft and violations of corporate loss prevention policies.
Investigate or interview individuals suspected of shoplifting or internal theft.
Supervise surveillance, detection, or criminal processing related to theft and criminal cases.
Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.
Monitor compliance to operational, safety, or inventory control procedures, including physical security standards.
Hire or supervise loss-prevention staff.
Visit stores to ensure compliance with company policies and procedures.
Recommend improvements in loss prevention programs, staffing, scheduling, or training.
Review loss-prevention exception reports and cash discrepancies to ensure adherence to guidelines.
Direct loss prevention audit programs including target store audits, maintenance audits, safety audits, or electronic article surveillance (EAS) audits.
Verify correct use and maintenance of physical security systems, such as closed-circuit television, merchandise tags, and burglar alarms.
Provide recommendations and solutions in crisis situations such as workplace violence, protests, and demonstrations.
Analyze retail data to identify current or emerging trends in theft or fraud.
Assess security needs across locations to ensure proper deployment of loss prevention resources, such as staff and technology.
Develop and maintain partnerships with federal, state, or local law enforcement agencies or members of the retail loss prevention community.
Maintain documentation of all loss prevention activity.
Monitor and review paperwork procedures and systems to prevent error-related shortages.
Collaborate with law enforcement to investigate and solve external theft or fraud cases.
Advise retail managers on compliance with applicable codes, laws, regulations, or standards.
Coordinate theft and fraud investigations involving career criminals or organized group activities.
Advise retail establishments on development of loss-investigation procedures.
Direct installation of covert surveillance equipment, such as security cameras.
Maintain databases such as bad check logs, reports on multiple offenders, and alarm activation lists.
Perform cash audits and deposit investigations to fully account for store cash.
Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
Speaking - Talking to others to convey information effectively.
Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Time Management - Managing one's own time and the time of others.
Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Coordination - Adjusting actions in relation to others' actions.
Writing - Communicating effectively in writing as appropriate for the needs of the audience.
Instructing - Teaching others how to do something.