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
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Source: O*NET OnLine information for Loss Prevention Managers.
More Management Careers
- 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.
Source: O*NET OnLine information for Loss Prevention Managers.
- Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
- 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.
- Coordination - Adjusting actions in relation to others' actions.
- Writing - Communicating effectively in writing as appropriate for the needs of the audience.
- 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.
- Persuasion - Persuading others to change their minds or behavior.
Source: O*NET OnLine information for Loss Prevention Managers.