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Loss Prevention Managers

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

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

    • Reading Comprehension

      Understanding written sentences and paragraphs in work related documents.

    • Speaking

      Talking to others to convey information effectively.

    WorkKeys®
    Applied Math
    5
    Workplace Documents
    5
    Graphic Literacy
    5
    Abilities
    • Oral Expression

      The ability to communicate information and ideas in speaking so others will understand.

    • Problem Sensitivity

      The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.

    • Near Vision

      The ability to see details at close range (within a few feet of the observer).

    Knowledge
    • Public Safety and Security

      Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.

    • Law and Government

      Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

    • Administration and Management

      Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

    Career Video
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    Pay
    • Ohio Annual Salary $97,600/yr
    • Typical Salary
    • Ohio Hourly Wage $46.92/hr
    • Typical Hourly Wage
    Ohio Employment Trends
    • Currently Employed 24,170
    • Yearly Projected Openings 1,930
    Typical Education
    Personality
    Enterprising: People interested in this work like activities that include leading, making decisions, and business. They do well at jobs that need:
    • Integrity
    • Dependability
    • Leadership
    • Self Control
    • Attention to Detail
    • Initiative
    Tools
    • Video monitors
    • Special purpose telephones
    • Personal computers
    • Notebook computers
    • Alarm systems
    Technology
    • Project management software
    • Operating system software
    • Human resources software
    • Electronic mail software
    • Data base user interface and query software
    Tags
    • InDemand occupations are considered a priority by the state of Ohio.