Loss Prevention Manager Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.
Loss Prevention Manager is Also Know as
In different settings, Loss Prevention Manager is titled as
- Asset Protection Manager
- Logistics Loss Prevention Manager
- Loss Control Manager
- Loss Prevention Director
- Loss Prevention Manager
- Loss Prevention Operations Director
- Loss Prevention Operations Manager
- Loss Prevention Supervisor
- Market Asset Protection Manager
Education and Training of Loss Prevention Manager
Loss Prevention Manager is categorized in Job Zone Four: Considerable Preparation Needed
Experience Required for Loss Prevention Manager
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 Required for Loss Prevention Manager
Most of these occupations require a four-year bachelor's degree, but some do not.
Degrees Related to Loss Prevention Manager
- Bachelor in Digital Communication and Media/Multimedia
- Associate Degree Courses in Digital Communication and Media/Multimedia
- Masters Degree Courses in Digital Communication and Media/Multimedia
- Bachelor in Information Technology Project Management
- Associate Degree Courses in Information Technology Project Management
- Masters Degree Courses in Information Technology Project Management
- Bachelor in Archives/Archival Administration
- Associate Degree Courses in Archives/Archival Administration
- Masters Degree Courses in Archives/Archival Administration
- Bachelor in Systems Science and Theory
- Associate Degree Courses in Systems Science and Theory
- Masters Degree Courses in Systems Science and Theory
- Bachelor in Cultural Resource Management and Policy Analysis
- Associate Degree Courses in Cultural Resource Management and Policy Analysis
- Masters Degree Courses in Cultural Resource Management and Policy Analysis
- Bachelor in Economics and Computer Science
- Associate Degree Courses in Economics and Computer Science
- Masters Degree Courses in Economics and Computer Science
Training Required for Loss Prevention Manager
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Related Ocuupations
Some Ocuupations related to Loss Prevention Manager in different industries are
- Compliance Managers
- Financial Risk Specialists
- Information Security Engineers
- Security Management Specialists
- Management Analysts
- Emergency Management Directors
- Health and Safety Engineers, Except Mining Safety Engineers and Inspectors
- Security Managers
- Fraud Examiners, Investigators and Analysts
- Business Continuity Planners
- Retail Loss Prevention Specialists
- Private Detectives and Investigators
- Medical and Health Services Managers
- Information Security Analysts
- Compensation, Benefits, and Job Analysis Specialists
- Occupational Health and Safety Specialists
- Environmental Compliance Inspectors
- Social and Community Service Managers
- Occupational Health and Safety Technicians
- Recycling Coordinators
What Do Loss Prevention Manager do?
- 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.
Qualities of Good Loss Prevention Manager
- 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 that there is a problem.
- Oral Comprehension: The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Near Vision: The ability to see details at close range (within a few feet of the observer).
- Written Comprehension: The ability to read and understand information and ideas presented in writing.
- Written Expression: The ability to communicate information and ideas in writing so others will understand.
- Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
- Inductive Reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Speech Clarity: The ability to speak clearly so others can understand you.
- Speech Recognition: The ability to identify and understand the speech of another person.
- Originality: The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
- Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
- Selective Attention: The ability to concentrate on a task over a period of time without being distracted.
- Flexibility of Closure: The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
- Fluency of Ideas: The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
- Far Vision: The ability to see details at a distance.
- Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
- Speed of Closure: The ability to quickly make sense of, combine, and organize information into meaningful patterns.
- Perceptual Speed: The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
- Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
- Memorization: The ability to remember information such as words, numbers, pictures, and procedures.
- Visualization: The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged.
- Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
- Visual Color Discrimination: The ability to match or detect differences between colors, including shades of color and brightness.
- Time Sharing: The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources).
- Auditory Attention: The ability to focus on a single source of sound in the presence of other distracting sounds.
- Hearing Sensitivity: The ability to detect or tell the differences between sounds that vary in pitch and loudness.
- Trunk Strength: The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without "giving out" or fatiguing.
- Multilimb Coordination: The ability to coordinate two or more limbs (for example, two arms, two legs, or one leg and one arm) while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion.
- Response Orientation: The ability to choose quickly between two or more movements in response to two or more different signals (lights, sounds, pictures). It includes the speed with which the correct response is started with the hand, foot, or other body part.
- Static Strength: The ability to exert maximum muscle force to lift, push, pull, or carry objects.
- Explosive Strength: The ability to use short bursts of muscle force to propel oneself (as in jumping or sprinting), or to throw an object.
- Dynamic Strength: The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.
- Manual Dexterity: The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.
- Finger Dexterity: The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
- Gross Body Coordination: The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.
- Depth Perception: The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object.
- Gross Body Equilibrium: The ability to keep or regain your body balance or stay upright when in an unstable position.
- Stamina: The ability to exert yourself physically over long periods of time without getting winded or out of breath.
- Speed of Limb Movement: The ability to quickly move the arms and legs.
- Reaction Time: The ability to quickly respond (with the hand, finger, or foot) to a signal (sound, light, picture) when it appears.
- Extent Flexibility: The ability to bend, stretch, twist, or reach with your body, arms, and/or legs.
- Control Precision: The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions.
- Arm-Hand Steadiness: The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position.
- Wrist-Finger Speed: The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.
- Peripheral Vision: The ability to see objects or movement of objects to one's side when the eyes are looking ahead.
- Spatial Orientation: The ability to know your location in relation to the environment or to know where other objects are in relation to you.
- Dynamic Flexibility: The ability to quickly and repeatedly bend, stretch, twist, or reach out with your body, arms, and/or legs.
- Night Vision: The ability to see under low-light conditions.
- Glare Sensitivity: The ability to see objects in the presence of a glare or bright lighting.
- Sound Localization: The ability to tell the direction from which a sound originated.
- Rate Control: The ability to time your movements or the movement of a piece of equipment in anticipation of changes in the speed and/or direction of a moving object or scene.
Tools Used by Loss Prevention Manager
- 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
Technology Skills required for Loss Prevention Manager
- Enabl-u Technologies APIS
- Enterprise application integration EAI software
- Financial accounting software
- IBM Lotus Notes
- Inventory tracking software
- MICROS XBR Loss Prevention
- Microsoft Access
- Microsoft Excel
- Microsoft Office software
- Microsoft operating system
- Microsoft Outlook
- Microsoft PowerPoint
- Microsoft Project
- Microsoft SharePoint
- Microsoft Windows
- Microsoft Word
- MySQL
- Personnel management software
- Point of sale POS software
- SAP software
- Structured query language SQL
- Time reporting software
- Work scheduling software