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Loss Prevention Managers

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What You Need to Know About Loss Prevention Managers

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

Life as a Loss Prevention Manager: What Do They Do?

  • Supervise surveillance, detection, or criminal processing related to theft and criminal cases.
  • Perform or direct inventory investigations in response to shrink results outside of acceptable ranges.
  • Visit stores to ensure compliance with company policies and procedures.
  • Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.
  • Direct installation of covert surveillance equipment, such as security cameras.
  • Review loss-prevention exception reports and cash discrepancies to ensure adherence to guidelines.

Loss Prevention Manager Required Skills

Below is a list of the skills most Loss Prevention Managers say are important on the job.

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

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.

Speaking: Talking to others to convey information effectively.

Time Management: Managing one’s own time and the time of others.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Types of Loss Prevention Manager Jobs

  • Associate Vice President
  • Director-Loss Prevention
  • Loss Prevention Specialist
  • Senior Manager, Asset Protection
  • Store Loss Prevention Manager

Loss Prevention Manager Employment Estimates

There were about 992,100 jobs for Managers in 2016 (in the United States).

New jobs are being produced at a rate of 8% which is lower than average. The Bureau of Labor Statistics predicts 79,500 new jobs for Loss Prevention Managers by 2026. Due to new job openings and attrition, there will be an average of 79,200 job openings in this field each year.

Forecasted Number of Jobs for Loss Prevention Managers in U.S.

The states with the most job growth for Managers are California, Florida, and Washington.

Watch out if you plan on working in Vermont, Maine, or South Dakota. These states have the worst job growth for this type of profession.

Do Loss Prevention Managers Make A Lot Of Money?

Managers Make between $52,550 and $183,430 a year. The median salary is $107,480.

Salary Ranges for Loss Prevention Managers

How much do Managers make in each U.S. state?

Annual Mean Salary by State
State Annual Mean Salary

District of Columbia

$147,460

California

$143,350

New Jersey

$138,820

Colorado

$138,490

Virginia

$134,500

Delaware

$134,410

Massachusetts

$131,450

Connecticut

$129,730

Minnesota

$128,590

Pennsylvania

$126,290

Washington

$125,490

New York

$124,160

New Hampshire

$123,580

Texas

$122,130

Maryland

$122,050

North Carolina

$121,500

Alaska

$118,650

Georgia

$118,060

Rhode Island

$114,660

North Dakota

$109,820

Ohio

$107,320

Alabama

$106,680

Vermont

$105,950

Oklahoma

$102,710

Kansas

$102,560

Utah

$102,290

Nevada

$102,060

Arizona

$101,630

Nebraska

$101,380

Iowa

$101,360

South Carolina

$100,890

Wyoming

$100,310

Florida

$99,240

South Dakota

$99,030

Michigan

$98,780

Missouri

$97,820

Maine

$96,570

New Mexico

$96,490

Oregon

$94,400

Hawaii

$93,760

Kentucky

$92,630

Illinois

$90,080

Louisiana

$87,080

Arkansas

$86,410

Idaho

$85,070

Wisconsin

$85,050

Tennessee

$83,010

Mississippi

$82,230

West Virginia

$77,290

Montana

$76,990

Indiana

$71,560

What Tools do Loss Prevention Managers Use?

Although they’re not necessarily needed for all jobs, the following technologies are used by many Loss Prevention Managers:

  • Microsoft Office
  • Structured query language SQL
  • Microsoft Access
  • Microsoft Outlook
  • Microsoft Project
  • Microsoft Windows
  • Microsoft Word
  • Microsoft SharePoint
  • SAP
  • MySQL

Who Employs Loss Prevention Managers?

Loss Prevention Manager Sectors

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons

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