What You Need to Know About Loss Prevention Manager
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.
List of Loss Prevention Manager Job Duties
- Perform or direct inventory investigations in response to shrink results outside of acceptable ranges.
- Analyze retail data to identify current or emerging trends in theft or fraud.
- Investigate or interview individuals suspected of shoplifting or internal theft.
- Direct loss prevention audit programs including target store audits, maintenance audits, safety audits, or electronic article surveillance (EAS) audits.
- 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.
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What Every Loss Prevention Manager Should Know
Below is a list of the skills most Loss Prevention Managers say are important on the job.
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.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
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
- Loss Prevention Operations Manager
- Logistics Loss Prevention Manager
- Loss Prevention Leader
- Area Loss Prevention Manager
- Associate Vice President
Are There Job Opportunities for Loss Prevention Managers?
In 2016, there was an estimated number of 992,100 jobs in the United States for Loss Prevention Manager. New jobs are being produced at a rate of 8% which is above the national average. The Bureau of Labor Statistics predicts 79,600 new jobs for Loss Prevention Manager by 2026. There will be an estimated 79,200 positions for Loss Prevention Manager per year.
The states with the most job growth for Loss Prevention Manager are Utah, Washington, and Nevada. Watch out if you plan on working in Vermont, Maine, or Maryland. These states have the worst job growth for this type of profession.
How Much Does a Loss Prevention Manager Make?
The typical yearly salary for Loss Prevention Managers is somewhere between $52,550 and $183,430.
Loss Prevention Managers who work in District of Columbia, Virginia, or California, make the highest salaries.
How much do Loss Prevention Managers make in each U.S. state?
| State | Annual Mean Salary |
|---|---|
| Alabama | $106,680 |
| Alaska | $118,650 |
| Arizona | $101,630 |
| Arkansas | $86,410 |
| California | $143,350 |
| Colorado | $138,490 |
| Connecticut | $129,730 |
| Delaware | $134,410 |
| District of Columbia | $147,460 |
| Florida | $99,240 |
| Georgia | $118,060 |
| Hawaii | $93,760 |
| Idaho | $85,070 |
| Illinois | $90,080 |
| Indiana | $71,560 |
| Iowa | $101,360 |
| Kansas | $102,560 |
| Kentucky | $92,630 |
| Louisiana | $87,080 |
| Maine | $96,570 |
| Maryland | $122,050 |
| Massachusetts | $131,450 |
| Michigan | $98,780 |
| Minnesota | $128,590 |
| Mississippi | $82,230 |
| Missouri | $97,820 |
| Montana | $76,990 |
| Nebraska | $101,380 |
| Nevada | $102,060 |
| New Hampshire | $123,580 |
| New Jersey | $138,820 |
| New Mexico | $96,490 |
| New York | $124,160 |
| North Carolina | $121,500 |
| North Dakota | $109,820 |
| Ohio | $107,320 |
| Oklahoma | $102,710 |
| Oregon | $94,400 |
| Pennsylvania | $126,290 |
| Rhode Island | $114,660 |
| South Carolina | $100,890 |
| South Dakota | $99,030 |
| Tennessee | $83,010 |
| Texas | $122,130 |
| Utah | $102,290 |
| Vermont | $105,950 |
| Virginia | $134,500 |
| Washington | $125,490 |
| West Virginia | $77,290 |
| Wisconsin | $85,050 |
| Wyoming | $100,310 |
Tools & Technologies Used by Loss Prevention Managers
Below is a list of the types of tools and technologies that Loss Prevention Managers may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Microsoft Access
- MySQL
- SAP
- Microsoft Windows
- Microsoft Project
- Microsoft SharePoint
- Structured query language SQL
- Inventory tracking software
- IBM Lotus Notes
- Work scheduling software
- Microsoft operating system
- Financial accounting software
- Time reporting software
- Personnel management software
Becoming a Loss Prevention Manager
What education or degrees do I need to become a Loss Prevention Manager?
How many years of work experience do I need?
Where Loss Prevention Managers Are Employed
Below are examples of industries where Loss Prevention Managers work:
References:
Image Credit: Mike Moore via public domain
More about our data sources and methodologies.
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