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.

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.

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?

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons