What You Need to Know About Loss Prevention Manager
Position Description Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.
A Day in the Life of a Loss Prevention Manager
- Supervise surveillance, detection, or criminal processing related to theft and criminal cases.
- Analyze retail data to identify current or emerging trends in theft or fraud.
- Coordinate or conduct internal investigations of problems such as employee theft and violations of corporate loss prevention policies.
- Direct installation of covert surveillance equipment, such as security cameras.
- Collaborate with law enforcement to investigate and solve external theft or fraud cases.
- Recommend improvements in loss prevention programs, staffing, scheduling, or training.
What a Loss Prevention Manager Should Know
Loss Prevention Managers state the following job skills are important in their day-to-day work.
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 Officer
- Asset Protection Manager
- Logistics Loss Prevention Manager
- Manager of Loss Prevention Operations
- Loss Prevention Operations Manager
Job Outlook for Loss Prevention Managers
There were about 992,100 jobs for Loss Prevention Manager in 2016 (in the United States). 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.
Do Loss Prevention Managers Make A Lot Of Money?
The average yearly salary of a Loss Prevention Manager ranges between $52,550 and $183,430.
Loss Prevention Managers who work in District of Columbia, Virginia, or California, make the highest salaries.
Below is a list of the median annual salaries for Loss Prevention Managers in different U.S. states.
| 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
How do I Become a Loss Prevention Manager?
Education needed to be a Loss Prevention Manager:
What work experience do I need to become a Loss Prevention Manager?
Where Loss Prevention Managers Work
The table below shows some of the most common industries where those employed in this career field work.
References:
Image Credit: Mike Moore via public domain
More about our data sources and methodologies.
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