What You Need to Know About Loss Prevention Manager
Loss Prevention Manager Job 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.
What Do Loss Prevention Managers Do On a Daily Basis?
- Verify correct use and maintenance of physical security systems, such as closed-circuit television, merchandise tags, and burglar alarms.
- Analyze retail data to identify current or emerging trends in theft or fraud.
- Coordinate theft and fraud investigations involving career criminals or organized group activities.
- 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.
- Administer systems and programs to reduce loss, maintain inventory control, or increase safety.
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What Every Loss Prevention Manager Should Know
These are the skills Loss Prevention Managers say are the most useful in their careers:
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.
Other Loss Prevention Manager Job Titles
- Loss Prevention Officer
- Senior Manager, Asset Protection
- Asset Protection Manager
- Store Loss Prevention Manager
- Loss Prevention Operations Manager
Are There Job Opportunities for Loss Prevention Managers?
In the United States, there were 992,100 jobs for Loss Prevention Manager in 2016. 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. The BLS estimates 79,200 yearly job openings in this field.
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.
Average Loss Prevention Managers Salary
The salary for Loss Prevention Managers ranges between about $52,550 and $183,430 a year.
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
Although they’re not necessarily needed for all jobs, the following technologies are used by many Loss Prevention Managers:
- 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?
Are there Loss Prevention Managers education requirements?
How Long Does it Take to Become a Loss Prevention Manager?
Where Loss Prevention Managers Work
The table below shows the approximate number of Loss Prevention Managers employed by various industries.
References:
Image Credit: Mike Moore via public domain
More about our data sources and methodologies.
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