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Retail Loss Prevention Specialist

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What Does it Take to Be a Retail Loss Prevention Specialist?

Position Description Implement procedures and systems to prevent merchandise loss. Conduct audits and investigations of employee activity. May assist in developing policies, procedures, and systems for safeguarding assets.

Life As a Loss Prevention Specialist

  • Train establishment personnel in loss prevention activities.
  • Verify proper functioning of physical security systems, such as closed-circuit televisions, alarms, sensor tag systems, or locks.
  • Monitor compliance with standard operating procedures for loss prevention, physical security, or risk management.
  • Conduct employee background investigations and review reports with operational or human resources managers.
  • Inspect buildings, equipment, or access points to determine security risks.
  • Recommend methods to reduce potential financial fraud losses.

Loss Prevention Specialist Required Skills

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

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

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.

Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Speaking: Talking to others to convey information effectively.

Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Social Perceptiveness: Being aware of others’ reactions and understanding why they react as they do.

Other Loss Prevention Specialist Job Titles

  • Loss Prevention Leader
  • Security Associate
  • Loss Prevention Specialist
  • Loss Prevention Manager
  • Asset Protection Greeter

Job Opportunities for Retail Loss Prevention Specialists

In 2016, there was an estimated number of 133,800 jobs in the United States for Retail Loss Prevention Specialist. New jobs are being produced at a rate of 8.4% which is above the national average. The Bureau of Labor Statistics predicts 11,300 new jobs for Retail Loss Prevention Specialist by 2026. The BLS estimates 35,200 yearly job openings in this field.

Forecasted Number of Jobs for Retail Loss Prevention Specialists in U.S.

The states with the most job growth for Loss Prevention Specialist are Texas, Nevada, and Washington. Watch out if you plan on working in New Jersey, Alaska, or Connecticut. These states have the worst job growth for this type of profession.

Average Retail Loss Prevention Specialists Salary

Retail Loss Prevention Specialists make between $20,530 and $54,130 a year.

Salary Ranges for Retail Loss Prevention Specialists

Retail Loss Prevention Specialists who work in District of Columbia, Virginia, or Nevada, make the highest salaries.

How much do Retail Loss Prevention Specialists make in each U.S. state?

State Annual Mean Salary
Alabama $26,370
Alaska $42,150
Arizona $33,890
Arkansas $31,120
California $39,840
Colorado $34,770
Connecticut $40,040
Delaware $26,810
District of Columbia $54,200
Florida $34,390
Georgia $37,390
Hawaii $34,170
Idaho $33,470
Illinois $28,800
Indiana $27,090
Iowa $43,460
Kansas $27,000
Kentucky $40,810
Louisiana $38,600
Maine $33,160
Maryland $39,590
Massachusetts $36,720
Michigan $31,920
Minnesota $36,730
Mississippi $31,980
Missouri $38,230
Montana $32,950
Nevada $44,560
New Hampshire $36,140
New Jersey $31,730
New Mexico $47,310
New York $31,410
North Carolina $37,790
North Dakota $43,740
Ohio $31,510
Oklahoma $44,330
Oregon $41,900
Pennsylvania $29,200
Rhode Island $33,200
South Carolina $32,040
Tennessee $36,250
Texas $27,070
Utah $36,690
Virginia $47,960
Washington $42,450
West Virginia $33,490
Wisconsin $35,170
Wyoming $37,350

What Tools do Retail Loss Prevention Specialists Use?

Below is a list of the types of tools and technologies that Retail Loss Prevention Specialists may use on a daily basis:

  • Microsoft Excel
  • Microsoft Word
  • Microsoft Office
  • Microsoft PowerPoint
  • Microsoft Outlook
  • Database software
  • Symantec
  • McAfee
  • Case management system software

How to Become a Loss Prevention Specialist

What education is needed to be a Retail Loss Prevention Specialist?

Loss Prevention Specialist Degree Level

How many years of work experience do I need?

Loss Prevention Specialist Work Experience

Where Retail Loss Prevention Specialists Work

Loss Prevention Specialist Sectors

Below are examples of industries where Retail Loss Prevention Specialists work:

Loss Prevention Specialist Industries

References:

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More about our data sources and methodologies.

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