Loss Prevention Manager

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.

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.

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
• Inventory tracking software
• IBM Lotus Notes
• Financial accounting software
• Time reporting software

How do I Become a Loss Prevention Manager?

Are there Loss Prevention Managers education requirements?

Where Loss Prevention Managers Work

The table below shows the approximate number of Loss Prevention Managers employed by various industries.