What Do Loss Prevention Managers Do: Job Description, Responsibilities and Duties

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daily life of a Loss Prevention Manager
are Loss Prevention Managers happy with their job

Loss Prevention Managers

Other names for this job might include Area Loss Prevention Manager, Associate Vice President, Director-Loss Prevention, District Loss Prevention Manager, Logistics Loss Prevention Manager, Loss Prevention Manager, Loss Prevention Officer, Loss Prevention Operations Manager, Loss Prevention Specialist, Loss Prevention Supervisor


  • $111230
    Salary
  • 75%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank

A



Being A Loss Prevention Manager: What You Really Do


In this job description guide, you will find out what do Loss Prevention Managers do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Loss Prevention Manager or not.



Job summary

Loss Prevention Managers plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.

We asked Loss Prevention Managers how satisfied they are with their job. Here is what they said.

Job satisfaction

75%

How meaningful is this job

62%


75% of them said they were satisfied with their job and 62% said they find that their job makes the world a better place or helps to make someone else’s life better.



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Typical day

On a daily basis, Loss Prevention Managers Visit stores to ensure compliance with company policies and procedures. They Verify correct use and maintenance of physical security systems, such as closed-circuit television, merchandise tags, and burglar alarms.

1 of the main responsibilities as A Loss Prevention Manager is to Supervise surveillance, detection, or criminal processing related to theft and criminal cases.

Some may also Recommend improvements in loss prevention programs, staffing, scheduling, or training.

In a normal work day, another thing that Loss Prevention Managers do is they Maintain documentation of all loss prevention activity.

In addition to that, they Monitor compliance to operational, safety, or inventory control procedures, including physical security standards..

A typical day for A Loss Prevention Manager look like this:

Determine operational compliance with regulations or standards.
Inspect condition or functioning of facilities or equipment.
Manage organizational security activities.

We asked some Loss Prevention Managers a few questions to find out what else does their work day look like. Here is what we found.

Do you have telephone conversations everyday in this job?96% said yes
Do you have to use email everyday in this job?96% said yes
How important is it to work in a team in this job?64% said very important
Do you have group discussions everyday in this job?88% said yes
Do you have to meet strict deadlines everyday in this job?32% said yes
Do you talk or work with customers everyday in this job?40% said yes
Do you have to deal with angry customers everyday in this job?24% said yes
Do you have to make decisions everyday in this job?54% said yes



Other responsibilities

Besides the “typical day” things that Loss Prevention Managers do, they Review loss-prevention exception reports and cash discrepancies to ensure adherence to guidelines. They might also Perform cash audits and deposit investigations to fully account for store cash.

On a weekly to monthly basis, Loss Prevention Managers Monitor and review paperwork procedures and systems to prevent error-related shortages. and Maintain databases such as bad check logs, reports on multiple offenders, and alarm activation lists.

In addition, they Investigate or interview individuals suspected of shoplifting or internal theft.

Although specific duties may vary, many of them Advise retail establishments on development of loss-investigation procedures.

To some Loss Prevention Managers, it is also their responsibility to Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.

A typical week or month for them might include:

Examine financial records to ensure compliance with policies or regulations.
Monitor flow of cash or other resources.
Monitor organizational procedures to ensure proper functioning.
Develop computer or information systems.
Interview employees, customers, or others to collect information.



Working life

Working hours

More than 40 hours per week

Working schedule

Regular (Set schedule and routine)


In a typical work week as A Loss Prevention Manager, you can expect to work More than 40 hours per week.

Do Loss Prevention Managers work in an office-style work environment?

Everyday
80%

Once a week
12%

Once a month
4%

Once a year
0%

Never
4%

Do Loss Prevention Managers work in a warehouse-style work environment?

Everyday
12%

Once a week
16%

Once a month
16%

Once a year
28%

Never
28%

Do Loss Prevention Managers work outdoors?

Everyday
0%

Once a week
8%

Once a month
16%

Once a year
48%

Never
28%



Is this right for me

Best personality for this career

The Persuaders and The Organizers


You can read more about these career personality types here.

You will like this career if you are someone who likes starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

You also like following set procedures and routines. They like working with data and details more than with ideas.



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Related to Loss Prevention Managers Job Description

Loss Prevention Managers job description, what do Loss Prevention Managers do, typical day for Loss Prevention Managers, what is it like to work as a Loss Prevention Manager, how many hours do Loss Prevention Managers work, day to day work of a Loss Prevention Manager

Additional resources

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Loss Prevention Managers
Written by: Stanley Tan
Loss Prevention Managers plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.
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