What Do Loss Prevention Managers Do (including Their Typical Day At Work)

Stan T.Career, Job DescriptionLeave a Comment

Job Description, Daily Responsibilities, and Work Life

Loss Prevention Managers

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.

Salary
$39910
Becoming One
Hard
Education
Bachelor's degree
Job Satisfaction
Job Growth

Personality



Job Description

Job Description

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. They also coordinate or conduct internal investigations of problems such as employee theft and violations of corporate loss prevention policies.

Other tasks include:

  • Administer systems and programs to reduce loss, maintain inventory control, or increase safety.
  • Review loss prevention exception reports and cash discrepancies to ensure adherence to guidelines.
  • Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.
  • Investigate or interview individuals suspected of shoplifting or internal theft.
  • Provide recommendations and solutions in crisis situations such as workplace violence, protests, and demonstrations.
  • Identify potential for loss and develop strategies to eliminate it.

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.



Find a college that suits you! Click here

Featured Schools

Typical Day At Work

On a daily basis, Loss Prevention Managers review loss prevention exception reports and cash discrepancies to ensure adherence to guidelines. They maintain documentation of all loss prevention activity.

A typical day for a Loss Prevention Manager will also include:

  • Monitor compliance to operational, safety, or inventory control procedures, including physical security standards.
  • Maintain databases such as bad check logs, reports on multiple offenders, and alarm activation lists.
  • Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.
  • Hire or supervise loss prevention staff.
  • Administer systems and programs to reduce loss, maintain inventory control, or increase safety.

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
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 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 their typical day, Loss Prevention Managers also advise retail establishments on development of loss-investigation procedures. They may also coordinate or conduct internal investigations of problems such as employee theft and violations of corporate loss prevention policies.

On a weekly to monthly basis, Loss Prevention Managers Develop and maintain partnerships with federal, state, or local law enforcement agencies or members of the retail loss prevention community. They might also Verify correct use and maintenance of physical security systems, such as closed-circuit television, merchandise tags, and burglar alarms.

In addition, they Perform cash audits and deposit investigations to fully account for store cash.

Although specific duties may vary, many of them Recommend improvements in loss prevention programs, staffing, scheduling, or training.

To some Loss Prevention Managers, it is also their responsibility to Monitor and review paperwork procedures and systems to prevent error-related shortages.


Working life

Working hours

More than 40 hours per week

Working schedule

Regular schedule like a 9 to 5

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?

Every day
85%


Once a year
5%


Do Loss Prevention Managers work outdoors?

Once a year
43%


Never
24%



Is this right for me

Best personality for this career

The Entrepreneurs and The Organizers

People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business..

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

You can read more about these career personality types here.



Learn more about Loss Prevention Managers

Summary
Job Description (You are here)
Salary
Requirements
Quiz

Find a college with the major you want


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


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.