Retail Loss Prevention Manager Job Profile:
A loss prevention manager protects company assets and improves profitability by developing and implementing security and safety programs for employees and customers.
Key Responsibilities of a Loss Prevention Manager:
Loss prevention managers are responsible for minimizing the financial losses of a retail operation related to theft, vandalism, accident and injury. This position requires the ability to develop ways to detect safety issues and security violations, and to put programs in place to prevent repeat occurrences. This person is expected to communicate effectively and work cooperatively with store and law enforcement personnel. Loss prevention managers must work with discretion and professionalism, and maintain confidentiality at all times.
Internal Focus for Loss Prevention Managers:
Internal focus includes cash handling theft, inventory control, facilities and equipment damage, security access violations, fraud, and a variety of audits of employee activities.
External Focus for Loss Prevention Managers:
Shoplifting, vandalism, counterfeiting, robbery, burglary, and store safety are the primary areas of external focus.
Experience Required for Loss Prevention Managers:
Retail sales or operations experience is helpful, but is not always required. Attention to detail, acute observation, and analytical skills are essential. A loss prevention manager should have demonstrated success in a position of authority. Experience conducting legal or ethical investigations is desirable, and sometimes required. Computer and word processing proficiency are also required.
Education Requirements and Recommendations for Loss Prevention Managers:
A bachelor’s degree in criminal justice is preferred, although other 4-year degrees or no degree at all may be acceptable with demonstrated success in other retail security positions.
Why Retail Education is Important or Not >>
Why Retail Education is Important or Not >>
Compensation for Retial Loss Prevention Managers:
There is a wide salary range of $38,000 - $84,000 for loss prevention managers The size and sales volume of the retail operation is a key factor used in determining the compensation. Loss prevention managers generally receive full benefits packages, which often includes merchandise discounts.
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