What Does it Take to Be a Loss Prevention Manager?
Career 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.
Life As a Loss Prevention Manager: What Do They Do?
- Direct installation of covert surveillance equipment, such as security cameras.
- Hire or supervise loss-prevention staff.
- Coordinate theft and fraud investigations involving career criminals or organized group activities.
- Coordinate or conduct internal investigations of problems such as employee theft and violations of corporate loss prevention policies.
- Visit stores to ensure compliance with company policies and procedures.
- Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.
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What Every Loss Prevention Manager Should Know
Loss Prevention Managers state the following job skills are important in their day-to-day work.
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.
Types of Loss Prevention Manager
- Loss Prevention Supervisor
- Loss Prevention Officer
- Asset Protection Manager
- Senior Manager, Asset Protection
- Manager of Loss Prevention Operations
Loss Prevention Manager Employment Estimates
There were about 992,100 jobs for Loss Prevention Manager in 2016 (in the United States). New jobs are being produced at a rate of 8% which is above the national average. The Bureau of Labor Statistics predicts 79,600 new jobs for Loss Prevention Manager by 2026. Due to new job openings and attrition, there will be an average of 79,200 job openings in this field each year.
The states with the most job growth for Loss Prevention Manager are Utah, Washington, and Nevada. Watch out if you plan on working in Vermont, Maine, or Maryland. These states have the worst job growth for this type of profession.
What is the Average Salary of a Loss Prevention Manager
The salary for Loss Prevention Managers ranges between about $52,550 and $183,430 a year.
Loss Prevention Managers who work in District of Columbia, Virginia, or California, make the highest salaries.
How much do Loss Prevention Managers make in each U.S. state?
| State | Annual Mean Salary |
|---|---|
| Alabama | $106,680 |
| Alaska | $118,650 |
| Arizona | $101,630 |
| Arkansas | $86,410 |
| California | $143,350 |
| Colorado | $138,490 |
| Connecticut | $129,730 |
| Delaware | $134,410 |
| District of Columbia | $147,460 |
| Florida | $99,240 |
| Georgia | $118,060 |
| Hawaii | $93,760 |
| Idaho | $85,070 |
| Illinois | $90,080 |
| Indiana | $71,560 |
| Iowa | $101,360 |
| Kansas | $102,560 |
| Kentucky | $92,630 |
| Louisiana | $87,080 |
| Maine | $96,570 |
| Maryland | $122,050 |
| Massachusetts | $131,450 |
| Michigan | $98,780 |
| Minnesota | $128,590 |
| Mississippi | $82,230 |
| Missouri | $97,820 |
| Montana | $76,990 |
| Nebraska | $101,380 |
| Nevada | $102,060 |
| New Hampshire | $123,580 |
| New Jersey | $138,820 |
| New Mexico | $96,490 |
| New York | $124,160 |
| North Carolina | $121,500 |
| North Dakota | $109,820 |
| Ohio | $107,320 |
| Oklahoma | $102,710 |
| Oregon | $94,400 |
| Pennsylvania | $126,290 |
| Rhode Island | $114,660 |
| South Carolina | $100,890 |
| South Dakota | $99,030 |
| Tennessee | $83,010 |
| Texas | $122,130 |
| Utah | $102,290 |
| Vermont | $105,950 |
| Virginia | $134,500 |
| Washington | $125,490 |
| West Virginia | $77,290 |
| Wisconsin | $85,050 |
| Wyoming | $100,310 |
What Tools & Technology do Loss Prevention Managers Use?
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
- Structured query language SQL
- Inventory tracking software
- IBM Lotus Notes
- Work scheduling software
- Microsoft operating system
- Financial accounting software
- Time reporting software
- Personnel management software
Becoming a Loss Prevention Manager
What kind of Loss Prevention Manager requirements are there?
What work experience do I need to become a Loss Prevention Manager?
Where do Loss Prevention Managers Work?
The table below shows the approximate number of Loss Prevention Managers employed by various industries.
References:
Image Credit: Mike Moore via public domain
More about our data sources and methodologies.
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