What Does it Take to Be a Loss Prevention Manager?
Loss Prevention Manager Definition Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.
Daily Life Of a Loss Prevention Manager
- Advise retail establishments on development of loss-investigation procedures.
- Maintain databases such as bad check logs, reports on multiple offenders, and alarm activation lists.
- Supervise surveillance, detection, or criminal processing related to theft and criminal cases.
- Visit stores to ensure compliance with company policies and procedures.
- Perform or direct inventory investigations in response to shrink results outside of acceptable ranges.
- Verify correct use and maintenance of physical security systems, such as closed-circuit television, merchandise tags, and burglar alarms.
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What a Loss Prevention Manager Should Know
Below is a list of the skills most Loss Prevention Managers say are important on the job.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
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.
Speaking: Talking to others to convey information effectively.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Instructing: Teaching others how to do something.
Types of Loss Prevention Manager Jobs
- Market Asset Protection Manager
- Logistics Loss Prevention Manager
- Director-Loss Prevention
- Manager of Loss Prevention Operations
- Asset Protection Manager
Loss Prevention Manager Employment Estimates
In the United States, there were 992,100 jobs for Loss Prevention Manager in 2016. 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. There will be an estimated 79,200 positions for Loss Prevention Manager per 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.
Loss Prevention Manager Salary
The average yearly salary of a Loss Prevention Manager ranges between $52,550 and $183,430.
Loss Prevention Managers who work in District of Columbia, Virginia, or California, make the highest salaries.
How much do Loss Prevention Managers make in different U.S. states?
| 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 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?
How Long Does it Take to Become a Loss Prevention Manager?
Where do Loss Prevention Managers Work?
The table below shows some of the most common industries where those employed in this career field work.
References:
Image Credit: Mike Moore via public domain
More about our data sources and methodologies.
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