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.
Sample of reported job titles:
Asset Protection Manager, Logistics Loss Prevention Manager, Loss Control Manager, Loss Prevention Director, Loss Prevention Manager, Loss Prevention Operations Director, Loss Prevention Operations Manager, Loss Prevention Supervisor, Market Asset Protection Manager
Occupation-Specific Information
Tasks
- Review loss prevention exception reports and cash discrepancies to ensure adherence to guidelines.
- Perform cash audits and deposit investigations to fully account for store cash.
- Provide recommendations and solutions in crisis situations such as workplace violence, protests, and demonstrations.
- Monitor and review paperwork procedures and systems to prevent error-related shortages.
- Maintain databases such as bad check logs, reports on multiple offenders, and alarm activation lists.
Technology Skills
- Accounting software:Financial accounting software
- Business intelligence and data analysis software:MICROS XBR Loss Prevention
- Calendar and scheduling software:Work scheduling software
- Cloud-based data access and sharing software:Microsoft SharePoint
- Data base user interface and query software:Microsoft Access,MySQL,Structured query language SQL
Occupational Requirements
Work Activities
- Getting Information:Observing, receiving, and otherwise obtaining information from all relevant sources.
- Making Decisions and Solving Problems:Analyzing information and evaluating results to choose the best solution and solve problems.
- Establishing and Maintaining Interpersonal Relationships:Developing constructive and cooperative working relationships with others, and maintaining them over time.
- Communicating with Supervisors, Peers, or Subordinates:Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
- Identifying Objects, Actions, and Events:Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
Detailed Work Activities
- Advise others on business or operational matters.
- Advise others on legal or regulatory compliance matters.
- Analyze forecasting data to improve business decisions.
- Analyze risks to minimize losses or damages.
- Communicate with government agencies.
Work Context
- Electronic Mail:100% responded"Every day"
- Indoors, Environmentally Controlled:85% responded"Every day"
- Contact With Others:82% responded"Constant contact with others"
- Telephone:81% responded"Every day"
- Responsible for Others' Health and Safety:73% responded"Very high responsibility"
Worker Requirements
Skills
- 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.
- Speaking:Talking to others to convey information effectively.
- Complex Problem Solving:Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Critical Thinking:Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
Knowledge
- Public Safety and Security:Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
- Law and Government:Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
- Administration and Management:Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- English Language:Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Education and Training:Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Education
How much education does a new hire need to perform a job in this occupation? Respondents said:
- 55%Bachelor's Degree
- 14%High School Diploma - or the equivalent (for example, GED)
- 9%Associate's Degree (or other 2-year degree)
- 9%Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)
- 9%Some College Courses
Worker Characteristics
Abilities
- Oral Expression:The ability to communicate information and ideas in speaking so others will understand.
- Problem Sensitivity:The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
- Near Vision:The ability to see details at close range (within a few feet of the observer).
- Oral Comprehension:The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Deductive Reasoning:The ability to apply general rules to specific problems to produce answers that make sense.
Interests
- Enterprising:Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
- Conventional:Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
Work Values
- Achievement:Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.
- Independence:Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
- Relationships:Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.
Work Styles
- Integrity:Job requires being honest and ethical.
- Dependability:Job requires being reliable, responsible, and dependable, and fulfilling obligations.
- Leadership:Job requires a willingness to lead, take charge, and offer opinions and direction.
- Self-Control:Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
- Attention to Detail:Job requires being careful about detail and thorough in completing work tasks.
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