All About Loss Prevention Managers
Example of Loss Prevention Manager Job Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.
List of Loss Prevention Manager Job Duties
- Verify correct use and maintenance of physical security systems, such as closed-circuit television, merchandise tags, and burglar alarms.
- Direct loss prevention audit programs including target store audits, maintenance audits, safety audits, or electronic article surveillance (EAS) audits.
- 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.
- Administer systems and programs to reduce loss, maintain inventory control, or increase safety.
- Monitor and review paperwork procedures and systems to prevent error-related shortages.
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What Skills Do You Need to Work as a Loss Prevention Manager?
When polled, Loss Prevention Managers say the following skills are most frequently used in their jobs:
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.
Related Job Titles
- Loss Prevention/Safety District Manager
- Store Loss Prevention Manager
- Area Loss Prevention Manager
- Loss Prevention Specialist
- Market Asset Protection Manager
Job Demand for Loss Prevention Managers
In 2016, there was an estimated number of 992,100 jobs in the United States for Loss Prevention Manager. 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. The BLS estimates 79,200 yearly job openings in this field.
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.
Average Loss Prevention Managers 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.
Below is a list of the median annual salaries for Loss Prevention Managers 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
How to Become a Loss Prevention Manager
Individuals working as a Loss Prevention Manager have obtained the following education levels:
How many years of work experience do I need?
Who Employs Loss Prevention Managers?
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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