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Loss Prevention Manager

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What is a Loss Prevention Manager?

Position 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.

Daily Life Of a Loss Prevention Manager

  • Monitor compliance to operational, safety, or inventory control procedures, including physical security standards.
  • Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.
  • 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.
  • 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.

Loss Prevention Manager Skills

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.

  • Asset Protection Manager
  • Logistics Loss Prevention Manager
  • Associate Vice President
  • Regional Loss Prevention Manager
  • Senior Manager, Asset Protection

Loss Prevention Manager Employment Estimates

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.

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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.

How Much Does a Loss Prevention Manager Make?

The average yearly salary of a Loss Prevention Manager ranges between $52,550 and $183,430.

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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 & 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

How to Become a Loss Prevention Manager

What education or degrees do I need to become a Loss Prevention Manager?

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What work experience do I need to become a Loss Prevention Manager?

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Where Loss Prevention Managers Are Employed

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The table below shows the approximate number of Loss Prevention Managers employed by various industries.

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References:

Image Credit: Mike Moore via public domain

More about our data sources and methodologies.

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