What is 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.
What Do Loss Prevention Managers Do On a Daily Basis?
- Maintain databases such as bad check logs, reports on multiple offenders, and alarm activation lists.
- Perform or direct inventory investigations in response to shrink results outside of acceptable ranges.
- Coordinate theft and fraud investigations involving career criminals or organized group activities.
- Advise retail managers on compliance with applicable codes, laws, regulations, or standards.
- Recommend improvements in loss prevention programs, staffing, scheduling, or training.
- Supervise surveillance, detection, or criminal processing related to theft and criminal cases.
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Skills Needed to be a Loss Prevention Manager
Below is a list of the skills most Loss Prevention Managers say are important on the job.
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 Jobs
- Loss Prevention Manager
- Loss Prevention Specialist
- Logistics Loss Prevention Manager
- Market Asset Protection Manager
- Store Loss Prevention Manager
What Kind of Loss Prevention Manager Job Opportunities Are There?
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. 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.
Loss Prevention Manager Average Salary
The typical yearly salary for Loss Prevention Managers is somewhere 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 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 |
Tools & Technologies Used by Loss Prevention Managers
Below is a list of the types of tools and technologies that Loss Prevention Managers may use on a daily basis:
- 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?
Where Loss Prevention Managers Are Employed
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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