Will “Loss Prevention Managers” be Replaced By Robots? 🤔

Unknown Chance of Automation

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Job 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.

Job Details

The SOC (Standard Occupational Classification) code is 11-9199.08

Also Known As…

Tasks for “Loss Prevention Managers”

Investigate or interview individuals suspected of shoplifting or internal theft.
Recommend improvements in loss prevention programs, staffing, scheduling, or training.
Maintain databases such as bad check logs, reports on multiple offenders, and alarm activation lists.
Collaborate with law enforcement to investigate and solve external theft or fraud cases.
Advise retail establishments on development of loss-investigation procedures.
Supervise surveillance, detection, or criminal processing related to theft and criminal cases.
Analyze retail data to identify current or emerging trends in theft or fraud.
Verify correct use and maintenance of physical security systems, such as closed-circuit television, merchandise tags, and burglar alarms.
Administer systems and programs to reduce loss, maintain inventory control, or increase safety.
Develop and maintain partnerships with federal, state, or local law enforcement agencies or members of the retail loss prevention community.
Direct loss prevention audit programs including target store audits, maintenance audits, safety audits, or electronic article surveillance (EAS) audits.
Provide recommendations and solutions in crisis situations such as workplace violence, protests, and demonstrations.
Monitor compliance to operational, safety, or inventory control procedures, including physical security standards.
Coordinate theft and fraud investigations involving career criminals or organized group activities.
Coordinate or conduct internal investigations of problems such as employee theft and violations of corporate loss prevention policies.
Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.
Advise retail managers on compliance with applicable codes, laws, regulations, or standards.
Perform or direct inventory investigations in response to shrink results outside of acceptable ranges.
Review loss-prevention exception reports and cash discrepancies to ensure adherence to guidelines.
Direct installation of covert surveillance equipment, such as security cameras.
Visit stores to ensure compliance with company policies and procedures.
Monitor and review paperwork procedures and systems to prevent error-related shortages.
Assess security needs across locations to ensure proper deployment of loss prevention resources, such as staff and technology.
Perform cash audits and deposit investigations to fully account for store cash.
Maintain documentation of all loss prevention activity.
Hire or supervise loss-prevention staff.
Identify potential for loss and develop strategies to eliminate it.

Related Technology & Tools

Physical access control systems
Security alarm systems
Personal computers
Multiline telephone systems
Laptop computers
Fire alarm monitoring systems
Closed circuit television CCTV monitoring systems
Video surveillance systems

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