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”

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

Related Technology & Tools

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

Microsoft SharePoint
Inventory tracking software
Microsoft PowerPoint
SAP
Microsoft Outlook
Microsoft Access
Time reporting software
Financial accounting software
IBM Lotus Notes
Microsoft Office
Microsoft Project
Enabl-u Technologies APIS
Microsoft Excel
MySQL
Work scheduling software
Microsoft Word
Structured query language SQL
Point of sale POS software programs
Personnel management software
MICROS XBR Loss Prevention