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”

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

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