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”

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

Related Technology & Tools

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

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