Job Responsibilities for Manager Loss Prevention
The internal focus of Loss Prevention Managers includes cash handling theft, inventory control, facilities and equipment damage, security access violations, fraud, and a variety of audits of employee activities. The loss prevention manager has several duties and tasks to perform daily as part of the job, including the following:
• Investigate, log, and resolve alleged and actual theft, violations of policy, and compliance concerns.
• Coordinate and communicate with management and governmental agencies to act appropriately and legally.
• Audit sites to ensure inventory is processed, handled, and monitored appropriately, and document any errors or failures.
• Develop policies and train staff in loss prevention, reduce shrinkage, and use tagging and/or report mechanisms.
• Minimize the financial losses of a retail operation related to theft, vandalism, accident, and injury.
• Develop ways to detect safety issues and security violations and to put programs in place to prevent repeat occurrences.
Loss Prevention Manager Skills & Competencies
In addition to the duties performed by a loss prevention manager, the following skills will help them succeed in their role:
• Communication: The loss prevention manager is expected to communicate efficiently to be able to effectively conduct reviews with management, police, and employees.
• Work well with others: They also must be a team player, able to work with different personality types, assertive, able to work with discretion, and professional.
• Analytical, detailed, and confidential: They must also maintain confidentiality, have great attention to detail, and have excellent analytical skills.
• Computer skills: Computer and word processing proficiency is also required.
