Loss Prevention Managers

Core Tasks

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

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