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Loss Prevention Managers Career Video

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.


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Video Transcript

Some people seem to have a sixth sense about when something is not quite right, or when something is about to go wrong. Loss prevention managers have this special talent; they work with policies and practices to keep a company’s assets from illegally heading out the door. Loss prevention managers monitor shrinkage, or how much of a product is missing from inventory. To do this, they track the products going in and out of the store, and where they detect losses, they plan ways to reduce shrinkage. For example, they might reward employees who help catch shoplifters or monitor an area where products are going missing. These managers need integrity and courage to anticipate and interrupt theft, vandalism, and burglary. They often interview those involved to investigate losses, then work with store and law enforcement personnel to resolve issues. Are you ready to be on the move? Loss prevention managers usually train and supervise staff, sometimes at multiple locations, so this is a job that may require travel. Otherwise, they spend lots of time in the office filing, processing reports and evaluating loss prevention systems. Requirements to enter this field vary depending on the employer; for some a high school diploma and on-the-job training is all that’s needed, while others require a bachelor’s degree in criminal justice.