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Finance > Loss Prevention
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💰 Finance
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Loss Prevention

Remote
💰 Finance
💰 Finance
Loss Prevention Officers are employed by store owners to limit their losses from theft by discouraging legal behavior and apprehending anyone attempting to steal products. Their role is to hold people accountable for the damage they cause to the company through vandalism or stolen products. They look for patterns of suspicious behavior and closely observe shoppers, approaching them when they attempt to leave the store without paying for merchandise. Loss Prevention Officers collaborate with law enforcement and other Security Officers when necessary to prevent serial thefts at their store.
What does a Loss Prevention do?
A Loss Prevention Officer, or Asset Protection Specialist, is a surveillance and security professional responsible for preventing damage and theft, usually in a retail environment. Their duties include patrolling store aisles and monitoring customers, watching security camera footage and confronting individuals they suspect of theft.
Responsibilities
A Loss Prevention should be able to fulfill various duties and responsibilities. The following are some duties and responsibilities a Loss Prevention should be able to execute:
  • Monitor public areas for unusual activity and potential threats.
  • Monitor security systems like alarms and closed-circuit cameras.
  • Identify potential thieves from customers or staff.
  • Follow and confront a potential person of interest who is suspected of shoplifting.
  • Document theft and other violations of security, and what they observed on duty.
  • Work with law enforcement to detain suspects of shoplifting or dishonest employees.
Required Skills
A competitive Loss Prevention will have certain skills and qualifications, including:
  • Loss Prevention Officers need good judgment to react effectively and efficiently in stressful situations by taking the best course of action. They need to be the ones who remove the imminent danger of vandalism and theft from the store.
  • Officers also need to have great communication skills to explain the situation to employees and patrons of the store.
  • Loss Prevention Officers will be observing people during their work hours so they should have good observation skills, and be alert and aware. They should also think on their feet in case anything out of the ordinary happens.
  • Loss Prevention Officers need to be patient, observing and standing in the store for hours without distraction. They need to keep an alert mind and think clearly while remaining patient, as there can be days when nothing out of the ordinary occurs.
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