Skills & Competencies for Retail Loss Prevention Auditor

Retail Loss Prevention Auditor job profile

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JOB SUMMARY for Retail Loss Prevention Auditor

Performs analysis and reviews store accounting, inventory, and transaction data to detect issues and ensure that policies and programs to reduce loss are implemented.

JOB RESPONSIBILITIES for Retail Loss Prevention Auditor

Evaluates processes and procedures to identify internal control weaknesses that could result in loss. Recommends procedures and programs to remediate internal control weaknesses and mitigate losses. Coordinates with law enforcement to conduct investigations of theft or fraud. Investigates employee policy violations.

Retail Loss Prevention Auditor SALARY RANGE

BASE 50%
$56,772
TOTAL 50%
$59,237
Job Level
P02
Job Code
SM15000249
Education/Degree
Bachelor's Degree
Reports To
Supervisor or Manager

Retail Loss Prevention Auditor Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Retail Loss Prevention Auditor skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
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6 hard skills or competencies (industry competencies) for Retail Loss Prevention Auditor

1 Industry Competency – Retail Industry
Proficiency Level -1
Skill definition-Applying comprehensive knowledge of retail principles, inventory management, pricing strategies, and consumer behavior to effectively manage and operate retail businesses.
Level 1 Behaviors
(General Familiarity)
Identifies and explains the characteristics and key features of various retail business models.
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Level 2 Behaviors
(Light Experience)
Gathers and compiles data about key competitors for a specific of product.
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Level 3 Behaviors
(Moderate Experience)
Deploys inventory management strategies to ensure product availability and minimize disruptions.
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Level 4 Behaviors
(Extensive Experience)
Leads the implementation of omnichannel retailing to ensure seamless and consistent brand experience for customers.
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Level 5 Behaviors
(Mastery)
Expands market presence through the strategic utilization of cutting-edge technologies, such as online platforms.
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2 Industry Competency – Retail Operations
Proficiency Level -2
Skill definition-Overseeing the daily operations and duties of running a retail store or chain in order to ensure customer satisfaction and adequate resources.
Level 1 Behaviors
(General Familiarity)
Explains why inventory management is crucial when ensuring sufficient retail resources.
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Level 2 Behaviors
(Light Experience)
Gathers customer feedback to help improve service quality, delivery services, refunds, store layout, and atmosphere.
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Level 3 Behaviors
(Moderate Experience)
Helps prepare and implement budgets and operating processes to ensure efficiency and profitability.
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Level 4 Behaviors
(Extensive Experience)
Facilitates facility improvement initiatives to ensure a safe, attractive, and efficient customer experience.
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Level 5 Behaviors
(Mastery)
Develops guidelines and materials for training staff on retail techniques and processes.
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3 Retail Loss Prevention Auditor - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Retail Loss Prevention Auditor
Proficiency Level - 4
5 Competency for - Retail Loss Prevention Auditor
Proficiency Level - 5

3 general skills or competencies (Job family competencies) for Retail Loss Prevention Auditor

1 Job Family Competencies – Accounting
Proficiency Level -2
Skill definition-Creating financial statements and reports based on the summary of financial and business transactions.
Level 1 Behaviors
(General Familiarity)
Documents various cost accounting problems along with their relevant solutions.
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Level 2 Behaviors
(Light Experience)
Follows up with operations to ensure that approved invoices are turned in to accounting.
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Level 3 Behaviors
(Moderate Experience)
Handles various cost accounting projects to provide increasingly accurate product cost information.
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Level 4 Behaviors
(Extensive Experience)
Ensures that the timing of expenses is accurately planned for within the company's accounting policies.
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Level 5 Behaviors
(Mastery)
Establishes accounting policies to support global activities and leads its implementation.
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2 Job Family Competencies – Compliance Audit
Proficiency Level -2
Skill definition-Facilitating a comprehensive evaluation of an organization to ensure compliance with external laws, rules, and regulations or internal guidelines.
Level 1 Behaviors
(General Familiarity)
Discusses the different types of compliance audits based on the needs of the organization.
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Level 2 Behaviors
(Light Experience)
Documents compliance test results and identifies audit issues following work guidelines.
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Level 3 Behaviors
(Moderate Experience)
Executes internal operational audits to identify and address compliance risks.
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Level 4 Behaviors
(Extensive Experience)
Oversees execution of compliance audit process to ensure efficient and accurate audit findings.
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Level 5 Behaviors
(Mastery)
Develops and implements audit processes to ensure adherence to compliance standards.
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3 Retail Loss Prevention Auditor - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Retail Loss Prevention Auditor
Proficiency Level - 4
5 Competency for - Retail Loss Prevention Auditor
Proficiency Level - 5

9 soft skills or competencies (core competencies) for Retail Loss Prevention Auditor

1 Core Competencies – Scheduling
Proficiency Level -2
Skill definition-Ability to plan and organize activities, tasks, and resources to achieve business goals and objectives within timeframe and budget.
Level 1 Behaviors
(General Familiarity)
Discusses the importance of scheduling, which includes achieving a good work-life balance.
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Level 2 Behaviors
(Light Experience)
Records employee availability to increase attendance at scheduled meetings.
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Level 3 Behaviors
(Moderate Experience)
Prepares staffing forecast dashboards as well as comparative data on results versus forecasts.
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Level 4 Behaviors
(Extensive Experience)
Manages travel arrangements or schedules, such as booking flights and making hotel or restaurant reservations.
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Level 5 Behaviors
(Mastery)
Creates strategies and objectives to improve the functional infrastructure of general workforce scheduling.
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2 Core Competencies – Taking Action
Proficiency Level -2
Skill definition-Forecasting business needs and implementing timely corrective actions to satisfy future business demands.
Level 1 Behaviors
(General Familiarity)
Identifies the methodologies used in taking a corrective course of action at work.
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Level 2 Behaviors
(Light Experience)
Teams with others in brainstorming ideas on how to improve business policies and procedures.
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Level 3 Behaviors
(Moderate Experience)
Takes the initiative at work to address specific issues or topics.
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Level 4 Behaviors
(Extensive Experience)
Sets clear business goals and formulates corrective courses of action to achieve them.
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Level 5 Behaviors
(Mastery)
Generates strategic action plans to accelerate the achievement of business goals and objectives.
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3 Retail Loss Prevention Auditor - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Retail Loss Prevention Auditor
Proficiency Level - 4
5 Competency for - Retail Loss Prevention Auditor
Proficiency Level - 5

Summary of Retail Loss Prevention Auditor skills and competencies

There are 6 hard skills for Retail Loss Prevention Auditor, Retail Industry, Retail Operations, Loss Prevention in Retail, etc.
3 general skills for Retail Loss Prevention Auditor, Accounting, Compliance Audit, Inventory Control.
9 soft skills for Retail Loss Prevention Auditor, Scheduling, Taking Action, Process Improvement, etc.
While the list totals 18 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Retail Loss Prevention Auditor, he or she needs to be proficient in Scheduling, be proficient in Taking Action, and be proficient in Process Improvement.

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