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%
$56,624
TOTAL 50%
$59,085
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)
Defines the importance of effective merchandising strategies in boosting retail sales and profit margins.
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Level 2 Behaviors
(Light Experience)
Assists customers with product inquiries by providing information about features, pricing, and availability.
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Level 3 Behaviors
(Moderate Experience)
Addresses intricate complaints and concerns effectively to ensure customer satisfaction and retention.
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Level 4 Behaviors
(Extensive Experience)
Contributes to the development of retail pricing strategies to maximize profitability and competitiveness.
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Level 5 Behaviors
(Mastery)
Champions the adoption of predictive analytics to optimize pricing, inventory management, and marketing strategies.
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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)
Describes the potential bottlenecks and challenges when managing our organization's retail operations.
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Level 2 Behaviors
(Light Experience)
Assists in monitoring the inventory, schedules, and resources required in our organization's retail operation.
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Level 3 Behaviors
(Moderate Experience)
Analyzes customer feedback and complaints to gain insights for facilitating retail improvements.
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Level 4 Behaviors
(Extensive Experience)
Evaluates our organization's supply chain management to determine cost-saving improvements.
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Level 5 Behaviors
(Mastery)
Builds monitoring systems for tracking and overseeing employee performance when adhering to retail procedures.
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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)
Assigns accounting documents to proper accounts to ensure accurate financial recordkeeping.
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Level 2 Behaviors
(Light Experience)
Collects forms from new vendors and inputs information into the accounting system.
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Level 3 Behaviors
(Moderate Experience)
Analyzes data to ensure proper accounting procedures have been followed.
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Level 4 Behaviors
(Extensive Experience)
Develops recommendations based on analysis related to the adoption of new accounting standards.
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Level 5 Behaviors
(Mastery)
Builds strong working relationships with business unit accounting teams.
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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)
Describes the importance of compliance audits to the organization.
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Level 2 Behaviors
(Light Experience)
Documents compliance issues that require follow-up or investigation.
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Level 3 Behaviors
(Moderate Experience)
Coordinates elaborate reports of compliance audit to the management to identify weaknesses in the compliance process.
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Level 4 Behaviors
(Extensive Experience)
Evaluates records, reports, practices, and documentation to confirm compliance with regulations and controls.
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Level 5 Behaviors
(Mastery)
Champions the adoption of compliance systems to improve efficiency and effectiveness.
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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)
Compiles a list of tools used to effectively schedule activities, such as Google Calendar and Canva.
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Level 2 Behaviors
(Light Experience)
Identifies and resolves scheduling conflicts between employees to ensure a smooth workflow.
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Level 3 Behaviors
(Moderate Experience)
Makes adjustments and recommendations for optimizing scheduling to maximize service and quality.
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Level 4 Behaviors
(Extensive Experience)
Coordinates with cross-functional teams to align work schedules with project activities.
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Level 5 Behaviors
(Mastery)
Builds integrated database tracking tools for staffing shrinkage patterns to optimize staffing scheduling forecasts.
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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)
Describes the importance and benefits of taking strategic actions in the workplace.
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Level 2 Behaviors
(Light Experience)
Gathers and compiles necessary data for the development of strategic action plans.
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Level 3 Behaviors
(Moderate Experience)
Executes strategic plans that support organizational goals and objectives.
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Level 4 Behaviors
(Extensive Experience)
Guides the team in improvising strategies to manage business risks effectively.
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Level 5 Behaviors
(Mastery)
Champions the adoption of advanced tools and technologies to resolve and minimize risks.
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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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