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)
Lists diverse activities and functions of retailing including buying, advertising, and data processing.
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Level 2 Behaviors
(Light Experience)
Records and reports customer feedback to assist in optimizing retail offerings and improving service quality.
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Level 3 Behaviors
(Moderate Experience)
Utilizes advanced software and technology to automate and optimize retail operations.
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Level 4 Behaviors
(Extensive Experience)
Oversees inventory control and supply chain processes to ensure optimal stock levels and minimize costs.
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Level 5 Behaviors
(Mastery)
Leads omnichannel optimization initiatives to ensure a seamless and integrated customer journey.
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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)
Identifies and cites the different retail departments and communications channels within our organization.
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Level 2 Behaviors
(Light Experience)
Reports operation improvement opportunities to enhance retailer costs and customer experiences.
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Level 3 Behaviors
(Moderate Experience)
Improves customer security and convenience by communicating areas for streamlining payment processing.
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Level 4 Behaviors
(Extensive Experience)
Monitors staff adherence to policies to ensure consistent and efficient delivery of retail operations.
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Level 5 Behaviors
(Mastery)
Establishes our organization's standard operating procedure to ensure efficient retail operations.
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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)
Explains the basic concepts and major terminology of accounting.
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Level 2 Behaviors
(Light Experience)
Records financial transactions in the general ledger following accepted accounting principles.
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Level 3 Behaviors
(Moderate Experience)
Maintains consistency of accounts payable functions with sound accounting principles.
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Level 4 Behaviors
(Extensive Experience)
Leads the development of an accounting system to manage financial records and other information.
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Level 5 Behaviors
(Mastery)
Improves accounting procedures by analyzing current processes and adopting advanced methods.
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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 purpose of a compliance audit in assessing the effectiveness of a compliance program.
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Level 2 Behaviors
(Light Experience)
Records audit to ensure compliance with documentation guidelines.
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Level 3 Behaviors
(Moderate Experience)
Prepares necessary documents and reports to support the organization’s compliance audit activities.
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Level 4 Behaviors
(Extensive Experience)
Provides solutions and recommendations to resolve control issues identified in the compliance audit.
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Level 5 Behaviors
(Mastery)
Improves processes and eliminates non-compliance to streamline the audit process.
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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)
Lists ways to improve scheduling skills, including setting deadlines, using a planner and delegating tasks.
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Level 2 Behaviors
(Light Experience)
Reports the changes in scheduled appointments for management to review.
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Level 3 Behaviors
(Moderate Experience)
Uses organizational workforce models to determine schedules that meet operational commitments.
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Level 4 Behaviors
(Extensive Experience)
Organizes calendars for department personnel to set meetings, conferences, teleconferences, and travel.
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Level 5 Behaviors
(Mastery)
Designs an organizational timetable to keep track of all scheduled activities of employees.
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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)
Cites examples of best practices used in creating and implementing strategic and tactical action plans.
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Level 2 Behaviors
(Light Experience)
Assists in implementing a corrective action plan to solve organizational problems.
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Level 3 Behaviors
(Moderate Experience)
Evaluates business products and services to identify and develop plans to improve them.
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Level 4 Behaviors
(Extensive Experience)
Encourages others to act quickly to ensure on-time completion of assigned work.
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Level 5 Behaviors
(Mastery)
Anticipates actions of others to outmaneuver the competitors and satisfy future customer needs.
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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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