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)
Describes the application of upselling, cross-selling, and closing sales techniques in retail operations.
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Level 2 Behaviors
(Light Experience)
Conducts research on current and upcoming distribution channels tailored to a specific product category.
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Level 3 Behaviors
(Moderate Experience)
Analyzes consumer buying patterns and trends to predict product and service demands.
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Level 4 Behaviors
(Extensive Experience)
Creates and leverages KPIs to assess the effectiveness of retail sales strategies and promotional methods.
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Level 5 Behaviors
(Mastery)
Designs and executes customer segmentation and personalization techniques to deliver tailored marketing promotions.
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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 techniques and methods used to ensure a smooth and efficient retail operation.
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Level 2 Behaviors
(Light Experience)
Collects data on product organization, signage, displays, and aesthetics to help evaluate customer experience.
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Level 3 Behaviors
(Moderate Experience)
Assesses future retail strategies and initiatives to confirm the necessary resources for achieving success.
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Level 4 Behaviors
(Extensive Experience)
Evaluates store layouts to identify ways of enhancing the physical arrangement of products.
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Level 5 Behaviors
(Mastery)
Champions a seamless customer experience across multiple channels covering different customer touchpoints.
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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)
Classifies and records payroll and related transactions in the accounting system.
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Level 2 Behaviors
(Light Experience)
Compiles periodic reports extracting required accounting information from records maintained.
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Level 3 Behaviors
(Moderate Experience)
Analyzes key data to solve complex issues in accounting, business finance, and management.
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Level 4 Behaviors
(Extensive Experience)
Develops solid relationships with cross-functional partners to keep the business ahead of emerging accounting issues.
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Level 5 Behaviors
(Mastery)
Designs organizational structure of the Accounting Department.
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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)
Differentiates the meaning of acting versus being in motion at work.
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Level 2 Behaviors
(Light Experience)
Looks for ways to encourage others to take initiative at work.
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Level 3 Behaviors
(Moderate Experience)
Implements corrective measures to address emerging issues within our business.
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Level 4 Behaviors
(Extensive Experience)
Implements organizational development strategies to meet immediate and long-term business needs.
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Level 5 Behaviors
(Mastery)
Develops manageable strategies to achieve organizational goals successfully.
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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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