Skills & Competencies for Retail Loss Prevention Manager

Retail Loss Prevention Manager job profile

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JOB SUMMARY for Retail Loss Prevention Manager

Responsible for safeguarding company assets in a defined geographic region.

JOB RESPONSIBILITIES for Retail Loss Prevention Manager

Uses employee training and audits to prevent merchandise loss; investigates known losses and coordinates with police on theft prosecution.

Retail Loss Prevention Manager SALARY RANGE

BASE 50%
$97,433
TOTAL 50%
$106,185
Job Level
P03
Job Code
SM15000248
Education/Degree
Bachelor's Degree
Reports To
Retail Loss Prevention Director

Retail Loss Prevention Manager 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 Manager 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 Manager

1 Industry Competency – Retail Industry
Proficiency Level -2
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 Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Retail Loss Prevention Manager
Proficiency Level - 4
5 Competency for - Retail Loss Prevention Manager
Proficiency Level - 5

4 general skills or competencies (Job family competencies) for Retail Loss Prevention Manager

1 Job Family Competencies – Safety Policies and Procedures
Proficiency Level -2
Skill definition-Establishing and implementing clear safety policies and procedures to effectively manage hazards and risks associated with the business operations.
Level 1 Behaviors
(General Familiarity)
Cites examples of best practices for developing safety policies and procedures.
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Level 2 Behaviors
(Light Experience)
Applies safety concepts in the workplace, including the proper use of personal protective equipment.
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Level 3 Behaviors
(Moderate Experience)
Drafts standard operating procedures to ensure seamless implementation of safety policies.
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Level 4 Behaviors
(Extensive Experience)
Delivers clear interpretation of safety policies, procedures, and reports to all junior managers and staff.
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Level 5 Behaviors
(Mastery)
Conceptualizes innovative ways to drive continuous improvements in our safety policies and procedures.
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2 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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3 Retail Loss Prevention Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Retail Loss Prevention Manager
Proficiency Level - 4
5 Competency for - Retail Loss Prevention Manager
Proficiency Level - 5

10 soft skills or competencies (core competencies) for Retail Loss Prevention Manager

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)
Cites examples of effective scheduling skills, including data entry, customer service, and appointment setting.
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Level 2 Behaviors
(Light Experience)
Documents different kinds of communications related to work schedules, such as memos, emails, and reports.
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Level 3 Behaviors
(Moderate Experience)
Administers phone calls and emails to respond to customers' inquiries regarding upcoming or scheduled appointments.
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Level 4 Behaviors
(Extensive Experience)
Collaborates with workforce management professionals to integrate scheduling optimization tools.
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Level 5 Behaviors
(Mastery)
Authorizes the planning schedules of companies and organizations that operate in various industries.
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2 Core Competencies – Taking Action
Proficiency Level -3
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 Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Retail Loss Prevention Manager
Proficiency Level - 4
5 Competency for - Retail Loss Prevention Manager
Proficiency Level - 5

Summary of Retail Loss Prevention Manager skills and competencies

There are 6 hard skills for Retail Loss Prevention Manager, Retail Industry, Retail Operations, Loss Prevention in Retail, etc.
4 general skills for Retail Loss Prevention Manager, Safety Policies and Procedures, Accounting, Compliance Audit, etc.
10 soft skills for Retail Loss Prevention Manager, Scheduling, Taking Action, Process Improvement, etc.
While the list totals 20 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 Manager, he or she needs to be proficient in Scheduling, be skilled in Taking Action, and be proficient in Process Improvement.

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