An asset protection associate is responsible for monitoring the operational activities to ensure the safety and security of the assets and enforcing strict regulations to avoid financial loss through theft instances and fraud activities. Asset protection associates' duties include reiterating safety regulations for everyone's compliance, observing and reporting suspicious movements inside the premises, utilizing surveillance cameras and security equipment to trace incidents, and performing necessary inspections for all employees as advised. An asset protection associate must be knowledgeable with the security systems and implement strategies that would contribute to the company's development.

Asset Protection Associate Responsibilities

Here are examples of responsibilities from real asset protection associate resumes representing typical tasks they are likely to perform in their roles.

  • Manage portfolios of foreclose properties to adhere to government HUD standards.
  • Manage foreclosure and bankruptcy from inception to completion and mitigate all potential losses within an acceptable range.
  • Prepare and QC production equipment for VFX supervisors.
  • Load, troubleshoot and attribute all images residing in the library.
  • Learn new hardware and software used in company to troubleshoot trouble tickets
  • Analyze each property's maintenance needs and issue work orders for require maintenance and repair; QC completion via photo inspection.
  • Design PowerPoint presentations for various information regarding placements and promotions.
  • Utilize and ensure all CCTV components are functional while providing appropriate levels of surveillance capabilities within the facility.
  • Adhere to establish internal control procedures including proper fraud detection procedures as well as performing proper audit procedures.
  • Identify and conduct internal theft investigations using all legal means necessary within the framework of establish department investigative policies and procedures.
Asset Protection Associate Traits
Good judgement involves being able to make a decision between 2 or more options in order to reach the best possible outcome in a short amount of time.
Observational skills show that you are capable of gathering information about the workplace around you through a means of communication.
Having patience exemplifies that the individual is able to remain calm during challenging times.

Asset Protection Associate Job Description

When it comes to understanding what an asset protection associate does, you may be wondering, "should I become an asset protection associate?" The data included in this section may help you decide. Compared to other jobs, asset protection associates have a growth rate described as "as fast as average" at 4% between the years 2018 - 2028, according to the Bureau of Labor Statistics. In fact, the number of asset protection associate opportunities that are predicted to open up by 2028 is 40,600.

On average, the asset protection associate annual salary is $30,301 per year, which translates to $14.57 an hour. Generally speaking, asset protection associates earn anywhere from $16,000 to $55,000 a year, which means that the top-earning asset protection associates make $39,000 more than the ones at the lower end of the spectrum.

It's hard work to become an asset protection associate, but even the most dedicated employees consider switching careers from time to time. Whether you're interested in a more challenging position or just looking for a fresh start, we've compiled extensive information on becoming an officer, bouncer, security, and petty officer.

Asset Protection Associate Jobs You Might Like

Asset Protection Associate Resume Examples

Asset Protection Associate Skills and Personality Traits

We calculated that 26% of Asset Protection Associates are proficient in Customer Service, Loss Prevention, and Store Management. They’re also known for soft skills such as Good judgment, Observation skills, and Patience.

We break down the percentage of Asset Protection Associates that have these skills listed on their resume here:

  • Customer Service, 26%

    Ensured outstanding Customer Service by processing inbound/outbound trailers entering/exiting company property, while maintaining integrity of the freight at all times.

  • Loss Prevention, 16%

    Trained, supervised and evaluated loss prevention personnel within the district emphasizing company standards of professionalism and safety.

  • Store Management, 11%

    Participated in new store openings and facilitated turnover process for xx locations.

  • Suspicious Activity, 8%

    Monitor all suspicious activity within a retail environment by utilizing video camera's, floor surveillance, and computer technology.

  • Company Policies, 7%

    Monitored department operations to ensure compliance with established rules and regulations and ensured that associates followed company policies and procedures.

  • Cctv, 5%

    Monitored CCTV surveillance equipment, maintained 2-way radio communication with store associates and apprehended internal/external shoplifters according to company procedures.

Most asset protection associates list "customer service," "loss prevention," and "store management" as skills on their resumes. We go into more details on the most important asset protection associate responsibilities here:

  • Good judgment can be considered to be the most important personality trait for an asset protection associate to have. According to a asset protection associate resume, "security guards and officers must be able to quickly determine the best course of action when a dangerous situation arises." Asset protection associates are able to use good judgment in the following example we gathered from a resume: "maintained good rapport with local law enforcement. "
  • While it may not be the most important skill, we found that many asset protection associate duties rely on observation skills. This example from a asset protection associate explains why: "security guards and officers must be alert and aware of their surroundings, and be able to quickly recognize anything out of the ordinary." This resume example is just one of many ways asset protection associates are able to utilize observation skills: "watched for people stealing merchandise from each location using cctv and on floor observation. "
  • Another skill that is quite popular among asset protection associates is patience. This skill is very critical to fulfilling every day responsibilities as is shown in this example from a asset protection associate resume: "security guards and officers may need to spend long periods standing and observing their environment without distractions." This example from a resume shows how this skill is used: "take orders from manager in charge skills used communication skills patience listen attention"
  • An asset protection associate responsibilities sometimes require "communication skills." The responsibilities that rely on this skills are shown by this resume excerpt: "security guards and officers must communicate effectively with others, even in stressful situations." This resume example shows how this skill is used by asset protection associates: "maintained communications with law enforcement personnel. "
  • See the full list of asset protection associate skills.

    After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming an asset protection associate. We found that 34.0% of asset protection associates have graduated with a bachelor's degree and 3.7% of people in this position have earned their master's degrees. While some asset protection associates have a college degree, you may find it's also true that generally it's possible to be successful in this career with only a high school degree. In fact, our research shows that one out of every four asset protection associates were not college graduates.

    The asset protection associates who went onto college to earn a more in-depth education generally studied criminal justice and business, while a small population of asset protection associates studied general studies and psychology.

    Once you've obtained the level of education you're comfortable with, you might start applying to companies to become an asset protection associate. We've found that most asset protection associate resumes include experience from J. C. Penney, Hibbett Sports, and CVS Health. Of recent, J. C. Penney had 30 positions open for asset protection associates. Meanwhile, there are 23 job openings at Hibbett Sports and 12 at CVS Health.

    Since salary is important to some asset protection associates, it's good to note that they are figured to earn the highest salaries at Ropes & Gray, First Republic Bank, and JPMorgan Chase & Co. If you were to take a closer look at Ropes & Gray, you'd find that the average asset protection associate salary is $133,633. Then at First Republic Bank, asset protection associates receive an average salary of $101,579, while the salary at JPMorgan Chase & Co. is $76,184.

    View more details on asset protection associate salaries across the United States.

    The three companies that hire the most prestigious asset protection associates are:

      What Officers Do

      An officer is responsible for managing the daily operations of the assigned area, ensuring its peace and security by monitoring and reporting unusual and suspicious activities. Officers are the ones enforcing strict safety protocols and procedures to maintain the order within the premises. They also coordinate with law enforcement agencies in conducting appropriate investigations for any violating cases. An officer must be highly-knowledgeable of the law policies, as well as possessing excellent leadership skills to manage the members under the officer's patrol.

      We looked at the average asset protection associate annual salary and compared it with the average of an officer. Generally speaking, officers receive $30,790 lower pay than asset protection associates per year.

      While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both asset protection associates and officers positions are skilled in customer service, suspicious activity, and cctv.

      These skill sets are where the common ground ends though. An asset protection associate responsibility is more likely to require skills like "loss prevention," "store management," "company policies," and "compliance issues." Whereas a officer requires skills like "procedures," "facility," "public safety," and "clearance." Just by understanding these different skills you can see how different these careers are.

      Officers tend to make the most money in the finance industry by averaging a salary of $58,890. In contrast, asset protection associates make the biggest average salary of $34,707 in the retail industry.

      The education levels that officers earn is a bit different than that of asset protection associates. In particular, officers are 13.3% more likely to graduate with a Master's Degree than an asset protection associate. Additionally, they're 2.1% more likely to earn a Doctoral Degree.

      What Are The Duties Of a Bouncer?

      Next up, we have the bouncer profession to look over. This career brings along a lower average salary when compared to an asset protection associate annual salary. In fact, bouncers salary difference is $48,486 lower than the salary of asset protection associates per year.

      While the salary may be different for these job positions, there is one similarity and that's a few of the skills needed to perform certain duties. We used info from lots of resumes to find that both asset protection associates and bouncers are known to have skills such as "suspicious activity," "law enforcement," and "safety rules. "

      While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that asset protection associate responsibilities requires skills like "customer service," "loss prevention," "store management," and "company policies." But a bouncer might use skills, such as, "front door," "ids," "crowd control," and "bartenders."

      When it comes to the differences in education between the two professions, bouncers tend to reach lower levels of education than asset protection associates. In fact, they're 5.5% less likely to graduate with a Master's Degree and 2.1% less likely to earn a Doctoral Degree.

      How a Security Compares

      A Security's main responsibility is to keep people or an establishment safe. This responsibility is carried out by constantly patrolling a designated area and monitoring the activity within the premises. Most of the tasks involved are inspecting buildings and equipment, monitoring entry and exit points, reporting irregularities, responding to customers in distress, and other surveillance activities. The security is basically an establishment's first line of defense, this is why one must have good communication skills, keen observation and judgment, and as well as presence of mind.

      The third profession we take a look at is security. On an average scale, these workers bring in lower salaries than asset protection associates. In fact, they make a $47,029 lower salary per year.

      Using asset protection associates and securities resumes, we found that both professions have similar skills such as "customer service," "loss prevention," and "suspicious activity," but the other skills required are very different.

      As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from asset protection associates resumes, they are more likely to have skills like "store management," "compliance issues," "internal investigations," and "fraudulent activity." But a security might have skills like "general public," "daily activities," "cpr," and "detect signs."

      Interestingly enough, securities earn the most pay in the finance industry, where they command an average salary of $32,623. As mentioned previously, asset protection associates highest annual salary comes from the retail industry with an average salary of $34,707.

      When it comes to education, securities tend to earn similar education levels than asset protection associates. In fact, they're 4.3% less likely to earn a Master's Degree, and 0.3% less likely to graduate with a Doctoral Degree.

      Description Of a Petty Officer

      A petty officer is a non-commissioned navy officer who is responsible for supervising the day-to-day activities of junior sailors and making sure that they have a productive day. Petty officers with more experience are expected to provide training in basic skills to their junior petty officers. Once a petty officer is reprimanded, first-class petty officers may conduct discipline by ordering those reprimanded to do extra military instruction or extra work within the division. Petty officers are also required to meet all the requirements for surface warfare qualification.

      Now, we'll look at petty officers, who generally average a lower pay when compared to asset protection associates annual salary. In fact, the difference is about $40,657 per year.

      According to resumes from both asset protection associates and petty officers, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "law enforcement," "inventory control," and "physical security. "

      While some skills are shared by these professions, there are some differences to note. "customer service," "loss prevention," "store management," and "suspicious activity" are skills that have shown up on asset protection associates resumes. Additionally, petty officer uses skills like procedures, military personnel, preventive maintenance, and electrical systems on their resumes.

      Petty officers reach similar levels of education when compared to asset protection associates. The difference is that they're 2.7% more likely to earn a Master's Degree less, and 0.4% less likely to graduate with a Doctoral Degree.