What does a loss prevention analyst do?
A loss prevention analyst designs and develops loss prevention programs, typically for retail establishments. They are in charge of providing analytical services primarily to avoid or resolve cases of theft and fraud. Among their responsibilities include gathering and analyzing financial and inventory data, inspecting alarm systems and protocols, performing research and analysis to identify the best practices, determining the strengths and weaknesses of current loss prevention techniques, and implementing solutions against vulnerable areas. Furthermore, a loss prevention analyst must maintain an active communication line with managers and loss prevention officers for a smooth and efficient workflow.
Loss prevention analyst responsibilities
Here are examples of responsibilities from real loss prevention analyst resumes:
- Manage foreclosure and bankruptcy from inception to completion and mitigate all potential losses within an acceptable range.
- Ensure that physical security controls (CCTV, EAS, alarm systems) are operating effectively to minimize shrinkage.
- Monitor CCTV cameras, report and apprehend shop-lifters, and walk around the store to observe anything suspicious.
- Analyze bankruptcy and foreclosure files in order to devise a strategy to minimize loss and maximize financial recovery.
- Protect company's assets by utilizing state-of-the-art detection and investigation surveillance system, which identify shoplifters and prevent loss of merchandise.
Loss prevention analyst skills and personality traits
We calculated that 24% of Loss Prevention Analysts are proficient in Loss Prevention, Customer Service, and Camera Surveillance. They’re also known for soft skills such as Detail oriented, Physical strength, and Communication skills.
We break down the percentage of Loss Prevention Analysts that have these skills listed on their resume here:
- Loss Prevention, 24%
Analyzed loss prevention statistical data, monitored audit compliance, created and delivered monthly reports to senior level executives.
- Customer Service, 18%
Display effective customer service skills by responding to data gathered from internal database/resources that may identify potential loans requiring action.
- Camera Surveillance, 5%
Perform camera surveillance, detecting and apprehending shoplifters, and detecting and investigating dishonest employees.
- Basic Math, 5%
Read, write, perform basic mathematical computations, and comprehend instructions.
- Risk Management, 4%
Profit protection, shortage reduction and risk management/safety programs.
- CCTV, 4%
Wired/installed/maintained CCTV security cameras, managed point of sales network connectivity, and safety Meetings
"loss prevention," "customer service," and "camera surveillance" are among the most common skills that loss prevention analysts use at work. You can find even more loss prevention analyst responsibilities below, including:
Detail oriented. One of the key soft skills for a loss prevention analyst to have is detail oriented. You can see how this relates to what loss prevention analysts do because "fire inspectors must notice minutiae when inspecting sites for code violations or fire risks or for investigating the cause of a fire." Additionally, a loss prevention analyst resume shows how loss prevention analysts use detail oriented: "receive and report confidential details of internal investigations to regional loss prevention director and area loss prevention manager. "
Physical strength. Many loss prevention analyst duties rely on physical strength. "fire investigators may have to move debris at the site of a fire in order to get a more accurate understanding of the scene.," so a loss prevention analyst will need this skill often in their role. This resume example is just one of many ways loss prevention analyst responsibilities rely on physical strength: "develop a loss prevention risk index model to determine physical security system requirements in retail store development roi models. "
Communication skills. loss prevention analysts are also known for communication skills, which are critical to their duties. You can see how this skill relates to loss prevention analyst responsibilities, because "fire inspectors must clearly explain fire code violations to building and property managers." A loss prevention analyst resume example shows how communication skills is used in the workplace: "maintain loss prevention awareness through staff training and communication. "
The three companies that hire the most loss prevention analysts are:
- Columbia Sportswear2 loss prevention analysts jobs
- M&T Bank2 loss prevention analysts jobs
- BNY Mellon2 loss prevention analysts jobs
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Compare different loss prevention analysts
Loss prevention analyst vs. Public safety officer
Public relations assistants are professionals who are responsible for creating and distributing promotional materials to help clients increase their public image and awareness of their products and services. These assistants are required to help develop and distribute public relations materials such as brochures, pamphlets, newsletters, and sell sheets. They must handle all the communications of their clients to the public by supervising social media content, press releases, and emails. Public relations assistants must also gather materials to be used in trade shows or client presentations.
There are some key differences in the responsibilities of each position. For example, loss prevention analyst responsibilities require skills like "data loss prevention," "camera surveillance," "basic math," and "risk management." Meanwhile a typical public safety officer has skills in areas such as "patrol," "patients," "public safety," and "cpr." This difference in skills reveals the differences in what each career does.
Public safety officers earn the highest salaries when working in the health care industry, with an average yearly salary of $38,645. On the other hand, loss prevention analysts are paid more in the finance industry with an average salary of $44,380.The education levels that public safety officers earn slightly differ from loss prevention analysts. In particular, public safety officers are 0.3% more likely to graduate with a Master's Degree than a loss prevention analyst. Additionally, they're 0.1% less likely to earn a Doctoral Degree.Loss prevention analyst vs. Military police officer
A military police officer is responsible for ensuring the safety and security of the areas assigned for their duly protection. Military police officers monitor their premises efficiently, inspecting suspicious individuals within the territory, and enforcing strict legislation protocols and military regulations for everyone's compliance. They locate security breaches, assist with law enforcement investigations, provide battlefield support, and coordinate with other law institutions and citizens for security enhancement. A military police officer must have extensive knowledge with state procedures and military rules, performing various duties, and maintaining peace and order.
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that loss prevention analyst responsibilities requires skills like "loss prevention," "customer service," "data loss prevention," and "camera surveillance." But a military police officer might use other skills in their typical duties, such as, "crowd control," "order operations," "patrol," and "public safety."
Average education levels between the two professions vary. Military police officers tend to reach similar levels of education than loss prevention analysts. In fact, they're 2.6% more likely to graduate with a Master's Degree and 0.1% more likely to earn a Doctoral Degree.Loss prevention analyst vs. Police officer
Police officers are responsible for keeping peace and security in a community. They uphold and enforce the law. They ensure that people in their assigned community follow the law. They also ensure that proper sanctions are given out to anyone who does not follow. Some police officers are assigned in the field, meaning they work outside of police stations. Those assigned to police stations are responsible for maintaining administrative matters as well, aside from maintaining peace and order. Police officers are expected to be trustworthy, to work with honor, and to keep their integrity intact.
The required skills of the two careers differ considerably. For example, loss prevention analysts are more likely to have skills like "loss prevention," "customer service," "data loss prevention," and "camera surveillance." But a police officer is more likely to have skills like "patrol," "public safety," "field training," and "cpr."
Police officers make a very good living in the government industry with an average annual salary of $53,822. On the other hand, loss prevention analysts are paid the highest salary in the finance industry, with average annual pay of $44,380.Most police officers achieve a similar degree level compared to loss prevention analysts. For example, they're 2.4% more likely to graduate with a Master's Degree, and 0.4% more likely to earn a Doctoral Degree.Loss prevention analyst vs. Patrol officer
The job of patrol officers is to enforce ordinances, laws, prevent crime, control crowds, arrest violators, and regulate traffic. They also perform other duties that may include monitoring an assigned area for unauthorized or suspicious activity, responding to reports of emergencies and possible crime such as robberies, and building good relationships with community members. To be a successful patrol officer, you should have solid judgment, excellent communication skills, and decision-making skills in stressful situations.
Types of loss prevention analyst
Updated January 8, 2025
