Loss Prevention Analyst Research Paper

Improved Essays
Matthew Fiume
Mrs. Siplivy
English 10
9 April 2016 “If you’re going to be thinking anything, you might as well think big” (Donald Trump). When choosing a career it is important to keep in mind the future you will have with that job and whether or not it allows you to grow. In a ten year span from 2014-2024, there are 255,400 projected job openings as a loss prevention analyst (Loss Prevention Managers). In a world where the competition for jobs is very intense, it appears there is little future or room to grow as a loss prevention analyst. A loss prevention analyst typically has a solid education with experience in finance, a poor annual income, and quality on-the-job skills and values. To become a loss prevention analyst would not
…show more content…
When asked what education is acceptable to become a loss prevention analyst, many replied that they had a four year bachelor’s degree in business (Loss Prevention Analyst). Also, it is important to have knowledge of laws, legal codes, court procedures, government regulations, agency rules, and the domestic political process (Loss Prevention Manager). Knowing and understanding these laws and regulations is important in order to minimize losses or damages to the company. Strategic planning and management principles are key in everyday operations as a loss prevention analyst (Loss Prevention Manager). Management is important because relaying information to coworkers ultimately minimizes loss to the company. Although education is vital, experience is just as essential. Experience in retail is significant because it teaches cash accounting and cashier principles (Loss Prevention Analyst). Education and experience are key aspects to be a loss prevention analyst. Examining the wage is always smart when choosing a …show more content…
For loss prevention analysts, using logic and reasoning to identify strengths and weaknesses of multiple solutions and approaches to problems is a major skill needed (Loss Prevention Manager). Analyzing and evaluating results to select the best solution and solve problems (Loss Prevention Manager). Again, properly doing this minimizes losses and damages to the company. Moreover, handling complaints and resolving conflicts with others is very commonly found in the everyday operations as a loss prevention analyst (Loss Prevention Manager). Loss prevention analysts need to be patient and able to analyze a situation in front of them and maturely rectify the complication. On-job skills and values illustrate what the job is really

Related Documents

  • Improved Essays

    Attackers exploiting default configurations to gain access to the network and to information stored on devices in the network are major threat to home gateway devices. In order to mitigate this threat there are many common default configurations a user should change. When setting up a home network, a user should make sure to change the default passwords. They should set up a strong account password and wifi password using best practices. The user should use a strong security protocol such as WPA2 instead of the default WEP which is not secure.…

    • 693 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Upon determining what should be in the intranet, what risk is the organization willing to tolerate should be tackled. An assessment of the privacy controls and security controls can be determined by using NIST Special Publication 800-53A: Assessing Security and Privacy Controls in Federal Information Systems and Organizations, Building Effective Assessment Plans as a guide along with NIST Special Publication 800-30, Rev-1, Guide for Conducting Risk Assessments (NIST SP 30-1, 800-53A). To truly understand this publication is prohibitive to fully explain; however, this step is critical and will impact your intranet dramatically. To simplify: you cannot always have the risk metric you desired because by doing so would make your system so slow and unusable you could not accomplish much.…

    • 428 Words
    • 2 Pages
    Decent Essays
  • Great Essays

    Est1 Task 5.2

    • 972 Words
    • 4 Pages

    5.0 Enforcement 5.1 Should an employee be in violation of Health and Safety Policies and/or Procedures, disciplinary action will be taken in accordance with the General Pipe Disciplinary Policies and Procedures. 5.2. General Pipe expects all supervision including foremen, general foremen, superintendents and management to equally participate in correcting unsafe acts and conditions and in enforcing discipline throughout the company. It is the duty and obligation of supervision to do all jobs within safety and health guidelines. 5.3 Disciplinary action shall be taken as a result of safety violations.…

    • 972 Words
    • 4 Pages
    Great Essays
  • Improved Essays

    Unique skills and Competency Members of Poptails Plus have prepared an assessment of their leadership, experience and competency skill sets. The results will assure we match these skills and expertise to the appropriate functions to operate the business. My assessments will aide in defining the gaps, where my team members will compliment those gaps, how my strengths will benefit Poptails Plus and identify Brain Trust and friends to support the weaker skills. Strong Skill Sets…

    • 769 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Residual Risk Assessment As stated before, Course of Action #3 (SPRIRAL SPUR) is designed for the rapid recovery of the Zelzal-4 missiles and destruction of the Caprica’s Thunder terrorist camp. With a short pause to regroup the coalition party, operations will turn to securing of the nuclear reactor for UN and stable AO with Caprica deterred from further regional aggression. Due to the risked identified, mitigation has been put in place. Mitigation includes…. • intelligence preparation of the operating environment • using our longer range strike capabilities to protect and defend • heavily focusing on the diplomatic and information instruments of power (IOP) If IOP or any military execution fails, PEGCOM/CCDR will be prepared for contingency…

    • 604 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Hazardous Waste Recycling

    • 978 Words
    • 4 Pages

    Arguably, CERCLA has not been as effective in preventing future hazardous waste disposal sites. CERCLA was enacted as a reactive measure to known and unknown hazardous waste disposal sites. As the EPA, federal and local governments move forward amendments need to be made to transform the EPA and CERCLA into a proactive agency and policy. This can be achieved by maintaining oversight on known hazardous waste sites, while regulating and preventing the occurrence of new hazardous waste sites. This approach can be facilitated in several different ways.…

    • 978 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The career I am researching is that of a financial examiner. Basically, a financial examiner goes over balance sheets and other financial statements to ensure that all laws governing financial institutions and transactions are being followed. They also asses the level of risk versus reward in loans, as well as the management of banks(Bureau of Labor Statistics). I chose this career because it is in the field of finance, which is just about the only major I know I want to pursue. Financial examiners typically work in either risk scoping or consumer compliance.…

    • 704 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Three careers that would be well suited for me are a cost estimator, an operations research analyst, and a conservation officer. Two of these careers involve quantitative thinking and mathematical skills, while the third career involves enforcing laws and regulations and working outdoors. Due to my interest in working outdoors I have chosen conservation officer as the best career opportunity for me. The first job I researched is a cost estimator. I researched this job because it involves mathematical skills on a daily basis.…

    • 1035 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    As the weather is warming up, boat owners are getting ready to head out on the water. Before taking your boat out this year, you should consider purchasing a boat insurance policy. Boat insurance covers damage to your boat whether it is in or out of the water, liability coverage in case you injure someone while boating, and medical payments in case someone on your boat is injured. The insurance experts at Parsons Insurance, located in Amelia, OH, explain why insurance should be a necessity for your boat.…

    • 297 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    I believe that a career in the private security field is an excellent choice. I may be slightly biased since I have worked as a loss prevention professional for the last 15 years. I started in loss prevention after working in retail for about 5 years. There were several positions changing in the store I was working in and I was asked if I would be interested in working as a loss prevention associate. I took the position and immediately felt as though it was the right position for me.…

    • 559 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    OBJECTIVE To secure a position where I can continue to resolve various challenges in a prompt & professional manner while ensuring 100% safety on the job at all times. HIGHLIGHTS OF SKILLS  Deadline-driven individual with 9+ years of solid work experience & skills in completing tasks within a busy & challenging work environment in order to increase business growth & quality of service  Highly skilled & knowledgeable in servicing, maintaining & diagnosing on/off road equipment which results in all jobs to be completed ahead of schedule and with zero interruptions  Effective team-player & problem-solver which is reflected through current role as a Millwright for the large construction services provider (for Oil Sand companies),…

    • 946 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    Oral Assessment Center

    • 541 Words
    • 3 Pages

    The overall intent of the oral assessment center is to score the candidate based on a set of measureable dimensions. These dimensions can range from problem solving and decision making to technical knowledge and experience. However, these wide ranging dimensions call into question the validity of an assessment center to measure dimensions. Moreover, some literature calls into question the ability of the assessment center to measure dimensions at all (John P. Meriac, 2014).…

    • 541 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    This semester I started my first business class and on my way to learning more about the business world, to help achieve my goal of entrepreneurship someday. Last semester I wrote a paper on why I believe Entrepreneurship is ideally the best job. I decided to take a different route on this paper and talk about a job I currently deal with daily and learn more about it every day. I consider this career my back up plan or my plan until I achieve my goals. Hazmat Analyst is a career I found very difficult, challenging, but interesting.…

    • 1472 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    In this paper I will discuss the pivotal role Risk Management plays in modern organisations. The organisation that I will discuss is Volkswagen. I will use their emission scandal to convey the importance of Risk management. Risk management can have numerous definitions, it can be perceived and interpreted by firms and industries in different ways. When dealing with the term management it is clear the concept of control is important.…

    • 1358 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Leadership in the Workplace 1. Introduction/Background In this assignment, I will be describing the transformational and transactional leadership behaviours, which supports the success to the safety program in my current workplace. I now work for a company by the name of “All Weather Windows Commercial Ltd”. I’ve been hired on as the Health and Safety Advisor and been employed under this role for over 3 years now.…

    • 831 Words
    • 4 Pages
    Improved Essays