The average salary for a Director of Loss Prevention in Chicago, Illinois is $117,200.
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Job Description for Director of Loss Prevention
Directors of loss prevention work primarily in retail organizations in which merchandise is in high demand, and their work is essential to these organizations to prevent loss of inventory. They are responsible for investigating situations in which products may be missing or stolen, as well as overseeing other loss prevention officers and performing audits throughout departments to ensure nothing has been stolen. They also record daily, weekly, and monthly reports for company executives which pro…Read more
Director of Loss Prevention Tasks
- Supervise and direct a team of loss prevention personnel, and evaluate the performance of individuals and the department.
- Develop and implement strategies and technology for reducing shrink in all of a company's stores.
- Coordinate investigations of stolen merchandise, property, or cash, with local managers and the police.
- Institute programs which reduce losses, such as discouraging internal dishonesty and teaching employees how to identify shoplifters.
- Oversee store audits of merchandise and cash, and ensure audits comply with company policies and procedures.
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Pay Difference by Location
Learn more about cost of living by city.
Employees with Director of Loss Prevention in their job title in Seattle, Washington earn an average of 15.6% more than the national average. The lowest salaries can be found in Austin, Texas (57.3% less), Anaheim, California (44.5% less) and Jacksonville, Florida (36.0% less).
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