At a Glance
- Tasks: Lead loss prevention strategies to protect assets and reduce inventory shrinkage.
- Company: Join Lagardère Travel Retail, transforming travel experiences in airports and stations.
- Benefits: Earn a competitive salary, bonuses, 25 days holiday, and health cash plan.
- Other info: Dynamic work environment with opportunities for growth and travel.
- Why this job: Make a real impact on operational efficiency and profitability while developing your career.
- Qualifications: 3+ years in retail loss prevention; strong communication and analytical skills required.
The predicted salary is between 50000 - 50000 £ per year.
The Loss Prevention Manager is responsible for directing and coordinating all loss prevention to achieve maximum effectiveness in inventory shortage control and the protection of company assets. The position is responsible for determining the effectiveness of Loss Prevention Standard Operating Procedures through compliance auditing, exception reporting and internal investigations. In addition, the Loss Prevention Manager will work closely with the general managers to increase operational efficiency and profitability.
Key Responsibilities
- Implement and support programmes to reduce inventory shrinkage, cash loss, and other controllable losses across the business.
- Regularly review available information and reporting tools to identify potential losses through procedural audits, exception reporting, incident reports, the Business Ethics Line, and day-to-day interaction with operational teams.
- Investigate and report on identified losses, ensuring issues are escalated and resolved in a timely and effective manner.
- Prepare management reports summarising loss trends, findings, investigations, and recommendations for corrective action.
- Act as the subject matter expert on store systems relating to asset movement and loss prevention, including POS systems, inventory management, cash handling procedures, and operational controls.
- Act as the subject matter expert on physical security systems and processes, including CCTV, alarm systems, access control, and related security programmes.
- Ensure all loss prevention and security equipment is maintained, functioning correctly, and aligned with company standards.
- Conduct store audits and compliance checks to ensure adherence to company policies and procedures.
- Deliver loss prevention training and awareness sessions to management and retail teams to promote best practice and reduce risk.
Management and Operational Support
- Develop and maintain effective working relationships with General Managers, Store Managers, and Operational Leadership teams to support business objectives and minimise loss.
- Provide guidance and support to management teams on loss prevention matters, investigations, and company procedures.
- Work closely with the Human Resources team on the education and training of retail staff on company policies, standard operating procedures, and loss prevention best practices.
- Monitor compliance with company policies and procedures and recommend improvements where weaknesses are identified.
Person Specification
- Progressive experience in retail loss prevention position(s) / General Manager.
- Minimum of 3 years retail loss prevention experience in a multi-store / multi-site environment desirable across retail and food & beverage.
- Flexibility to work within a 24/7, 365-day operational environment, adapting to changing business needs and priorities.
- Strong verbal and written communication skills, with the ability to communicate effectively in English at all levels.
- Proficient in Microsoft Office applications, including Word, Excel, Outlook, and PowerPoint.
- Ability to understand and utilise operational systems and reporting tools to identify trends, investigate inventory discrepancies, determine root causes, and support corrective actions.
- Experience conducting investigations into suspicious losses, policy breaches, and internal theft matters, including fact-finding and interviews where appropriate.
- Strong analytical and problem-solving skills, with the ability to interpret operational and financial data, identify risks and trends, and make informed recommendations.
- Strong organisational and prioritisation skills, with the ability to manage multiple tasks in a demanding and fast-paced environment.
- Good understanding of loss prevention principles, relevant legislation, and investigative procedures.
- Demonstrates professionalism, integrity, confidence, and sound judgement in all aspects of the role.
- Builds effective working relationships and promotes a culture of trust, respect, accountability, and teamwork.
Physical requirements
- Standing or sitting for long periods of time.
Travel requirements
- Willingness and ability to travel by air/rail/ferry or car, with overnight stays whenever the business dictates.
Loss Prevention Manager in Luton employer: Lagardère Travel Retail (IRE)
At Lagardère Travel Retail, we pride ourselves on being an exceptional employer that values our employees' growth and well-being. With a supportive work culture that encourages collaboration and innovation, we offer competitive benefits including a generous bonus structure, comprehensive health plans, and a strong pension contribution. Located in Luton, our dynamic environment not only fosters professional development but also allows you to be part of transforming travel experiences for customers worldwide.
Contact Details:
Lagardère Travel Retail (IRE) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Loss Prevention Manager in Luton
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, or even reach out to current Loss Prevention Managers on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your skills! When you get the chance to chat with potential employers, highlight your experience in reducing inventory shrinkage and improving operational efficiency. Use real examples to demonstrate how you've made a difference in previous roles.
✨Tip Number 3
Prepare for interviews by brushing up on loss prevention principles and relevant legislation. Be ready to discuss how you would handle specific scenarios, like investigating suspicious losses or conducting compliance checks. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. Let’s make it happen together!
We think you need these skills to ace Loss Prevention Manager in Luton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Loss Prevention Manager role. Highlight your relevant experience in retail loss prevention and any specific achievements that demonstrate your ability to reduce inventory shrinkage and improve operational efficiency.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Use it to showcase your understanding of loss prevention principles and how your skills align with our company’s goals. Don’t forget to mention your experience with compliance auditing and investigations!
Showcase Your Communication Skills:Since strong verbal and written communication skills are key for this position, make sure your application reflects this. Use clear and concise language, and don’t shy away from demonstrating your ability to communicate effectively at all levels.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Lagardère Travel Retail (IRE)
✨Know Your Loss Prevention Basics
Make sure you brush up on the key principles of loss prevention. Understand the common causes of inventory shrinkage and be ready to discuss how you've tackled these issues in the past. This will show that you’re not just familiar with the role, but that you can bring valuable insights to the table.
✨Prepare for Scenario Questions
Expect to face scenario-based questions during your interview. Think about past experiences where you had to investigate losses or implement new procedures. Be ready to explain your thought process and the outcomes of your actions, as this will demonstrate your problem-solving skills and analytical abilities.
✨Showcase Your Communication Skills
As a Loss Prevention Manager, you'll need to communicate effectively with various teams. Prepare examples of how you've successfully collaborated with general managers or operational teams in the past. Highlight your ability to deliver training sessions and promote best practices, as this is crucial for the role.
✨Familiarise Yourself with Technology
Get comfortable with the technology and systems mentioned in the job description, like POS systems and CCTV. If you have experience with specific tools or software, be sure to mention it. Showing that you can quickly adapt to new technologies will give you an edge over other candidates.
