Tips to Become Asset Protection Specialists 

Filed in Business Idea, Entrepreneurial Business by on January 25, 2022 0 Comments

Asset Protection Specialists

Asset Protection Specialists: An assets protection specialist prevents a company’s financial loss due to theft and fraud.

They use a variety of tools to minimize a company’s loss and prevent future occurrences.

Not only do they work with store management, but they also interact with potential shoplifters, law enforcement, and retail store employees.

Assets protection specialists also support programs that deter retail store theft and profit loss.

What does an assets protection specialist do?

Assets protection specialists monitor suspicious behavior in person and through television cameras. While they spend most of their time in a room watching camera footage.

They also have plenty of other duties.

Here are some of the duties of an assets protection specialist:

  • Identify incidents of theft and fraud.

  • Audit store departments.

  • Ensure store personnel does their best to control theft.

  • Use loss prevention technology.

  • Review security footage and exception reports.

  • Monitor a store’s physical security.

  • Prepare accurate and detailed case reports detailing apprehensions and recoveries.

  • Preserve evidence.

  • Confront potential shoplifters and make the store’s security presence known.

  • Apprehend and detain potential shoplifters.

  • Improve a retail store’s security methods.

  • Stay up-to-date with security trends.

  • Train store associates on loss prevention strategies.

  • Communicate with law enforcement and store management.

  • Work alongside detectives and criminal investigators to solve major theft incidents or other retail crimes.

  • Testify in criminal and civil court actions.

  • Report unsafe conditions to the store’s manager.

  • Respond to asset protection and operational concerns from company associates.

  • Inspect store inventory.

Asset Protection Specialists

How to become an assets protection specialist

In order to secure employment as an assets protection specialist.

You need to meet certain requirements and qualifications.

Understanding and obtaining these qualifications give you a greater chance of impressing hiring managers and getting the job.

Use these steps to become an assets protection specialist:

1. Earn a high school diploma or GED

Complete high school and earn your diploma or your GED.

Depending on the employer, you may qualify for an assets protection specialist position with as little as a high school diploma or a GED.

2. Consider pursuing a formal degree

Consider earning an associate or bachelor’s degree in a related field such as criminal justice or business.

You can also pursue an associate degree in loss prevention for security or a bachelor’s degree in insurance and risk management.

Having a degree can help you stand out from other job applicants and impress hiring managers, therefore, increasing the likelihood of you getting employed.

Keep in mind that a formal degree such as an associate’s or bachelor’s degree may aid in your career advancement to a supervisory role.

Asset Protection Specialists

3. Consider earning a certificate or diploma

Determine whether you want to pursue a relevant certificate or diploma.

While they’re not required, a certificate or diploma may increase your job prospects and help you gain useful knowledge for your career as an assets protection specialist.

4. Gain relevant experience

Though you may get hired without prior experience, consider becoming a sales associate, cashier or security guard or officer to help you best prepare for a career as an assets protection specialist. Having relevant experience may also impress hiring managers and help you stand out in the applicant pool.

Where do assets protection specialists work?

Assets protection specialists often work in large and small retail stores. You can also find them in malls, outlet centers and large warehouses.

Asset Protection Specialists

What skills do assets protection specialists need?

Assets protection specialists need a variety of skills to complete their tasks. Some of these skills include the following:

  • Communication skills: Assets protection specialists use their communication skills to keep their store managers, law enforcement officials and supervisors informed of theft-related activities in a retail store.

  • They also use this skill to effectively interact when confronting potential shoplifters and to alert employees of potential problems.

  • Observation skills: Observation skills help assets protection specialists carefully watch shoppers to identify suspicious behavior.

  • Having strong observation skills allows them to take appropriate action when watching potential shoplifting situations.

  • Physical fitness: Assets protection specialists benefit from physical fitness. When suspected shoplifters become violent or resist apprehension, an assets protection specialist’s good physical shape helps them successfully apprehend or fend them off.

    Asset Protection Specialists

  • Calm demeanor: An assets protection specialist needs to react calmly when confronting potential shoplifters. It particularly helps to have a calm demeanor when suspects become angry or emotional when confronted. A calm demeanor can help diffuse these types of situations.

  • Technology: Assets protection specialists need to know how to use a variety of tools and gadgets including security cameras and radio frequency identification chips, the latter of which you find in highly valued assets and products.

Asset Protection Specialists

What are some related careers to that of an assets protection specialist?

Similar careers include the following:

  • Protection specialists

  • Loss prevention specialists

  • Asset protection associate

  • Loss prevention associate

  • Retail asset protection specialist

  • Retail loss prevention specialist

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