Loot master would be good. But only during small skirmishes where the combat may force fighting people far away from the grave. And the guys with the less skills (and not equipment) should be these looters, and be assigned to gank/revive too.
During siegse, there should be a no loot policy, save from very rare and specific occasions (like some leader with a boat or warhulk on him getting ganked).
If you really need loot, just ask the wealthy people for some armor, weapons, food, pots or mount.

[Linked Image from w3.the-kgb.com][Linked Image from w3.the-kgb.com]