Asset Manager

Position Summary:

Develops and reviews policies, procedures, and strategic plans, maintains, controls, and monitors assets in accordance with relevant laws and regulations. As a custodian of Asset Register implement, negotiate, and monitoring of asset programs and ensure that the asset register is populated with assets according to the policy.

Minimum Requirements:

• BCom Accounting/Honours Degree in Finance
• Property Law is an added advantage
• 5 years’ asset management experience
• Immovable property-related experience
• Operational Finance experience
• Must possess the following competencies:
  • Strong financial background with knowledge of real estate.
  • Excellent project management skills, structured finance, and investment experience.
  • Experience of working in multi-cultural teams, highly computer literate and proficient in Microsoft suite

Responsibilities:

Asset Management System/Plans/Policy Development and Communication

• Develop and oversee the implementation of the asset management system, including the establishment of the Asset Management Unit, departmental policies, and procedures
• Review and update current policies, implement training and development programs, and provide effective technical support to overall asset management
• Develop a master asset management plan specifically attuned to the organisation’s environment.
• Develop asset needs assessment, acquisition management, and operational and disposal plans

Asset Register

• Develop and maintain asset registers, including acquisitions, maintenance management, transfers, and valuations
• Ensures maintenance of Asset Register and that assets are uniquely identified with naming conventions
• Plans, publicises, and oversees the implementation of an updated Asset Register
• Oversees assets that are owned, leased, and subleased by an organisation and negotiate lease, and property renewal contracts
• Responsible for determining the feasibility of asset acquisition and present supporting documentation to the senior executives/Board
• Develop, update, and maintain the lease register

Process and Policy Improvement

• Provide continuous feedback and input to management regarding improvements to current policies and procedure

Asset Reconciliation and Shareholder Value

• Prepare monthly reconciliation with supporting schedules of the asset register to relevant accounting records and resolve uncleared items
• Prepare financial reports & reconciliations to general ledger data
• Assist in all functional aspects of administrative, finance, capital and operation of the assigned portfolio
• Analyse property value timeline to forecast for future estimated value. Identification of potential loan delinquencies and revenue losses
• Analyse, evaluate portfolio progress, and enact necessary changes
• Work towards maximising returns and minimise losses on assets and investments

Asset Verification and Valuation of Immovable Property

• Plan and execute asset verification, investigate, report on variances, make necessary recommendations to resolve discrepancies, and update the asset register
• Manage valuations for immovable assets and update the asset register
• Collaborate with company analysts to accurately evaluate client assets
• Assess client’s current asset status, future needs, and investment goals

Asset Risk Management

• Make sure the organisation is sustainable, manage the risk, preserve liquidity and maintain the confidence of stakeholders
• Report on asset management information as required to internal and external stakeholders
• Ensures that staff comply with the identification standards for object types, environments, processes, lifestyles, documentation, versions, formats, baselines, releases and templates
• Work collaboratively with and report to the asset management team and senior executive managers
• Administer risk analysis survey to determine their risk profile
• Manage cash flows and physical assets, such as property and real estate
• Strategically advise clients on what action to take with their assets

Asset Performance Management Report

• Prepare a business plan for the life cycle of assets, including, life cycle cost, and recommendations on the most appropriate asset solution
• Establish and execute a performance measurement system to evaluate the effective utilisation of assets
• Utilise BAS to capture accounting transactions, control the general ledger, perform financial administration, and prepare financial reports
• Execute corrective measures when early warning signs exist on performance issues.
• Prepare and review timely asset management reports