Asset Manager
Role
The Asset Manager
oversees the financial lifecycle of the organisation’s long-term tangible
assets. This role ensures accurate accounting, compliance, and strategic
capital allocation for land, buildings, machinery, and equipment. Accountable
for managing the Groupwide asset management function, ensuring that assets are
governed throughout their lifecycle to maximise value, minimise risk, support
operational performance and maintain regulatory compliance.
Core Responsibilities
1. Capital Budgeting & Investment
Analysis
- Responsible for
budget and Capital Expenditure (CapEx) requests
- Provide
data-driven recommendations to leadership on whether to buy, lease, or
build major assets.
- Conduct
post-implementation reviews to verify if completed projects delivered the
promised financial returns.
- Ensure all
capital investments align with long-term corporate growth and
sustainability strategies.
2. Fixed Asset Lifecycle Accounting
- Record the
acquisition, capitalization, transfer, and disposal of all fixed assets in
the ERP system.
- Establish and
apply accurate depreciation schedules across asset classes based on useful
life and salvage values.
- Perform regular
assessments for asset impairment and execute financial write-downs when
asset values permanently drop.
- Oversee the
Capital Work-in-Progress (CWIP) account, ensuring projects are capitalised
promptly upon completion.
3. Risk Management & Physical Governance
- Formulate and
update corporate asset management policies, including capitalisation
thresholds and disposal protocols
- Design and
execute the annual tracking and physical verification schedule for all
fixed assets across locations.
- Collaborate with
risk management to ensure adequate insurance coverage for high-value
properties and machinery.
- Tag and log
physical assets into the tracking software to prevent theft, loss, or
unauthorised transfers.
4. Compliance, Audit & Reporting
- Ensure strict
adherence to accounting standards regarding fixed asset capitalisation
rules.
- Lead all internal
and external audit procedures related to the fixed asset register,
depreciation, and disposals.
- Ensure Asset
compliance reporting
5. Decision Making
The incumbent is expected to independently make decisions, including but
not limited to:
Asset lifecycle strategies, Asset Verification programs, Asset
replacement priorities, Disposal recommendations, Asset utilisation
optimisation, Asset Governance control, Policies and Standard Operating
Procedures
Escalations are generally limited to major capital investments, policy
approval, and significant financial implications.
Requirements
Job Requirements & Qualifications
Education & Experience
- Bachelor’s Degree
in Finance, Accounting, Economics, or a related discipline.
- Professional
Certification (e.g., CIMA or CFA) is highly advantageous.
- 5+ years of
direct experience in fixed asset accounting, corporate finance, or capital
budgeting.
Technical & Soft Skills
- Deep knowledge of
capitalization rules, depreciation methods, and asset impairment testing
under IFRS
- Expert-level
proficiency in asset management systems
- Strong financial
modeling skills in Microsoft Excel for calculating NPV, IRR, and
forecasting asset lifecycles.
- Excellent
communication skills for explaining complex financial risks to technical,
engineering, and operational teams.