Asset Management Consultant

Roles and Responsibilities

An Asset Management Officer is responsible for managing an organization’s assets, ensuring they are properly tracked, maintained, and utilized effectively to maximize value. This role is vital in ensuring that the company's physical and intangible assets (e.g., equipment, real estate, financial investments, intellectual property, etc.) are well-organized and contributing to the overall business goals. The role can be found in a wide range of sectors, including finance, manufacturing, real estate, and healthcare.

Key Skills of an Asset Management Officer:

1. Financial Management and Analysis
   • Asset Valuation: Ability to assess the value of assets and their depreciation over time, understanding how to calculate the useful life of various assets.
   • Financial Reporting: Proficiency in creating financial reports related to asset performance, investments, and valuations, using software like Excel or asset management systems.
   • Budgeting: Managing budgets related to asset acquisition, maintenance, and disposal, ensuring costs remain within planned limits.
   • Investment Knowledge: In investment-focused asset management (e.g., financial securities), understanding market conditions, asset classes, and portfolio management.
2. Technical Proficiency
   • Asset Management Software: Proficiency in using asset management platforms or Enterprise Resource Planning (ERP) systems such as SAP, Oracle, or specialized software like IBM Maximo, Infor EAM, or Archibus.
   • Data Analysis: Ability to analyze data trends regarding asset performance, lifecycle, and maintenance schedules, using advanced Excel functions or business intelligence tools.
   • Maintenance Management: Knowledge of best practices in asset maintenance, including predictive maintenance and lifecycle management.
3. Attention to Detail
   • Record Keeping: Maintaining accurate records of asset inventories, locations, acquisition dates, conditions, and usage.
   • Compliance Tracking: Ensuring assets meet regulatory requirements, especially in industries like healthcare, finance, and manufacturing, which have strict compliance standards.
   • Inventory Control: Monitoring and reconciling physical and digital asset inventories to avoid discrepancies and prevent loss.
4. Organizational and Project Management Skills
   • Asset Lifecycle Management: Overseeing the full lifecycle of assets, from procurement and usage to depreciation, maintenance, and eventual disposal or sale.
   • Project Coordination: Coordinating projects that involve asset acquisition, upgrades, or disposals, managing timelines, and collaborating with other departments (e.g., IT, procurement, or finance).
   • Scheduling and Planning: Ensuring that maintenance or repairs are scheduled on time to prevent downtime and extend asset life.
5. Risk Management and Compliance
   • Risk Assessment: Identifying and assessing risks associated with asset management, including physical asset loss, technological obsolescence, or compliance issues.
   • Compliance Knowledge: Understanding legal, financial, and regulatory compliance standards relevant to asset management in the company’s industry (e.g., tax laws, environmental regulations, and financial reporting standards like IFRS or GAAP).
   • Insurance and Liability: Managing insurance for assets, ensuring adequate coverage for loss, damage, or theft.

Desired Candidate Profile

About the job

• Joining immediately
• Bachelor's or Master's Degree in Business Administration
• Fluent in English
• Minimum 2 years of experience in the same field or position, preferably in transportation, facility management, and administration work
• Managing and updating all company assets, assisting procurement processes
• Excellent in Microsoft Office Suite and multitasking skills
• Excellent communication skills
• Work location: Musafah-Abu Dhabi

1. Asset Acquisition and Tracking
   • Acquiring Assets: Overseeing the procurement process of new assets, ensuring they meet organizational needs and comply with financial guidelines.
   • Asset Registration: Maintaining accurate and up-to-date records of all assets, including location, status, ownership, and any relevant documents (e.g., warranties, service contracts).
   • Asset Tracking: Using asset management systems to track the usage, movement, and condition of physical and intangible assets.
2. Asset Maintenance and Optimization
   • Maintenance Scheduling: Coordinating regular maintenance or repairs of physical assets (e.g., machinery, vehicles, real estate) to extend their useful life and minimize downtime.
   • Monitoring Performance: Analyzing asset performance to identify underperforming or high-cost assets that may require optimization, repair, or replacement.
   • Lifecycle Management: Ensuring assets are used efficiently throughout their lifecycle, from acquisition to disposal, considering factors like depreciation, warranties, and servicing.