Manager : Asset Management

Vaal Central Water; Bloemfontein; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A water management company is seeking a Manager: Asset Management in Bloemfontein. The successful candidate will develop asset strategies and oversee water infrastructure assets, ensuring compliance with GRAP requirements. Applicants should have a relevant degree and extensive experience in financial asset management, alongside strong communication skills. Join us in optimizing our asset lifecycle and enhancing operations.

Qualifications

• 5+ years of senior experience in Financial Asset Management.
• Valid Driver’s License.
• Experience overseeing water infrastructure assets.

Responsibilities

• Develop Asset Management and Inventory Management strategies.
• Monitor infrastructure projects and asset upgrades.
• Align depreciation models with GRAP standards.
• Oversee inventory management and GRAP recognition.

Skills

Financial communication proficiency

Knowledge of PFMA and GRAP

Experience in asset management

Understanding of water asset management systems

Education

Bachelor's degree in finance, accounting, or asset management

Job description

Job title: Manager: Asset Management

Job Location: Free State, Bloemfontein

Deadline: August 29, 2025

KEY RESPONSIBILITIES:

1. Develop and maintain Asset Management and Inventory Management strategies, policies, and Standard Operating Procedures (SOPs) across all operational regions.
2. Participate in planning and monitoring of infrastructure projects and asset upgrades, ensuring alignment with organizational goals.
3. Improve business processes for asset lifecycle management, develop maintenance, refurbishment, and replacement plans in line with GRAP and the Fixed Asset Register (FAR).
4. Prioritize asset programs based on funding and risk, manage asset budgets, and develop disposal strategies consistent with FAR and GRAP.
5. Align depreciation models and financial treatment of assets with GRAP standards to ensure FAR accuracy.
6. Unbundle assets following best practices and ensure the Servitude register's accuracy.
7. Identify inefficiencies, consolidate investment programs with financial costing, and perform month-end and year-end FAR reconciliations.
8. Maintain and update the asset management financial system for real-time data accuracy.
9. Develop models for physical asset verification, condition assessment, and impairment reviews.
10. Ensure proper asset initial take-on, barcoding, classification, and reconciliation of WIP and fixed asset registers monthly.
11. Oversee inventory management, GRAP-compliant recognition, and valuation.
12. Evaluate funding strategies, prepare business cases, and support infrastructure funding applications, including grants and PPPs.
13. Ensure adequate insurance coverage for assets.
14. Compile and submit reports per GRAP and internal standards.
15. Build stakeholder relationships, present reports, and serve as the primary contact for auditors.
16. Provide training on asset policies, GRAP standards, and SOPs, and develop training materials.
17. Coordinate engagements with DWS, National Treasury, and municipalities.
18. Lead or support automated asset tracking system implementation and improvements.
19. Coordinate asset handovers for completed projects and conduct benchmarking against peers.
20. Identify and manage asset-related risks and ensure compliance with health and safety regulations.
21. Perform other relevant duties as assigned.

MINIMUM REQUIREMENTS:

1. Bachelor's degree in finance, accounting, or asset management.
2. At least 5 years of senior experience in Financial Asset Management.
3. Proficiency in written and verbal communication.
4. Experience overseeing water infrastructure assets and understanding of water asset management systems.
5. Extensive knowledge of PFMA and GRAP requirements for Asset Management.
6. Knowledge of water services legislation and operational applicability.
7. Valid Driver’s License.