Job Description

To independently conduct verification and tagging of various asset across various disciplines to ensure support with regards to registration of collateral in favour of the IDC and to subsequently assess and provide expect advise on the estimated new replacement cost, open market, forced sale and other values of physical assets (plant, equipment and machinery) in order to ensure that physical assets, including those considered for and / or taken for collateral, are properly valued.Qualification and ExperienceQualification

• Bachelors degree in engineering
• Registered Professional Engineer with the Engineering Council of South Africa (ECSA), Member of Royal Institution of Chartered Surveyors (RICS), American Society Appraiser (ASA) will be an advantage

• 5-8 years in Asset Management w.r.t track & trace, monitoring, record keeping, assessment which 3 to 5 years should in plant, machinery and equipment appraisal.
• Work experience in mechanical / industrial engineering and/or financial services industry will be an advantage

• Responsible for Physical Asset Verification including physical track and trace.
• Experience and knowledge of different plant and equipment across the various disciplines i.e., Mining, healthcare, manufacturing, etc.
• Planning & scheduling the Physical Asset Verification activity.
• Planning & deploying the required manpower for physical asset verification
• Publishing the daily Physical Asset Verification Status: Planned Vs Actual
• Live discrepancy Report: Fixed Asset Register Vs Physical Verification data
• Responsible for Reconciliation of Asset verification data with Verified/Not Found assets.
• Responsible for Periodic reporting on asset Verification results to Management
• Close Co-ordination with internal & external Stake Holders
• Responsible for any Internal / External audits on Asset Verification process/activity.
• System development and Process Improvement for the above areas
• Automation, digitization of Asset Management, Asset Verification & Movement process
• Responsible for the analysis of complex problem cases, as well as develop actions or recommendations to assure sustainable elimination and avoidance.
• Appreciation of technology and ability to visualize and execute end to end application of technology, keeping user experience at forefront.
• The appropriateness and reasonability of the Clients anticipated capital expenditure on plant, equipment and machinery in order to validate against the applicable industry norms.
• The functional, economic, physical obsolescence, etc of plant, equipment and machinery including the impact and implications thereof on the IDCs physical collateral register.
• The forecast of total and remaining economic life and value of plant, equipment and machinery including the impact and implications thereof on the IDCs physical collateral.
• The variance between the Clients and own independently determined estimated capital expenditure costings, envisaged process improvements, etc, including making recommendations for adherence to industry norms and best practices.
• The appropriateness of the envisaged plant and equipment installation strategy, methodology, programme and deliverables against set programme milestones.
• The risks inherent in the clients plant and equipment projects including making recommendations for risk mitigation.
• The validity and accuracy of reviewed valuation reports of the physical assets prepared by others.
• The required continuous improvement on the departments process, procedures, templates, etc.
• Maintain relevant records and relations in support of expertise, expert knowledge.
• Report writing and presentations at internal and external committees.
• Manage effective interaction with SBUs and Departments
• Maintain and enhance current knowledge and awareness of valuation and other effective practices.

Industrial Development Corporation