Director: Asset Management

Requirements

• An appropriate Bachelor's Degree / Advanced Diploma NQF Level 7 in Accounting, Financial Management, Cost and Management Accounting, Public Finance, Supply Chain Management, Asset Management, Business Management or a related field, as recognized by SAQA. A minimum of five 5 years' relevant experience at Middle/Senior Management level in Asset Management, Financial Management, Supply Chain Management or a related environment.
• Appointment is subject to the signing of a performance agreement and financial disclosure. Successful completion of the Nyukela Public Service Senior Management Leadership Programme as endorsed by the National School of Government available as an online course on https://www. thensg.gov.za/training-course/sms-pre-entry-programme/, prior to finalization of an appointment

Knowledge, Skills and Competencies

• Sound and in-depth knowledge of the Public Finance Management Act PFMA, Treasury Regulations, National Treasury Framework for the Management of Assets, Generally Recognized Accounting Practice GRAP, Modified Cash Standard MCS, Public Service regulatory framework, Supply Chain Management prescripts and applicable asset management policies and procedures. Good understanding of audit processes and requirements of the Auditor-General of South Africa AGSA, including the management and resolution of audit findings relating to assets. Proven management, strategic leadership, analytical, financial management, risk management, problem-solving, communication and stakeholder-management skills. A valid driver's license.

DUTIES

Responsibilities

• Develop, implement and monitor the Department's Asset Management Strategy, policies, procedures and internal controls in line with the PFMA, Treasury Regulations and applicable National and Provincial Treasury prescripts.
• Manage the full asset lifecycle, including asset planning, acquisition, receipt, recording, identification/barcoding, allocation, movement, maintenance, verification, impairment, transfer and disposal. Ensure that the Department maintains complete, accurate and reliable movable and immovable asset registers and that assets are appropriately classified, valued and disclosed.
• Ensure regular reconciliation of the Asset Register with BAS, LOGIS and other applicable financial and asset management systems, and ensure timely resolution of reconciling items.
• Ensure accurate preparation and submission of asset-related financial information and disclosures for Interim and Annual Financial Statements IFS/AFS. Develop and maintain effective controls to prevent and detect asset losses, theft, misuse, unauthorized movements and irregular disposals, and ensure that losses and damages are investigated and dealt with in accordance with applicable prescripts.
• Manage the disposal of redundant, obsolete, unserviceable and surplus assets in accordance with prescribed disposal processes and ensure appropriate updating of asset records. Identify asset-related risks and implement appropriate risk mitigation and internal control measures.