Job Title: Asset Management Officer

Job Summary:

The Asset Management Officer is responsible for overseeing the acquisition, utilization, maintenance, and disposal of organizational assets. This role involves managing the entire lifecycle of assets, from procurement to retirement, to ensure optimal utilization, cost-effectiveness, and compliance with relevant regulations and policies. The Asset Management Officer plays a crucial role in maximizing the value and efficiency of assets while minimizing risks and losses.

Responsibilities:

Asset Procurement and Acquisition:

• Coordinate with procurement and finance teams to identify asset requirements and initiate procurement processes.
• Evaluate suppliers/vendors, negotiate pricing and terms, and facilitate the purchase of assets in accordance with organizational needs and budgetary constraints.
• Ensure compliance with procurement policies, procedures, and regulatory requirements during asset acquisition.

Asset Inventory Management:

• Maintain accurate records of all organizational assets, including details such as location, condition, depreciation, and ownership.
• Conduct regular physical audits and inspections to verify the existence and condition of assets, reconciling physical counts with system records.
• Implement asset tagging and tracking systems to enhance visibility and control over asset inventory.

Asset Utilization and Maintenance:

• Monitor the utilization and performance of assets to identify opportunities for optimization and efficiency improvements.
• Develop and implement preventive maintenance schedules and procedures to prolong asset lifespan and minimize downtime.
• Coordinate with maintenance teams and external service providers to ensure timely repairs and servicing of assets.

Asset Disposal and Retirement:

• Develop and execute asset disposal strategies in compliance with organizational policies, regulatory requirements, and environmental standards.
• Evaluate and prioritize assets for disposal based on factors such as age, condition, and obsolescence.
• Coordinate the sale, donation, or recycling of retired assets, ensuring proper documentation and asset retirement accounting.

Risk Management and Compliance:

• Identify and mitigate risks associated with asset management, such as theft, loss, damage, or non-compliance.
• Ensure adherence to relevant regulations, standards, and industry best practices governing asset management activities.
• Implement internal controls and procedures to safeguard assets and mitigate potential liabilities.

Qualifications:

• Bachelor's degree in Business Administration, Finance, Accounting, or related field.
• Minimum 4  years of experience in asset management, inventory control, or related roles.
• Knowledge of asset management principles, practices, and methodologies.
• Familiarity with asset management software and systems for inventory tracking and maintenance scheduling.
• Strong analytical skills and attention to detail, with the ability to interpret financial and operational data.
• Excellent communication and interpersonal skills, with the ability to collaborate cross-functionally and interact with stakeholders at all levels.
• Certification in asset management (e.g., Certified Asset Management Professional) is a plus.

Experience required: 4-8 Yrs

Location: Dubai

Annual Salary (CTC): AED 120 - 200K per annum