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Assistant Director : Physical Asset Management

Eastern Cape Provincial TreasuryZA

24 days ago

Job description

Job title : Assistant Director : Physical Asset Management

Job Location : Eastern Cape,

Deadline : October 04, 2025

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Requirements

A Degree (NQF level 7 as recognised by SAQA) in BCom in Accounting / Commerce majoring in Accounting.

Minimum of 3 years’ work experience Financial / Asset & Inventory Management environment at an Officer (Level 7 or higher).

Duties

RENDER AND IMPLEMENT MOVABLE AND IMMOVABLE ASSET MANAGEMENT POLICY, NORMS AND STANDARDS; Coordinate the assessments on the extent to which asset management related controls are implemented within departments. Facilitate and implement strategies to address gaps identified by assessment results. Coordinate and evaluate the implementation of these corrective strategies and provide senior management with periodic reports. Facilitate and coordinate in the development and implementation of appropriate asset management policy. Assist in the management, treatment and disclosure of inventories related expenditure in compliance with the relevant guidelines. Facilitate and coordinate the preparation of financial disclosure annexures and notes relating to expenditure on movable and immovable assets. Issue annual circular communicating the submission dates for the U-AMPs and C-AMPs in terms of Section 9 of GIAMA. Facilitate and provide support in the review and implementation of annual provincial GIAMA implementation plan by DRPW. Assist in the revision and submission of draft U-AMPs and C-AMP to National Treasury in conjunction with DRPW.

PROVIDE SUPPORT IN PROVINCIAL DEPARTMENTS WITH ASSET MANAGEMENT CAPACITY BUILDING : Assist in preparation of annual assessments of provincial asset management structures for adequacy and relevance to perform asset management function. Support the identification of training needs and planning for relevant training. Prepare all the necessary documentation for workshops and forums aimed at roll-out of asset management related reforms from National Treasury as well as enhancing provincial best practices sharing amongst practitioners.

FACILITATE THE DEVELOPMENT AND MAINTENANCE OF POLICIES, STRATEGIES AND SYSTEMS FOR ASSET AND INVENTORY MANAGEMENT; Coordinate the development of asset and inventory Management policies / procedure manuals and systems. Coordinate the development of Provincial Treasury Practice notes and compliance checklist tools with regards to assets and inventory management. Facilitate the development of procedure guidelines to promote compliance with the reporting standards of Manage that departments and public entities have asset and inventory management policies and / or procedure manuals. Facilitate the development of asset and inventory strategies in line with the service delivery objectives. Facilitate the review of asset and inventory Management policies, procedure manuals, systems, Treasury Practice notes and compliance checklist tools.

PROVIDE SUPPORT ON SAFEGUARDING OF ASSETS TO DEPARTMENTS AND ENTITIES : Monitor the safeguarding of assets against destruction, theft and obsolescence. Monitor that all losses of assets are reported, investigated and finalized. Monitor that departments and entities have functional loss control.

PROVIDE SUPPORT TO DEPARTMENTS ON FINANCIAL MANAGEMENT AND REPORTING ON ASSETS AND INVENTORY; Monitor and support departments and public entities on asset register, trial balance and expenditure reconciliations. Perform reviews of Annual Financial Statements (AFS) / Interim Financial Statements (IFS) on asset and inventory management of departments and entities. Monitor and support departments and public entities on the development and implementation of audit action plan regarding management on assets and inventory. Provide support on resolving audit findings on non-current and current assets of the provincial departments and public entities. Monitor and support entities on the review of Estimated Useful Life (EUL), residual values (RV) and impairment of PPE (Property, Plant and Equipment). Provide support to departments and entities on the valuation of assets. Provide support to departments and public entities with financial reporting tools for interim and annual financial statements disclosure.

PROVIDE SUPPORT TO DEPARTMENTS AND PUBLIC ENTITIES ON ASSET AND INVENTORY MANAGEMENT STRATEGIES OPERATION AND MAINTENANCE OF ASSET AND INVENTORY MANAGEMENT : Monitor and support departments and entities on the implementation of life cycle asset management strategies and value for money of assets and inventory. Monitor that departments and entities have asset management plans operational and maintenance. Monitor and support departments and entities to develop and maintain complete and accurate assets and inventory registers. Monitor and support departments and entities on the application of inventory management techniques. Monitor and support departments and entities on asset verification and inventory stocktaking processes. Perform periodic compliance assessments in departments and public entities to establish compliance relevant legislation.

FACILITATE TRANSPARENT AND ECONOMIC PRACTICES TO DEAL WITH ASSET DISPOSAL IN THE PROVINCIAL ADMINISTRATION : Monitor that obsolete, redundant and unserviceable assets are disposed of. Monitor the establishment of disposal committees. Monitor compliance with SCM prescripts on asset disposal. Monitor and support departments and entities on the reconciliation of disposal proceeds. Monitor the maintenance of proper asset registers. Monitor compliance with internal control processes with regard to asset disposals.

FACILITATE THE CAPACITATION OF ASSET AND INVENTORY MANAGEMENT SECTION IN THE DEPARTMENTS AND ENTITIES : Identify asset and inventory management capacity GAPS and coordination strategies to address the capacity GAPS. Facilitate on-the-job training on assets and inventory management. Conduct workshops on policy framework, Treasury Regulations and Accounting Norms and Standards. Facilitate training interventions on assets and inventory management. Provide support to departments and entities with financial reporting tools for interim and annual financial statements disclosures.

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