DIRECTOR: ASSET MANAGEMENT

This senior management position, based at the Head Office, is responsible for directing and overseeing the entire asset management function of the department. The Director: Asset Management operates within the public service regulatory environment and must ensure that the department’s asset management strategy, policies, procedures and internal controls are fully aligned with the Public Finance Management Act, Treasury Regulations, and the National Treasury Framework for the Management of Assets. The role is central to safeguarding public resources, maintaining accurate asset registers, and ensuring that all movable and immovable assets are accounted for throughout their lifecycle, from planning and acquisition through to disposal.

To be considered, candidates need a Grade 12 certificate plus a recognised Bachelor’s Degree or Advanced Diploma at NQF Level 7 in Accounting, Financial Management, Cost and Management Accounting, Public Finance, Supply Chain Management, Asset Management, Business Management or a related field. In addition, at least five years of relevant experience at middle or senior managerial level in asset management, financial management, supply chain management or a related environment is required. Appointment is subject to signing a performance agreement and disclosing financial interests, and the successful candidate must complete the Nyukela Public Service Senior Management Leadership Programme, endorsed by the National School of Government, before the appointment is finalised. A valid driver’s licence is also required.

The incumbent will be expected to manage the full asset lifecycle, including planning, acquisition, receipt, recording, barcoding, allocation, movement, maintenance, verification, impairment, transfer and disposal. A key responsibility is ensuring that the department maintains complete, accurate and reliable asset registers, with assets correctly classified, valued and disclosed. The Director must also ensure regular reconciliation of the asset register with BAS, LOGIS and other financial and asset management systems, and resolve reconciling items timeously. The role includes preparing asset-related financial information and disclosures for interim and annual financial statements, and developing effective controls to prevent and detect asset losses, theft, misuse, unauthorised movements and irregular disposals. Any losses or damages must be investigated and dealt with according to applicable prescripts. The Director will also manage the disposal of redundant, obsolete, unserviceable and surplus assets through prescribed processes, and identify asset-related risks while implementing appropriate mitigation and internal control measures.

Candidates must have sound and in-depth knowledge of the PFMA, Treasury Regulations, GRAP, the Modified Cash Standard, the public service regulatory framework, supply chain management prescripts and asset management policies. A good understanding of audit processes and the requirements of the Auditor-General of South Africa, including managing and resolving audit findings related to assets, is essential. Proven skills in management, strategic leadership, analytical thinking, financial management, risk management, problem-solving, communication and stakeholder management are also required.

Shortlisted candidates will go through a rigorous selection process, including a technical exercise, an interview, and possibly psychometric assessments. Pre-entry assessments covering practical suitability and integrity will be conducted, and the top candidates will be subjected to personnel suitability checks, including criminal records, citizenship, financial credits, qualifications and references. The successful candidate will enter into an annual performance agreement and disclose financial interests annually. The department reserves the right not to fill the post, and only shortlisted candidates will be contacted. If no response is received within three months of the closing date, applicants should consider their application unsuccessful.