Senior Assets and Liability Management

Description:

DUT has approximately 33 000 students, the Durban University of Technology (DUT) is the first choice for higher education in KwaZulu-Natal (KZN). It is located in the beautiful cities of Durban and Pietermaritzburg (PMB). As a University of Technology, it prioritises the quality of teaching and learning by ensuring its academic staff possess the highest possible qualification that they can get.

The Durban University of Technology is a result of the merger in April 2002 of two prestigious technikons, ML Sultan and Technikon Natal. It was named the Durban Institute of Technology and later became the Durban University of Technology in line with the rest of the universities of technology.

DUT, a member of the International Association of Universities, is a multi-campus university of technology at the forefront of higher education, technological training, research, and innovation. In alignment with DUT’s strategy ENVISION 2030, the University would like to see its people (staff, students etc) become entrepreneurial and innovative.

In 2020, DUT was ranked amongst the Top 500 Universities globally, and 10th for citations globally and 5th Nationally.

DUT has six Faculties, Accounting and Informatics, Applied Sciences, Management Sciences, Engineering and the Built Environment, Health Sciences and Arts& Design.

Finance

Post: Senior Assets and Liability Management

Minimum Requirements:

• Degree in Accountancy, Finance, Business, or any other relevant qualification (NQF Level 7).
• 3 to 5 years’ experience in asset management preferably in a higher education environment or a large organisation of which 3 years should have been in an asset management role.
• Knowledge of relevant legislative requirements and rules applicable to asset management, structured finance
• Understanding of IFRS and other relevant accounting standards
• Understanding of asset management practices
• Understanding of Financial systems
• Advanced Proficiency in MS Office
• Proficient in IT systems to manage asset.
• Demonstrated ability in asset, risk management.
  

Summary of Duties:

• Provide data and information as requested by the Manager Asset Management for input into the Asset strategy to support the strategic objectives and annual performance plan for DUT.
• Provide data and information for the drafting, communication, and monitoring of the implementation of an operational plan for the effective running of the asset function.
• Support the identification and communication of plans to protect and maintain assets and minimise any potential liabilities.
• Support the review, updating and development of policies, procedures, and process to manage and safeguard asset management.
• Ensure compliance with relevant policies and identify non-compliance matters for escalation.
• Support the management of DUT assets and student residence assets in accordance with DUT policies and procedures.
• Ensure that accurate appreciation and depreciation costs are reflected in the finance system.
• Develop contingency plans to protect and safeguard DUT assets in consultation with protection services.
• Provide data and information for the review of the replacement vs the repair of movable assets and support the manager’s recommendations.
• Ensure the timeous maintenance and repairs of assets and ensure adherence to budget provisions in liaison with the respective departments and services.
• Reconcile systems data to asset registers. Report and investigate variances and submit monthly reports to the Manager Asset Management detailing variances and reasons for deviation.
• Conduct an annual review of insurance suppliers through the DUT procurement process.
• Ensure that asset-related documentation and records are saved and archived in accordance with the DUT document management system.
• Support the management of delivery on service level agreements / contractual obligations with external insurers.
• Support all liaisons with external stakeholders to address and resolve any asset or insurance-related matters.
• Support engagements with insurers on insurance claims, renewals, and escalated queries.
• Provide information and guidance to internal stakeholders regarding insurance queries and claims.
• Prepare reports for the purpose of reporting to various structures as required, in accordance with the reporting schedule.
• Review or draft asset related reports to internal and external stakeholders and submit to relevant stakeholders.
• Compile and consolidate all relevant data, information, and statistics required for the drafting of the asset management report for submission to the Manager Assets and Liability Management. Support the manager in drafting and presenting the report.

Contact Person: Miss LV Makhanya

Status of Position: Permanent

Salary: Market Related

To Apply:
Please complete application form Click on link: https://www.dut.ac.za/wp-content/uploads/2024/07/Application_for_Employment-R3.docx OR from DUT careers portal and send together with detailed CV, copies of ID, qualifications, and a covering letter.

Kindly note:
Communication will be entered into with short-listed candidates only. Only applications made on our application for employment form would be considered.

“While DUT strives for equal opportunities, preference will be given to suitable candidates in terms of the University’s equity policy” The University reserves the right NOT to make an appointment.

Requirements:

• Degree in Accountancy, Finance, Business, or any other relevant qualification (NQF Level 7).
• 3 to 5 years’ experience in asset management preferably in a higher education environment or a large organisation of which 3 years should have been in an asset management role.
• Knowledge of relevant legislative requirements and rules applicable to asset management, structured finance
• Understanding of IFRS and other relevant accounting standards
• Understanding of asset management practices
• Understanding of Financial systems
• Advanced Proficiency in MS Office
• Proficient in IT systems to manage asset.
• Demonstrated ability in asset, risk management.
  

• Provide data and information as requested by the Manager Asset Management for input into the Asset strategy to support the strategic objectives and annual performance plan for DUT.
• Provide data and information for the drafting, communication, and monitoring of the implementation of an operational plan for the effective running of the asset function.
• Support the identification and communication of plans to protect and maintain assets and minimise any potential liabilities.
• Support the review, updating and development of policies, procedures, and process to manage and safeguard asset management.
• Ensure compliance with relevant policies and identify non-compliance matters for escalation.
• Support the management of DUT assets and student residence assets in accordance with DUT policies and procedures.
• Ensure that accurate appreciation and depreciation costs are reflected in the finance system.
• Develop contingency plans to protect and safeguard DUT assets in consultation with protection services.
• Provide data and information for the review of the replacement vs the repair of movable assets and support the manager’s recommendations.
• Ensure the timeous maintenance and repairs of assets and ensure adherence to budget provisions in liaison with the respective departments and services.
• Reconcile systems data to asset registers. Report and investigate variances and submit monthly reports to the Manager Asset Management detailing variances and reasons for deviation.
• Conduct an annual review of insurance suppliers through the DUT procurement process.
• Ensure that asset-related documentation and records are saved and archived in accordance with the DUT document management system.
• Support the management of delivery on service level agreements / contractual obligations with external insurers.
• Support all liaisons with external stakeholders to address and resolve any asset or insurance-related matters.
• Support engagements with insurers on insurance claims, renewals, and escalated queries.
• Provide information and guidance to internal stakeholders regarding insurance queries and claims.
• Prepare reports for the purpose of reporting to various structures as required, in accordance with the reporting schedule.
• Review or draft asset related reports to internal and external stakeholders and submit to relevant stakeholders.
• Compile and consolidate all relevant data, information, and statistics required for the drafting of the asset management report for submission to the Manager Assets and Liability Management. Support the manager in drafting and presenting the report.