About the Role
The Department of Treasury is seeking a dedicated and experienced individual for the position of Director: Asset Management at its Head Office. Based in Pretoria, this role is crucial for ensuring that the Department maintains effective management of its assets, aligning with the Public Finance Management Act (PFMA) and Treasury Regulations. As the Director of Asset Management, you will be responsible for developing and implementing strategies that safeguard public resources, ensuring their proper classification, valuation, and maintenance. This role plays a vital part in promoting transparency and accountability within the public service, directly impacting the efficiency of government operations.
In this pivotal role, you will manage the entire asset lifecycle and ensure that all records are accurate and up-to-date. By fostering strong internal controls, you will protect against asset losses and mismanagement. Your leadership will not only enhance the functionality of the Department but also contribute to the greater good of South African society, ensuring that public assets are utilized effectively for the benefit of all citizens.
About the Department
The Department of Treasury plays an essential role in South Africa’s public sector by overseeing financial management and promoting sound economic governance. Its mission includes ensuring the effective allocation and utilization of public funds, thereby facilitating socio-economic development. Working at the Department of Treasury means becoming part of a team that is committed to fostering transparency, accountability, and integrity in government financial practices. Your contributions will support the Department’s goal of enhancing service delivery and improving the lives of South Africans.
What You’ll Do
- Develop and implement the Department’s Asset Management Strategy, policies, and procedures.
- Manage the full asset lifecycle, including planning, acquisition, and disposal processes.
- Ensure accurate and reliable asset registers for both movable and immovable assets.
- Conduct regular reconciliations of asset records with financial management systems.
- Prepare and submit financial disclosures related to assets for interim and annual financial statements.
- Establish controls to prevent asset losses and address instances of theft or misuse.
- Oversee the disposal of surplus assets according to prescribed processes.
- Identify asset-related risks and implement mitigation strategies.
What You’ll Need
- A Grade 12 certificate and an appropriate Bachelor’s Degree or Advanced Diploma (NQF Level 7) in a relevant field.
- A minimum of five years’ experience at a Middle/Senior Managerial level in asset management or financial management.
- Completion of the Nyukela Public Service Senior Management Leadership Programme.
- In-depth knowledge of the Public Finance Management Act (PFMA) and related regulations.
- Strong management, analytical, and problem-solving skills.
- A valid driver’s license.
How to Apply
Please submit your application before the closing date as late applications will not be considered.
Requirements
Grade 12 plus nan 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 recognised by SAQA.A minimum of five (5) years’ relevant experience at Middle/Senior Managerial 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 finalisation 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 Recognised 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 licence.
Job Duties
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 173 Interim and Annual Financial Statements (IFS/AFS).
Develop and maintain effective controls to prevent and detect asset losses, theft, misuse, unauthorised 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.
