Last Updated on March 24, 2022 by Admin
There is a massive demand for Asset Management Jobs. Asset management firms administer the investment money of their clients to achieve a financial objective within specific guidelines of the investment pool. This article discusses the property asset management job description, salary, courses, career & job.
An asset manager oversees assets owned, leased, and subleased by an organization. They are responsible for determining the feasibility of asset acquisition and presenting supporting documentation to upper management or board members. Asset managers may also handle special projects as determined by managing directors.
Depending on the clients’ objectives and risk appetite, asset managers would manage the funds and ensure that the financial goals are achieved.
The Asset Manager maintains, enforces, and enhances the Asset Management Solution. This is primarily a development and management role focused on ensuring accurate and timely availability of asset information for operational use.
If you are an employer seeking qualified job seekers for your Asset Manager position, read our sample job description below and revise it to meet your company’s specific job duties and requirements.
Also, if you are a job seeker and want to get into the asset management job profile, use our sample job description below to see what job skills and experiences employers and companies are looking for.
Required Skills and Talents for Asset Management Job Profile
As a part of an asset management company, you need to possess a particular set of skills and qualifications to succeed.
Following are some of the essential skills that would be required to get an entry into an asset management firm:
- Finance degree (Management Degree)
- Quantitative and analytical skills
- Managerial and communication skills
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Job Roles in the Asset Management
- Asset Manager
- Buy-side research analyst
- Sell-side research analyst
- Portfolio manager
- Financial advisor
- Relationship manager
- Sales manager
Entry Level Asset Management Jobs
- Fund accountant
- Junior research analyst
- Quantitative analysts
Types of Asset Management
Asset Management is a broad category of management that includes several distinct disciplines and industries. Following are the seven types of asset management industry domains.
- Financial Asset Management
- Enterprise Asset Management
- Infrastructure Asset Management
- Public Asset Management
- IT Asset Management
- Fixed Assets Management
- Digital Asset Management
Asset Management: Facts and Trends
With the advent of the Internet, managing your money has become very convenient and accessible.
There are more investors today than there ever were. People are becoming aware of financial planning and investing their money more in non-traditional vehicles.
A simple reason is that traditional investments like insurance and government bonds give lesser returns when compared to modern investment vehicles like mutual funds.
Every year there are thousands of trainees hired by firms like Wells Fargo, Merrill Lynch, Goldman Sachs, Accenture, J. P. Morgan, Deloitte, etc. It is a suitable time for you to consider asset management a lucrative career option.
Industry Where Assent Managers are Most in Demand
Most asset manager positions are found within the real estate industry. Popular fields for asset managers within the real estate include commercial property management and real estate development.
You can find asset management jobs posted on various online portals and social media websites. Kindly check the below link for open positions and apply online.
Assent Management Jobs on LinkedIn
Assent Management Jobs on Naukri
Assent Management Jobs on Indeed
Asset Manager Job Description Sample Template
One of the job placements inside the Asset Management sector is Asset Managers. They are required to manage clients’ investments such as currency, property, bonds, stocks, commodities, equities, among other financial products.
One of the aims of these managers is to maximize the client´s money obtained from return on investments. They can work for banks, pension funds, and other business-related areas.
Asset managers decide on what assets to acquire through comprehensive research of these assets. They then present the findings and recommendations to senior management or board members. Find here the asset manager summary, job description, and salary details.
This sample asset management job description and salary details also can be considered for the real estate, construction, infrastructure, oil and gas, and other industry domain.
An Asset Manager usually performs many of the following tasks;
• Managing client’s money.
• Researching new markets and financial products.
• Advising about investments.
• Creating reports.
• Dealing with clients face to face or by telephone.
The primary function of the Asset Manager is to assist in all aspects of the administrative, financial, capital, and operations of the assigned portfolio.
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Essential Functions of an Asset Manager
- Oversee local third-party property managers and leasing agents.
- Propose goals and objectives for each property.
- Assist in the preparation and approval process of property operating budgets.
- Monthly, quarterly and annual reporting of the portfolio.
- Assist in the due diligence and underwriting of potential acquisitions.
- Financial analysis, market studies, and industry-standard reporting (i.e., variance reporting, discounted cash flows, IRR’s, etc.)
- This position comes in contact with senior management, vendors, etc.
Skills/Experience Required for Asset Manager Job
- Being ambitious and determined.
- Having teamwork abilities.
- Being confident and assertive.
- Having excellent attention to detail.
- Having excellent business knowledge.
- Having relevant communication skills.
- Being able to explain business topics clearly.
- Being organized
- Having good communication abilities.
- Being able to motivate other members.
- Asset managers should demonstrate abilities in asset enhancement and financial results.
- Typically, asset managers have to function in goal-driven, fast-paced environments.
- This role requires individuals to be self-regulated and to possess the ability to work independently. Proficiency with computers and industry-related software is needed.
- Most potential employers require candidates to hold a bachelor’s degree in business, accounting, or finance. Though preferred, advanced degrees are not required for most positions.
- For the port of Asset Manager, Five to seven years of proven experience in asset management.
- Computer literacy is sufficient to operate spreadsheet and word processing applications (i.e., Microsoft Excel, Microsoft Word, Microsoft Powerpoint).
- Ability to work with financial concepts and perform financial analysis, including ROI, IRR, and discounted cash flow modeling.
- To become successful in this field, one must possess quantitative and analytical skills, advanced computer knowledge (including how to use spreadsheets and make earnings reports), analytical and problem-solving skills, managerial and organizational skills, research skills, and the know-how in analyzing numbers and turning them into financial models and projections.
- Asset managers must also be team leaders and work well independently and as part of a team.
- Diplomacy, tact, and a helpful, positive, professional presentation and attitude are required.
Asset Manager Job Duties and Responsibilities
Following are the duties and responsibilities for the property asset management job description and salary;
- Effectively manage client assets according to their investment preferences
- Assess the client’s current asset status, future needs, and investment goals
- Administer risk analysis surveys to determine their risk profile
- Work to develop a master asset management plan specifically attuned to each client
- Create, organize, and maintain client portfolios
- Manage cash flow and physical assets such as property and real estate
- Strategically advise clients on what actions to take with their assets
- Assess and manage risks associated with current assets
- Work to maximize returns and minimize losses on acquisitions and investments
- Extensively research relevant markets (equity research) to determine investment options
- Stay abreast of market trends and patterns and choose investments accordingly
- Analyze property value timeline to forecast for a future estimated value
- Analyze and evaluate portfolio progress and enact necessary changes
- Work collaboratively with and report to the asset management team and senior executives
- Travel to property sites as needed to make bids, appraise, etc.
- Liaise with property managers, contractors, brokers, attorneys, etc.
- Negotiate lease and property renewal contracts
- Collaborate with company analysts to accurately evaluate client assets
- Monitor and manage assets from acquisition to disposition
- Foster and maintain positive client relationships
- Asset managers’ duties may include the implementation, negotiation, and monitoring of asset programs.
- Asset managers work to increase revenue and asset values through identified efficiencies and savings. Managers will prepare reports and perform analysis for research to proactively identify potential loan delinquencies and revenue losses.
- Asset managers may also review and update current policies. Implementing training and development programs may also be required.
- Plans publicize and oversee implementation of an updated Asset Register
- Ensures that the Asset Register is populated with assets according to policy
- Provides maintenance of the Asset Register
- Ensures that assets are uniquely identified with naming conventions. Ensures that staff complies with identification standards for object types, environments, processes, life cycles, documentation, versions, formats, baselines, releases, and templates.
- Carries out the Process Manager responsibilities for the Asset Management process
- Additionally, Performs Communicate Audit Findings to Stakeholders
- Modifies Asset Management Framework
- Asset Management Evaluation
Asset Manager Requirements and Qualifications
Following are the essential educational qualifications for the property asset management job description and salary;
- A bachelor’s degree is required with a concentration in business, finance, accounting, and/or real estate.
- MBA preferred
- Three plus years of successful asset management experience
- Strong financial background with knowledge of real estate
- Highly computer literate and proficient in Microsoft Suite
- Excellent project management skills
- Analytically and strategically minded
- Skilled negotiator
- Extremely organized and detail-oriented
- Adept communicator both orally and written
- Industry Accreditation Preferred.
- The Asset Management area is offered by The Chartered Financial Analyst, including Investment Management Certificate and CFA charter.
- After four years of professional investment, the last award is given by approving three examinations. In the case of training schemes, The Chartered Institute for Securities and Investment offers several qualifications and training courses, such as the Investment Administration Qualification for investment professionals.
- Another way to enter this industry is to have a good honors degree required for Asset Management.
- Some suitable qualifications for this area are math, finance, accounting, economics, business studies, and management.
Asset Manager Salary
The Average Salary in the US: $80,905 Per year
The Average Salary in India: INR 10,76,784 Per year
Asset Management Courses
Top Asset Management Courses on Coursera
Top Asset Management Courses on Udemy
Top Business and Management Courses on FutureLearn
Property Asset Management is a broad term for many careers in property and estate management. Property management professionals manage the day-to-day operation of residential and commercial properties on behalf of owners and tenants. Help prevent disasters, lower investment risks, and protect property values by doing business with the best property manager possible.