Senior Asset Manager

A senior asset manager manages and maintains everything of value for an entity or group; this includes physical assets such as buildings and intangible assets such as intellectual property. Physical assets may be owned, leased, or subleased by the company.

Asset managers are responsible for determining the feasibility of asset acquisition and presenting supporting documentation to upper management or board members. Industries which employe these managers include financial, IT, real estate, infrastructure, transportation, and health management.

Duties of asset managers include balancing of costs, risks, and opportunities against the desired performance of assets and implementing, negotiating, and monitoring asset management programs. They also prepare reports and performance analyses for loan deficiencies and revenue losses.

Asset managers must be able to communicate well with clients, co-workers, and upper management. Proficient mathematical and verbal skills, as well as organizational and speaking skills, are also necessary. Proficiency with computers and software systems is generally required.

Asset managers commonly have a financial background and must have the ability to be self-regulated and work independently. Applicants should have a minimum of a high school diploma or equivalent, while most have a bachelor's degree in accounting, business, or finance. Advanced graduate degrees are preferred, but not required.

The general working environment of an asset manager is within the offices of his/her company, and co-workers include middle and upper-management, board members, secretaries, managing directors, and property managers. These managers can expect to work traditional weekly business hours.

As a Senior Asset Manager with 6-9 years of experience in Singapore, your main responsibilities include:

• Oversee the management and performance of a diverse portfolio of assets, ensuring optimal returns and effective risk management.
• Develop and implement asset management strategies, including leasing, acquisition, disposition, and property improvement initiatives.
• Conduct financial analysis, feasibility studies, and market research to evaluate investment opportunities and drive decision-making processes.
• Collaborate with internal stakeholders, such as property managers, leasing teams, and finance departments, to achieve and exceed performance objectives and maximize asset value.

For a Senior Asset Manager job role, the following qualifications are required:

• Extensive experience in the field of asset management, demonstrating a strong understanding of financial markets, investment strategies, and risk management principles.
• Proven track record of successfully managing a diverse portfolio of assets, optimizing returns, and minimizing risks for clients or organizations.
• Excellent leadership and communication skills to effectively collaborate with cross-functional teams, including analysts, traders, and investment advisors, to develop and execute comprehensive asset management strategies.
• In-depth knowledge of regulatory compliance and industry standards, ensuring adherence to legal and ethical guidelines in all asset management activities.

The role of a Senior Asset Manager in Singapore requires 6-9 years of work experience and plays a crucial role in managing assets. For professionals seeking alternative roles within the finance industry, here are following options to consider:

• Senior Accountant: This role involves financial reporting and regulatory compliance, allowing professionals to handle broader responsibilities.
• Treasury Manager: Focused on managing cash and liquidity, this position requires forecasting, risk management, and overseeing investment activities.
• Procurement Manager: With responsibilities such as managing supplier relationships, negotiating contracts, and overseeing purchasing processes, this role is vital in ensuring efficient procurement.
• Financial Analyst: This position entails monitoring financial performance, developing forecasts, and providing insights to support strategic decision-making.

The role of Senior Asset Manager in Singapore is expected to witness significant growth in the market due to the country's booming real estate industry. Over the past 10 years, the job role has experienced a steady increase with a positive outlook for the future. According to recent data, employment opportunities for Senior Asset Managers are projected to expand, driven by the continuous development of infrastructure projects and increased investment activities. With Singapore's strong economy and attractiveness to investors, the demand for professionals in this field is likely to rise, indicating a favorable job market for aspiring Senior Asset Managers.