Plant Equipment & Machinery Valuer post at the Industrial Development Corporation of South Africa (IDC)
Application Deadline: 22 May 2024
Plant Equipment & Machinery Valuer post at the Industrial Development Corporation of South Africa
JOB DESCRIPTION
To independently assess and provide expect advise on the estimated new replacement cost, open market, forced sale and other values of physical assets (plant, equipment and machinery) in order to ensure that physical assets, including those considered for and / or taken for collateral, are properly valued.
QUALIFICATION AND EXPERIENCE
Qualification
- Diploma or Bachelor’s degree in Engineering
- Registered Professional Engineer with the Engineering Council of South Africa (ECSA), Member of Royal Institution of Chartered Surveyors (RICS), American Society Appraiser (ASA) will be an advantage
Knowledge & Skills
- 5-8 years’ experience in plant, machinery and equipment appraisal
- Work experience in mechanical / industrial engineering and/or financial services industry will be an advantage
ROLES AND RESPONSIBILITIES
Independently conducting own assessments and valuations of plant, equipment and machinery, and providing expect advice on:
- The appropriateness and reasonability of the Client’s anticipated capital expenditure on plant, equipment and machinery in order to validate against the applicable industry norms.
- The functional, economic, physical obsolescence, etc of plant, equipment and machinery including the impact and implications thereof on the IDC’s physical collateral register.
- The forecast of total and remaining economic life and value of plant, equipment and machinery including the impact and implications thereof on the IDC’s physical collateral.
- The variance between the Client’s and own independently determined estimated capital expenditure costings, envisaged process improvements, etc, including making recommendations for adherence to industry norms and best practices.
- The appropriateness of the envisaged plant and equipment installation strategy, methodology, programme and deliverables against set programme milestones.
- The risks inherent in the clients’ plant and equipment projects including making recommendations for risk mitigation
- The validity and accuracy of reviewed valuation reports of the physical assets prepared by others.The required continuous improvement on the department’s process, procedures, templates, etc.
- Maintain relevant records and relations in support of expertise, expert knowledge
- Report writing and presentations at internal and external committees
- Manage effective interaction with SBUs and Departments
- Maintain and enhance current knowledge and awareness of valuation and other effective practices.
Visit the official website of the IDC: Plant Equipment & Machinery Valuer post
Other Opportunities: R305 100 – R396 012 per annum plus benefits SPU COORDINATOR post at the Inxuba Yethemba Municipality (Chris Hani District)
Other Opportunities: Alfred Nzo District Municipality is hiring for various vacancies that pay salaries of up to R500 000.00 per year plus benefits
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