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

Qualifications

• Bachelorxe2x80x99s 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

• 8 xe2x80x93 10 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, cognizant of all value forming factors in line with professional guidelines and reporting standards and providing expect advice on:

• The appropriateness and reasonability of the Clientxe2x80x99s 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 IDCxe2x80x99s 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 IDCxe2x80x99s physical collateral.
• The variance between the Clientxe2x80x99s 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 clientsxe2x80x99 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 departmentxe2x80x99s process, procedures, templates, etc.
• To maintain relevant records and relations in support of expertise, expert knowledge.
• Report writing and presentations at internal and external
• Manage effective interaction with SBUs and Departments.
• Maintain and enhance current knowledge and awareness of valuation and other effective practices.
• Contribute to planning, co-ordination and management of team
• Review external valuation reports, conduct internal peer reviews and guide instillation of a culture of best practice.
• Provide expert advice and guidance to SBUxe2x80x99s, Departments, Business Partners, IDC Executive and Board.
• Build and maintain influential relationships with stakeholders (internal and external) to create, promote and maintain good professional
• Support the formation and implementation of the strategic objectives and operational plans of the unit, and the presentation thereof to key decision making stakeholders within the Corporation.

Industrial Development Corporation