Are you looking for an entry-level job in asset management? You’ve come to the right place.

Asset management is an industry that relies on your ability to work as part of a team, think critically and solve problems creatively. It’s a field that rewards those who are willing to learn on their feet, take initiative, and make decisions in real time.

Here are some of the things you can expect to do as an asset manager:

Assist with budgeting and forecasting

Analyze data and prepare reports

Set up processes for new hires or other teams

Develop strategies for improving efficiency or revenue growth

You’ll have access to all kinds of tools, systems, resources and training so that you can be successful at whatever level you choose. If this sounds like your dream job, keep reading!

Asset Management Entry Level Jobs

Enterprise asset management (EAM) is the lifecycle management of the physical assets of an organization. It covers subjects including the design, construction, commissioning, operations, maintenance and decommissioning or replacement of plant, equipment and facilities. “Enterprise” refers to the scope of the assets in an Enterprise across departments, locations, facilities and, potentially, supporting business functions eg; Finance & GL, Human Resources and Payroll. Various assets are managed by the modern enterprises at present. The assets may be fixed assets like buildings, plants, machineries or moving assets like vehicles, ships, moving equipments etc. The lifecycle management of the high value physical assets require regressive planning and execution of the work.^[1]

Enterprise asset management (EAM) consists of asset register, work order management, inventory and procurement functions in an integrated business software package.^[2]EAM software usually follows ISO 55001:2014, an international standard for asset management systems.

Enterprise asset management (EAM) means the whole life optimal management of the physical assets of an organization to maximize value. It covers such things as the design, construction, commissioning, operations, maintenance and decommissioning/replacement of plant, equipment and facilities. “Enterprise” refers to the management of the assets across departments, locations, facilities and, in some cases, business units. By managing assets across the facility, organizations can improve utilization and performance, reduce capital costs, reduce asset-related operating costs, extend asset life and subsequently improve return on assests. Enterprise asset management is the business processes and enabling information systems that support management of an organization’s assets, both physical (such as buildings, equipment, infrastructure etc.) and non-physical (such as fixed, IT, and digital asset management). In capital-intensive industries such as utilities, process/discrete manufacturing, healthcare as well as real estate, physical assets (buildings, infrastructure and equipment) form a significant proportion of the total assets of the organization. These industries face the harsh realities of operating in highly competitive markets and dealing with high value assets and equipment where each failure is disruptive and costly. At the same time, they must also adhere to stringent occupational and environmental safety regulations. Figure 1. below is a graphic that illustrates the point. It is thus important for organizations to maximize the return on investment from their asset base. EAM is a paradigm employed to achieve that goal. As business and market requirements are dynamic, the output specifications for the organization’s assets change constantly (e.g., increase in output capacity due to new customers). EAM provides the framework for capital and labor allocation decision processes across the competing categories of equipment addition/ reduction, replacement, over-hauling, redundancy setup and maintenance budgets in order to meet business needs.^[3]

Figure 1. source: Norm Poynter

EAM is categorized as follows:

• Physical asset and infrastructure management
• IT service management
• Digital asset (electronic media and content) management
• Fixed asset management and accounting
• Emerging asset management

• Maximized ROA
• Reduced costs and risks
• Improved asset decision making
• Compliance with required regulations
• Increased asset service responses and enhanced efficiency
• Lowered TCO^[4]

The Importance of Enterprise Asset Management (EAM)^[5]
A properly implemented EAM system provides answers to the who, what, where, when, why and even how of your assets:

• Who is using the asset, or last used it?
• What is the assets description, specifications and value?
• Where is the asset now and where has it been?
• When is the next scheduled maintenance and when was the last maintenance performed?
• Why should we keep this asset? Is it contributing to profit-making efforts?
• How do we fix or maintain the asset?