The concept of asset management isn’t revolutionary. However, it plays an essential role in the success and growth of a business. This has made asset management jobs in London one of the most attractive career paths that you can take on. In this article, we share all about asset management, its importance, and how you can join this industry for a winning career.
What Is Asset Management?
In simple terms, asset management is the wealth management of a business. Here the asset can be tangible or intangible. Properties, vehicles, lands, and tools come under tangible assets. On the other hand, intellectual property and software license agreements fall under intangible assets.
Moreover, asset management involves procuring, maintaining, upgrading, and disposing of assets with a focus on cost efficiency and minimized risk.
Types of asset management
Mainly, there are 5 types of assets that you need to know about. They are,
Digital asset management (DAM) Management of Digital asset sharing, organizing, or storing platforms or software.
- Fixed asset management
Management of items or machinery in a system that enables asset tracking, like computers and servers.
- IT Asset management
Management of all IT-related assets, including software and hardware.
- Enterprise asset management
Management of physical assets of an organization.
- Infrastructure asset management
Management of physical assets that are used in critical infrastructure like public drinking water systems.
Importance of Asset Management
Asset management is crucial to an effective business management strategy. Strategic asset management enables organizations to increase their profits while enhancing the value of the organization and its offerings.
However, many organizations overlook this aspect without realizing how important asset management is for the growth of a business. So let’s look at some of the benefits of asset management.
Benefits of Asset Management
- Help smoothen operations enabling you to deliver improved customer service.
- Effective asset management helps improve operations at a reduced cost which will help you increase the customer value delivered.
- Help understand equipment utilization to optimize equipment usage and performance efficiency.
- Give you better visibility over your assets, providing you with insights into your current and future financial plans.
- Help with regulatory compliance by effective asset tracking.
- Theft prevention as no asset goes unnoticed or unmonitored with asset management.
How does asset management work?
Usually, assessment is handled by a professional asset manager. The responsibilities of an asset management job in London include developing and implementing strategies to obtain, grow and dispose of assets, risk assessment, and finding opportunities to reach the financial goals of the organization.
The types of roles in asset management
There are different roles involved in an assessment management process. Some of them include
- Research Analyst
- Portfolio manager
- Private equity specialists
- Equity/debt dealers,
- Fund Accountants
The skills asset management firms look for
Apart from a graduate or postgraduate degree in finance, there are a few important skills that you need to cultivate if you want to find an asset management job in London. Here are some of them.
- Skills in negotiation and project management
- Strong analytical skills
- Skills in math and finance
- Good communication skills
- Time-management skills
- Critical thinking skills
How to land an asset management job in London?
There are many opportunities for professionals in asset management in London. However, competition for good positions can be high as there are many candidates.
So be sure to stand out from the rest with your CV and go well prepared for the interviews. At CLARC Recruitment, we also help individuals find amazing asset management jobs in London. Get in touch for more details.