Asset Management Coordinator Job Description [Updated for 2025]

In the era of digital transformation, the focus on Asset Management Coordinators has become more pronounced than ever.

As the business landscape evolves, the need for proficient individuals who can effectively oversee, optimize, and protect our assets is increasingly paramount.

But let’s delve deeper: What’s truly expected from an Asset Management Coordinator?

Whether you are:

• A job seeker looking to understand the core of this role,
• A hiring manager outlining the perfect candidate,
• Or simply interested in the intricacies of asset management,

You’re in the right place.

Today, we present a customizable Asset Management Coordinator job description template, designed for effortless posting on job boards or career sites.

Let’s dive right into it.

Asset Management Coordinator Duties and Responsibilities

Asset Management Coordinators are responsible for overseeing a company’s tangible and intangible assets, ensuring proper usage and maintenance, and creating efficient strategies for asset management.

Their primary responsibilities include:

• Implementing and overseeing asset management strategies and programs
• Tracking, recording, and monitoring the company’s physical and intellectual assets
• Ensuring compliance with relevant regulations, policies, and procedures for asset management
• Coordinating with different departments to understand their asset needs and usage
• Ensuring proper maintenance and repair of physical assets
• Performing regular audits to verify the existence and condition of assets
• Assisting in the procurement of new assets and the disposal of obsolete assets
• Planning, scheduling, and coordinating asset-related projects
• Developing and maintaining detailed inventories of the organization’s assets
• Monitoring the depreciation of assets and providing recommendations for replacements or upgrades
• Reporting on the status, performance, and costs of the company’s assets
• Utilizing asset management software and tools for efficient tracking and management

 

Asset Management Coordinator Job Description Template

Job Brief

We are seeking a detail-oriented Asset Management Coordinator to oversee and manage our company’s assets.

The Asset Management Coordinator’s responsibilities will include tracking assets throughout their lifecycle, maintaining accurate records, and coordinating asset disposal.

The ideal candidate will have strong organizational skills and the ability to manage multiple tasks simultaneously.

Familiarity with asset management software and a keen understanding of asset lifecycles will be critical to success in this role.

 

Responsibilities

• Implement and manage asset tracking systems to monitor the status of the company’s assets.
• Coordinate with departments regarding the acquisition, distribution, maintenance, and disposal of assets.
• Maintain accurate records of assets, including location, status, and condition.
• Conduct regular physical inventories to ensure all assets are accounted for.
• Coordinate asset disposal in accordance with company policy and legal requirements.
• Assess the life cycle of assets and make recommendations for procurement and disposal.
• Provide regular reports on asset status, condition, and location to management.
• Collaborate with the finance department for accurate valuation of assets.

 

Qualifications

• Proven experience in asset management or a similar role.
• Proficiency in asset management software.
• Excellent organizational and multitasking abilities.
• Strong attention to detail and accuracy.
• Ability to work independently and as part of a team.
• Good communication skills.
• Bachelor’s degree in business administration, finance, or a related field is preferred.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Asset Management Coordinator
• Work Environment: Office setting with occasional travel for asset verification and auditing.
• Reporting Structure: Reports to the Asset Manager or Director of Operations.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $45,000 minimum to $75,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does an Asset Management Coordinator Do?

An Asset Management Coordinator typically works for corporations, financial firms, or government agencies, coordinating the management and utilization of physical or financial assets.

They are responsible for recording, tracking, and maintaining all assets, ensuring they are properly utilized and accounted for.

This involves overseeing inventory, maintaining databases, and sometimes physically auditing the assets.

Asset Management Coordinators work closely with various departments within the organization, including finance, operations, and procurement, to manage the life cycle of assets from acquisition to disposal.

They ensure the organization’s assets are acquired, valued, and disposed of according to company policies.

They also work with asset managers and finance teams to coordinate and implement asset management plans and strategies.

This includes developing budgets, facilitating purchases and sales, and managing asset-related risks.

In addition, Asset Management Coordinators may be responsible for reporting on the status and performance of assets to stakeholders and making recommendations for improving asset management processes.

Their role is crucial in ensuring the organization’s assets are efficiently and effectively managed to support business goals and objectives.

 

Asset Management Coordinator Qualifications and Skills

An Asset Management Coordinator needs a combination of technical skills, organizational abilities, and industry knowledge to effectively manage a company’s assets, including:

• Strong analytical skills to assess, evaluate, and maintain records of a company’s assets, ensuring optimal utilization and maintenance.
• Effective communication skills to coordinate with different departments, vendors, and contractors, and to clearly articulate the status and requirements of the organization’s assets.
• Detail-oriented skills are necessary to manage and maintain a large volume of asset data accurately.
• Proficient with asset management software or other similar systems to track and report on asset status, location, and other critical factors.
• Strong organizational skills to manage multiple assets simultaneously, tracking their life cycle from acquisition to disposal.
• Knowledge of asset management principles and best practices to ensure effective and efficient management of the organization’s assets.
• Problem-solving skills to identify and address issues concerning asset management, such as maintenance problems, depreciation concerns, or tracking inaccuracies.
• Financial acumen to understand and manage the financial aspects of asset management, such as budgeting, cost analysis, and depreciation.

 

Asset Management Coordinator Experience Requirements

For the role of Asset Management Coordinator, entry-level candidates are generally expected to have 1 to 2 years of experience.

This experience is often gained through internships or part-time positions in asset management or related fields such as finance, administration, or logistics.

These professionals may also gain relevant experience in roles such as Inventory Analyst, Procurement Officer, or Administrative Coordinator.

This provides a solid foundation in managing and tracking assets, coordinating tasks, and maintaining accurate records.

Candidates with more than 2 years of experience are typically expected to have broadened their understanding of asset management systems and procedures.

They might have developed skills in areas such as asset tracking, scheduling maintenance, and report preparation.

Those with over 5 years of experience often have a proven track record of managing a team and coordinating complex asset management operations.

They may also have experience with software tools used for asset management, and are generally ready to take on greater responsibilities, including leadership roles.

In addition, some roles may require specific certifications such as a Certified Asset Management Professional (CAMP) or a background in a relevant field like business administration, accounting, or supply chain management.

 

Asset Management Coordinator Education and Training Requirements

Asset Management Coordinators typically hold a bachelor’s degree in fields such as business administration, economics, finance, or related areas.

They need strong knowledge and understanding of asset management principles and practices.

This includes familiarity with both tangible and intangible assets, financial modelling, risk management, and regulatory compliance.

In addition to their degree, some positions may require Asset Management Coordinators to have professional certifications such as Certified Asset Management Professional (CAMP) or Certified in Production and Inventory Management (CPIM).

These certifications demonstrate a high level of expertise in the field and a commitment to ongoing learning.

Work experience, particularly in financial or asset management roles, is also often required.

This helps to ensure that the coordinator has practical knowledge of managing and tracking assets, evaluating their performance, and making informed decisions.

Continued education in the form of professional development courses or workshops is also recommended.

These further enhance their understanding of the industry, keep them updated with new trends and technologies, and help develop necessary skills such as strategic planning, data analysis, and communication.

Though not a requirement, a master’s degree in business administration or finance could be beneficial, as it may indicate a candidate’s leadership potential and dedication to the field.

 

Asset Management Coordinator Salary Expectations

An Asset Management Coordinator can expect to earn an average salary of $54,927 (USD) per year.

However, the actual salary can vary greatly depending on factors such as experience, qualifications, and the location of the job.

More experienced coordinators or those working in larger cities or for larger companies can often expect to earn a higher salary.

 

Asset Management Coordinator Job Description FAQs

What skills does an Asset Management Coordinator need?

An Asset Management Coordinator needs to have excellent organizational and coordination skills.

They should be proficient in handling data, with a strong attention to detail.

Understanding of asset management principles and experience with asset tracking software are also crucial.

Strong communication skills are needed to liaise with various departments and stakeholders.

 

Do Asset Management Coordinators need a degree?

While not always necessary, a degree in Business Administration, Management, or a related field can be beneficial for an Asset Management Coordinator role.

However, practical experience in asset management, logistics, or similar fields is often more important.

 

What should you look for in an Asset Management Coordinator resume?

When reviewing an Asset Management Coordinator resume, look for relevant experience in asset management or logistics.

Proficiency in asset management software, as well as skills like project management, inventory control, and data analysis, are also important.

Certifications in asset management can be a plus.

 

What qualities make a good Asset Management Coordinator?

A good Asset Management Coordinator is detail-oriented, methodical, and organized.

They should have strong problem-solving skills and the ability to manage multiple tasks simultaneously.

Good communication skills are crucial for liaising with different departments and stakeholders.

A knack for using data and analysis to drive decisions is also a valuable trait.

 

How challenging is it to hire an Asset Management Coordinator?

The challenge in hiring an Asset Management Coordinator lies in finding someone with the right mix of skills, including project management, data analysis, and communication.

Experienced candidates with a background in asset management or logistics can be in high demand, so a competitive salary and benefits package could be necessary to attract the right talent.

 

Conclusion

There you have it.

Today, we’ve shone a spotlight on what it truly means to be an asset management coordinator.

Surprise!

It’s not just about managing assets.

It’s about shaping financial futures, one asset at a time.

Armed with our comprehensive asset management coordinator job description template and real-world examples, you’re ready to leap forward.

But why halt your progress here?

Delve deeper with our job description generator. It’s your pathway to precision-crafted job listings or fine-tuning your resume to perfection.

Remember:

Every asset managed is a piece of a larger financial puzzle.

Let’s shape that future. Together.

How to Become an Asset Management Coordinator (Complete Guide)

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