Synopsis
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

Job Description
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 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.
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 SBU’s, 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.
Foster a culture consistent with the Corporation’s values


Qualification and Experience
QUALIFICATION REQUIREMENTS
Bachelor’s degree or N.Dip in Engineering or NQF6 or equivalent
Registered Professional Engineer with the Engineering Council of South Africa (ECSA), Member of Royal Institution of Chartered Surveyors (RICS),
American Society Appraiser (ASA) Registration – ME201, ME 203 – Advanced topics and case studies will be an advantage.
KNOWLEDGE AND EXPERIENCE REQUIREMENTS
8 – 10 years' experience in plant, machinery and equipment appraisal
Ability to interpret International Valuation Standards (IVS)
Comprehensive understanding of project execution
Work experience in mechanical / industrial engineering and/or financial services industry will be an advantage

Job Requirements
TECHNICAL/FUNCTIONAL COMPETENCIES
Analysis and interpretation
Analytical and problem solving
Planning and Organising
Communication skills (written and verbal)
Report writing skills
Results and solutions oriented
BEHAVIOURAL COMPETENCIES
Presentation and communication skills
Relationship building and networking
Ability to multitask and thrive under work pressure
Ability to collaborate and influence various stakeholders and teams

Job Reference: IDC00431