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What does an Asset Manager do?

Learn all about Asset Manager duties, skills and much more. Get expert advice on how to become an Asset Manager.

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Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 3 min read

An asset manager is responsible for the physical and financial management of an organization's assets. This includes both tangible assets such as property, equipment, and inventory, as well as intangible assets such as patents, copyrights, and trademarks. The asset manager must ensure that these assets are properly maintained and utilized to maximize their value to the organization.

Asset Manager job duties include:

  • Conduct physical and virtual inventory of assets.
  • Classify assets according to type, function, and value.
  • Develop asset management policies and procedures.
  • Implement asset tracking systems and software.
  • Monitor asset utilization and performance.
  • Perform regular maintenance and repairs on assets.
  • Coordinate with other departments on asset-related matters.
  • Prepare reports on asset status and condition.
  • Dispose of or sell surplus or obsolete assets.

Asset Manager Job Requirements

An asset manager is responsible for the financial well-being of a company by ensuring that assets are properly managed. The job requires a bachelor's degree in business, finance, or a related field, and certification as a Certified Public Accountant (CPA) or Certified Management Accountant (CMA). Experience in financial management, asset management, or a related field is also required.

Asset Manager Skills

  • Analytical skills
  • Asset management
  • Asset allocation
  • Budgeting
  • Financial analysis
  • Financial modeling
  • Investment analysis
  • Investment management
  • Portfolio management
  • Risk management
  • Strategic planning

Related: Top Asset Manager Skills: Definition and Examples

How to become an Asset Manager

An asset manager is a professional who helps companies and individuals invest their money in order to achieve their financial goals. Asset managers work with clients to develop investment strategies and then implement those strategies through the purchase and sale of securities.

To become an asset manager, you will need to have a strong understanding of financial markets and investment products. You will also need to be able to effectively communicate with clients and understand their individual needs. In addition, you will need to be able to work well under pressure and handle multiple tasks simultaneously.

If you are interested in becoming an asset manager, you should start by pursuing a degree in finance or a related field. Additionally, it may be helpful to obtain certification from the Financial Industry Regulatory Authority (FINRA). Once you have the necessary education and training, you will be ready to begin your career as an asset manager.

Related: Asset Manager Resume Example

Related: Asset Manager Interview Questions (With Example Answers)