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JOB DESCRIPTION AND RESPONSIBILITY
KEY RESULT AREA(KRA) & KEY PERFORMANCE INDICATOR(KPI)

MANAGEMENT

Asset Management Career Path Guide: Skills, Job Description, Salary in India

Introduction
Skills Ability
job description
requirements
Key Result Area
Key performance Indicator
Work Environment and Schedule
Salary in India
Conclusion
FAQs
Explore career opportunities

Introduction

An asset manager deals with the trade, management, and investment of assets such as capital, bonds, stocks, precious metals, commodities, and real estate on behalf of their clients. Assets managers are financial advisors to an organisation or individuals, They advise on the acquisition of assets and monitor, negotiate, and implement programs to increase asset value and revenue of the assets owned, leased and subleased. The asset manager has to do thorough and comprehensive research on these assets. Before deciding, what assets to acquire. While working in an organisation, They have to present their findings and report to the senior management or board members or whoever is the decision maker in that particular organisation.

With Many reforms in the finance sector, the demand for asset managers is always growing, and it is one of the highest paying jobs, as a result, there are many people who wish to pursue this career path.

Do You Want to be an Asset Manager?

To build a career as an Asset Manager you need to first understand the Job profile and responsibility of the job

This blog gives you a detailed idea of what it is to become an Asset Manager in the Finance Industry of India.

  1. Analytical Skills:
    2. The Asset manager has to invest the company’s funds into assets that provide maximum ROI. To do so the Asset manager has to properly study the market and analyse all the risks and opportunities that the investment is subject to.
  2. Managerial Skills:
    3. The Asset manager might work with different clients or organisations, that require different services and different amounts of attention, this work could overlap and hence, the Asset Manager has to keep track of all the different assets of any company or client and manage them in a proper way so no of them gets lost or mixed up.
  3. problem-solving skills:
    4. The Asset manager can face a lot of uncertain problems in their career as the financial markets are always uncertain and subject to growth and falls in asset price, such short term, as well as long term problems, needs to be resolved by the Asset manager with as less loss as possible.
  4. Research skills: 
    5. The Asset Manager must know how to analyse numbers and turn them into financial models and projections, this will help the colleagues and the higher management understand the market properly. The Asset Manager has to do a good amount of research for this to get the best possible Data to work with.

Job Description

The Asset Manager is required to be results driven. Their job consists of providing recommendations on asset acquisition and managing a portfolio of assets, increasing their value, and minimizing risks to the client. The asset manager will be tasked with different finance related jobs by their clients such as conducting risk analyses, preparing financial, asset management, and investment reports, reviewing policies, and developing strategies to maximize asset growth.

To be successful asset managers, they have to be strategically minded with strong analytical and problem-solving skills. Asset managers have to study current company policies and determine whether changes can be done to improve the conditions or not, if yes then what and in which areas. Asset managers also have to study the business portfolio of their clients to identify risks before deciding where best to invest their money.

an outstanding asset manager should have a strong financial background which would help them be a formidable negotiator and future planner.

  • Meeting with clients and communicating in order to determine their needs and requirements, providing strategic advice, and managing their assets accordingly.
  • Preparing risk analyses and financial reports
  • Tracking Investments, and creating asset management reports.
  • Creating, organizing, and managing the client’s asset portfolio
  • Monitoring asset performance and recommending corrective measures to clients.
  • Developing strategies to increase Return on Investment and minimize risk factors and losses.
  • Reviewing financial and investment policies and making recommendations for potential adjustments.
  • Researching relevant markets in order to identify trends and pattern
  • Collaborating with the asset management team as well as the company analysts, and senior executives.
  • Liaising and negotiating with fund directors, property managers, attorneys, auditors and more to get the best possible deals for their clients.
  • Satisfy Client Needs:
    • Different Clients will have different financial needs from their asset managers, The asset manager has to discover such needs and satisfy them.
  • Maximise Return on Investments:
    • As an Asset Manager, you would be required to create plans and execute them to get the best possible ROI on the company or Clients Investments.
  • Negotiate to get the best offers:
    • The work of an asset manager revolves around the purchase and sale of different types of assets such as mutual funds, stocks, gold, etc. The Asset manager has to negotiate the buying and selling price of such assets to get the best deals.
  • High Returns:
    • The Asset Manager must allocate the funds of their clients and company in such a way that they get the best possible ROI.
  • Capital Gain:
    • The capital gain is an increase in the value of a property asset compared to the original price. It can be both short term and long term. The Capital gain should not be negative.
  • Maturity:
    • While investing in assets that have a lock-in period the Asset manager has to weigh the opportunity cost of such investments. Until the lock-in period is not complete the assets have no liquidity which can be either good or bad.

Asset managers usually work indoors, in a well-lighted and air-conditioned office, usually with a team or sometimes alone in special situations. But this doesn’t mean that they don’t have to work outdoors. Travelling is also a part of the job where they have to go on-site of a company or client to discuss with them about assets and attend meetings. 

They mostly work a 9 to 5 job where they might have to do overtime and sometimes work on weekends, however, these extra hours are well compensated.

How much is the scope for Earnings?

Asset protection managers have a regular 9 to 5 work schedule with a 40 to 45 hour work week. Work hours may include evenings and weekends as different stores and businesses have different timings.

The workspace would typically be a central security hub where they can monitor many areas of the store discreetly through surveillance equipment and patrol the sales floor in disguise as a customer.

Being an asset manager is not easy, It is a work of intense stress and dedication, however, it is also one of the highest paying jobs. The Asset manager has to be result driven and goal oriented to be successful in their field. Their role is to bring in profits and growth to the asset value of the organisation or client they are working for. For anyone who has a talent and passion for managing assets, taking money decisions and everything of that sort, The Asset manager job could prove to be a highly successful career option for you.

Q1. What does an Asset Manager do?

A1. An Asset Manager oversees the financial assets of individuals or organizations. They develop investment strategies, monitor portfolios, analyze market trends, assess risks, and aim to maximize returns on investments.

Q2. What skills are crucial for an Asset Manager?

A2. Essential skills for an Asset Manager include financial analysis, risk management, knowledge of investment markets, portfolio management, strategic planning, communication, and a deep understanding of financial regulations.

Q3. What is the job description of an Asset Manager?

A3. The role of an Asset Manager involves creating and implementing investment strategies, conducting market research, analyzing financial data, managing client portfolios, evaluating risks, and ensuring compliance with regulations.

Q4. What are the requirements to become an Asset Manager?

A4. To become an Asset Manager, candidates typically need a bachelor's degree in finance, economics, business, or a related field. Relevant certifications such as CFA (Chartered Financial Analyst) or CIMA (Chartered Institute of Management Accountants) can enhance career prospects.

Q5. What is the salary range for Asset Managers in India?

A5. Asset Managers in India earn varying salaries based on experience, qualifications, and the organization's size. On average, they can expect to earn between ₹600,000 to ₹1,500,000 per year, with senior positions and larger firms offering higher salaries.

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