Job Opportunity: Asset Director position available at OVID HOLDING in Addis Ababa. Engineering jobs in Ethiopia are in high demand. Apply now through GeezJobs - Ethiopia's leading job portal.

Position Summary

The Asset Director is a senior executive responsible for maximizing the value, utilization, and performance of OVID Construction’s full portfolio of physical assets — including heavy machinery, vehicles, plant, equipment, facilities, and other high-value infrastructure. This role ensures that all assets are acquired, deployed, maintained, tracked, and disposed of in a manner that supports operational excellence, cost efficiency, and sustainable growth. By combining strategic asset lifecycle management with hands-on operational oversight, the Asset Director plays a critical role in ensuring that capital investments deliver the highest possible return while enabling on-time and on-budget project delivery.

Core Purpose of the Role

To plan, lead, and oversee the full asset lifecycle — from acquisition to retirement — ensuring optimal performance, cost efficiency, regulatory compliance, and strategic alignment with OVID Construction’s business objectives.

Top Roles and Responsibilities

1. Strategic Asset Management

• Develop and implement a comprehensive asset management strategy aligned with corporate and project needs.

• Maintain an up-to-date asset register with detailed performance, location, and ownership data.

• Optimize asset allocation to maximize utilization and return on investment (ROI).

2. Asset Acquisition & Investment Planning

• Collaborate with Finance, Engineering, and Operations to plan capital asset purchases.

• Lead vendor selection, tendering, and negotiation for major asset acquisitions.

• Evaluate lease vs. purchase options and recommend the most cost-effective solutions.

3. Asset Tracking & Utilization Control

• Implement tracking systems (GPS, RFID, IoT monitoring) for real-time visibility of asset usage and location.

• Monitor utilization rates and reallocate underused assets to high-demand areas.

• Ensure asset security and implement loss prevention measures.

4. Asset Maintenance & Performance Optimization

• Coordinate with the Plant & Equipment Maintenance Director to ensure preventive and corrective maintenance schedules are met.

• Monitor asset performance metrics (downtime, repair frequency, operating cost per hour).

• Drive initiatives to extend asset lifespan and improve reliability.

5. Compliance, Safety & Quality Assurance

• Ensure assets meet legal, safety, and regulatory requirements for operation.

• Maintain documentation for inspections, certifications, and warranty claims.

• Support audits by providing accurate and complete asset records.

6. Disposal & Asset Retirement

• Develop asset disposal strategies that maximize residual value and minimize write-offs.

• Oversee decommissioning, resale, recycling, or scrapping processes in line with company policy.

• Ensure environmentally responsible asset disposal practices.

7. Budgeting & Cost Control

• Prepare and manage the annual asset management budget.

• Monitor total cost of ownership (TCO) for each asset category.

• Recommend asset replacement timelines based on cost-benefit analysis.

8. Technology, Innovation & Process Improvement

• Introduce digital asset management systems (EAM/ERP modules) to improve data accuracy and decision-making.

• Benchmark against industry leaders for best practices in asset lifecycle management.

• Standardize asset management processes across all company sites.

9. Leadership & Collaboration

• Lead and mentor the asset management team, ensuring strong technical and analytical capabilities.

• Work closely with Finance, Procurement, Maintenance, and Project Management to align asset strategies with business needs.

• Provide regular executive-level asset performance reports to the COO/CEO.

Skills & Competencies

• Deep understanding of heavy equipment, plant machinery, and construction assets.

• Strong analytical, budgeting, and commercial acumen.

• Excellent leadership, negotiation, and stakeholder engagement skills.

• High-level proficiency in asset management software and data analytics tools.

Key Performance Indicators (KPIs)

• Asset utilization rate improvement.

• Reduction in total cost of ownership (TCO).

• Compliance rate with asset maintenance and safety standards.

• Reduction in asset downtime.

• ROI on capital asset investments.

Required Qualifications

Education

• Bachelor’s degree in Mechanical Engineering, Industrial Engineering, Asset Management, or related field (required).

• Master’s degree in Engineering Management, Business Administration (MBA), or Asset Management specialization (preferred).

Experience

• Minimum 12+ years of progressive experience in asset management within construction, infrastructure, or industrial sectors.

• Proven track record in capital asset planning, lifecycle optimization, and cost control.

• Experience implementing asset tracking and enterprise asset management (EAM) systems.

How To Apply

We invite enthusiastic and qualified individuals to apply for our open positions. To be considered, please submit your CV as a single PDF file to hr@ovid-holding.com. Ensure you mention the position you are applying for in the subject line of your email.

We value every application and appreciate your interest in joining our team. Due to the high volume of applications we receive, only candidates who meet our criteria will be contacted for further steps.

We look forward to reviewing your application and thank you for considering a career with OVID Holding!