Asset Manager

Roles & Responsibilities

‍Job Title:

Asset Manager – Bio‐Pharmaceutical / Process Industry (Plant & Lab Equipment)

The pharmaceutical industry involves intricate manufacturing processes that are highly complex, requiring a variety of assets. Hence, there lies a greater responsibility for the organization to properly maintain and manage its assets. Some of the core assets include heavy machinery (required for drug production), testing equipment, storage units, and distribution vehicles. Asset Manager is critical to ensure seamless operations and regulatory compliance in bio-pharma process lifecycle, at our R&D facility headquartered in Singapore.

Job Scope:

1. Strategic Asset Lifecycle Management - Acquisition to decommissioning

· Serve as the designated asset owner for process and laboratory equipment—from acquisition and commissioning through calibration, performance optimization, upgrades, and eventual decommissioning.

· Develop and maintain an integrated asset lifecycle strategy, aligned with facility needs and risk-based priorities.

2. Reliability Engineering & Performance Optimization - PdM/PPM, RCA, performance analytics

· Implement structured Preventive, Predictive, and Prescriptive Maintenance (PPM / PdM / RCM) programs, leveraging condition monitoring, CMMS, and analytics tools to minimize unplanned downtime.

· Lead root-cause analyses following failures and oversee corrective actions to enhance long-term reliability.

3. Asset Integrity & Inspection Oversight - AIMS, RBI, calibration oversight

· Design and enforce an Asset Integrity Management System (AIMS), covering static equipment, rotating machinery, electrical systems, instrumentation, and structural components.

· Coordinate risk-based inspection planning (RBI), calibration schedules, testing and inspection to sustain validated status.

4. Compliance & Validation Governance - GMP validation, audit-ready documentation

· Ensureall regulated assets remain in GMP‐validated status, with complete calibration history, IQ/OQ/PQ documentation, and ALCOA compliance for audit readiness.

· Oversee Management of Change (MOC) and maintain historic records via Plant Information Management (PIM) systems for traceability and compliance (e.g., FDA 21 CFR Part 11).

5. CMMS Management & Vendor Coordination - Asset tracking, SLA/vendor management

· Maintain and optimize the Computerized Maintenance Management System (CMMS / EAM)to manage asset data, work orders, maintenance schedules, and lifecycle tracking.

· Engage service vendors and contractors—manage vendor SLAs, spare parts inventory, calibration vendors, ensuring cost-effective and timely support.

6. KPIs, Analytics & Continuous Improvement - KPIs, reliability programs, digital tools

· Define and monitor asset performance indicators—uptime, OEE, MTBF/MTTR, maintenance cost, compliance status; analyse trends and drive reliability improvement initiatives.

· Champion continuous improvement, digital transformation (e.g. APM tools), and predictive maintenance enhancements for asset lifecycle optimization.

7. Budgeting & Capital Planning - Maintenance budgeting, CAPEX planning

· Lead preparation of maintenance budgets and CAPEX forecasts, aligning investment decisions with asset criticality, ROI, and lifecycle projections.

· Support financial analysis and business case development for new equipment procurement or replacement of legacy assets.

8. Cross-Functional Coordination - Cross-functional coordination, escalations

· Act as the primary liaison between Operations, Quality Assurance, Engineering, Procurement, R&D, and Finance, ensuring alignment on asset planning and compliance requirements.

· Drive escalation and decision-making on critical asset issues, ensuring organizational clarity and accountability.

9. Reporting & Leadership Responsibilities - Dashboards, team leadership

· Produce dashboards and management reports to summarize asset health, maintenance effectiveness, compliance, audit readiness, and risk exposure.

· Mentor or lead a small team of reliability engineers, maintenance planning staff, and equipment custodians to foster a proactive asset management culture.

Key Tasks:

• Integrate ISO 55001/55002-based asset management system principles to structure equipment lifecycle planning in line with international standards.
• Apply ISO/TS 55010 guidance to align technical and financial asset functions, enabling robust internal controls and value-driven decision-making.
• Lead total cost of ownership (TCO) and ROI modelling for high-value analytical instruments—evaluating depreciation, maintenance, calibration, and disposal costs to inform CAPEX planning.
• Translate technical asset performance (e.g. uptime, utilization, MTBF) into financial metrics (cost-per-use, payback period, IRR) for investment justification.
• Structure CAPEX proposals and business cases based on quantitative NPV/IRR analysis, supporting lab budgeting cycles and fiscal governance.
• Conduct financial risk assessments for asset failure scenarios—estimating compliance exposure costs, testing disruption losses, and service interruption penalties.
• Evaluate and negotiate service contracts and OEM calibration/vendor SLAs using lifecycle cost modelling, not only upfront pricing.
• Present dashboards combining ISO-compliant asset KPIs and financial performance indicators—facilitating fact-based stakeholder reporting to Lab Leadership, QA, Finance, and Procurement.
• Build credibility across cross-functional teams by fluently bridging technical maintenance strategy(CMMS, PdM, calibration cycles) and investment rationale (asset value, depreciation schedules, cost optimization).

Job Requisites:

• Bachelor's degree or higher in Pharma Engineering, Asset Management, or any related discipline
• 5–8 years of experience managing asset management
• Demonstrated competency in technical asset and financial functions under ISO standards
• Proven track record in total cost of ownership (TCO), NPV/IRR, and ROI modellingto support CAPEX decisions and investment-grade proposals
• Operational exposure to CMMS/EAM tools for scheduling, asset data management, preventive maintenance, and calibration tracking
• Strong financial modelling skills (Excel-based or equivalent), including depreciation schedules, lifecycle costing, and risk scenario assessment
• Knowledge of laboratory compliance frameworks (e.g. ISO 17025), calibration protocols, and validation documentation required for audit readiness
• Experience in evaluating, negotiating, and managing service/vendor contracts and SLAs informed by lifecycle costing models
• Ability to present and translate technical asset KPIs (uptime, MTBF/MTTR) into financial indicators (payback period, cost-per-use) via dashboards
• Strong cross-functional collaboration and stakeholder communication, particularly with Lab Operations, QA, Finance, and Procurement teams
• Professional certifications such as CFA Charter, CPA, or equivalent financial qualification are advantageous, showcasing proficiency in ethical financial analysis and quantitative modelling
• Familiarity with Singapore's financial governance practices and fiscal reporting linked to capital planning cycles and MAS-aligned transparency frameworks

Renumeration: SGD 7000 to 9000

Tell employers what skills you have
Maintenance Management
Budgets
Asset Management
Due Diligence
Analytical Skills
Quality Assurance
Asset Tracking
GMP
Asset Integrity
Asset Integrity Management
CPA
Vendor Coordination
Reliability
Procurement
Team Leadership
Reliability Engineering
Financial Analysis
Budgeting
Consulting
Laboratory

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