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VAC4432 - Senior Officer - Property and Insurance Controller, DP WORLD JEDDAH

Division Finance
Location Jeddah, Saudi Arabia
Closing Date 10-Apr-2020
About DP World

DP World is the leading enabler of global trade and an integral part of the supply chain.

We operate multiple related businesses – from marine and inland terminals, marine services, logistics and ancillary services, to technology-driven trade solutions.

Our portfolio of more than 150 operations in over 50 countries across six continents gives us a significant presence both in high-growth and mature markets.

DP World’s dedicated team of more than 50,000 employees from 120 countries build enduring relationships with governments, shipping lines, importers and exporters, communities, and many other essential constituents of the global supply chain, providing quality value-added services today and tomorrow.

Container handling is the company’s core business and generates more than half of its revenue. In 2018, DP World handled over 70 million TEU (Twenty-foot Equivalent Units) across our portfolio. With a pipeline of committed developments and expansions, we expect the current gross capacity of 91 million TEU to rise in line with market demand.

By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally. We aim to be essential to the bright future of global trade, ensuring that everything we do contributes positively and sustainably to the economy and society.


JOB PURPOSE Manage asset tagging and insurance/ claims for DPW Jeddah
  • Ensure that the assets are all correctly tagged and recorded in correct location.
  • Prepare forms for additions and disposals of assets  
  • Communicate to the Chief Accountant regarding deletion and addition of assets
  • Release property to authorized departments and individuals.
  • Informs employees receiving property of their responsibility and liability for it; issues directives concerning the care and movement of property.
  • Supervises the making of periodic inventories and inspections of property; investigates discrepancies in inventories and reconciles property records
  • Determines the condition and recommends proper disposition of property requiring repair, salvage, or disposal; maintain control records for keys; prepares data to justify replacement or additional equipment in the equipment budget;
  • Develops improvements in property accounting procedures in accordance with departmental directives
  • Co-ordinate with insurance companies / external surveyors regarding insurance claims and queries related to insurance
  • Co-ordinate with Chief Accountant on any payments or disbursements of claims/premiums post Financial Manager approval
  • Ensure compliance with Fatal Risk Standards
  • Ensure compliance with Safe Work Practices
  • Ensure compliance with HSE policy
  • Relevant experience in any multinational organization or port
    • Mandatory: 2 - 3 years
  • Preferable experience in managing claims/ insurance for any national/ multinational  organization
  • Graduate/ Bachelor’s degree
  • Basic computer operating skills
  • Working exposure to Finance ERP modules and standard accounting packages
  • Preferable Knowledge of container port terminal operations
  • % of reduction in claim amount
  • Average time taken to resolve the claims
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