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Junior Insurance and Risk Finance Research Analyst
|Application Deadline :||15-Dec-20 (Midnight New York, USA)|
|Type of Contract :||Individual Contract|
|Post Level :||International Consultant|
|Languages Required :||English|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||Up to 250 working days within 12 months|
|Expected Duration of Assignment :||12 months|
UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.
UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.
The United Nations Development Programme (UNDP) is a global organization with 17,000 staff working in approximately 170 offices globally towards supporting governments in developing strong policies, institutions and partnerships to achieve the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals.
UNDP's policy work carried out at HQ, Regional and Country Office levels, forms a contiguous spectrum of deep local knowledge to cutting-edge global perspectives and advocacy. In this context, UNDP invests in the Global Policy Network (GPN), a network of field-based and global technical expertise across a wide range of knowledge domains and in support of the signature solutions and organizational capabilities envisioned in the Strategic Plan. Within the GPN, the Bureau for Policy and Programme Support (BPPS) has the responsibility for developing all relevant policy and guidance to support the results of UNDP's Strategic Plan.
In order to streamline its financial and investment engagement, UNDP launched the Finance Sector Hub, a finance and innovation platform, that draws on a critical mass of UNDP expertise, initiatives, and partnerships to support the mobilization and leveraging of resources for the SDGs and lead the implementation of the new UNDP private sector strategy and other initiatives. The Hub is an integral part of both the Bureau for Policy and Programme Support (BPPS) and the Bureau of External Relations and Advocacy (BERA), as well as part of the GPN.
The Finance Sector Hub team in Geneva works across a range of work relevant to financing and investment for the SDGs, with strong links to financial, private and institutional sectors across Europe. In particular, it leads on UNDP’s work in insurance and risk financing as well as delivers initiatives that target the ecosystems of investment actors across Europe.
UNDP’s Work on Insurance and Risk Financing
The collaboration between the insurance industry and the development sector has grown significantly over the last five years. Key initiatives, such as the Insurance Development Forum, InsuResilience Global Partnership and the Ocean Risk and Resilience Action Alliance, have evolved into significant policy and standard setting partnerships, bringing together countries, the development sector, and the private and mutual/cooperative sectors of industry. Increasingly, these partnerships are moving beyond policy to programming, with a strong focus on not only delivering insurance and risk financing solutions to countries and communities, but also on long-term transformational change of insurance markets.
UNDP’s growing work in this space has led to the creation of a flagship initiative on insurance and risk finance, and the creation of a dedicated facility for supporting UNDP Country Offices and country partners worldwide, within the newly created Finance Sector Hub. This work covers a range of critical areas where insurance and risk transfer solutions and collaboration with the industry can add significantly to achieving and delivering on the Sustainable Development Goals (SDGs.) Covering inclusive insurance, sovereign risk financing, insurance investments, natural capital, health, SME development and more, UNDP will work towards developing and delivering insurance solutions together with countries and communities, as well as collaborating with partners to transform insurance markets through enhancing legislation, regulation and institutional capacity.
Duties and Responsibilities
The Research Analyst is expected to support the Insurance and Risk Finance Facility through research and analysis on global and country-level insurance trends, social media content development and management, and project management support for the success of the overall Facility.
The objective of this IC is to contribute to the work of the team with research, analysis and project management support.
The IC will be part of the Insurance and Risk Finance Facility (I&RFF) within the Finance Sector Hub Team in Geneva under the direct supervision of the Special Advisor, Finance Sector Hub, and work closely with the global I&RFF team.
The IC is expected to perform the following duties and responsibilities:
• Support the Project Analyst to maintain and actively update the internal knowledge management database;
• Contribute to developing and managing an internal knowledge management database for the Insurance and Risk Finance Facility
Required Skills and Experience
The application package containing the following (to be uploaded as one file):
• Duly accomplished Letter of Confirmation of Interest and Availability using UNDP provided template (Annex I);
Note: The above documents need to be scanned in one file and uploaded to the online application as one document. Incomplete applications will not be considered.
Applicants are reviewed based on the qualifications stated above and based on the technical evaluation criteria outlined below. Applicants will be evaluated based on cumulative scoring. When using this weighted scoring method, the award of the contract will be made to the individual consultant whose offer has been evaluated and determined as:
Technical evaluation - Total 70% (70 points):
• Criterion 1: Advanced university degree (Master Degree or above) in finance, business administration, economics or other relevant disciplines (Desk Review) Max. 10 points (Masters degree -8 pnts, Masters or above in finance/BA/econs or insurance related -10 pnts)
Only those candidates that meet the minimum level of education (Master’s Degree), language (fluency in English) and experience requirements will be considered for the technical evaluation. The technical evaluation will include a desk review to select the shortlisted candidates.
Only candidates obtaining a minimum of 70% (34.3) of the maximum obtainable points for education, experience and language criteria (Criteria 1-7) shall be considered for the interview.
Candidates obtaining a minimum of 70% (49) of the maximum obtainable points for the technical criteria (70 points, criteria) shall be considered for the financial evaluation.
Financial evaluation - Total 30% (30 points)
• The consultant will work under the guidance and direct supervision of the Special Advisor, Finance Sector Hub and will be responsible for the fulfilment of the deliverables as specified above;
Annexes (click on the hyperlink to access the documents):
Due to large number of applications we receive, we are able to inform only the successful candidates about the outcome or status of the selection process.
UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence. UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.