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Financial Economic Advisor
|Location :||Kuwait, KUWAIT|
|Application Deadline :||18-Feb-18 (Midnight New York, USA)|
|Type of Contract :||Individual Contract|
|Post Level :||International Consultant|
|Languages Required :||Arabic English|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||12 month|
UNDP and the State of Kuwait, represented by the General Secretariat of the Supreme Council of Planning and Development (GSSCPD), strive to enhance institutional capacities at various government agencies by providing them with necessary technical support to strengthen their capacities and skills to perform their expected duties.
Under the framework of the Institutional and Technical support for the establishment of Kuwait Public Policy Centre (KPPC) project, UNDP will collaborate closely with GSSCPD to support the establishment of a pioneer KPPC to address policy making gaps and mainstream policy research, analysis and studies in the policy making process.
The KPPC seeks to be a reliable resource that will influence national policies and strategies. The project builds on UNDP's mandate and strategic vision and aims to promote efficient governance and institutional management. This project will provide a framework of how UNDP will accompany the GSSCPD in its ambition to improve the quality of policy making in Kuwait and in particular on how the KPPC can contribute to that, while operating under the umbrella of GSSCPD.
Within this context, the KPPC is seeking to recruit Financial Economic Advisor to support the Kuwait Public Policy Center (KPPC) in providing financial sector advisory services in order to develop its economic evidence base and policies particularly those related to the Kuwait financial sector. Providing insights and briefing for Kuwait policy makers for the Kuwait financial sector, other than the what is currently available.
Duties and Responsibilities
Under the direct supervision of the Secretary General at GSSCPD and with close coordination the KPPC Project Coordinator and the Policy Advisor on Economic Growth, taking on board views of sector stakeholders, the Financial Sector Advisor will assume the following tasks:
1. Prepare financial economic outlook and forecast reports on the global economy in the context of global financial sector;
2. Develop financial economic outlook and forecast for the local economy in Kuwait in the context of national financial sector:
3. Develop a financial sector white paper and policy options for Kuwait covering solutions for accelerating economic growth, economic diversification and enhancement of private sector contributions in the financial sector.
4. Conduct national consultations and workshop to present the findings and get recommendations and inputs on the results of the study;
5. Conduct training sessions for GSSCPD/ KPPC staff to build the internal capacity in the areas related to the assignment;
6. Provide guidance and advice on the development of the customized macroeconomic model to ensure that its design is aligned with the requirement of the KPPC;
7. Ensure that the policy recommendations in the white paper could be tested for in the customized macroeconomic model.
Expected Outputs and Deliverables
The duration and timeline of the deliverables is indicated in the below table:
Duration of the Work
The overall duration of this consultancy will be 12 months.
The consultant will be required to be present in the State of Kuwait at least 20 working days every quarter during the assignment period or as agreed with the beneficiary. 8 trips will be covered under this assignment.
Scope of Price Proposal and Schedule of Payments
The financial proposal submitted shall specify a total lump sum amount, and payment terms around specific and measurable (qualitative and quantitative) deliverables (i.e. whether payments fall in installments or upon completion of the entire contract). Payments are based upon output, i.e. upon delivery of the services specified in the TOR. The financial proposal will include a breakdown of this lump sum amount (number of anticipated working days).
Travel: Please specify number of travels envisaged under this assignment.
Individual consultants will be evaluated based on cumulative analysis
The technical evaluation will be based on a desk review and an interview.
Total score=Technical Score + Financial Score.
Technical Criteria weight - 70%, 700 scores maximum
Financial Criteria weight - 30%. 300 scores maximum
Only candidates obtaining a minimum of 490 from 700 point in the Technical Evaluation would be considered for the Financial Evaluation
The lowest qualified financial proposal receives 300 points and all the other financially qualified proposals receive points in inverse proportion, according to the formula:
P=points for the financial proposal being evaluated
Y=maximum number of points for the financial proposal
L= price of the lowest price proposal
Z=price of the proposal being evaluated
The selection of candidates will be done in 3 stages:
1st stage: Prior to detailed evaluation, all applications will be thoroughly screened against eligibility criteria (minimum qualification requirements) as set in the TOR in order to determine whether they are compliant/non-compliant.
2nd stage: Evaluation of technical proposals
Short-listed candidates will be evaluated based on the following criteria. Only candidates obtaining a minimum of 490 points (70%) at the Technical Evaluation would be considered for the Financial Evaluation.
3rd stage: Financial evaluation
Cumulative analysis will be used based on the following methodology: All the offers of individual consultants who scored 490 (70% from 700) and more points during the desk review are acceptable for financial evaluation. The lowest financial qualified proposal receives 300 points and all the other technically qualified proposals receive points in inverse proportion
The candidate achieving the highest cumulative score for both Technical and Financial evaluations will be recommended by the Evaluation Committee for contracting upon receipt of positive reference checks.
DOCUMENTS TO BE INCLUDED WHEN SUBMITTING THE PROPOSALS.
Job Knowledge/Technical Expertise
Required Skills and Experience
I. Academic Qualifications:
II. Years of experience:
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.