Job Description

:The Specialist Non-Life Actuary - Technical Support Unit will work under the overall guidance and supervision of the National Programme Director-TSU. S/He will ensure engagement of all direct stakeholders and delivery of project objectives, in coordination with the Joint Secretary & CEO, DoA&FW, MoA&FW when needed.

• Annual review of crop insurance results and underlying claims costs and comparison with the OGP (commercial) premium rates charged by individual insurance companies.
• Training for the State Governments and TSUs on actuarial and rating methods and interpretation of the results.
• Work closely with Senior Specialist Non-Life Actuary, NPD - TSU and Crop Insurance Specialist - Product R&D and Standard on product design to incorporate features that are compatible with the existing underwriting guidelines.
• Provide technical backstopping for inputs for training activities on actuarial and rating methods.
• Support the Head - TSU for successful achievement of the project objectives.
• Perform any other tasks consistent with the level of the post and/ or assigned by the Specialist Non-Life Actuary or National Programme Director - Technical Support Unit.

Competencies:Core competencies:

• Achieve Results: LEVEL 1: Plans and monitors own work, pays attention to details, delivers quality work by deadline.
• Think Innovatively: LEVEL 1: Open to creative ideas/known risks, is pragmatic problem solver, makes improvements.
• Learn Continuously: LEVEL 1: Open minded and curious, shares knowledge, learns from mistakes, asks for feedback.
• Adapt with Agility: LEVEL 1: Adapts to change, constructively handles ambiguity/uncertainty, is flexible.
• Act with Determination: LEVEL 1: Shows drive and motivation, able to deliver calmly in face of adversity, confident.
• Engage and Partner: LEVEL 1: Demonstrates compassion/understanding towards others, forms positive relationships.
• Enable Diversity and Inclusion: LEVEL 1: Appreciate/respect differences, aware of unconscious bias, confront discrimination.

Cross-Functional & Technical competenciesDigital & Innovation

• Data analysis: Ability to extract, analyse and visualize data (including Real-Time Data) to form meaningful insights and aid effective decision making.
• Data Collection: Being skilled in Data Sorting, Data Cleaning, Survey Administration, Presentation and Reporting including collection of Real-Time Data (e.g. mobile data, satellite data, sensor data).
• Data Strategy and management: Knowledge to draft or execute a data strategy or a data management framework.
• Blockchain advice: Knowledge of how blockchain works, and ability to advise on the opportunities and challenges for governments and society.
• Digital inclusion: Knowledge of how digital inclusion works, opportunities and challenges for governments and society.
• Policy regulation for digital and emerging technology: Ability to design or advise on regulations and policy for digital and emerging technology; Ongoing research into emerging technologies and digital trends and the applications, risks, and opportunities associated with digital adoption, combined with the ability to communicate this synthesis with a broad audience.

Finance

• Financial risk: Ensures financial resilience through proactive assessment of risk, implementation of controls and taking mitigating action. Understands risk and reward in relation to collaborative and commercial projects. Ensures a culture of positive risk management.
• Financial reporting and analysis: Understands changes in regulatory, legal and ethical frameworks and standards for financial reporting in the public sector. Ability to extract, evaluate financial data, derive relevant findings and present them in a meaningful and coherent manner to facilitate effective decision making and performance monitoring. Understands the benefits of integrated reporting, including non-financial resources such as human, social and intellectual capital, and environmental and governance performance.

Required Skills and Experience:Education:

• Advanced university degree (master\'s degree or equivalent) in Actuarial Science or Statistics Econometrics or related field is required. Or
• A first-level university degree in combination with additional 2 years of qualifying experience will be given due consideration in lieu of Master\xc2\xb4s degree.

Experience:

• Minimum 2 years (with Master\xc2\xb4s degree) or 4 years (with Bachelor\xc2\xb4s degree) of relevant experience in in the design and rating of crop insurance programmes in India.
• Relevant Experience at the national level working with Governments and private entities in the insurance sector.
• Additional years of demonstrable experience in the design and rating of crop insurance programmes in India,
• Experience of working with Central and/or State Governments/ national/ international/ public private organisations/ on similar assignments will be preferred,
• Prior technical advisory services in the insurance sector.
• Demonstrates integrity and ethical standards.
• Promotes the vision, mission, and strategic organization goals of the organization
• In-depth knowledge of Agriculture Insurance, product design, indemnity-based insurance, index-based insurance products, national policies and existing schemes, regulatory laws related to crop insurance, related concepts, policies and practices,
• Must possess strong quantitative and actuarial skills (reserving, pricing) and good knowledge of insurance and reinsurance products and finance enterprise. Actuarial qualification is desired. Working closely with the crop insurance product specialist, the actuarial specialist will undertake the following tasks,
• Broad based knowledge across cross cutting thematic areas such risk management, CCE, financial legal and regulatory standards, procurement procedures, environmental and social safeguards,
• Should have sound knowledge of legislative, legal and regulation structure in place with respect to crop insurance in India,
• Demonstrates substantive and technical knowledge to meet responsibilities and requirements of the post with excellence.
• Ability to carry out research and communicate strategic pieces that guide decisions on strategic programme directions,
• Tailors and presents information to diverse audiences using a variety of communication delivery methods (e.g., written, electronic, oral, interpersonal) Documentation,
• Good interpersonal skills and ability to establish and maintain effective partnerships and working relations with people in a multi- cultural, multi-ethnic environment with sensitivity and respect for diversity.
• Demonstrated skills in working with multi-disciplinary teams,
• Ability to lead consultative meetings and provide training at national and state level with partners and senior stakeholders to identify priorities and manage the timely delivery of project activities,
• Reliable in delivering own parts of the work as part of a team effort.
• Demonstrates excellent work/project planning skills,
• Is open to change and ability to manage complex, ever-changing environments.

Required Languages:

• English and Hindi

Remuneration:

• Remuneration starting at INR (Annual) 19,59,960 / 1,66,330 INR (Monthly) as per the scale depending on qualifications and experience. The remuneration is excluding 8.33% pension amount paid over and above the salary.

DisclaimerUnder US immigration law, acceptance of a staff position with UNDP, an international organization, may have significant implications for US Permanent Residents. UNDP advises applicants for all professional level posts that they must relinquish their US Permanent Resident status and accept a G-4 visa, or have submitted a valid application for US citizenship prior to commencement of employment.UNDP is not in a position to provide advice or assistance on applying for US citizenship and therefore applicants are advised to seek the advice of competent immigration lawyers regarding any applications.

United Nations Development Programme