Non-Life Actuary Analyst

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About the Organization

As the United Nations lead agency on international development, UNDP works in 170 countries and territories to eradicate poverty and reduce inequality. We help countries to develop policies, leadership skills, partnering abilities, institutional capabilities, and to build resilience to achieve the Sustainable Development Goals. Our work is concentrated in three focus areas; sustainable development, democratic governance and peace building, and climate and disaster resilience.

 Job Description/Responsibilities

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.

Education Qualification/Required Skills & Experience

• 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´s degree.

Experience:

• Minimum 2 years (with Master´s degree) or 4 years (with Bachelor´s 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

For more information please check the Link

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