Job Opportunity for Insurance and Banking Business Analyst at UNDP in New Delhi

Website UNDP

UNDP has been working in India since1951 in almost all areas of human development. Together with the Government of India and development partners, we have worked towards eradicating poverty, reducing inequalities, strengthening local governance, enhancing community resilience, protecting the environment, supporting policy initiatives and institutional reforms, and accelerating sustainable development for all.

With projects and programmes in every state and union territory in India, UNDP works with national and subnational government, and diverse development actors to deliver people-centric results, particularly for the most vulnerable and marginalized communities. As the integrator for collective action on the Sustainable Development Goals (SDGs) within the UN system, we are committed to supporting the Government of India’s national development vision and priorities and accelerating the achievement of the SDGs for the people and the planet.

Our new Country Programme (2023-2027) builds on our prior work and aims to provide an integrated approach to development solutions in three strategic portfolios:

  • Strong, accountable and evidence-led institutions for accelerated achievement of the SDGs
    Enhanced economicopportunities and socialprotection to reduceinequality, with a focus on the marginalized
  • Climate smart solutions, sustainable ecosystems and resilient development for reduced vulnerability
  • South-South cooperation, gender equality and social inclusion are promoted across the pillars. The programme is supported by a framework of renewed partnerships and blended finance solutions, strategic innovation and accelerator labs, and data and digital architecture.

You are invited to join a team of future-smart development professionals to support India in achieving the national and globally agreed goals. As part of the UNDP team, your focus will be to work with diverse stakeholders to find country-specific solutions that lead to sustainable development and reach those furthest behind first.

More than half of all livelihoods in India is primarily dependent on agriculture. A massive 54.6% of the total workforce is engaged in agricultural and allied sector activities and 57% of the rural households are directly dependent on agriculture for their livelihoods. However, the agricultural sector is facing various challenges like small landholding, declining productivity, rising input costs, declining farm income, the adverse impact of climate change, and decline in the percentage share of workers engaged in the agriculture sector. Agricultural production shocks have huge social and financial repercussions, impacting rural income levels, Gross Domestic Product (GDP) and poverty rates.

  • The Government of India’s flagship schemes Pradhan Mantri Fasal Bima Yojana (PMFBY) and KCC/MISS have become important tools to strengthen the resilience of Indian farmers.
  • The schemes ensure maximum benefits for the farmers by providing financial risk protection against natural calamities and catastrophic events including pests, climate uncertainties and environmental shocks. Apart from providing comprehensive risk coverage for the entire crop cycle, PMFBY also enables direct claim transfer into farmers’ accounts through e-remittance. Additionally, to address agrarian distress, Kisan Credit Card/ Modified Interest
  • Subvention Scheme (MISS)was introduced by the Government of India to provide cheap and hassle-free credit for millions of farmers and to ensure continued investment into agriculture to bring in mechanisation, modernise agriculture practices and eventually enhance productivity.

UNDP’s Country Programme Document (2023-2027) intended outcome 2 states that “By 2027, people will benefit from and contribute to sustainable and inclusive growth through higher productivity, competitiveness and diversification in economic activities that create decent work, livelihoods, and income particularly for youth and women”. UNDP leverages its expertise in systems strengthening to support the Ministry of Agriculture through setting up of Central Program Management Unit (CPMU) for the implementation of PMFBY and KCC,to improve institutional and programme responsiveness, increase coverage and better access among marginalised and excluded farm households, offering innovative measures and support mechanisms for Agri-value chain financing, risk management and reduced crop loss for the rural population in India. The  PMU will also focus on providing Capacity Building and Training support to participating state-level government departments involved in PMFBY and KCC and advancing the scheme among new states for improved uptake.

Duties and Responsibilities

Insurance & Banking Business Analyst – 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.

  • Perform credit need based modelling and determine the optimum delivery cost and sustainable interest intervention structures.
  • Provide other necessary information and statistical inputs related to farming and crop production, including government support and subsidies needed.
  • Liaising with the Lead Banks to follow the best practices in the industry for credit need assessment and service delivery.
  • Collate and analyse data related to cultivated areas, production and yield of key crops, types of soils, percentages of agriculture under irrigation and rainfed, vulnerability of crops to weather and climate risks, farming system and types, and income levels of farmers.
  • Undertake crop modelling and prioritization for the crops requiring credit facility and assist the Agri Finance and R&D Specialist product specialists in selecting farming areas for piloting.
  • Develop a database on crop financing and agri-value chain financing, interest subsidy management, Digitized Land Record database, Crop and agri-value chain credit requirement analysis, etc. that can process and generate reports to monitor credit take-up and supervise agri financing operation.
  • Provide training to concerned users on how to utilize the database in generating required information.
  • Provide maintenance services and troubleshoot when problems occurred.
  • Work closely with the Specialist Non-
  • Life Actuary and Crop Insurance& R&D Specialist on credit facility.
  • Provide timely inputs for the timely submission of all progress reports and presentations as may be required by UNDP, the Ministry of Agriculture.
  • Create effective, visually engaging presentations within constraints of project deadlines.
  • Perform any other task consistent with the level of the post and/or assigned by the National Programme Director– PMU.

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 competencies:

Digital & Innovation       

Data analysis: Ability to extract, analyse and visualize data (including Real-Time Data) to form meaningful insights and aid effective decision making

Digital & Innovation       

Data privacy and digital ethics: Knowledge of ethical usage of digital technology (e.g. AI, robotics, automation) and data. Ability to assess ethical implications when using, combining or sharing data, when building or implementing AI systems, and when advising on robotisation and automation etc. Ability to design privacy protocols to ensure data is protected and used for legitimate purposes without unnecessary privacy risks.

Digital & Innovation       

Data engineering: Ability in programming languages such as SQL, Python, and R, be adept at finding warehousing solutions, and using ETL (Extract, Transfer, Load) tools, and understanding basic machine learning and algorithms.

Digital & Innovation       

Data governance: Knowledge of  data   science,   skills  to   develop   data management tools, organize and maintain databases and operate data visualization technologies

Business Management  

Working with Evidence and Data: Ability to inspect, cleanse, transform and model data with the goal of discovering useful information, informing conclusions and supporting decision-making.

Digital & Innovation       

Data literacy: Understand the potential as well as the limitations of using data driven innovation; Ability to use a mix of data sources (quantitative, qualitative or real-time techniques) to develop understanding, identify patterns to inform decision making or identify opportunities for further exploration.

Business Direction & Strategy     

System Thinking: Ability to use objective problem analysis and judgement to understand how interrelated elements coexist within an overall process or system, and to consider how altering

Required Skills and Experience

Education:

  • Advanced university degree (Master’s degree or equivalent) in Statistics/ Economics / Business Analytics/ Business Administration is required, or
  • A first-level university degree (bachelor’s degree) in Statistics/ Economics / Business Analytics/ Business Administration in combination with an additional two years of qualifying experience will be given due consideration in lieu of the advanced university degree.

Experience:

  • Up to 2 years (with Master’s degree) or minimum 2 years (with Bachelor’s Degree) of demonstrable experience in analysing large datasets, specifically related to non-life insurance sector.
  • High level of proficiency in preparing presentation and creative visualization.
  • Additional years of demonstrable experience in analysing large datasets, specifically related to non-life insurance sector.
  • Relevant    Experience    at    the    national    level    working    with Governments and private entities in the insurance sector.
  • Two to four years of experience in the field of crop insurance.
  • Relevant experience of working at the national level with Government and/or Private Entities, in the insurance and/or reinsurance sector.
  • Progressively responsible roles in providing strategic inputs to senior management for new projects to achieve organizational objectives.
  • Proven experience in working with and managing projects with multiple stakeholders including Central and/or State Government/national/ international/ public private organizations.
  • Strong integrity and ethical standards.
  • Promotes the Vision, Mission, and Strategic Goals of the organization.

Job Knowledge/ Technical Skills:

  • 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.
  • Broad based knowledge across cross cutting thematic areas such risk management, current rural insurance and finance schemes, outreach to insurers and implementing agencies, procurement procedures, environmental and social safeguards.
  • Knowledge of legislative, legal and regulation structure in place with respect to crop insurance in India, will be an advantage.
  • Demonstrates substantive and technical knowledge to meet responsibilities and requirements of the post with excellence.
  • Knowledge and capability to handle strategic planning, results- based management, and reporting.
    Communication Skills:

Good communication skills.

  • Ability to carry out research and communicate strategic advice that guides decisions on strategic programme directions.
  • Ability to tailor and present information to diverse audiences using a variety of communication delivery methods (e.g., written, electronic, oral, interpersonal), including 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.

Management Skills:

  • Demonstrated skills in connecting with a wide range of stakeholders viz. insurance agencies, farmer organisations, state agencies, etc.
  • 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.
  • Ability to consistently deliver results (both individual and as part of a team), even under difficult circumstances.
  • Demonstrates excellent work/project planning skills.
  • Openness to change and the ability to manage complex, ever- changing environments.

Additional:

  • Candidates with prior experience in managing team of 4-5 persons, will be preferred.
  • Candidates with prior experience of providing technical advisory services in the insurance sector, will be preferred.

Required languages: :

  • Excellent oral and writing skills in English and Hindi

Remuneration starting at INR (Annual) 14,35,933 / 1,19,661 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.

To apply for this job please visit estm.fa.em2.oraclecloud.com.