Duties and Responsibilities

Direct Reporting To1: Senior Specialist Non-Life Actuary (NPSA 10)

Overall Reporting To2: National Programme Director (NPSA 11)

Reportees to this position (if applicable): N.A

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.

Required Skills and Experience

Education:

Bachelor’s Degree OR Master’s Degree in Actuarial Science or Statistics Econometrics or equivalent

Experience:

4 years’(Bachelor’ Degree) or 2 year (Master’ Degree) of demonstrable experience 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 organizations 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

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
He or she 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

Communication skills:

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

Management skills:

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.

Languages:

Excellent oral and writing skills in English and Hindi

Note: This position is open for India nationals only

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.

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