Job Description
The collaboration between the insurance industry and the development sector has grown significantly over the last five years. Key initiatives, such as the Insurance Development Forum, InsuResilience Global Partnership and the Ocean Risk and Resilience Action Alliance, have evolved into significant policy and standard setting partnerships, bringing together countries, the development sector, and the private and mutual/cooperative sectors of industry. Increasingly, these partnerships are moving beyond policy to programming, with a strong focus on not only delivering insurance and risk financing solutions to countries and communities, but also on long-term transformational change of insurance markets.
UNDP’s the Insurance and Risk Finance Facility (IRFF), a flagship initiative housed within the organization’s Sustainable Finance Hub is currently working in more than 20 countries and expected to move to 50 countries by 2025. All of the IRFF work is aligned to the goals of the InsuResilience Vision 2025 which aims to cover 500 million people with insurance solutions in developing countries in the next three years.
The Insurance and Risk Finance Facility (IRFF) is UNDP’s first dedicated corporate vehicle for insurance and risk finance. The largest program the IRFF manages is the Tripartite Agreement between UNDP, the German Government, and the Insurance Development Forum (IDF), representing 10 of the world’s largest insurance companies. A key element of this agreement is the development of sovereign risk financing and inclusive insurance solutions for climate risks that target vulnerability of all types and build on community action and work by mutual and cooperative actors, alongside private-sector insurance providers, and secondly; Sovereign risk which will open up conversations between government and the private sector and explore options for finance risk, while the expertise of the insurance industry in modeling risk will be integrated within wider financial planning and management.
The UNDP Tanzania Country Office seeks to engage the services of a National Project Coordinator (Analyst) who will be responsible for Day-to-Day Administration management and delivery of the insurance/risk finance portfolio in-country, supported by the CO Programme Support Unit and Technically by the IRFF Regional Advisor throughout the life of the Programme. The Coordinator, will work closely with national stakeholders and lead on the planning of workshops and events, liaise with the insurance industry working on ISF initiatives at the country level including national monitoring, evaluation and reporting. S/he will ensure implementation mechanisms such as a technical working groups are established and meet regularly and that that all planned activities are organized in a timely manner and that they meet expected quality standards.
- Project planning and resource mobilization
- In consultation with the UNDP Country Office and Global IRFF Team S/he will undertake the work-planning process. Shall ensure that the workplan and a fully costed budget are prepared in accordance with POPP/PPM Guidelines and signed off by the Deputy Resident Representative and Team Leader of the IRFF;
- Liaise with the Finance team to ensure administrative requirements and budgets are managed and executed in a timely and appropriate manner and within UNDP and donor rules and regulations;
- Oversee the commissioning and finalization of industry/feasibility reports;
- Ensure a timely identification of risks in implementation at the national level and communication to the UNDP SMT and the global IRFF team;
- Lead the resource mobilization efforts and project development of insurance and risk finance initiatives in country.
- Communication
- Lead the communications and external engagement activities by positioning UNDP as a preeminent partner and a credible technical partner with capacity to provide Insurance and Risk Financing tools for sustainable development in Tanzania;
- Organize all relevant project workshops in a consultative manner, involving a wide variety of Insurance and Risk Finance stakeholders, including the government, private sector, NGOs, donors and academia;
- Organize bi-monthly meetings of with the Technical Advisors and Regional Specialist from the global IRFF team.
3. Management
- Support the recruitment of national consultants and experts, in close consultation with the UNDP Country Office Programme Support Unit and the IRFF Regional Specialist for S.S Africa.
- Supervise the work of national experts and coordinate with institutions to ensure outputs are delivered on time, within the set budget, and to high quality standards.
4. Project administration
- Timely and efficient projects administration according to plans and UNDP procedures:
- Prepare all payment requests, financial record-keeping and preparation of financial reports required in line with both the National Implementation and Direct Implementation financial rules and procedures;
- Maintain the budget and expenditure of projects within a portfolio, including formulation, revisions, and record keeping in ATLAS, monthly status reports, and reporting and liaising with the UNDP on budget matters;
- Support updated project information in ATLAS;
- Support project audit and facilitate access by auditors to project documentation, personnel, and institutions involved in the project;
- Support organization of HACT assurance activities, including spot checks and programme visits;
- Regularly advise Implementing Partners or Responsible Partners on HACT related issues;
- Initiate procurement actions for ICs, goods, works and services according to procurement plans;
- Compile supporting documents for procurement processes and ensure that supporting documents are complete;
- Create e-requisitions in ATLAS to initiate procurement processes, ensure the accuracy of the COA of the e-req;
- Facilitate the periodic asset, inventory and supplies verification.
5. Reporting/Monitoring & Evaluation
- Signal any delays in national deliverables compared to the workplan to the UNDP Country Office and the Global IRFF Team;
- Lead project monitoring, reporting and evaluation at national level, draft monthly and quarterly reports for review by the lead expert and submission to the global IRFF team;
- Update Country Risk Log and monitor UNDP SES Requirements;
- Prepare quarterly and Annual Progress Reports;
- Develop workshop reports for the inception workshop and all technical workshops;
- Develop briefing notes, case studies, press releases, web articles and other media products as required;
- Assist with research and write and edit sections of technical reports as required;
- Review all national level deliverables to ensure quality and consistency with the IRFF methodology.
Institutional Arrangement
The position will be embedded in the Inclusive Growth Pillar and work as part of the UNDP Tanzania Country Office. The National Project Coordinator will report to the Head of Inclusive Growth Pillar UNDP Tanzania, with a secondary reporting line to the IRFF’s Regional Specialist for S.S Africa. Throughout the project, collaboration and coordination with the rest of the UNDP IRFF’ Central team and other teams will be required.
- Master’s Degree or Bachelor’s Degree in Development Finance, Actuarial Science/insurance, Economics, business administration, Development Management, Public Policy or related fields,
- Master’s Degree (2 years) or Bachelor’s degree (4 years) of relevant working experience in the implementation of projects relevant to insurance and risk finance, sustainable finance, or financial inclusion;
- Experience in the area of insurance and risk financing, sustainable financing or financial inclusion;
- Experience in project cycle management (in particular project administration) in the public or private sector or international organizations;
- Prior experience with UNDP projects would be an asset;
- Work experience with an Enterprise Resource Planning software is desirable;
- Experience in UN organization is an asset;
- Experience in collaborating with international and national experts and institutions;
- Sound understanding of key software packages (MS Office).
Language Requirement
- Proficiency in English is required.
The deadline for submitting the application is 10 June 2022.