[ UNDP Paid Internship ] Insurance and Banking Business Analyst in India

Insurance & Banking Business Analyst – Technical Support Unit will work under the overall guidance and supervision of the National Programme Director-TSU.

Duties and Responsibilities:

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 analyze 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.

Check: 2024 Internship at the OECD Trento Centre for Local Development

1. 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
2. Experience:
   • Up to 2 years (with Master’s degree) or minimum 2 years (with Bachelor’s Degree) of demonstrable experience in analyzing 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 analyzing 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.
   • 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.
   • 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.
   • Demonstrated skills in connecting with a wide range of stakeholders viz. insurance agencies, farmer organizations, 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.
   • 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.
3. Required Languages:
   • English and Hindi
4. Remuneration:
   • 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.