Вакансія: Іnvеstmеnt Guаrantее / Polіtіcаl Rіsk Іnsurаncе Spеcіаlіst

The Financial Sector Reform Activity (FSR) in Ukraine is a five-year program funded by the United States Agency for International Development (USAID) and managed by DAI Global LLC (DAI). The purpose of the activity is to transform the country’s financial sector into a sophisticated, well-functioning, competitive market that is aligned with European Union (EU) standards and integrated into international financial systems. This transformation will mobilize private finance for sustained economic growth in Ukraine.

The FSR is looking for candidates to fill in the INVESTMENT Guarantee / Political Risk Insurance Specialist position.

 PURPOSE OF THE ROLE:

The Investment Guarantee / Political Risk Insurance Specialist will lead the FSR activities in the area of investment, insurance, and political (including war related) risk insurance. He/she will support and further develop an already initiated program of support to financial intermediaries in investment guarantees and policy dialogue with the GOU, the international financial institutions, and other interested stakeholders on what can be done to address the issue of political risk insurance. He/she will analyze and coordinate political risk insurance activities, working with international financial institutions (e.g., the US DFC, World Bank, MIGA, EBRD, IFC and others). He/she will also be responsible for FSR’s activities with the Government of Ukraine (NBU, Ministry of Economic Development and Trade, Ministry of Agriculture) and the private sector on developing the local Ukrainian political (war) insurance.

OBJECTIVES AND DUTIES:

• Lead the development of a coordinated approach to investment in Ukraine, loan guarantees, and political risk insurance and the creation of a relevant international mechanism.
• Provide technical expertise and support to the political risk insurance program development in Ukraine, initially proposed by the NBU.
• Engage and work closely with local insurers and international reinsurers to develop a concept, methodology, pricing, underwriting process, reinsurance mechanisms, brokerage services and other key elements of the political risk insurance program.
• Analyze investment needs and projects, support due diligence and other processes required for the political risk insurance coverage, cooperate with the investment promotion agencies and platforms.
• Support efforts of the US DFC to provide loan portfolio guarantees to banks operating in Ukraine.
• Support round tables on the political risk insurance, hold discussions with international finance organizations, and identify a pipeline of potential transactions/interventions for activities on the political risk insurance in Ukraine.
• Engage with donors, IFIs, international insurance companies, and the GOU on the political risk insurance mechanism development in Ukraine.
• Analyze and recommend best practices on investment and political risk insurance.
• Advise on the legislative and regulatory amendments needed for the development of the political risk insurance program, in cooperation with the FSR’s legal team.
• Manage and oversee subcontractors (international and local consultants) providing support related to investment and political risk insurance program development in Ukraine.
• Perform other related duties as required.

 QUALIFICATIONS:

• An advanced degree in one of the following areas: finance, economics, international economic relations, finance/corporate law, and audit.
• Minimum 5-7 years of professional experience in commercial banks, NBFIs, Big4, investment firms or international insurance companies.
• Successful track record in consulting experience or a leadership role in insurance, investment company, or finance with a history of building credibility and relationships with senior stakeholders.
• Expertise in insurance concepts, mechanisms, and financial risk management.
• Knowledge of Ukraine’s financial sector landscape, actors and issues, relevant government ministries, and familiarity with relevant policies and reforms are required.
• Solid and persuasive interpersonal and communication skills.
• Excellent oral and written English and Ukrainian skills.

Please submit Cover Letter and CV to [email protected] by July 12, 2023.

Only shortlisted candidates will be contacted.