Resident Macroeconomic Advisor

Job Posting Organization:
The International Monetary Fund (IMF) is a global organization founded in 1944 with the mission to promote international monetary cooperation, facilitate balanced growth of international trade, and provide resources to member countries in need. The IMF has a diverse workforce of over 2,700 employees from various countries, working in more than 190 member countries. The organization focuses on fostering global economic stability and growth through financial assistance, policy advice, and technical assistance.

Job Overview:
The Resident Macroeconomic Advisor position is a critical role within the IMF’s Asia Pacific Department (APD), specifically aimed at providing technical assistance in macroeconomic analysis to Pacific Island Countries (PICs). The advisor will be stationed at the Pacific Financial Technical Assistance Center (PFTAC) in Suva, Fiji, and will work closely with government institutions to enhance their macroeconomic forecasting and policy analysis capabilities. The role involves developing and implementing macroeconomic tools and diagnostics to support effective policy decision-making processes. The advisor will engage in various technical assistance projects tailored to the specific needs and capacities of the countries, which may include building and maintaining macroeconomic forecasting models and conducting analyses of key economic indicators such as equilibrium exchange rates and debt sustainability. The advisor will also be responsible for coordinating with other IMF teams and experts to ensure a cohesive approach to capacity development in the region.

Duties and Responsibilities:
The duties and responsibilities of the Resident Macroeconomic Advisor include:

• Delivering, overseeing, and coordinating technical assistance and training on macroeconomic analysis to support forecasting and policy analysis in central banks and ministries of finance.
• Maintaining regular communication with APD Division Chief and country mission chiefs to provide updates on engagements with recipient countries.
• Preparing medium-term work plans based on demand from country authorities and prioritization by country teams.
• Managing the short-term expert (STX) certification and contracting process, including preparing draft terms of reference and overseeing the STX’s work.
• Preparing required technical assistance and training documents for internal review and approval, and maintaining project updates in the CDMAP system.
• Contributing to PFTAC corporate work, including steering committee meetings, annual reports, and outreach efforts.
• Reporting on the achievement of results set out in PFTAC work plans and participating in APD Surveillance missions as needed.

Required Qualifications:
The ideal candidate for the Resident Macroeconomic Advisor position should possess the following qualifications:

• A post-graduate degree in Economics.
• A minimum of five years of relevant professional experience, with practical knowledge of the IMF's financial programming framework.
• Excellent data management and analytical skills, particularly in using MS Excel and econometric applications.
• Extensive experience in developing macro-modeling tools, especially in developing countries with limited statistical capacities.
• Proficiency in relevant software such as EViews, Matlab, Dynare, and Iris is desirable.
• Strong written and oral communication skills in English, with proficiency in Portuguese considered a plus.
• Exceptional organizational, interpersonal, and diplomatic skills, with the ability to work effectively in teams.

Educational Background:
Candidates must have a post-graduate degree in Economics, which provides the foundational knowledge necessary for understanding complex macroeconomic concepts and frameworks. This educational background is essential for the advisor to effectively engage with government institutions and provide high-level technical assistance.

Experience:
Candidates should have at least five years of relevant professional experience, ideally including roles that involve macroeconomic analysis and technical assistance. Experience as an IMF country desk economist or in delivering IMF’s technical assistance is highly valued. Preference will be given to those who have held senior or advisory positions within ministries of finance, central banks, or international financial institutions, particularly in managing and overseeing technical assistance work in macroeconomic analysis.

Languages:
Fluency in English is mandatory for this position, as it is the primary language of communication within the IMF and with the recipient countries. Proficiency in Portuguese is considered desirable but not required, which may enhance communication with certain stakeholders in the region.

Additional Notes:
The position is based in Suva, Fiji, and the selected candidate is expected to take up the role as soon as possible. The initial appointment will be for a period of one year, with the possibility of extension based on performance and ongoing budgetary needs. The IMF offers a competitive compensation and benefits package that reflects the skills and experience of the successful candidate. The organization is committed to diversity and welcomes applications from individuals of various backgrounds.