IC-Finance Modeling Specialist

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Position Title: IC-Finance Modeling Specialist
Location: India
Country: India
Deadline Date: 26-Feb-25 @ 07:00 AM (New York time)

Job Details

Job Posting Organization:
The job posting organization is UNDP (United Nations Development Programme), which is a global development network of the United Nations. Established in 1965, UNDP operates in approximately 170 countries and territories, working to eradicate poverty and reduce inequalities through sustainable development. The organization focuses on various areas including democratic governance, peacebuilding, climate change, and disaster resilience, and aims to help countries achieve the Sustainable Development Goals (SDGs). UNDP employs thousands of staff members worldwide, collaborating with governments, civil society, and the private sector to implement development solutions that improve people's lives.

Job Overview:
The IC-Finance Modeling Specialist position is a critical role within the UNDP's procurement process, specifically aimed at enhancing financial modeling capabilities. The specialist will be responsible for developing and implementing financial models that support procurement decisions and strategies. This role requires a deep understanding of financial principles, procurement processes, and the ability to analyze complex data sets to inform decision-making. The specialist will work closely with various stakeholders, including procurement teams and project managers, to ensure that financial models align with organizational goals and provide actionable insights. The position is expected to last for a period of 12 months, during which the specialist will contribute to the overall efficiency and effectiveness of the procurement process.

Duties and Responsibilities:
The duties and responsibilities of the IC-Finance Modeling Specialist include but are not limited to:

• Developing comprehensive financial models to support procurement strategies and decision-making processes.
• Analyzing financial data and trends to provide insights and recommendations for procurement activities.
• Collaborating with procurement teams to ensure financial models are aligned with project objectives and organizational goals.
• Conducting risk assessments and financial feasibility studies for proposed procurement initiatives.
• Preparing detailed reports and presentations to communicate findings and recommendations to stakeholders.
• Providing training and support to procurement staff on the use of financial models and tools.
• Continuously updating and refining financial models based on feedback and changing organizational needs.
• Ensuring compliance with UNDP procurement policies and procedures throughout the modeling process.

Required Qualifications:
The required qualifications for the IC-Finance Modeling Specialist position include:

• A strong background in finance, economics, or a related field.
• Proficiency in financial modeling and analysis, with experience in using relevant software tools.
• Knowledge of procurement processes and practices, particularly within the context of international organizations.
• Strong analytical skills and the ability to interpret complex financial data.
• Excellent communication skills, both written and verbal, to effectively convey financial concepts to non-financial stakeholders.
• Ability to work collaboratively in a team environment and manage multiple priorities effectively.

Educational Background:
The educational background required for this position includes a minimum of a bachelor's degree in finance, economics, business administration, or a related field. A master's degree or professional certification in finance or procurement is highly desirable and may be considered an asset for this role.

Experience:
The position requires a minimum of 5 years of relevant professional experience in financial modeling, analysis, or procurement. Experience working with international organizations or in a development context is preferred. The candidate should demonstrate a proven track record of successfully developing and implementing financial models that have informed procurement decisions.

Languages:
Fluency in English is mandatory for this position, as all communications and documentation will be conducted in English. Knowledge of additional languages, particularly those relevant to the regions where UNDP operates, is considered an asset and may enhance the candidate's profile.

Additional Notes:
This position is offered as an individual contractor role for a duration of 12 months. It is a full-time position, and candidates may be recruited nationally or internationally, depending on their qualifications and experience. Compensation will be commensurate with experience and in line with UNDP's policies. Interested candidates are encouraged to submit their proposals directly through the UNDP supplier portal, following the specified guidelines and deadlines.