Individual Consultant- Econometric Modeling Specialist

Job Posting Organization:
The job posting organization is the United Nations Development Programme (UNDP), which is a global development network of the United Nations. Established in 1965, UNDP aims to eradicate poverty and reduce inequalities through sustainable development. It operates in approximately 170 countries and territories, working with governments and communities to address development challenges. UNDP focuses on various areas including democratic governance, peacebuilding, climate change, and sustainable development. The organization employs thousands of staff members worldwide, collaborating with local and international partners to implement projects and initiatives that align with the Sustainable Development Goals (SDGs).

Job Overview:
The position of Individual Consultant- Econometric Modeling Specialist involves providing expert analysis and modeling services to support UNDP's initiatives in India. The consultant will be responsible for developing econometric models that inform policy decisions and program implementations. This role requires a deep understanding of econometric techniques and the ability to apply them to real-world data to derive actionable insights. The consultant will work closely with UNDP teams to identify key economic issues, design appropriate models, and interpret the results to guide strategic planning. The position is expected to last for a period of 12 months, during which the consultant will engage in various projects that require rigorous economic analysis and modeling expertise.

Duties and Responsibilities:
The duties and responsibilities of the Individual Consultant- Econometric Modeling Specialist include but are not limited to:

• Developing and implementing econometric models to analyze economic data relevant to UNDP's projects.
• Conducting statistical analyses to identify trends, correlations, and causal relationships in economic data.
• Collaborating with UNDP staff to define project objectives and deliverables related to econometric modeling.
• Preparing detailed reports and presentations to communicate findings and recommendations to stakeholders.
• Providing technical support and training to UNDP staff on econometric methods and tools.
• Ensuring the quality and accuracy of data used in modeling processes.
• Staying updated on the latest developments in econometric techniques and applying them to enhance project outcomes.

Required Qualifications:
The required qualifications for the position include:

• A strong background in econometrics, statistics, or a related field.
• Proficiency in statistical software such as R, Stata, or Python for data analysis and modeling.
• Experience in developing econometric models and conducting economic research.
• Strong analytical and problem-solving skills, with the ability to interpret complex data sets.
• Excellent communication skills, both written and verbal, to effectively convey findings to diverse audiences.
• Ability to work independently and collaboratively in a team environment.

Educational Background:
Candidates must possess at least a Master's degree in Economics, Statistics, or a related field. A Ph.D. in a relevant discipline is preferred and may be considered an asset. The educational background should demonstrate a solid understanding of econometric theory and practice, as well as experience in quantitative research methods.

Experience:
The position requires a minimum of 5 years of professional experience in econometric modeling, economic analysis, or a related field. Candidates should have a proven track record of successfully applying econometric techniques to real-world problems, preferably in a development context. Experience working with international organizations or government agencies is highly desirable.

Languages:
Fluency in English is mandatory, as all communications and documentation will be conducted in English. Knowledge of additional languages, particularly Hindi or other regional languages spoken in India, is considered an asset and may enhance the candidate's profile.

Additional Notes:
This position is classified as an individual contractor role, which means it is not a permanent position within UNDP. The contract duration is for 12 months, with the possibility of extension based on performance and project needs. The consultant will be expected to work full-time and may be required to travel within India as part of their duties. Compensation will be commensurate with experience and qualifications, and benefits may include access to training and professional development opportunities.