Financial Management Specialist

United Nations Development Programme, New Delhi, India

Skill Required:, Finance and Accounts
Preferred Experience: 
5 years
Closing Date for Applications: 
10th November, 2019

Job Description

Indian producers face several challenges to secure their household’s income, food provision while making an important economic contribution for the country. And one reason for the rising farm distress is crop failures and yield losses triggered by the vagaries of climate. The livelihood of a large proportion of India’s population—as the largest private enterprise with ~138 million farm families with an 18% contribution to national GDP—is at risk. Any shock on agricultural production already has social and financial repercussions for both the population and the country as a whole; it impacts rural income levels, Gross Domestic Product (GDP), and, in the worst years, poverty rates.

The Government of India’s flagship scheme Pradhan Mantri Fasal Bima Yojana (PMFBY), compensates farmers for any crop losses. The scheme insures farmers against a wide range of external risks — droughts, dry spells, floods, inundation, pests and diseases, landslides, natural fire and lightning, hailstorms, cyclones, typhoons, tempests, hurricanes and tornadoes. While the idea of insuring farmers against crop losses isn’t new, the PMFBY is an attempt to plug the gaps in the previous crop insurance schemes — the National Agriculture Insurance scheme (NAIS) introduced in 1999 and the Modified NAIS (mNAIS) introduced in 2011.

The scheme came into operation from 1 April 2016 with a Central government budget allocation of Rs 5,500 crore for 2016–17. Further, the Central government plans to bring 40 per cent of agricultural area under PMFBY in 2017–18 and, accordingly, a provision of about Rs 9,000 crore has been made in the 2017–18 budget.

Pradhan Mantri Fasal Bima Yojana promotes sustainable agriculture production through – i) financial support to farmers against crop losses due to climactic or external shocks ii) securing incomes iii) improved, modern and innovative farming practices for better yield iv) enhancing credit availability in the agricultural sector.

The Country Programme Document (2018-2022) of United Nations Development Program’s (UNDP) approved by the Government of India has defined one of its foremost programme priorities and outcomes as “Institutional and systems strengthening for service delivery” as the single most innovations to achieve last mile developmental impact. UNDP will leverage its expertise in systems strengthening to support the Ministry of Agriculture to set up a Technical Support Unit for the implementation of PMFBY, to improve institutional and programme responsiveness, increase coverage and better access among the marginalised and excluded farm households offering innovative measures for risk management and reduced crop loss for the rural population in India. The TSU will strongly focus on providing Capacity Building and Training support to the participating state-level government departments involved in PMFBY and advancing the scheme among new states for improved uptake.
Under this partnership, UNDP wishes to hire the services of an Financial Management Specialist to perform the duties below.

Summary of Key Functions: As the Financial Management Specialist, the person will be responsible for supporting the NPC-TSU in Financial management and reporting . The Financial Management Specialist will collaborate closely with project associate UNDP, the project admin focal point for all requisite submissions to be made to UNDP on a regular basis.

Duties and Responsibilities

The Financial Management Specialist will work under the guidance and supervision of the NPC – TSU. The Financial Management Specialist is responsible for: -

Financial Management:

  • Assist Joint Secretary -Credit & Co-operation in Financial Reporting to the Government of India and the UNDP and relevant agencies as may be required;
  • Assist in preparing annual work plan and keep updating them for the PMU;
  • Review annual audit reports submitted by States and other implementing agencies and provide observations and action points to be taken to the JS-Credit & Co-operatives;
  • Identify capacity building needs at the various levels and organizing training program for the same;
  • Assist in managing the project accounts during the entire project implementation;
  • Prepare annual financial statements and budgets in line with the project implementation schedule;
  • Prepare the financial statements of the program account and duly approved by the concerned authorities within the government;
  • Responsible for submitting for financial statements to UNDP in the requisite format;
  • Roll out computerized PFMS for the proper accounting and timely preparation of reports.
  • Liaison
  • Liaise relevant government agencies and all project partners for effective coordination of all project inputs;
  • Provide technical backstopping for inputs for training activities supported by the Project;
  • Provide timely inputs for the timely submission of all progress reports as may be required by UNDP, the Ministry of Agriculture;
  • Foster partnerships with key national and state government departments, and insurance regulator.
  • Support the TSU team for successful achievement of the project objectives;
  • Other tasks
  • Perform any other tasks consistent with the level of the post and/ or assigned by the Reporting Officer; NPC – TSU; Joint Secretary, DoAC&FW, MoA&FW .

Required Skills and Experience


  • Essential: Bachelors Degree in Commerce, Accounting and Finance or relevant field.
  • Desirable: Masters in Commerce or MBA Finance or equivalent from a reputed University.



  • At least 5-6 years of relevant experience in finance and accounting;
  • Experience of working with Central and/or State Governments/ international agencies/ on similar assignments will be preferred.


  • Relevant Experience at the national level working with Governments and private entities in the insurance sector
  • Prior experience of technical advisory services in the insurance sector

Language Requirements: Excellent oral and writing skills in English and Hindi


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