ETC - Disaster Risk Finance /Insurance and Modeling Expert

The Extended Term Consultant (ETC) will provide senior-level technical advice and engagement support for the Disaster Risk Finance Unit's work program on disaster risk financing and insurance, insurance market development, and risk modeling. The position involves leading delivery of disaster risk finance instruments, providing actuarial and quantitative analysis, and collaborating with internal and external stakeholders to strengthen financial resilience to disaster shocks.

Responsibilities

• Lead the delivery of disaster risk finance instruments and mechanisms in countries, including sovereign risk transfer products such as parametric insurance, catastrophe bonds, and risk pooling arrangements, as well as contingent financing facilities, disaster reserve funds, and risk-based public financial management frameworks.
• Provide ad hoc actuarial and quantitative analysis to support client engagement, policy dialogue, and internal decision-making, including identifying options to strengthen financial protection across risk layers undertaking value for money analysis.
• Review and quality-assure technical outputs prepared by others, including diagnostic reports, strategy documents, financial models, and presentations.
• Curate and share knowledge on insurance market development, including key bottlenecks, global trends, insurance technology, the integration of insurance into climate risk management, relevant case studies, and financial innovations for client countries.
• Co-author policy and research notes, prepare internal guidance, develop policy and industry toolkits, and organize seminars and workshops.
• Collaborate with internal stakeholders such as IFC, MIGA, Treasury, and external stakeholders, including the Insurance Development Forum (IDF).
• Represent the CDRFI team in stakeholder consultations, interagency coordination forums, workshops, and donor dialogues, as needed.
• Perform other duties and tasks assigned by the Unit Manager.

Requirements

• Master’s degree or higher in actuarial science, economics, finance, public policy, or a closely related quantitative or development field.
• At least 12 years of relevant professional experience in disaster risk financing, sovereign risk advisory, catastrophe risk analysis, or closely related fields, including direct experience supporting governments in developing countries on risk financing programs.
• Strong knowledge of disaster risk finance instruments and mechanisms, including sovereign risk transfer products, risk pooling arrangements, contingent financing facilities, disaster reserve funds, and public financial management reforms related to disaster risk.
• Quantitative and analytical skills, including catastrophe risk modeling or actuarial analysis, are an advantage.
• Demonstrated ability to engage senior government counterparts and lead substantive policy dialogue in a development context.
• Experience working in complex institutional environments, including multilateral development banks or comparable organizations, is valued.
• Strong analytical skills and a proven record of producing high-quality technical reports, policy documents, and advisory outputs.
• Excellent communication skills, with the ability to explain complex issues clearly and produce high-quality reports and studies.
• Proven ability to manage multiple tasks effectively, set priorities independently, and deliver agreed results.
• Self-starter with a high level of initiative.
• Strong interpersonal skills and demonstrated ability to work in teams, lead small teams, and foster collaboration across organizational boundaries.
• Commitment to the highest ethical standards.
• Fluency in written and spoken English.
• Spanish or French language skills would be an advantage.

Skills

• Disaster Risk Financing
• Sovereign Risk Advisory
• Catastrophe Risk Analysis
• Risk Financing Programs
• Disaster Risk Finance Instruments
• Sovereign Risk Transfer Products
• Risk Pooling Arrangements
• Contingent Financing Facilities
• Disaster Reserve Funds
• Public Financial Management Reform
• Catastrophe Risk Modeling
• Actuarial Health Analysis
• Policy Dialogue
• Technical Report Preparation
• Quantitative Analysis
• Insurance Market Development
• Risk Modeling
• Stakeholder Engagement
• Team Leadership
• Multilateral Bank Experience

Languages

English, French, Spanish