Insurance Officer P4 (Underwriting)

Your privacy is important to us**DEADLINE FOR APPLICATIONS**30 April :59-GMT+01:00 Central European Time (Rome)*WFP celebrates and embraces diversity. It is committed to the principle of equal employment opportunity for all its employees and encourages qualified candidates to apply irrespective of race, colour, national origin, ethnic or social background, genetic information, gender, gender identity and/or expression, sexual orientation, religion or belief, HIV status or disability.***ABOUT WFP** The World Food Programme is the world’s largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity, for people recovering from conflict, disasters and the impact of climate change.At WFP, people are at the heart of everything we do and the vision of the future WFP workforce is one of diverse, committed, skilled, and high performing teams, selected on merit, operating in a healthy and inclusive work environment, living WFP's values (Integrity, Collaboration, Commitment, Humanity, and Inclusion) and working with partners to save and change the lives of those WFP serves. To learn more about WFP, visit our website: and follow us on social media to keep up with our latest news: , , , , , . ## ORGANIZATIONAL CONTEXT AND JOB PURPOSEThe Operational Risk Mitigation Service (INS) oversees WFP’s operational risk exposure. In coordination with relevant services, INS seeks to minimize and alleviate effects of uncertainty and maximize financial recovery in case of loss. INS develops and implements risk transfer and global insurance programmes to respond to evolving organizational needs, offering wide ranging insurance programmes.INS works with relevant services to design and implement effective risk mitigation solutions, provide pre-emptive guidance on practical loss prevention, coordinate the determination of causes of loss and damage and direct salvage reconditioning and disposal of any damaged cargo.This position is based in WFP’s Global Headquarters in Rome, Italy, and will report to the Director, Operational Risk Mitigation. Under the overall guidance of the Director, the Insurance Officer provides technical leadership and strategic advice to Global HQ Divisions and Country Offices on insurance and risk management matters, supporting the effective management of organizational risk and the development of risk financing solutions.### KEY ACCOUNTABILITIES (not all-inclusive)* Advise on the structuring and management of commercial insurance programmes, including placement, risk assessment, renewals and claims oversight, ensuring alignment with organizational risk management frameworks and advising senior management on coverage strategy and exposure.* Lead the review and assessment of insurance policies, including broker engagement, policy wordings, clauses and endorsements, providing expert advice on pricing adequacy, coverage optimization and risk exposure. Identify, evaluate and recommend innovative insurance solutions to strengthen the Captive’s risk management strategy and financial resilience.* Provide strategic advice on the underwriting and financial management of the Captive Scheme, including:• Captive pricing and reserving• Assessment of overall solvency needs and solvency management • Development of underwriting philosophy and risk strategy mapping • Oversight of risk management strategy, including maintenance of risk registers, assessment of risk appetite and insurability • Monitoring and advising on solvency capital position* Oversee the analysis of risk assessment information to identify changes in exposure, and recommend appropriate insurance coverage and risk retention or transfer measures to mitigate identified risks and support organizational risk management objectives.* Partner with HQ business units to further embed risk management practices, supporting loss prevention initiatives and ensuring alignment between insurance strategies and operational risk controls.* Regularly monitor and ensure the effective maintenance of frameworks to assess the financial impact of risks, providing timely analysis and strategic recommendations to mitigate material exposures to the Captive.* Support the design, structuring and placement of insurance solutions for Disaster Risk Financing (DRF), including parametric products and Insurance-Linked Securities (ILS). Lead coordination of selected insurance placement activities, engage with brokers and market participants, and facilitate collaboration between Insurance (INS) and DRF teams to ensure effective development and placement of disaster risk insurance solutions.* Guide and make recommendations to the design and structuring of selected indemnity insurance policies, advising on coverage terms and conditions through engagement with brokers and insurers to ensure alignment with the organization’s risk profile.* Provide strategic advice and support in the preparation and presentation of reports to oversight committees, and coordinate documentation for internal and external audits and governance bodies, including the Executive Board, providing analysis and ensuring alignment with organizational risk, compliance and governance frameworks.* Lead, motivate and develop the team by providing coaching, training and career guidance as required to ensure appropriate development and enable high performance.* Perform other related duties as required by the Operational Risk Mitigation Service.## QUALIFICATIONS & KEY REQUIREMENTS**Education**:* Master of Business Administration, or advanced university degree from a recognized university in insurance, insurance law or other related field, or First University degree with additional years of related work experience and/or training/courses such as Chartered Insurance Institute (CII) qualification or equivalent, actuarial science or professional qualification in risk management.**Experience:*** At least 8 years of post-graduate professional experience in insurance and risk management.* Experience in reserving and solvency management for insurance entities* Strong background in underwriting, pricing, and insurance program administration.* Familiarity with actuarial concepts and techniques.**Language**:* Fluency (level C) in English language.* Intermediate knowledge (level B) of a second official UN language: Arabic, Chinese, French, Russian, Spanish, and/or Portuguese (a WFP working language).**DESIRED EXPERIENCES, KNOWLEDGE AND SKILLS FOR ENTRY INTO THE ROLE*** Experience in pricing and reserving.* Experience in Overall Solvency Needs and Solvency Management.* Experience in updating and monitoring solvency capital position.* Experience and knowledge in general commercial insurance with a specialization in wordings, claims, underwriting, pricing or brokerage.* Experience and knowledge in risk management.* Excellent written communication skills for policy wordings and recommendations.* Demonstrated ability to influence key stakeholders across and beyond the organization.* Demonstrated ability to work collaboratively within the Service strengthening the performance of the team**TERMS AND CONDITIONS*** This is an International Professional position and is open to all nationalities.* Mobility is and continues to be a core contractual requirement in WFP. This position is however classified as “non-rotational” which means the incumbent shall not be subject to the regular reassignment process unless the position is reclassified as rotational. The selected candidate will be employed on a fixed-term contract with a probationary period of one year. This position is open to both internal and external candidates.* WFP offers an attractive compensation and benefits package in line with ICSC standards ( including basic salary, post adjustment, relocation entitlement, visa, travel and shipment allowances, 30
#J-18808-Ljbffr