Senior Invesment Specialist

Senior Investment Specialist
Short Term Consultant

Background

The World Bank is helping to
strengthen national efforts to reduce poverty and vulnerability by supporting
the Government of Indonesia in making informed and evidence-based policy and
program decisions. Support is channeled through a multi-donor trust fund, the
Partnership for Knowledge-based Poverty Reduction, in three ways: i) providing
poverty analytics and building analytical capacity to inform poverty and social
protection policies, programs and strategies; ii) supporting the government in
the design, implementation and evaluation of key poverty and social protection
programs; and, iii) improving the quality and accessibility of data required
for poverty analysis and policymaking. This trust fund is used to provide
technical assistance and policy advice, carry out analytical work, and provide
grants to non-government think tanks and research institutions.
 Under this program, the World Bank is helping
the government to implement its vision for a national social security system
covering all Indonesians.  The system
will include universal coverage for health, pension, old age savings, death
benefits and work accident.  As part of
this effort, the Bank is helping the government to: i) design and price the new
social security programs; ii) transform existing social insurance institutions
into national social security administrators; iii) establish a strong system of
governance, oversight, supervision and control; iv) establish robust
contribution collection systems and issue unique identification numbers to all
system members.  The Bank is also working
with the government to help it establish the capacity to manage program risks and
finances to assure the programs remain solvent and are fiscally sustainable.

Job description

The primary objective of the Senior Investment Specialist is to
assist the government with the development of investment policies, procedures
and regulations meeting international standards of best practice for BPJS Ketenagakerjaan
(national social security administrator managing SJSN employment programs) and
for the social security funds that they manage.    The
consultant will work directly with senior government counterparts in support of
the team’s effort to assist the government of Indonesia with implementation of
the national social security system under Law No. 40/2004 (the SJSN law) and
Law No. 24/2011 (the BPJS Law)

Main Duties and Responsibilities:

The consultant will work with the social protection practice team and
others on all accounting aspects of the Bank’s social protection program,
focusing initially on:
* Assisting the government with investment policies and procedures, and the drafting of investment regulations under the national social security system (SJSN) and social security administrative bodies (BPJS).
* Working with Bappenas, the National Social Security Council (DJSN), the Ministry of Manpower and Transmigration, the Ministry of Finance and PT Jamsostek on investment aspects of the SJSN employment programs
* Assisting DJSN and PT Jamsostek with the development of an appropriate investment policy statement, strategic asset allocation, and rules for the hiring, performance review and termination of investment managers
* Assisting DJSN and PT Jamsostek with the drafting of regulations that implement international best practice in the management of assets for the four social insurance funds managed by BPJS Ketenagakerjaan

The primary responsibilities of the Senior Investment Specialist are
to:

* Build and sustain effective relationships with senior government officials, line ministries, project implementation units, international development partners and think tanks
* Participate in the policy dialogue on investment of social security fund assets
* Participate in meetings with senior government officials and project implementation units, prepare Power Point presentations and make presentations as required
* Prepare analytical reports for the team leader and the government
* Contribute substantively to advisory work in social protection, and provide inputs to cross-sectoral studies, government strategies, etc.
* Serve as an expert in investment aspects of social protection programs in Indonesia·
* Work
with government officials to gather and analyze investment rules and
regulations, examine international best practice and develop tailored
investment rules for each of the social security funds.
* Coordinate
closely with the other teams in the World Bank to identify potential linkages
between other programs and their investment rules to assure consistency in the
application of investment policies, practices and procedures among similar
programs. The selected candidate will function similarly
to staff with priorities and outputs expected to change to fit counterpart
demands and priorities.  Output will
generally consist of just-in-time memoranda, assistance with development of detailed
investment rules and regulations for BPJS Ketenagakerjaan and for each of the
social security funds it manages, comments on draft regulations and technical
documents prepared by the government, analysis of domestic and international
experience, and inputs to reports, Policy Notes, and Power Point presentations.

Selection Criteria

This position will be a local hire.  It requires an individual with maturity, good judgment and the ability
to work well with teams within the Bank and with senior government
officials.  Key requirements for this
position include:

·         A
master’s degree or equivalent in a relevant discipline
·         Certified
Financial Analyst (CFA)
·         Expertise
in social security fund investment policies and procedures, particularly with
regard to pension funds
·         Minimum
of fifteen years of relevant work experience. Previous experience with the
government, or donor/multi-lateral development agency projects would be highly
advantageous
·         Familiarity
with development, political, social and cultural issues in Indonesia
·         Excellent
interpersonal skills. Demonstrated ability in managing relationships with senior
Indonesian government officials, local organizations and donor agencies is
highly desirable
·         Excellent
English writing and speaking ability
·         Function
well independently and have the ability to professionally represent the Bank,
handle multiple tasks, meet changing priorities and deliver high-quality
analysis and work on-time
·         Ability
to work as a member of a multi-professional team

The
World Bank Group is committed to achieving diversity in terms of gender,
nationality, culture and educational background.  Individuals with disabilities are equally
encouraged to apply.  All applications
will be treated in the strictest confidence.

The successful candidate
for the Senior Investment Specialist position will be offered a Short Term
Contract (STC) for 150 days.The
Consultant will be based in Jakarta. The expected start date is late February, 2013. The Consultant will report on a
day-to-day basis to Senior Social Protection
Specialist and will work closely with
the Social Protection team and work as a part of the Human Development network
located in the World Bank Office Jakarta. The consultant will also work with the
Public Sector Management and, as needed, with the Poverty Cluster within the
Poverty Reduction and Economic Management (PREM) network in the World Bank
Office Jakarta. S(he) will also report to the Country Sector Coordinator
for the Human Development Network.

To apply, please submit a CV (no more than 2-sides
long) and cover letter by email to jobsindonesia@worldbank.orgwith the subject “Senior Investment Specialist
Application”no later than February 4th 2013.