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Macro Economist (GMG/SEG 2)

Date Posted
7th September 2017
Reference
VAC-26821
Sector
Accounting & Finance, Consulting & Project Management, Government & Public Sector
Job Type
Permanent
Location
Kingston
Salary
Not Disclosed

Job Summary

Applications are being invited from suitably qualified candidates to fill the position of Macro Economist in the Economic Management Division of this Ministry.

Job Description

JOB SUMMARY

The incumbent has responsibility for assisting in the reviewing, researching, analyzing and recommending macroeconomic and sector developments and policies, in addition to contributing toward drafting the macroeconomic section of the bi-annual Fiscal Policy Paper (FPP) as well as participate in the attendant communications programme and consultations initiatives.

 

MAIN DUTIES:

  • Assists in managing the execution of the research and policy review functions of the Section:
    • Contributes to analytical and research work in the area of macroeconomic, structural and sectoral policies and related topics of immediate and long-term relevance to the achievement of the Government’s objectives notably in respect of practicable means to boost Jamaica’s economic growth, productivity, employment and general welfare 
  • Actively participate in providing relevant research information and output for incorporation into the macroeconomic framework sections of budget documents and of key in-year macroeconomic monitoring documents reporting on the achievements and expectations of the Government’s economic programme:
  • Assists in providing information as required for sections of the bi-annual FPP, incorporating macroeconomic information from the BOJ, PIOJ and other local and international institutions;
  • Research and provide macroeconomic information to support and guide the Government’s team in wage negotiations and discussions with unions and other relevant bodies;
  • Contribute to preparing supporting documents and actively participate in ministry-wide discussions and decisions on information and reports to be presented to Parliament, Cabinet, internal and external committees, local and international institutions and the general public;
  • Research and provide information for preparation of briefs for the participation of the Minister, FS or members of the senior leadership team in consultations with internal and external clients;  
  • Compile and examine all relevant macroeconomic data to ensure consistency and accuracy prior to dissemination;
  • o Assists in managing the updating and maintenance of the macroeconomic datasets/dashboard and metadata 
  • Estimating single or multi-equations static or dynamic models, or general equilibrium models or micro-simulation models;
  • Assessing the efficiency and other properties of the models using advanced statistical and mathematical techniques to determine suitability for use in forecasting, impact analysis or policy analysis and research work;
  • Using the tools developed to prepare forecasts, sensitivity analyses, stress tests and impact analyses;
  • Assessing the stability of the results by subjecting baseline projections to stress tests; and develops alternative scenarios; 
  • Assists in conducting a systematic analysis of policy proposals put forward by public and private sector individuals or entities, Non-Government Organizations (NGOs), universities and other learning institutions; report the pros and cons and net benefits or costs from a macroeconomic perspective and formulate the attendant policy recommendations;
  • Assists in undertaking analyses of macroeconomic, structural and sector policy proposals generated by the policy analysis work carried out in the Section or put forward by other units or divisions or directorates of the ministry; report the pros and cons and net benefits or costs from a macroeconomic perspective and formulate the attendant policy recommendations;
  • Contributes to assessment of the gaps between baseline macroeconomic projections and target, formulation of alternative options to address the gaps bearing in mind other government policies and undertakings and putting forward a recommended set of measures for closing the gaps 
  • Participates in incorporating the input of macroeconomic information from the BOJ, PIOJ and other local and international institutions into the FPP;
  • Assists in preparing macroeconomic information to support and guide the Government’s team in wage negotiations and discussions with unions and other relevant bodies;
  • Contributes to the preparation of supporting documents and actively participate in ministry-wide discussions on information and reports to be presented to Parliament, Cabinet, internal and external committees, local and international institutions and the general public; 
  • Assists in preparing draft reports for presentations to groups within and outside of Government that explain the Government’s economic objectives and policies;
  • Contributes to the preparation of draft  reports for presentations on macroeconomic issues to be made by the FS and members of the Ministry’s leadership team to Parliamentary Committees and other consultations and forum;
  • Participates in Section efforts to foster productive relationships with the media and advanced learning institutions;
  • Participates in Section’s efforts to foster productive relationships with IFIs and other key stakeholders.
  • Support the Secretariat function for the TIAMFWG:  
    • Preparation for meetings, agenda items and performance of Secretariat function, when required. Issues will cover:  
      • Internal and external assumptions for the macroeconomic framework;  
      • Risk factors to the real, external and financial sector forecasts  
      • Policies designed to achieve macro-fiscal targets;  
      • Macro-fiscal data issues and articulation of data improvement work plans;  
      • Monetary-fiscal policy coordination matters;
  • Prepares accurate macroeconomic information and data for dissemination
  • Assists in constructing, testing, assessing and applying suitable models and other quantitative tools to assess the impact of changes in assumptions and of macroeconomic, structural or sector policies and to enable quantitative research:
  • Contributes to the development of policy recommendations designed to enhance  macroeconomic, structural and sector performance in Jamaica: 
  • Assists in the preparation of the macroeconomic framework sections of budget documents and of key in-year macroeconomic monitoring documents reporting on the achievements and expectations of the Government’s economic programme:
  • Participates in executing the Ministry’s consultation and communication strategies and nurture productive relationships with various Jamaican institutions, private sector, other interest groups, ratings agencies and international financial institutions:
  • Represents the Macroeconomic Section in the work of the Technical Inter-Agency Macro-Fiscal Working Group (TIAMFWG) and play a supporting role in its Secretariat, alongside the BOJ and PIOJ:

 

SPECIFIC KNOWLEDGE & SKILLS:

  • Working knowledge of macroeconomics, public sector economics and attendant quantitative tools; 
  • Working knowledge of the process, methods and tools used in macroeconomic forecasting, assessing the confidence interval surrounding the baseline solutions and in analyses of the impact of changes in exogenous assumptions or policies; 
  • Working knowledge of the process, methods and tools used in undertaking macroeconomic research; 
  • Excellent knowledge of the macroeconomic history of Jamaica and context for current situation; 
  • Good knowledge of financial administration legislation, including in respect of macroeconomic and fiscal targets and commitments; 
  • Working knowledge of inter-sector macro-linkages and linkages between fiscal and monetary policies; 
  • Proficient in Microsoft Office Suite (including Word and Excel) and other software required for economic and fiscal analyses and for secure database management and electronic information exchanges

 

SPECIAL CONDITIONS

  • Pressured working conditions with numerous critical deadlines

 

QUALIFICATIONS/EXPERIENCE:

  • Masters degree in Economics, Public Finance, or equivalent; 
  • Two to three years’ experience in economic policy design and implementation and quantitative research/analysis

OR

  • Bachelors  degree in Economics, Public Finance, or equivalent; 
  • Five years’ experience in economic policy design and implementation and quantitative research/analysis

 

REMUNERATION PACKAGE:

  • Salary: $1,730,109- $2,056,555per annum
  • Travelling Allowance: $707,448per annum

 

Please note that only short listed applicants will be contacted

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