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Senior Fiscal Economist (Research and Policy Review) (GMG/SEG 3)
Job SummaryApplications are being invited from suitably qualified candidates to fill the position of Senior Fiscal Economist(Research and Policy Review) in the Economic Management Division of this Ministry.
The incumbent has responsibility for conducting fiscal research and developing and evaluating fiscal policy aimed at achieving Government's objectives. In addition, the incumbent will contribute to the drafting of major sections of the bi-annual Fiscal Policy Paper (FPP) and manage the attendant communication programme and consultation initiatives.
- Conducts analytical and research work in the area of fiscal policy and related topics of immediate and long-term relevance to the achievement of the Government’s objectives notably in respect of practicable means to support Jamaica’s fiscal performance;
- Prepares research papers and related reports on fiscal policy;
- Reviews all research data prepared by direct report to ensure consistency and accuracy prior to submission;
- Reviews all research and policy reports emanating from direct report.
- Conducts Debt Sustainability Assessments (DSA) and formulates recommendations regarding optimal levels for debt and financing:
- Undertakes analytical work in the development of debt and financing targets;
- Conducts DSA in collaboration with DMB and other key agencies:
- Compares the DSA results with previous and DSA results from other agencies such as the IMF;
- Reviews and formulates recommendations regarding appropriate debt targets and the attendant financing plan and primary balance requirements.
- Analyzes and assesses gaps between baseline fiscal projections and target values (as per the legislated Fiscal Rules) or from the DSA results in light of the sensitivity and stress test analyses;
- Formulates alternative options to address these gaps keeping in mind other government policies and undertakings;
- Develops and documents a recommended set of measures and rationale;
- Evaluates policy impact and recommends necessary revision
- Consults with various internal and external stakeholders on issues of fiscal risks;
- Develops and maintains Fiscal Risks Module;
- Drafts Fiscal Risks Statement for the bi-annual FPP.
- Internal and external assumptions for the fiscal and macroeconomic frameworks;
- Risk factors to the fiscal, real, external and financial sector forecasts;
- Policies designed to achieve macro-fiscal targets;
- Macro-fiscal data issues and articulation of data improvement work plans;
- Issues related to monetary-fiscal policy coordination
- Drafts reports for presentations to groups within and outside of Government that explain the Government’s macroeconomic objectives and policies;
- Drafts reports for presentations on fiscal 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.
- Develops/identifies risk assessment tools and techniques and applies same to the fiscal policy process:
- Represents the Fiscal 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. Supports the Secretariat function for the TIAMFWG, including preparation for meetings, agenda items and performance of Secretariat function, when required. Issues will cover:
- Supports the Ministry’s consultations and communication strategy and nurture productive relationships with various Jamaican institutions, private sector, other interest groups, ratings agencies and international financial institutions:
SPECIFIC KNOWLEDGE & SKILLS:
- Sound practical knowledge of macroeconomics, public sector economics and attendant quantitative tools;
- Sound knowledge of the process, methods and tools used in fiscal forecasting, stress testing baseline solutions and impact analyses;
- Excellent knowledge of the processes, methods and tools used in undertaking fiscal research;
- Sound knowledge of the process, methods and tools used in the preparation of Debt Sustainability Assessments;
- Thorough knowledge of the processes, methods and tools used in measuring, assessing, mitigating and reporting fiscal risks;
- Good knowledge of fiscal and economic history of Jamaica and context for current situation;
- Sound knowledge of financial administration legislation, particularly in respect of fiscal rules and associated fiscal targets and commitments.
- Excellent 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;
- Pressured working conditions with numerous critical deadlines
- Masters degree in Economics, Public Finance, or equivalent;
- Four to five years’ experience in economic policy design and implementation and quantitative research/analysis
- Bachelor’s Degree in Economics, Public Finance, or equivalent; Seven years’ experience in economic policy design and implementation and quantitative research/analysis
- Salary: $2,097,527-$2,493,300 per annum
- Travelling Allowance: $707,448 per annum
Please note that only short listed applicants will be contacted