UNCDF is the UN’s capital investment agency for the world’s 47 Least Developed Countries (LDCs). UNCDF uses its capital mandate to support LDCs pursue inclusive growth. UNCDF promotes financial inclusion, also through digital financial services (DFS), as a key enabler of poverty reduction and inclusive growth; and it demonstrates how localizing finance outside the capital cities can accelerate growth in local economies, promote sustainable and climate-resilient infrastructure development, and empower local communities. Using capital grants, loans and credit enhancements, UNCDF tests financial models in inclusive finance and local development finance; ‘de-risks’ the local investment space; and provides proofs of concept, paving the way for larger and more risk-averse investors.
Hosted by UNCDF, the Centre for Financial Health is set-up as an umbrella platform towards convening a global coalition and thought leadership. The Centre for Financial Health acts as a convener, providing a platform to bring together global, regional and local actors committed to using financial and digital solutions to improve the financial lives of low-income families—helping them climb – and stay – out of poverty. The Centre creates space for thought leadership where best financial health practices and models are exchanged and lead to concrete action with governments and the private sector.
The Centre is implementing programmes in different countries called Living Labs which support players with a combination of high quality financial, advisory and networking support to design, test and scale financial health solutions. The aim of the programmes are to improve the financial health of five million people over the next four years.
As part of this work, Malaysia is a key market for the Centre’s activities and are driven under the i3 programme funded by the MetLife Foundation. The i3 program in Malaysia is running various engagements addressing different aspects of financial behaviours that could address the needs of customers.
The objective of this assignment is to provide advisory services to UNCDF and partners to roll-out micro-savings, investment and insurance services leveraging digital solutions, to improve the financial health outcomes for the low-to-moderate income people, measured by financial resilience and security.
The Savings and Insurance Consultant will design and implement projects with partners (incumbents and start-ups) such as insurance companies, insuretech solution providers, pension service providers and others on pilots and commercial launch. All interventions will take a human-centric approach based on insights from potential and existing users, adopt rapid prototyping approaches, and have a continuous feedback loop to track commercial performance of the interventions as well as impact on target segment’s financial health.
For full details of the requiremetnts and application process, please access this link: UNCDF Jobs – 98791- Financial Health – Savings and Insurance Consultant – Kuala Lumpur (undp.org)
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