Deputy Commissioner, Macroeconomics Modelling and Forecasting

Organisation
Ministry of Finance & The Public Service
Reference
VAC-54761
Contract Type
Full-Time
Industries
Accounting & Finance
Location
Kingston
Salary & Benefits
$11,455,206 to $15,405,979 per annum
Date Posted
18/11/2024
Expiry Date
06/12/2024
The Deputy Commissioner Economic Forecasting and Analysis has the responsibility to provide independent macroeconomic analysis by interpreting complex data sets, forecasting economic conditions, and providing insights that inform business strategies.

 

 

 

KEY RESPONSIBILITIES:

Technical/Professional Responsibilities 

  • Leads the conducting of independent forecasts and analysis of the macroeconomic position of Jamaica; 
  • Forecasts the economic outlook of the country; 
  • Develops economic models to forecast market trends and assess the impact of economic policies; 
  • Oversees the construction, testing, assessment, and application of 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; 
  • Identifies and analyses market risks/market variables and their relationship with /impact on economic performance; 
  • Interprets data on production, labour market, monetary and financial sector, and international trade; 
  • Oversees the review of policy recommendations designed to enhance macroeconomic and sector performance in Jamaica: 
  • Prepares reports and presents findings to stakeholders, policymakers, or academic audiences; 
  • Oversees preparation of scenarios, impact analyses and associated macroeconomic targets; 
  • Monitors economic developments in specific sectors or regions; 
  • Contributes to policy recommendations based on economic analysis;
  • Conducts assessments of economic developments in the real, external and monetary and financial sectors; 
  • Communicates complex economic concepts and analysis to stakeholders;
  • Prepares detailed reports and position papers on critical macroeconomic issues. 

 

REQUIRED COMPETENCIES:

  • Excellent knowledge of Economics, with a strong background in Public Finance/Public Sector Economics 
  • Sound practical knowledge of macroeconomics, public sector economics and attendant quantitative tools; 
  • Excellent 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; 
  • Knowledge and understanding of the Jamaican public sector as well as international public finance; 
  • Experience in economic analysis and research; 
  • Good knowledge of results-based programme development and management
  • Strong analytical and critical thinking skills 
  • Excellent communication and interpersonal skills 
  • Excellent critical thinking, problem-solving and analytical skills 
  • High adaptability and knowledge-sharing/learning capacity 
  • High innovative thinking and ability to market new approaches 
  • Ability to work effectively on own initiative 
  • Ability to promote and maintainable stakeholder management 
  • Ability to forge useful partnerships with people across functions and organisations
  • Undisputed integrity and standing 

 

QUALIFICATION AND EXPERIENCE:

  • Master's degree in Economics, Finance or related discipline 
  • Training and experience in economic forecasting methods 
  • Seven (7) years’ experience working in public finance, economics, and related fields 

 

SPECIAL CONDITIONS ASSOCIATED WITH THE JOB:

  • Pressured working conditions with numerous critical deadlines.

 

 

We thank all applicants for the interest expressed; however, only shortlisted candidates will be contacted.

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