Technical Analyst

  • Full Time
  • Serbia



Technical Analyst – Capital Investments
Belgrade, Serbia

Job Identification: 11936
Locations: Belgrade, Serbia
Posting Date: 07/07/2023, 06:49 AM
Apply Before: 07/28/2023, 09:59 PM
Degree Level: Advanced/Postgraduate Degree
Job Schedule: Full time
Agency: UNDP
Grade: NPSA-9
Vacancy Type: National Personnel Service Agreement
Practice Area: Governance
Bureau: Regional Bureau for Europe and the CIS
Contract Duration: 1 Year
Education & Work Experience: Master’s Degree – 2 year(s) experience OR Bachelor’s Degree – 4 year(s) experience
Required Languages: English and Serbian
Vacancy Timeline: 3 Weeks
Mobility required/no mobility: no mobility required

Job Description

Diversity, Equity and Inclusion are core principles at UNDP: we value diversity as an expression of the multiplicity of nations and cultures where we operate, we foster inclusion as a way of ensuring all personnel are empowered to contribute to our mission, and we ensure equity and fairness in all our actions. Taking a ‘leave no one behind’ approach to our diversity efforts means increasing representation of underserved populations. People who identify as belonging to marginalized or excluded populations are strongly encouraged to apply. Learn more about working at UNDP including our values and inspiring stories.

UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.
UNDP has been actively supporting public administration reform and public financial management reform since 2000. Activities have expanded and intensified over the years as UNDP’s relationship with the institutions established after the first democratic elections in Serbia has been strengthened, coupled with the need to modernize public sector management, and ensure a fully functional and accountable public finance management system based on the highest international standards and, since 2014, EU accession requirements.

UNDP Serbia has been supporting the Ministry of Finance of the Republic of Serbia since 2013 in capacity building for effective coordination and management, economic reforms, accession negotiations, and meeting the economic and political criteria for European Union (EU) membership. The implementation of the project “Support to Strengthen Technical Capacity and Institutional Development of the Ministry of Finance and Coordination in the Field of Economic Governance” started in 2018. In order to meet the economic and political criteria for EU membership and to create a stable economic and monetary environment, the Republic of Serbia needs to ensure further strengthening of administrative capacity and stability of its institutions. The main project activities focus on providing capacity building support and analysis of the current economic environment, as well as supporting the implementation of the fiscal risk management strategy and methodology by monitoring fiscal risks, with a particular focus on risks arising from the activities of state-owned enterprises.

The Ministry of Finance (MoF) has implemented a unique methodology – a system for managing both the planning and implementation of investment projects. Based on the unique methodology, the Government of the Republic of Serbia (GoS) adopted a new Regulation on Public Investment Management (PIM), which came into force in January 2020 and applies to all capital projects regardless of the source of financing. The new system PIM aims to strengthen existing quality controls on capital projects at both the planning and execution stages, institutionalise quality control points, and install new gatekeeping mechanisms, such as investment pre-selection, resolution of dormant projects, and ex-post evaluation.

The new system should ensure the development of a unified mechanism for all investments, regardless of the source of financing, to ensure a more active role for the Ministry of Finance in preparing and monitoring investments.

In April 2019, the state established the Capital Investment Commission (CIC), chaired by the Serbian Prime Minister, as the central decision-making body for investment projects, as provided for in the new decree PIM. The new PIM system will also be strengthened by the establishment of the Public Investment Management Unit (PIM) in the Ministry of Finance, which will deal with the planning and monitoring of capital investments and report directly to the CIC.

As one of the most important capital investment projects, the construction and development of the site in Belgrade planned for EXPO BELGRADE 2027 represents one of the main priorities of the Serbian government. Considering the importance of EXPO BELGRADE 2027, the Serbian government has allocated substantial financial resources within its budget for the implementation of this capital investment project. As it is an event of great strategic importance for the Republic of Serbia, EXPO BELGRADE 2027 has been declared a project of national interest for the country. Considering Serbia’s strategic location as a major transportation hub in Europe, connecting several important international highways, the said project will further strengthen Serbia’s economic prospects, as well as its image as one of the fastest growing economies in Europe.

In this context, by hosting EXPO in Serbia and sharing advanced technologies, cultures, social issues and visions of individuals, the international participants will be able to send an important message not only to the Serbian public, but also to the audience in the rest of the region of Southeast Europe, reaching a fast-growing market of over 400 million people.

In view of this, the Ministry of Finance has started implementing the measures foreseen in the relevant policy documents, such as the methodology for monitoring public investments, and needs external support for their implementation. Considering this, UNDP is seeking for a Technical Analyst – Capital Investment to support the implementation of the project.

Duties and Responsibilities

  • To provide expert advice to the Ministry of Finance in the process of rationalization of capital markets operations from the legal perspective.
  • To provide legal advice to the Ministry of Finance, Fiscal Risks Monitoring Department, in the process of implementation and revising the regulatory documentation in relation to the PIM monitoring.
  • To provide legal advice to the Ministry of Finance, and its relevant institutions, in drafting and implementation of relevant bylaws in line with changes to the Fiscal risks Methodology.
  • Ensure facilitation of public hearing and consultations on all regulatory and strategic recommendations in respect to the risks arising from PIM projects.
  • To provide legal and project management expertise related to fiscal risks arising from PIM projects.
  • To maintain good cooperation and coordination between national counterparts, project partners, relevant stakeholders, and actively participate in / coordinate meetings, training sessions, conferences, and public promotion of projects.

nstitutional Arrangement

The Technical Analyst – Capital Investments will work under the overall guidance and supervision of the Technical Advisor – Delivery Unit Coordinator.


Core Competencies

  • Achieve Results: LEVEL 1: Plans and monitors own work, pays attention to details, delivers quality work by deadline
  • Think Innovatively: LEVEL 1: Open to creative ideas/known risks, is pragmatic problem solver, makes improvements
  • Learn Continuously: LEVEL 1: Open minded and curious, shares knowledge, learns from mistakes, asks for feedback
  • Adapt with Agility: LEVEL 1: Adapts to change, constructively handles ambiguity/uncertainty, is flexible
  • Act with Determination: LEVEL 1: Shows drive and motivation, able to deliver calmly in face of adversity, confident
  • Engage and Partner: LEVEL 1: Demonstrates compassion/understanding towards others, forms positive relationships
  • Enable Diversity and Inclusion: LEVEL 1: Appreciate/respect differences, aware of unconscious bias, confront discrimination

Cross-functional and Technical Competencies

  • Business Direction & Strategy – Strategic Thinking
      • Ability to develop effective strategies and priority plans in line with UNDP’s objectives, based on the systemic analysis of challenges, potential risks and opportunities; linking the vision to reality on the ground, and creating tangible solutions
      • Ability to leverage learning from a variety of sources to anticipate and respond to future trends; to demonstrate foresight in order to model what future developments and possible ways forward look like for UNDP.
  • Business Direction & Strategy – System Thinking
      • Ability to use objective problem analysis and judgement to understand how interrelated elements coexist within an overall process or system, and to consider how altering one element can impact on other parts of the system
        Business Development – Knowledge Generation
        Ability to research and turn information into useful knowledge, relevant for context, or responsive to a stated need
  • Business Management – Results-based Management
      • Ability to manage programmes and projects with a focus at improved performance and demonstrable results
  • Finance – Finance business partnering
      • Able to support business units and add value by innovating and providing solutions to financial issues/queries, including through FAQs, financial tools, advisory, etc. Influences and appropriately challenges non-finance colleagues for whom the service is being provided. Understands the operations, opportunities and challenges of the organization. Holds a commercial outlook, demonstrating accountability towards organizational goals.
  • 2030 Agenda: Engagement & Effectiveness – Strategic Policy Engagement
      • Economic forecasting
  • Ethics – Ethical Implications of Policy Development
      • Consult on the ethical implications within all policy development and standard setting.

Required Skills and Experience


  • Advanced university degree (Master’s degree or equivalent) in finance, economics, law, organizational science or related field.
  • A first-level university degree (Bachelor`s degree) in finance, economics, law, organizational science or related field in combination with an additional 2 years of qualifying experience will be given due consideration in lieu of Master`s degree.


  • Minimum 2 years (with Master´s degree) or 4 years (with Bachelor´s degree) of progressively responsible work experience in legal sector and/or project management.
  • Experience in project management and legal affairs is an asset.
  • Experience in project management is an asset.
  • Experience in working in Serbia’s political, institutional, and socio-economic situation is an asset.
  • Experience in providing legal advisory services is an asset.


  • Excellent knowledge of written and spoken Serbian and English is required.


  • Ability to deliver results when working under pressure and within changing circumstances.
  • Excellent writing/reporting and presentation skills.
  • Excellent interpersonal, networking and team building skills.
  • Strong oral and written communication skills.
  • Client oriented: establishes and maintains productive partnerships with clients by gaining their trust and respect; identifies clients’ needs and matches them with appropriate solutions; monitors ongoing developments inside and outside the clients’ environment in order to keep them informed and to anticipate problems; keeps clients informed on regular basis of progress or setbacks in projects.
  • Good organizational and time management skills.
  • Demonstrates integrity by modelling ethical standards.
  • Focuses on impact and results for the client and responds positively to critical feedback.
  • Builds strong relationships with clients and external actors.
  • Treats all people fairly without prejudice regardless of cultural, gender, religion, race, nationality and age sensitivity and adaptability.


The position is Belgrade based. Official travels might be requested to perform the functions.

The following documents shall be required from the applicants:

  1. Personal CV or P11, indicating all past positions held and their main underlying functions, their durations (month/year), the qualifications, as well as the contact details (email and telephone number) of the Candidate, and at least three (3) the most recent professional references of previous supervisors. References may also include peers.
  2. A cover letter (maximum length: 1 page) indicating why the candidate considers him-/herself to be suitable for the position.
  3. Managers may ask (ad hoc) for any other materials relevant to pre-assessing the relevance of their experience, such as reports, presentations, publications, campaigns or other materials.

Special consideration:

As this position is under National Personnel Services Agreement (NPSA) modality, only applicants with Serbian nationality or valid working permit in Serbia will be considered for the vacancy. The selected candidate will be subject to a Government security check prior to signature of contract.


Applicant information about UNDP rosters
Note: UNDP reserves the right to select one or more candidates from this vacancy announcement. We may also retain applications and consider candidates applying to this post for other similar positions with UNDP at the same grade level and with similar job description, experience and educational requirements.

UNDP has a zero-tolerance policy towards sexual exploitation and misconduct, sexual harassment, and abuse of authority. All selected candidates will, therefore, undergo rigorous reference and background checks, and will be expected to adhere to these standards and principles.
UNDP is an equal opportunity and inclusive employer that does not discriminate based on race, sex, gender identity, religion, nationality, ethnic origin, sexual orientation, disability, pregnancy, age, language, social origin or other status.

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