About the Agency
This position is located in the Insurance Department of the Overseas Private Investment Corporation (OPIC). The work of the unit involves providing political risk insurance and other risk mitigation instruments; these are available to U.S. investors, contractors, exporters and financial institutions involved in international transactions. Political risk insurance can cover currency inconvertibility, expropriation and political violence, and is available for investments in new ventures, expansions of existing enterprises, privatizations and acquisitions with positive developmental benefits.
As an Insurance Project Specialist, you will perform the following duties:
* Plan, design and carry out projects and studies, personally handling unusually complex and significant issues as well as representing OPIC at the highest levels in negotiations with investors and foreign government representatives.
* Counsel prospective U.S. investors, analyze request for political risk insurance, negotiate the terms and conditions of insurance and reinsurance contracts, processing of applications and securing foreign government approval of projects and recommending approval of insurance for eligible projects.
* Review registration letters and formal applications for political risk insurance. Analyze the nature of investment, equity and loan instruments, project agreements, and related documents. Determines the level of concentration risk in the industry or country.
* Negotiate and confer with senior officials and/or counsel of the investors regarding character of investment, the appropriate insurance coverage, and provisions of the contract.
* Prepare or oversee the preparation of the insurance contract in final form, ensuring that it correctly reflects the investor's application and supplementary data, and after appropriate agency clearance, transmits it to the investor for execution and payment of fees.
* Prepare staff memoranda and papers for presentation to OPIC Management and OPIC's Board of Directors and coordinates presentations of projects for approval as required.
* Travel overseas in connection with insurance projects to: receive an orientation to the country; monitor projects; provide information on OPIC insurance; conduct special negotiations; or, deal with specific country problems.
* Participate in conferences and OPIC events, as requested, to present information about OPIC programs or to develop relationships with potential business partners.