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Deputy Chief Financial Officer (CFO)

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Date: Jun 16, 2022

Location: Incheon, South Korea (ICN), KR

Company: Green Climate Fund

Grade: IS - 7

Deadline: 6 July 2022 (23:59 KST)

Location: Songdo, Incheon, South Korea

Salary: USD 175,600 net (plus attractive benefits, that include the following allowances (as appliable): Relocation, dependency, education assistance and home country travel

 

THE SEARCH PROCESS WILL BE MANAGED BY AN EXTERNAL RECRUITMENT FIRM

 

The mission of the Green Climate Fund is to assist developing countries to respond to climate change while bringing prosperity to their peoples.

Established in 2010, the GCF invests in transformational climate projects in the developing world. The Fund makes an ambitious contribution to global climate action and channels significant financial resources into developing countries to help build low-emission and climate-resilient societies. It is country-driven and undertakes actions which reflect the circumstances of each country concerned and its national aspirations. The GCF is a key enabler of the 2015 Paris Agreement on Climate Change.

 

We are looking to expand our team with more highly skilled and adaptable people who are driven by our mandate, people who appreciate challenges and know how to deliver and thrive in a fast moving, dynamic environment.

 

Position Objective

The Deputy CFO is responsible for the management of Finance functions under the Division of Support Services (DSS) including primary day-to-day responsibility for managing, planning and implementing all financial-related activities of the Fund. S/he will play a critical role in the Fund’s ability to scale.

 

Duties and responsibilities

Purpose

  • Lead a team of approximately 22 staff across functions on financial policy and oversight, planning and reporting, financial management and treasury;

  • Drive strategy and institutional initiatives to ensure a consistent operating platform and policies;

  • Drive financial strategies and operational controls for project programming, managing the implications to the institution, its balance sheet and commitment authority;

  • Develop and implement corporate financial strategies and instructions aligned with the strategic plan;

  • Evaluate and propose solutions for complex finance issues through agreements and various financial instruments;

  • Formulate financial and budgetary frameworks aligned with the GCF Strategic Plan.

Engagement

  • Advise the CFO/COO on broad program areas of responsibility; evaluates proposed programs, reviews new or revised policies and procedures for impact on operations;

  • Provide leadership and direction to ensure development of relevant financial information, and timely financial budgeting and planning and financial reporting;

  • Actively engage in key decision-making process; advise Senior Management Team on sound mitigation and/or corrective strategies to ensure accountability, coherence and accountability in areas of expertise;

  • Build alliances across and maintain strong relationships with senior staff to ensure cohesive programming and institutional lifecycle;

  • Advise the CFO and stakeholders on GCF’s internal control framework and provide oversight on resource planning for divisions.

Delivery

  • Advance the development of new financial products and automation strategies, managing demands on capital, and impact to facilities, staff planning and forecasting to support programming and institutional growth;

  • Support and act as focal point to the Budget Committee of the Board;

  • Lead the team towards continual improvements of workflows and operational decision-making processes, and development of transparent metrics to support data-driven insights and decisions;

  • Provide oversight on financial management performance, sustainability and risks;

  • Promote the effective and efficient financial controls;

  • Innovate financial instruments aligned with the dynamic operating environment in the Fund and in compliance with standard regulatory frameworks.

 

Required experience and qualifications*

  • Master’s Degree in Financial Management, Business Administration, Public Finance, Economics or related fields. A Bachelor’s Degree with an additional 2 years of relevant work experience may be accepted in lieu of the Master’s Degree requirement;

  • Professional qualifications in finance would be an asset;

  • At least fifteen (15) years of successful relevant work experience in progressively responsible financial management and leadership positions in similar organizations, in an international setting;

  • Experience in leading and managing large and diverse teams;

  • Ability to exercise a high degree of prudence and diplomacy;

  • Possessing excellent and highly effective communication skills;

  • Strong problem solving and creative skills as well as the ability to exercise sound judgment and make decisions based on timely and accurate analyses;

  • A strong sense of urgency and results-orientation;

  • Enhances the relevance and image of the organization in the areas managed by DSS;

  • Influencing skills—persuades, convinces, and creates buy-in for ideas and initiatives in order to advance goals and strategies;

  • Leadership—develops the vision and implements the strategy for the business area;

  • Management – engages and motivates his/her team towards continual improvement;

  • Is innovative in finding effective and efficient solutions; proven track record of process optimization and driving scalable processes;

  • Excellent written and oral communication skills in English are essential for this position; knowledge of another UN language would be an advantage.

 

*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. The above criteria should be seen as indicators of the qualifications, experience and skills that would qualify candidates for consideration. Other combinations of academic qualifications and years of experience may be considered. Selection among short-listed candidates will also take into account performance at interview, appropriate testing and references. Eligibility for certain benefits shall depend on the place of recruitment and residence, as determined by the Fund in accordance with its rules.

 

Applications from women and nationals of developing countries are strongly encouraged.