Project Officer - Private Sector Facility (Talent pool for multiple positions)

Grade: IS-1 / IS-2
Deadline: 23 February 2025 (11:59 PM KST)
Job Category: International
Salary Range:

• IS-1: USD 87,000
• IS-2: USD 96,200

Benefits: In addition to the competitive salary, eligible candidates may receive a range of allowances, including relocation, dependency, housing, education assistance, and home country travel.

Introduction
The Green Climate Fund is the world’s largest dedicated multilateral climate fund and invests in impactful, innovative, catalytic programs and projects in developing countries across the globe. The GCF has a portfolio of 286 projects across 133 countries, with a total commitment of USD 15.9 billion to date.

In 2023, an additional USD 12.8 billion was pledged, to support our new strategic and programming cycle from 2024-2027; our ambition is to grow to become at least a USD 50 billion fund by 2030. Rooted in the core objectives of impact and efficiency, access and a focus on the most vulnerable, and mobilizing a much higher scale of public and private sector financial flows for climate action we have an unparalleled scale of resources, which, together with our risk appetite and flexibility allows us to bring together different partners and stakeholders in innovative partnerships for profound impact. 

GCF is seeking a top-tier individual with a demonstrable track record of harnessing experience, energy and networks to tackle complex global climate change challenges. You will be committed to making a positive, measurable difference through a mission-driven role, and thrive in a fast-paced, diverse environment.  

You will be able to quickly scan and analyze complex, competing issues and lead significant sized teams to find solutions in evolving contexts, across multiple geographic locations. 

You will be a nurturer of people: recognizing and growing the talent around you, exemplifying values of transparency, respect and innovation.

You will be committed to learning, knowledge-sharing, convening and communicating with partners to work together to ideate, develop and implement climate action initiatives that make a profound difference to people and planet.

You will join a team of talented, committed individuals representing almost 80 nationalities contributing skills and experience from academic, scientific, private, government and nonprofit backgrounds.  Together, we work with governments, communities and civil society, technical agencies, and the private sector across the world.

Interested in more information? 
Learn about working for GCF: https://www.greenclimate.fund/about/careers 
View current vacancies: https://jobs.greenclimate.fund/

About the Green Climate Fund (GCF)
Set up in 2010 by the 194 countries who are Parties to the United Nations Framework Convention on Climate Change (UNFCCC), GCF takes its responsibility as the world’s largest dedicated multilateral climate fund to heart.  GCF funds transformative climate projects across the developing world, supporting countries in their responses and actions to tackle climate change while fostering sustainable development within their communities. 

Our country-driven approach ensures that our actions are tailored to the unique circumstances and national aspirations of each nation we support. Besides channeling public and private sector investment through a broad range of financing instruments, GCF builds the capacity of developing countries to take climate action through an extensive Readiness Programme ensuring countries are increasingly well-equipped and financed to manage their climate futures.

Headquartered in the Republic of Korea, GCF operates with a diverse and talented workforce of over 300 people. 
 

"This is a talent pool announcement for IS1 and IS2-level positions. Candidates who meet the majority of the qualifications but do not fully meet the educational or total full-time work experience requirements for the IS2 level may be considered for an IS1-level position at the discretion of the hiring manager or Division Director."

Position Objective

The Project Officer, as part of the Private Sector Facility (PSF), will be responsible for undertaking a range of proposal cycle administrative, operational and analytical tasks necessary for meeting the private sector targets of the GCF. The candidate is expected to provide technical, analytical and operational support within an integrated approach to programming which may include a combination of country engagement, proposal for Board consideration and portfolio implementation in GCF’s private sector. 

Purpose 

• Contribute to achieving the Fund’s private sector strategy and overall strategic objectives for increasing the share of PSF proposals in GCF portfolio and increasing private capital mobilization for climate action; 
• Provide operational support in pipeline development, proposal development and review, and portfolio monitoring of PSF transactions;
• Provide analysis on key aspects of a proposal and its alignment with the Fund’s strategic objectives as well assess the risks; 
• Perform financial modelling and analysis to support decision making for financial structuring, tracking and reporting; 
• Develop report on financial parameters and prepare reports as needed for PSF leadership review;

Engagement

• Liaise with domain-level specialists such as risk, legal, environment and social safeguards and gender within GCF to obtain their specific inputs on Funding Proposals and Readiness proposals and work with third-party advisors and consultants;
• Gain market intelligence on trends of climate finance including central banks, non-banking financial institutions, and supervisors, and help promote awareness of the Fund’s offering in the marketplace as well as develop effective relationships with new and existing partners;
• Collaborate with other relevant divisions (Legal and Risk&Compliance among others) in building and managing financial models, reviewing, drafting and negotiating term sheets with AEs, and preparing assessment notes for investment committees; collaborate effectively with Regional Teams to strengthen upstream engagement with NDAs, accredited entities (AEs) and relevant stakeholders;
• Conduct market research, data collection and analysis of financial model to guide accredited entities in strategic utilization of GCF’s financial instruments for proposed project;

Delivery

• Coordinate and support country engagement 
• Coordinate delivery of proposal reviews and assessments to counterparties and internal stakeholders in a timely manner; 
• Support the post-approval FAA process as well as other aspects of implementation including but not limited to monitoring/evaluation/reporting, disbursement of funds and amendments to legal agreements as necessary. 

Requirements (Education, experience, technical competencies required of the job)

• Master’s degree in a relevant finance field; MBA / CFA / Professional Designation and /or project management certification for financial sector is preferred; Bachelor's degree in similar fields with an additional two years of relevant experience may be considered in lieu of the Master’s degree requirement.
• At least 2 years of full-time work experience for IS1 level; 4 years for IS2 level in climate finance, structured finance, investment banking, impact investing, corporate banking, asset management or related fields; Experience or knowledge in the area of climate change (mitigation, adaptation, climate finance and climate policies) is advantageous;
• Understanding of the different financial tools – equity, debt, guarantees and grants is mandatory;
• Evidence of intermediate / high proficiency in financial modelling, impact modelling and/or portfolio optimization;
• Proven work experience in supporting front-office deal teams in structuring financial products in or with financial institutions, including for investments and risk management in sectors and areas relevant for climate change mitigation and adaptation;
• Experience/knowledge of other areas of finance is desirable; this role will be expected to provide support (back-up) to other team members within PSF as and when necessary;
• Experience in identifying risks associated with projects and programmes and developing solutions to help mitigate them;
• Self-starter focused on results and delivery of high-quality work with limited guidance at times;
• Flexibility and ability to take initiative, embrace and adapt to change; 
• Demonstrable global mind-set;
• Team player who is able to collaborate with peers within the team and across the organisation; 
• Excellent written and oral communication skills in English are essential for this position; knowledge of another UN language an advantage. 

The closing date for application is 23 February 2025. Applications submitted after the deadline may not be considered.

*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. Selection among short-listed candidates will also take into account performance at interview, appropriate testing, and references. 

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