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Associate Professional - Private Sector Facility (2 vacancies)

Date: Mar 13, 2019

Location: Korea (KOR), KR

Company: Green Climate Fund

Grade: IS - 1

Deadline: 5 April 2019 (11:59 PM KST)

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.

Since its establishment, the GCF has mobilized 10.3 billion USD, accredited 75 entities to channel its resources and approved 93 funding proposals for a total investment from the GCF of over $4.6 billion. In addition, the decision  has just been made to launch the first replenishment of the Fund.

The GCF’s diverse workforce is advancing its mission from its headquarters in South Korea. Our talented staff make unique contributions to the Fund, enriching the institution through their combined expertise and professional commitment.

 

Position description

The Associate Professional, as part of the Fund’s Songdo-based headquarters team will be responsible for assisting the team with a range of operational and analytical tasks necessary for the ongoing operationalization of the Fund.

 

Duties and responsibilities

  • Conduct research, data collection and analysis, draft written reports;
  • Engage with the Fund’s staff, accredited entities and other stakeholders through e-mail, phone calls and onsite or face to face meetings;
  • Provide operational support in developing private sector-oriented policies, pipelines, reviewing investment proposal drafts, and monitoring portfolio;
  • Build and operate financial models and conduct related risk, sensitivity and scenario analyses;
  • Perform second level due diligence on assigned tasks in key areas in PSF: 1)project finance, 2)financial institutions or 3) private equity transactions; and in 4) drafting key policies and operationalizing the modalities emerging from PSAG recommendations- in relation to fund’s objectives in engaging private sector  in all of GCF’s eight strategic result areas: energy, transport, cities and industries, land use and REDD+, livelihood, health, food and water, infrastructure and ecosystems;
  • Liaise with domain-level specialists within GCF to obtain their specific inputs on funding proposals;
  • Provide support to Private Sector Facility (PSF) climate investment work on:
    • Identifying key investment risks and working with Specialists and Senior Specialists to structure solutions that address identified risks;
    • Providing specific techno-commercial inputs to the specialists in the areas of renewable energy with a particular focus on energy efficiency, renewables, transport, biomass and geothermal energy sources;
    • Support policy work and provide critical input in operationalizing PSAG recommendations;
    • Maintaining relationships with investors, project sponsors, peers and other stakeholders and managing third-party project advisors and consultants; and
    • Preparing critical policy work and investment proposals for the Board’s consideration Support PSF interventions during Board meetings and other events and meetings related to the functioning of the Fund. This may include assisting in the preparation of relevant documentation, taking meeting minutes, preparing summaries of the discussions for the Report and providing support for drafting of decisions; and
  • Support any additional analytical and operational tasks as assigned by the Director, Deputy Director, and other senior members of PSF as needed.

 

Expected experience and qualifications*

  • Master’s degree in Economics, Finance, sustainable development, climate policy, environmental sciences, law, or related fields;
  • Two (2) years of relevant work experience;
  • Demonstrated knowledge of the activities of the Private Sector Facility;
  • Experience in an international setting, and ability to work independently and take initiative in response to the Fund's needs;
  • Experience in developing policy documents, conducting research analysis and articulating findings and recommendations;
  • Familiarity of multilateral climate funds, project financing, and UNFCCC framework;
  • Excellent business writing and presentation skills and strong competence in the use of Excel, Word, PowerPoint, and Outlook;
  • Ability to articulate complex issues verbally and in writing in a concise manner; and
  • Fluency in English is essential; knowledge of another United Nations language is 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 experience and skills that would qualify candidates for consideration. 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.