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Portfolio Management Specialist

Date: Apr 15, 2019

Location: Korea (KOR), KR

Company: Green Climate Fund

Grade: IS - 3

Deadline: 5 May 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

Under the guidance of the Senior Portfolio Management Specialist, the Portfolio Management Specialist will make a contribution to the efficient management of GCF’s Portfolio under implementation. The Portfolio Management Specialist will be responsible for providing technical leadership for the on-going supervision and management of the Fund’s Projects/Programmes as well as developing and revising frameworks, policies, and guidelines relevant to the Fund’s overall results management.


Duties and responsibilities

  • Funding Proposal Review
    • Provide technical guidance to relevant Divisions and Accredited Entities (AEs) in defining monitoring and evaluation (M&E) requirements, functions, and best practices while considering project and entity specificities in the various legal arrangements and GCF Results Management and Performance Measurement Frameworks and as they relate to targets and reporting systems;
    •  Represent OPM as a focal point in the review of Funding Proposals, term sheets, funded activity agreements (FAAs), and Accreditation Master Agreements (AMAs) to ensure quality at entry at the design stage of projects;


  • Portfolio Monitoring and Reporting
    • Manage and monitor portfolio of projects and programmes under implementation;
    • Ensure compliance with FAAs, covenants and conditions as well as applicable Board-approved policies and procedures and internal guidelines;
    • Identify early warning signals and develop/implement interventions and corrective actions based on the review of project progress reports and portfolio-level quantitative and qualitative analysis;
    • Proactively inform and advise senior management on the portfolio performance and implementation-related challenges/issues and propose remedial measures as appropriate;
    • Lead and coordinate the processing of waivers and amendments of the projects in consultation with the inter-divisional teams in the GCF Secretariat and stakeholders,
    • Strategize and lead effective relationship management efforts with AEs in close collaboration with OPM colleagues as well as team members from other divisions.


  • Contribution to Policy development and guidelines
    • Contribute to the development and review of various M&E guidelines and instruments and ensure compliance to existing Board-approved frameworks;
    • Act as OPM focal point and collaborate with other Divisions to provide inputs and technical guidance in developing GCF policies and frameworks, as may be required;


  • Contribution to Knowledge management and best practice
    • Participate in relevant workshops and meetings in order to keep abreast with the ongoing trends in climate change mitigation and adaptation and their implications on the Fund’s results management;
    • Enhance collaboration with other climate finance delivery channels and share current practices and application of existing frameworks to the GCF’s portfolio;
    • Represent OPM and the GCF Secretariat in external conferences and workshops and engage with national designated authorities (NDAs), AEs and other stakeholders


Required experience and qualifications

  • Master’s degree in climate/energy policy, sustainable development, environmental sciences, economics, business administration or related fields;
  • A minimum of 7 years of relevant work experience in similar organizations; at least 3 of which should be in managing projects in the area of climate change (including mitigation and adaptation areas)
  • Experience in M&E,  results management, portfolio and performance monitoring, in particular as these pertain to climate change programming in international organizations and/or multilateral development banks is preferred;
  • Work experience in the review and appraisal of climate mitigation and adaptation projects and knowledge of the operational framework and fiduciary standards of international public sector institutions is an added advantage;
  • Exposure/knowledge of GCF working modalities and the Fund’s instruments (grants, loans, guarantees and equity) and sector/investment areas is preferred;
  • Strong customer service orientation and excellent interpersonal skills, and developed cultural sensitivity in communicating within multicultural environment – staff, Board and external stakeholders, both orally and in writing;
  • Excellent knowledge of computer-based analytical tools (spreadsheets, projection models, macros) and demonstrated ability to work with and evaluate projected results and models is and added advantage;
  • 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 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.