Climate Investment Associate

Job Posting Organization:
The Green Climate Fund (GCF) is the world’s largest dedicated multilateral climate fund, established in 2010 by the 194 countries that are Parties to the United Nations Framework Convention on Climate Change (UNFCCC). GCF's mission is to support developing countries in their efforts to respond to climate change while fostering sustainable development. With a portfolio of 360 projects across 134 countries and a total commitment of USD 20.5 billion to date, GCF aims to grow to at least a USD 50 billion fund by 203

• The organization operates with a diverse workforce of over 300 employees and is headquartered in the Republic of Korea. GCF is committed to mobilizing public and private sector financial flows for climate action, focusing on the most vulnerable communities and ensuring that its actions are tailored to the unique circumstances of each nation it supports.

Job Overview:
The Climate Investment Associate will play a crucial role in the Department of Strategic Investment Partnerships and Co-Investments (DSCI) at GCF. This position involves independently performing operational, analytical, and coordination tasks across the investment cycle. The Associate will contribute to the development and execution of DSCI’s public and private sector portfolios, leading specific workstreams in project preparation, financial structuring, due diligence, portfolio monitoring, and investment pipeline development. The role requires a commitment to making a measurable difference in climate action initiatives and involves engaging with various stakeholders, including Accredited Entities (AEs) and internal teams. The Associate will also contribute to upstream advisory work, market intelligence, and knowledge creation to support DSCI’s strategic and investment priorities.

Duties and Responsibilities:
The Climate Investment Associate will be responsible for a wide range of duties, including:

• Independently analyzing concept notes, funding proposals, term sheets, financial models, and due diligence materials in alignment with GCF policies and the investment framework.
• Leading analytical workstreams for low- to medium-complexity transactions, including structuring, negotiations, risk identification, and internal review processes.
• Assessing strategic alignment, risks, barriers, and financial sustainability to prepare clear recommendations for decision-making.
• Building and validating financial models and scenario analyses for structuring, pricing, tracking portfolio performance, and evaluating investment returns.
• Providing technical input for the use of GCF financial instruments, including grants, loans, equity, and guarantees.
• Maintaining, verifying, and interpreting quantitative and qualitative portfolio data to support performance monitoring and risk assessments.
• Coordinating and tracking key project cycle activities, ensuring timely progression through internal and external review stages.
• Leading preparation of portfolio dashboards, analytic summaries, and internal committee materials.
• Acting as a primary coordination point with AEs, NDAs, DFIs, MDBs, and other partners for follow-up and documentation. 1
• Conducting market and sector research to support pipeline development and strategic prioritization.

Required Qualifications:
Candidates must possess a Master’s degree in Finance, Economics, Business Administration, Environmental Management, Development Finance, or a related field. Alternatively, a Bachelor’s degree in a relevant discipline combined with an additional two years of relevant professional experience may be accepted in lieu of an advanced degree. Additionally, candidates should have at least 5 years of relevant experience in investment analysis, climate finance, development finance, project finance, or portfolio management. Demonstrated experience with structuring or assessing investment instruments such as equity, debt, guarantees, and grants is essential. Advanced analytical skills, including financial modeling, risk analysis, and portfolio diagnostics, are required, along with strong coordination and project management abilities.

Educational Background:
The educational background required for this position includes a Master’s degree in a relevant field such as Finance, Economics, Business Administration, Environmental Management, or Development Finance. A Bachelor’s degree in a relevant discipline, combined with additional professional experience, may also be accepted. The emphasis is on candidates who have a strong academic foundation in finance and investment analysis, as well as an understanding of climate finance and development issues.

Experience:
The position requires a minimum of 5 years of relevant experience in investment analysis, climate finance, development finance, project finance, or portfolio management. Candidates should have a proven track record of working with investment instruments and possess advanced analytical skills. Experience working in or with Development Finance Institutions (DFIs), Multilateral Development Banks (MDBs), investment funds, or climate finance institutions is preferred, indicating a familiarity with the complexities of climate finance and investment processes.

Languages:
Fluency in English is required for this position, as it is the primary working language at GCF. Knowledge of another UN language is considered an advantage, as it may facilitate communication with a broader range of stakeholders and partners in the international climate finance community.

Additional Notes:
The closing date for applications is 02 September 2026, and applications submitted after this deadline may not be considered. The position is full-time and is based in Incheon, South Korea. The GCF encourages applications from women and nationals of developing countries, reflecting its commitment to diversity and inclusion in the workplace. For details on grade levels, salary scales, and benefits, candidates are encouraged to refer to the GCF staff regulations available on their website.