Job Posting Organization: The Green Climate Fund (GCF) was established in 2010 by the 194 Parties to the United Nations Framework Convention on Climate Change (UNFCCC). Its mission is to fund transformational climate projects that support developing countries in addressing climate change while fostering sustainable development. GCF operates with a diverse workforce of over 300 professionals from nearly 80 nationalities and is headquartered in the Republic of Korea. The organization plays a pivotal role in mobilizing public and private sector financial flows to address climate change, with a portfolio of 297 projects across 134 countries and a total commitment of USD 16.6 billion to date. In 2023, an additional USD 12.8 billion was pledged to support its strategic and programming cycle from 2024 to 2027, with an ambition to scale up to at least USD 50 billion by 203
GCF's approach prioritizes impact and efficiency, equitable access, and a strong focus on supporting the most vulnerable communities.
Job Overview: The GCF is seeking highly qualified climate finance professionals to join its Roster of Experts, which will provide specialized expertise in the review and assessment of funding proposals submitted by GCF-accredited entities. The selected experts will be responsible for conducting second-level due diligence on these proposals, providing independent technical and financial assessments, and offering input to strengthen project design, financial structuring, and impact assessment. This role is crucial in ensuring that the funding proposals align with GCF's mission and contribute effectively to climate action strategies in developing countries.
Duties and Responsibilities: The primary duties and responsibilities of the Climate Finance Expert include reviewing funding proposals submitted by GCF-accredited entities, conducting second-level due diligence, and providing independent technical and financial assessments. Experts will focus on specific aspects of the proposals related to their areas of expertise, offering insights to enhance project design, financial structuring, and impact assessment. They will also be involved in developing monitoring and evaluation frameworks for climate finance projects, integrating gender and social inclusion policies, and managing financial, operational, and climate-related project risks. Additionally, experts will be expected to contribute to the development of impact-driven frameworks that align with GCF's mitigation and adaptation priorities.
Required Qualifications: Candidates must possess a minimum of 13 years of relevant professional experience in an international setting, demonstrating recognized financial and technical expertise in developing, evaluating, or implementing climate change mitigation or adaptation projects in developing countries. They should have experience in at least two geographic regions and strong expertise in at least two GCF result areas across various project sizes. Candidates must also have experience with climate finance instruments, financial and economic analysis, impact assessment, risk analysis, and environmental and social safeguards.
Educational Background: While the specific educational background is not explicitly stated, it is implied that candidates should have advanced degrees in relevant fields such as environmental science, finance, economics, or related disciplines that support their expertise in climate finance and project management.
Experience: Candidates must have a substantial level of experience, specifically at least 13 years in relevant fields, with a proven track record of leading or advising on climate finance projects. They should have experience in managing projects with financial volumes ranging from USD 30M to USD 250M and demonstrate deep financial expertise in climate finance.
Languages: While the job ad does not specify mandatory languages, proficiency in English is likely essential given the international nature of the organization and the need for effective communication. Additional languages relevant to the regions of expertise may be considered beneficial.
Additional Notes: The selected experts will be included in the GCF Financial Sectoral Expert Roster for a period of up to three years, with opportunities for renewal. The work arrangement is remote and flexible based on project needs, with possible mission travel depending on assignments. The engagement will be upon GCF’s demand, with expected completion timelines for concept note reviews ranging from 1-3 days and full proposal reviews from 5-7 days. Compensation will be competitive and aligned with GCF’s consultancy rates. Experts must adhere to GCF’s ethics and conflict of interest policies, and all candidates are encouraged to apply, particularly women and nationals of developing countries.
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