About the Green Climate Fund

 

The mission of the Green Climate Fund (GCF) is to assist developing countries in responding to climate change while fostering prosperity. Established in 2010, the GCF invests in transformational climate projects in the developing world. The Fund makes a significant contribution to global climate action, channelling financial resources into developing countries to help build low-emission and climate-resilient societies. It is country-driven and supports actions reflecting national circumstances and aspirations. The GCF is a key enabler of the 2015 Paris Agreement on Climate Change.

Since its inception, the GCF has approved 286 projects in 133 countries, committing USD 16 billion in climate finance. Additionally, it has developed an extensive program to support developing countries in identifying their needs, particularly those most vulnerable to climate change impacts.

GCF’s diverse workforce operates from its headquarters in South Korea. Talented staff members bring unique contributions to the Fund, enriching the institution through their expertise and professional commitment.

Position Objective

 

The Project Financial Reporting Consultant, is responsible for

• Monitoring and reporting on Accredited Entity submissions of Financial Information Reports in accordance with the provisions of the Funded Activity Agreements (FAA) and Accreditation Master Agreements AMA.
• Reviewing and assessing Financial Information Reports submitted by Accredited Entities as part of the Annual Performance Reports (APRs).
• Reviewing and assessing Semi-annual financial reports submitted by Accredited Entities.
• Reviewing and assessing Audited Financial Statements submitted by Accredited Entities.
• Performing other activities to support the regional teams relating to direct coordination with AEs to review templates/formats related APRs and other financial reports and assisting with compliance checks and sanctions screening.
• Reviewing budgets for projects during the appraisal phase.
• Assessing how GCF policies are applregarding fees to accredited entities, concessionally of terms and other terms.
• Reviewing the financial management aspects of GCF projects. Working in coordination with the Department of Africa (DAFR), Department of Asia Pacific (DAPAC), Department of Latin America and the Caribbean (DLAC), and Department of Eastern Europe and the Middle East (DECM), to ensure proper financial management and reporting arrangements are in place.

In addition to analysing reporting, the ideal candidate will also have experience in structuring and managing financial instruments, including grants, loans, equity, and guarantees, within the climate finance space or similar sectors. They will likely be currently or recently working in a Climate Finance Fund, Development Financial Institution or Multilateral Development Bank.

 

 

Duties and Responsibilities

 

Purpose

• Support Lead the review of project financial reporting to the GCF, ensuring appropriate quality of reporting and expenditure that complies with the GCF agreement and its policies.
• Review annual audited statements submitted by Accredited Entities,
• Support Negotiate elements of the Fund’s legal agreement that govern the production of project financial reporting.

Engagement

• Collaborate with DAFR, DAPAC, DLAC and DECM in the appraisal of financial reporting to ensure financial management requirements are met
• Provide guidance to Fund partners and lead negotiations on finance-related terms in changes to project agreements.
• Work closely with accredited entities to assess the financial performance of projects.

Delivery

• Review and analyze financial reporting, providing guidance on financial reporting aspects, including:
  • Assessing the terms of accredited entities’ fee proposals and providing recommendations to management, internal committees, and project teams.
  • Structuring financial terms during adaptive management to ensure financial soundness and compliance.
  • Evaluating the financial structuring of new projects, including grant-to-loan ratios, blended finance structures, and mechanisms to maximize impact while ensuring financial sustainability.
  • Analysing budgets submitted by accredited entities in collaboration with project leads to ensure accuracy and financial viability.
  • Providing training to project staff to build their capacity to undertake financial analysis for the appraisal of GCF projects and adaptive management requests.

 

Required Experience and Qualifications

 

• Master’s degree in finance, Commerce, Economics, or advanced Accounting, or professional Accounting/Finance qualifications (CPA/CA/CFA). A relevant bachelor’s degree with an additional two years of experience may be considered.
• At least 7 years of mid-to-senior level financial management and accounting experience, with strong analytical skills.
• Demonstrated experience in managing grants, loans, and blended finance instruments for climate finance, sustainable development, or similar sectors.
• Proven success in collaborating with diverse internal and external stakeholders.
• Knowledge of quantitative, qualitative, and text analysis methods.
• Experience with international organizations as a staff member, consultant, or contractor is an advantage.
• Fluent written and oral communication skills in English are essential; knowledge of another UN language is an advantage.

 

Additional Considerations

• Candidates successfully selected through a technical criteria review will be included in the GCF CIO Roster for a period of up to three (3) years with opportunity for renewal.
• Consultants will be home-based with possible mission travel, depending on the assignment.
• GCF does not warrant that any quantity of services will be purchased during the term of entry into the Roster as this will depend on forthcoming needs and performance appraisals.
• The final nature and scope of each assignment will vary and will focus on aspects of this Terms of Reference (TOR). Such details will be included in a separate TOR for each specific assignment and issue as a Call of Order.

Applications from women and nationals of developing countries are strongly encouraged. Candidates of all nationalities are welcome to apply; Closing date for applications is 10 March 2025, 23:59 (KST). Applications received after the closing date may not be considered.