Date: 13 November 2023 2023
Grade: IS-5
Deadline: 04 December 2023 (11:59 PM KST)
Job Category: International
Salary: USD 138,750 net (plus attractive benefits, that include the following allowances (as applicable): Relocation, dependency, housing, education assistance and home country travel.
Introduction
The mission of the Green Climate Fund is to assist developing countries to respond to climate change while bringing prosperity to their people.
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 that 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 approved 216 projects in 129 countries and has committed USD 12.0 billion in climate finance. In addition, it has built up an extensive program to support developing countries to identify their needs, in particular, those who are most vulnerable to climate change impacts.
The GCFโs diverse workforce is advancing its mission from its headquarters in South Korea. Our talented staff makes unique contributions to the Fund, enriching the institution through their combined expertise and professional commitment.
Position Objective
The Accounting and Financial Planning Manager is responsible for analyzing and interpreting financial and operational data to guide the Senior Management Team of GCF on budgetary matters and all enterprise resource planning. S/he collaborates with budget focal points in the Secretariat and Independent Units in analyzing, monitoring and forecasting budget utilization to guide the efficient allocation of resources to support the work programs of the Fund. S/he also engages with the Budget Committee on Budgetary Matters and the Ethics and Audit Committee on financial statements preparation and audit.
Purpose
- Leads the expansion of financial and operational analysis to implement budgetary planning controls, drive planning, forecasting, and design appropriate data stories to support the senior management in data-driven decision-making.
- Leads the generation of new and unique insights into organizational efficiency and effectiveness, identifies gaps in available information and designs, and implements innovative approaches to capture critical information.
- Innovates and improves the financial reporting, managerial reporting, and multi-year budgeting processes by benchmarking against industry leaders and adopting international best practices.
- Leads a team of highly capable FP&A staff and leverages their skills while developing them along their desired career progression.
Engagement
- Leads the engagement with the Secretariatโs Senior Management Team and the Heads of the Independent Units to clarify the drivers behind their resourcing estimates and obtain information to inform the development of narratives for managerial reports while constantly providing advice and insights to them.
- Advocates for the GCF operating model and context in the engagement with external auditors and other advisory service providers to ensure that GCF context is accounted for during the audits and other advisory engagements.
- Leads the engagement with the Budget Committee on budgetary matters as the Budget Committee's focal point and the Ethics and Audit Committee on matters related to annual financial statements audit, selection, and evaluation of the external auditor.
- Facilitates the development of internal and external networks for seamless performance of financial planning, analysis, and reporting assignments.
Delivery
- Manages and coordinates the timely collection of all information for financial and managerial reports and leads the preparation of the report within set timeframes.
- Manages and coordinates the timely collection and consolidation of bottom-up resourcing estimates to ensure that the consolidated resourcing estimates are available in good time for review by the Senior Management Team and the Budget Committee.
- Plans the resources and timeframe needed to support the interim and final audit of financial statements to ensure that the audit is timely completed and presented to the Board.
- Leads the development of frameworks and processes that synthesize the lessons learned and best practices and updates policies, manuals and guidelines, standard operating procedures, and other knowledge products in financial planning, analysis, and reporting.
Requirements (Education, experience, technical competencies required of the job):
Education, Certifications, and Language Requirements
- Masterโs degree in Business Administration, Commerce Finance, Accounting. A Bachelorโs Degree in relevant fields with an additional 2 years of experience may be accepted in lieu of the Masterโs degree requirement.
- Fully qualified Financial or Managerial Accountant (e.g., CA, ACCA, CPA, CIMA, CMA)
- Fluency in spoken and written English.
Experience
- A minimum of 11 yearsโ experience in financial planning, analysis and reporting work in an International/Multilateral Organization with funding size and operations similar to GCF. At least 5 yearsโ experience in a management role.
- Advanced knowledge of Excel, Word, PowerPoint, Outlook, Power Automate, and business intelligence tools such as Power BI and Tableau.
- Experience in data analytics and programming skills in Python etc. will be an added advantage.
Competencies
Demonstrates competencies for planning and organizing, teamwork, communication, judgement, managing performance, building trust and empowering others through the following:- Gathering relevant information and making tough decisions when necessary.
- Managing in a deliberate and predictable way
- Delegates responsibility, clarifies expectations, and gives staff autonomy in important areas of their work.
- Accurately judges the amount of time and resources needed to accomplish a task and matches task to skills
- Develops team members and can attain from them their highest performance.
- Identifies priority activities and assignments; adjusts priorities as required.
- Ability to work independently in a dynamic and fast paced environment.
- Foresees risks and allows for contingencies when planning.
- Works collaboratively with colleagues to achieve organizational goals.
- Solicits input by genuinely valuing othersโ ideas and expertise; is willing to learn from others.
- Delivers outputs for which one has responsibility within prescribed time, cost and quality standards.
- Considers all those to whom services are provided to be โclientsโ and seeks to see things from clientsโ point of view.
- Actively seeks to apply technology to appropriate tasks.
- Shows willingness to learn new and emerging technology in financial planning and analysis.
The closing date for application is 04 December 2023. Applications submitted after the deadline may not be considered.
*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. 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.