Climate Investment Manager (2 positions)

Grade: IS-5
Deadline: 02 July 2023 (11:59 PM KST)
Job Category: International
Salary: USD 138,750 net (plus attractive benefits), that include the following allowances (as applicable): Relocation, housing, dependency, 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 GCF’s 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 mission of the Division of Private Sector Facility (PSF) is to catalyze private climate finance to meet the needs of developing countries for low emissions, climate resilient development. It engages with the local and international private sector and funds project proposals that accelerate climate innovation, de-risks market creating investments as well as strengthens local and regional financial institutions.

The Climate Investment Manager contributes to private capital mobilization for climate impact in developing countries and the deepening of knowledge and financial expertise to support private sector development in partnership with direct access, local private sector actors, and other stakeholders. S/he does so by developing high-quality PSF pipeline of proposals that use GCF’s catalytic funding to mobilize private capital that is aligned with the private sector strategy and GCF’s updated strategic plan. S/he leads PSF proposals through the GCF internal processes on a day-to-day basis with external and internal clients. S/he also manages staff reporting to her/him for performance, growth, and development.

Duties and Responsibilities

Purpose

• Develop the overall operational plan and execution of private sector transactions in the assigned focus areas to meet the goals of the overall private sector strategy and GCF strategic objectives.
• Lead the origination, evaluation, structuring, execution and negotiation of investment projects with private sector in the respective focus area.
• Provide technical and thought leadership in engaging global and local project developers and financiers to create a portfolio in line with GCF’s objective of supporting developing countries towards low emissions and climate resilient development.
• Develop and lead knowledge generation in their respective focus areas and contribute to GCF thought leadership in support of broader GCF policy and programming goals in respective focus area.

  Engagement

  • Establish and maintain positive and constructive relationships with internal and external stakeholders (within PSF, other GCF divisions(including legal, risk, finance), AEs, key private sector players in developing countries) to create a deeper understanding of private sector strategy that leads to the generation of high-quality pipeline development in private sector.
  • Advice PSF management, CIC and SMT as required on opportunities, challenges and innovative solutions for meeting GCF strategic objectives based on market developments, innovations and policy developments with regards to private sector climate investments in respective focus area.
  • Lead, manage and motivate direct reports for performance, growth, learning and development in a manner that is aligned with GCF core values.
  • Advocate for and ensure divisional quality controls/ organizational priorities are met in sourcing and structuring appropriate climate investments that meet GCF’s investment criteria in respective focus area.

    Deliver

    • Establish and maintain positive and constructive relationships with internal and external stakeholders (within PSF, other GCF divisions(including legal, risk, finance), AEs, key private sector players in developing countries) to create a deeper understanding of private sector strategy that leads to the generation of high-quality pipeline development in private sector.
    • Advice PSF management, CIC and SMT as required on opportunities, challenges and innovative solutions for meeting GCF strategic objectives based on market developments, innovations and policy developments with regards to private sector climate investments in respective focus area.
    • Lead, manage and motivate direct reports for performance, growth, learning and development in a manner that is aligned with GCF core values.
    • Advocate for and ensure divisional quality controls/ organizational priorities are met in sourcing and structuring appropriate climate investments that meet GCF’s investment criteria in respective focus area.

      Requirements (Education, experience, technical competencies required of the job)

      • Master’s or higher degree in Finance, Business Administration, Commerce or related areas is mandatory;
      • Minimum 11 years of fund structuring expertise including in private equity, venture debt/capital, financial de-risking, mezzanine, listed/public and other investment vehicles using a fund approach;
      • Strong knowledge in and exposure to latest developments in climate finance and industry trends in greening the financial systems, ESG or climate impact investing, climate finance disclosure/taxonomy for climate investing.
      • Strong track record in sourcing, structuring, executing and managing funding to exit will be considered an advantage. The candidate needs to demonstrate successful funding transactions in least developed countries (LDCs), Small Island Developing States (SIDs) and or other challenging / or high-risk business environments. Investment or financing experience in climate mitigation or adaptation related systems transition is desirable;
      • Proven track record of managing complex and multi stakeholder relationship; and demonstrated ability to manage key relationships within and outside the organization;
      • Strong knowledge in negotiating term sheets, private placements, legal documentation, regulatory requirements, compliance, potential exists and excellent business judgement in challenging jurisdictions;
      • Solid understanding of the different financial and impact valuations methodologies and ability to negotiate with counterparties and project owners to represent the best interest of organizational mission;
      • Sound judgement including commercial,financial and legal judgment coupled with strong problem solving/negotiation skills;
      • Strong team building and supervisory skills including a track record of managing junior staff as well as collaborating across divisions to deliver results;
      • Possesses a high level of integrity, professionalism and client management skills (internally and externally);
      • Willingness and ability to travel as required;
      • Excellent communication (written and oral) and presentation skills in English. This includes an ability to synthesize and explain complex issues and information in language modified for a variety of audiences including non-financial stakeholders; and
      • Ability to speak another UN official language (other than English) is desirable.

        The closing date for application is 02 July 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.