Economic and Financial Specialist

Tags: climate change Law finance English language Environment
  • Added Date: Friday, 08 July 2022
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Grade: IS - 3

Deadline: 31 July 2022 (11:59 PM KST)

Location: Songdo, Incheon, South Korea

Job Category: International

Salary: USD 97,700 net (plus attractive benefits, that include the following allowances (as appliable): Relocation, dependency, education assistance and home country travel)

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 192 projects in 123 countries and has committed USD 10.1 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 GCFโ€™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 Economic and Financial Specialist in the Division of Mitigation will be responsible for: (1) supporting the development of a pipeline of investments in the climate impact areas that GCF works in, including built environment; energy and industry; wellbeing of people; and land, forests, and ecosystems; (2) the economic and financial reviews of project proposals, analysis of financial information of the proposed projects in the relevant sector or climate impact area; (3) conducting the review of concept notes and funding proposals, advising on the improvement of the proposals, managing the negotiation of legal documents and providing technical and financial oversight of the relevant sector pipeline, maintaining a close communication between the GCF Secretariat and the Accredited Entities.

Duties and responsibilities

Purpose

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