Financial Planning and Analysis Officer

Grade: IS-2
Deadline: 08 September 2023 (11:59 PM KST)
Job Category: International
Salary: USD 91,970 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 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 Obejective
The Financial Planning and Analysis Officer is responsible for analyzing and interpreting financial and operational data to guide managerial decision-making on budgetary matters. S/he collaborates with budget focal points in the Secretariat and Independent Units in analyzing and monitoring, and forecasting budget utilization to guide the efficient allocation of resources to support the Fund’s strategy.

Purpose

• Collates, consolidates and analyzes financial and operational data to implement budgetary planning controls, drive planning, forecasting, and budgeting, and design appropriate data stories and reports to support the senior management in data-driven decision-making.
• Analyzes bottom-up resourcing estimates from different divisions to identify duplication and budgetary slacks in the estimates and consolidates the estimates to inform the assessment of the reasonability of such estimates to implement the Fund’s work programmes.
• Continuously update financial models to support rolling forecasts and projections, inform planning cycles and provide insights on efficient and effective deployment of resources.
• Analyzes recurring queries and deficiencies during the engagement in financial planning and analysis and identifies potential automation areas, ways to streamline existing processes, and systematize the data.

  Engagement

  • Engages with the planning focal persons from the Secretariat and Independent units to clarify the drivers behind their resourcing estimates and obtain information to inform the development of narratives for managerial reports
  • Engages different divisions within the Secretariat and the Independent units to obtain inputs to models and scenarios that may be required on ad hoc basis
  • Collaborates with other team members in the preparation of the managerial reports, financial statements, financial planning and financial management system implementation.
  • Develops the appropriate knowledge products for enlightening stakeholders and for the update of internal policies, frameworks, guides, and manuals in financial planning and analysis.

    Delivery

    • Manage and coordinates the timely collection of inputs for executive-ready insights to Senior Management and the Budget Committee to enable them to assess the risks and opportunities of budget overruns or under expenditure.
    • Manage 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 and the Budget Committee.
    • Anticipates and timely avails appropriate benchmarks and comparators to the Senior Management and the Budget Committee to enable them to engage on efficiency and effectiveness of the Fund’s operations
      

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

      • Master’s degree in Business Administration, Commerce Finance, Accounting
      • Appropriate certifications in financial planning and analysis (e.g. Certified Corporate Financial Planning and Analysis professional)
      • Fluency in English

        Experience

        • At least 4 years’ experience in financial planning and analysis in an International/Multilateral Organization
        • Advanced experience with Business Intelligence tools such as Power BI and Tableau.
        • Experience with Oracle Enterprise Performance Management is desirable

          Competencies

          • Demonstrates competencies for communication, team work, planning and organizing, accountability, client orientation, and technological awareness, including through the following:
          • Monitors and adjusts plans and actions as necessary; Uses time efficiently.
          • Identifies priority activities and assignments; adjusts priorities as required.
          • Allocates appropriate amount of time and resources for completing work.
          • Ability to work 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 others’ 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 “clients” and seeks to see things from clients’ 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 08 September 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.