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Project Finance Specialist

Incheon

  • Organization: GCF - Green Climate Fund
  • Location: Incheon
  • Grade: Mid/Senior level - Mid/Senior - Internationally recruited position
  • Occupational Groups:
    • Operations and Administrations
    • Administrative support
    • Banking and Finance
    • Public Policy and Administration
  • Closing Date: Closed

Project Finance Specialist Grade IS – 3 Specialist Duty station Songdo, Incheon - Korea Contract type 3 years Number of posts 1 Recruitment type International

Unit Private Sector Facility Closing date 26 July 2017 Reporting to Director of Private Sector Facility Vacancy code GCF/Recruit/205 The Green Climate Fund (“the Fund”) is a new multilateral fund created to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.

The Fund will contribute to the achievement of the ultimate objective of the United Nations Framework Convention on Climate Change (UNFCCC). In the context of sustainable development, the Fund will promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, considering the needs of those developing countries particularly vulnerable to the adverse effects of climate change. The Fund will pursue a country-driven approach in its operations.

The Fund is governed by a Board, composed of an equal representation of developed and developing countries; the Board oversees the operation of all relevant components of the Fund. The Fund is serviced by an independent Secretariat, which is accountable to the Board and headed by an Executive Director. The Secretariat, which is accountable to the Board, is responsible for the day -to-day management of the Fund, and is located at the Fund’s headquarters in Songdo, Incheon City, in the Republic of Korea.

The Fund is seeking an exceptional person who will take up the challenge of joining a high-performing organization at the leading edge of the financing of climate action in developing countries.

Position description

The Fund’s business model is to co -invest into projects through financial intermediaries that will act as the Fund’s agent. The Project Finance Specialist will be responsible for working with partner institutions to originate and ensure the smooth execution of Private Sector Project Finance investments by the Fund. S/he will be responsible for structuring and executing solutions that address the needs of all stakeholders in a balanced manner, taki ng into consideration key risks and mitigants as well as the Fund’s six Investment Criteria. This will entail working closely with intermediaries to ensure that the Fund’s resources are used in a manner that promotes low emission and climate resilient projects that are scalable and/or replicable and that promote economic development.Duties and responsibilities

Under the guidance of the Director of Private Sector Facility, the Project Finance Specialist will be responsible for: • Reviewing, evaluating and executing project finance investment proposals;

• Working with the Fund’s Risk Manager and Financial Intermediaries (co-investors) to structure solutions that address/mitigate risks and meet the Fund’s Investment Criteria;

• Building and operating financial models and analysis (pro -forma, peer-analysis, sensitivities and scenario building);

• Recommending pricing for GCF exposure;

• Structuring / drafting / reviewing / negotiating, in cooperation with Legal Counsel, agreements and legal documents (e.g. investment, loan, collateral, inter-agency, inter-creditor agreements);

• Conducting analysis and due diligence;

• Managing Deal Data Rooms;

• Leading and managing relationships with key stakeholders - accredited entities, investors, project sponsors,

peers and other stakeholders to: (a) aware of changes in the financial landscape that are relevant to climate change; and (b) structure appropriate solutions and conduct required due diligence on investments; • Drafting investment proposals and approval documents;

• Take the lead in managing the transaction process and seek/obtain relevant approvals;

• Managing third party project advisors and consultants;

• Managing pipelines, deal sourcing mechanisms and processes;

• Developing and drafting business plans, policies and procedures as they pertain to project finance; and • Actively participate in outreach events to showcase GCF’s suite of services in the private sector to existing and potential stakeholders, and build relationships.

Expected experience and qualifications*

• Master’s degree in a relevant field; MBA / CFA / Professional Designation preferred;

• At least 7 years of work experience in Project Finance deals; candidate should have started as an analyst in a top tier bank (private sector or multilateral) and worked his or her way up;

• Experience of at least 3 years in the area of climate change (including renewable energy, public transportation, etc.)

• Private sector project finance experience in the context of developing countries (specifically in LDCs and SIDs) • Proven experience in project finance (debt and or equity), project bonds, and private placements is strongly desired;

• Knowledge of the evolving landscape in climate is essential;

• Experience with workouts is desirable;

• Experience in other areas of finance is desirable; this role will be expected to provide support (bac-up) to other Private Sector Finance Specialists and other specialists within PSF as and when necessary; • Experience in structuring deals with development banks will be favorably considered;

• Experience in building and managing intricate financial models, drafting and negotiating contracts, and drafting approval notes for investment and credit committees;

• Experience in identifying and managing risks associated with Project Finance transactions • Exceptionally strong track record of working within cross functional teams to structure, drive and close deals; • Passion about delivery and focus on results;

• Ability to take initiative, embrace and adapt to change;

• Team player who actively collaborates with peers within the team and has the ability to coach and mentor junior team members; and

• Excellent written and oral communication skills in English are essential for this position; knowledge of another UN language an advantage.

*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. The above criteria should be seen as indicators of the experience and skills that would qualify candidates for consideration. Selection among short -listed candidates will also take into account p erformance at interview, appropriate testing, and references.Required competencies

• Communication

• Teamwork

• Planning & organizing

• Accountability

• Building Trust

How to apply

Interested candidates are requested to send their CV and a letter of interest in a single PDF file to: recruitment@gcfund.org

File name: “[last name], [first name]” (e.g. Peterson, Anna)

Subject line: “Project Finance Specialist”

Upon submission of your application, you will receive an automatic e -mail acknowledging receipt of your application. Should you not receive a response, however, please check your spam/clutter mail before resubmitting your application. Please also ensure to use the correct spelling for the subject line of your e-mail. Thank you. Applications from women and nationals of developing countries are strongly encouraged.

This vacancy is now closed.
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