Background
The Green Climate Fund (GCF) is a multilateral fund created to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community, including the United Nations Framework Convention on Climate Change (UNFCCC), to combat climate change.

The GCF promotes 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, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change.

The GCF is governed by a Board, composed of an equal number of members from developed and developing countries. The GCF is operated by an independent Secretariat headed by an Executive Director and pursues a country-driven approach in its operations. 

Introduction 

The Office of Portfolio Management (OPM) oversees all GCF programmes, projects and other activities after first disbursement through project completion. The OPM supports other operational units through the review of funding proposals; monitoring progress in implementation and results attainment including extracting and feeding back lessons learnt from evaluations of implementation of programmes/projects; reviewing and monitoring Readiness grants and national adaptation plans; and performing data analysis and results management. These activities within OPM are currently carried out by three (3) teams and work streams - the Quality Assurance and Monitoring & Evaluation (QAME) Team, the Portfolio Implementation Monitoring and Management (PIMM) team, and the Results and Data Management (RDM) team. 

The PIMM team is charged with overseeing and monitoring implementation of approved GCF projects by AEs to ensure compliance with GCF policies and procedures as well as approved terms and conditions.  PIMM’s work and outputs are critical for providing evidence-based feedback and recommendations to internal teams involved in prioritizing allocation of resources, in structuring projects as well as monitoring overall risk of the portfolio. PIMM’s work contributes to enhanced accountability, communication and transparency of GCF operations. The team provides feedback to the external stakeholders on the performance of and results from the portfolio through the Annual Portfolio Performance Report and other reports as well as through presentations to various fora.   
The PIMM workstream plays an important role in ensuring that the portfolio of approved GCF public and private sector projects/programmes under implementation (supported through debt, equity, grants, etc.) is implemented efficiently and effectively in accordance with the Fund’s policies as well as approved terms and conditions. It is also responsible for ensuring adequate and timely reporting and assessment of implementation progress and results from the Fund’s investments as well as for proactively working with Accredited Entities (AEs) to resolve implementation issues and challenges. 
In light of the challenges and impacts on implementation arising from the current COVID-19 pandemic, the GCF is seeking the services of a mid-level consultant to assist the PIMM team to strengthen the monitoring and implementation of adaptive management measures of Funded Activities as well as engagement with AEs and other stakeholders in this regard.  
 

Role
Under the supervision of the Portfolio Management Specialist and overall guidance of the Head of OPM, the consultant will support the team in portfolio management activities and interact closely with various stakeholders, AEs as well as colleagues within OPM and other divisions of the GCF Secretariat. The consultant will provide operational, analytical and administrative support to the PIMM team. S/he will be responsible for identifying project/portfolio performance and compliance trends with legal agreements, Fund policies and procedures, actions needed to address any challenges. The consultant will also support in improving efficiency and effectiveness of the management of GCF’s Portfolio as well as provide strategic and technical recommendations for improvement. 

Duties and Responsibilities
The Consultant will be responsible for but not limited to:
1.    Review project/program submitted reports and assess progress against approved implementation plan, results and compliance requirements
2.    Prepare and present analytical reports and project performance briefs identifying implementation trends, deviations from approved proposals, risks, challenges and related implementation issues amongst portfolio projects to facilitate proactive adaptive management;
3.    Review and provide adaptive management actions for problematic portfolio projects/programs and requests for changes as required; 
4.    Participate in interdivisional consultations and meetings, and prepare action plans/briefs for consideration by management, internal committees/working groups, as well as the Board as may be required;
5.    Engage and liaise with AEs on appropriate portfolio management actions and strategies including refinement of guidance notes on reporting, etc. to ensure alignment with the Fund’s frameworks including the integrated results management framework;
6.    Preparation of OPM reports such as portfolio performance reports, project disbursement projections and Project implementation update reports for consideration by Secretariat management and internal committees/working groups, as well as the Board as may be required;
7.    Prepare/develop and present knowledge products from implementation, as may be required including compilation of lessons learned, case studies and best practices, in collaboration with other OPM  workstreams and divisions;
8.    Prepare briefs and track/monitor implementation of agreed actions from engagement with AEs 
9.    Undertake timely updates of various dashboards and platforms to ensure accurate information to internal and external stakeholders  
10.      Perform additional operation tasks assigned by the Head of OPM and other Managers.

 Deliverables
1.    Project performance briefs outlining progress, changes, results, challenges and risks among others 
2.    Analytical reports on portfolio implementation identifying trends by region, country characteristics, sector/thematic/results areas, etc.
3.    Adaptive management action plans to address challenges and risks identified in portfolio outlining expected roles of various stakeholders and timelines for identified actions and AE feedback
4.    PowerPoint Presentations/briefs for, and records of, consultations and engagements with other divisions as well as with AEs 
5.    Comprehensive and updated action trackers on project issues
6.    AE portfolio analytical briefs outlining performance, issues, risks and challenges of portfolio and projects under each AEs 
7.    Templates (designed and updated) and guidance notes on reporting that is aligned with the Fund’s frameworks including the results management framework and other legal and fiduciary compliance requirements
8.    Knowledge products including PowerPoint presentations, case studies, lessons learned and best practices from implementation of GCF projects
9.    Updated dashboards for systematic portfolio monitoring and management

Required experience and qualifications*
•    Advanced university degree in economics, environmental studies, business administration, finance, or other relevant fields;  
•    At least 7 years of experience in project management, especially in climate change and environmental issues; 
•    Demonstrated track record in implementation and monitoring of projects/programmes; experience managing both private and public sector projects and or complex projects and programs is a plus  
•    Experience in international organizations and/or multilateral development banks is an advantage;  
•    Exposure to/knowledge of climate change project issues and/or GCF working modalities is an added advantage 
•    General understanding of the Fund’s instruments (grants, debt, guarantees and equity) and sector investment areas;  
•    Ability to articulate and present ideas well both in writing and orally to a diverse audience of stakeholders at technical and strategic levels; 
•    Knowledge of the operational framework and fiduciary standards of international public sector institutions;  
•    Strong interpersonal/relationship management and negotiation skills 
•    Excellent analytical skills and problem-solving skills; 
•    Ability to work in a multicultural environment with diverse stakeholders at different technical and strategic levels– staff, Board and external stakeholders;  
•    Unquestionable integrity and adherence to the highest ethical standards; 
•    Excellent written and oral communication skills in English are essential for this position; knowledge of another UN language would be an advantage; 
 

• Closing date for the application is 12 July  2020 23.59 (KST). Application received after the closing date may not be considered.
• Candidates of all nationalities are welcome to apply. However, the compensation and benefits package for this consultancy opportunity will be determined on the basis of a local recruitment. The consultancy opportunity is for an initial five months period. 
• Please indicate your earliest availability to take up assignment, and notice-period required, if employed.
• Applications from women and nationals of developing countries are strongly encouraged.