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Project Officer (Talent Pool)


  • Organization: GCF - Green Climate Fund
  • Location: Incheon
  • Grade: Mid level
  • Occupational Groups:
    • Project and Programme Management
  • Closing Date: 2022-08-28

Grade: IS - 2

Deadline: 28 August 2022 (11:59 PM KST)

Location: Songdo, Incheon, South Korea

Job Category: International

Salary: USD 87,700 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 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 Project Officer, as part of the Private Sector Facility, will be responsible for undertaking a range of operational and analytical tasks necessary for the ongoing operationalization and implementation of the private sector strategy of the Fund with a focus on private sector transactions including upstream support provided to countries for green finance policy initiatives. The role contributes to achieving the Fund’s private sector strategy and overall strategic objectives for increasing the share of PSF proposals in GCF portfolio and increasing private capital mobilization for climate action; using a variety of financial instruments including equity, guarantees and financial innovations that will increase PSF’s deal pipeline and overall effectiveness.


Duties and responsibilities


  • Provide operational support in pipeline development, proposal development and review, and portfolio monitoring of PSF transactions;

  • Provide analysis on key aspects of a proposal and its alignment with the Fund’s strategic objectives as well as assess the risks;

  • Perform financial modelling and analysis to support decision making for financial structuring, tracking and reporting;

  • Develop report on financial parameters and prepare reports as needed for PSF leadership review;



  • Deliver proposal reviews and assessments in a timely manner and assist with drafting policies and procedures;

  • Support the development of new modalities and offerings to increase the effectiveness of the Fund’s engagement with the private sector; and

  • Work closely with the Division of Portfolio Management (DPM) for post-approval monitoring/evaluation/reporting, disbursement of funds and amendments to legal agreements as necessary.



  • Deliver a strategic programme involving all specialists in a comprehensive manner and create a productive relationship within PSF senior specialists, DMA and the Office of Risk Management and Compliance (ORMC);
  • Empower the investment team to deliver and originate innovative financing solutions aligned with programs that will unleash the private sector while supporting transformative in the strategic programme of the Fund; 
  • Be responsible for the culture and integrate the values of the organization within and outside PSF.


Required experience and qualifications*

  • Master’s degree in a relevant field; MBA / CFA / Professional Designation preferred; or a relevant Bachelor’s degree with an additional 2 years of relevant work experience;

  • At least 4 years of full time work experience in climate finance, structured finance, investment banking, corporate banking or related fields; Experience or knowledge in the area of climate change (mitigation, adaptation, climate finance and climate policies) is advantageous;

  • Understanding of the different financial tools – equity, debt, guarantees and grants is mandatory;

  • Evidence of intermediate / high proficiency in financial modelling;

  • Proven work experience in structuring financial products in or with financial institutions, including for investments and risk management in sectors and areas relevant for climate change mitigation and adaptation;

  • Experience/knowledge of other areas of finance is desirable; this role will be expected to provide support (back-up) to other team members within PSF as and when necessary;

  • Experience in identifying risks associated with projects and programmes and developing solutions to help mitigate them;

  • Self-starter focused on results and delivery of high-quality work with limited guidance at times;

  • Flexibility and ability to take initiative, embrace and adapt to change;

  • Team player that is able to collaborate with peers within the team and across the organisation;

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

  • Candidates who meet most of the core requirements but fall short of educational or total full-time work experience, may be considered for underfill at the discretion of the hiring manager/Division Director.


 *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.

We do our best to provide you the most accurate info, but closing dates may be wrong on our site. Please check on the recruiting organization's page for the exact info. Candidates are responsible for complying with deadlines and are encouraged to submit applications well ahead.
Before applying, please make sure that you have read the requirements for the position and that you qualify.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.