Portfolio Management - Funded Activities Intern
Duration: 6 months
Starting date: 3 July 2023
Location: Songdo, Incheon City, Republic of Korea
Remuneration: US$ 1,300/month
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 190 projects in 123 countries and has committed USD 10 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.
The Green Climate Fund (the Fund) 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 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, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change.
The Fund is governed by a Board, composed of an equal number of members from developed and developing countries. The Fund is operated by an independent Secretariat headed by an Executive Director. The Fund will pursue a country-driven approach in its operations.
In the Division of Portfolio Management (DPM) the intern will have the opportunity to contribute to the work of the Portfolio Implementation Monitoring and Management Funded Activities (PIMM FA) workstream. The PIMM ensures efficient and effective implementation of approved GCF projects/programmes by directly liaising with Accredited Entities (AEs).
The Fund’s intern will be based at the Fund’s headquarters in Songdo, Incheon City, Republic of Korea.
The intern will provide support to the portfolio performance management functions of the DPM including operational and administrative support for the PIMM FA workstream. S/he will have the opportunity to learn and expand her/his experiences by providing support to the improvement of portfolio performance tracking and management. Specifically, under the overall guidance of the designated supervisor(s), the intern is expected to support to the PIMM FA work stream to ensure efficient and effective implementation of approved Funded Activities in the Portfolio in the following ways:
Verify and validate portfolio data and reporting requirements for funded activities by cross-checking (legal) documents such as Annual Project Reports, Mid Term Review Reports, Project Closure Reports, Funding Proposals, Board Decisions, Funded Activity Agreements (FAAs), and the Accreditation Master Agreements (AMAs).
Take inventory of terms and conditions of FAAs for funded activities under implementation and monitor indicative timelines.
Updating project briefs for funded activity and portfolio briefs on accredited entities for funded activities.
Support portfolio management processes such as generating disbursement projections and facilitating disbursement requests from AEs in coordination with other divisions.
Support the review of reports submitted by AEs to ensure they meet the Fund’s reporting standards.
Assist in drafting disbursement and extension memos and other portfolio management related documents.
Assist the portfolio implementation and management team to research on emerging issues.
Provide general administrative support in collaboration with the Team Assistant when required.
The intern will learn the overall activities of the Division of Portfolio Management (DPM) including ways to manage Funded Activities data and evaluate portfolio performance.
Requirements and qualifications
Enrolled in Masters’ program in Economics, Management, Climate Policy, Environmental Science, Information Science, Development studies, or related fields;
Knowledge and experience with portfolio monitoring, information management, data analysis, and dashboard;
Good understanding and experience in operations of intentional organization is an added advantage;
Proficiency in using standard software programs: Tableau, MS Word, Excel, PowerPoint, Outlook, Access and any other data management tools;
Excellent writing and presentation skills;
Fluency in English is essential; knowledge of another United Nations language, in particular French and Spanish, and/or Portuguese is 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 performance at interview, appropriate testing, and references.
Applications from women and nationals from developing countries are strongly encouraged to apply.