The Green Climate Fund is the world’s largest dedicated multilateral climate fund investing in impactful, innovative, catalytic programs and projects in developing countries across the globe, GCF has a portfolio of 270 projects in 129 countries, committing a total of USD 19.95 billion to date.
Our ambition is to grow to become at least a USD 50 billion fund by 2030. Rooted in the core objectives of impact and efficiency, access and a focus on the most vulnerable, and mobilizing a much higher scale of public and private sector financial flows for climate action we have an unparalleled scale of resources, which, together with our risk appetite and flexibility allows us to bring together different partners and stakeholders in innovative partnerships for profound impact.

The Conference of the Parties (COP) at its twenty-eighth session and the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA) at its fifth session decided to establish an interim secretariat for the Loss and Damage (LnD) Fund referred to in paragraphs 2–3 of decisions 2/CP.27 and 2/CMA.4. They also agreed to provide support, including administrative support, to the Board of the LnD Fund during the transitional period until the establishment of the LnD Fund’s independent secretariat. In this regard, the Green Climate Fund (GCF) was requested to act as one of joint secretariats for the LnD Fund.

Role
The Financial Planning and Reporting Consultant will work closely with Finance and Accounting Specialist of GCF to provide the institutional finance services to the LnD Fund and/or free up capacity of the Finance and Accounting Specialist for his support on the LnD fund by supporting GCF Secretariat institutional finance tasks. S/he will be responsible for tasks related to budget planning, budget execution and monitoring, ad-hoc financial analysis as per the board requests/mandates, and other financial transactional services.

Duties and responsibilities

• Collates, consolidates and analyzes financial and operational data to implement budgetary planning controls, drive planning, forecasting, and budgeting, and designs appropriate data stories and report to support the senior management in data-driven decision-making.
• Creates new and continuously updates existing 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 processing of financial transactions and engagement in financial planning/analysis and other financial matters and develops the appropriate knowledge products for enlightening stakeholders.
• Regularly evaluates financial statement elements, compares this with other internal and external data to identify and investigate unusual transactions and balances, and makes the appropriate modifications to ensure the financial statement elements represent a true and fair view of the financial performance, financial position, and cashflow position.
• Engages with the planning focal persons from other Secretariats to obtain inputs to models and scenarios that may be required on ad hoc basis, clarify the drivers behind their resourcing estimates, and support the development of narratives for managerial reports.
• 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.
• Builds strong networks with other team members for seamless processing of financial transactions, preparation of the managerial reports, financial statements, financial planning, and financial management system implementation.
• Manages and coordinates the timely collection of inputs for executive-ready insights to the Senior Management and the Budget Committees of the Fund to enable them to assess the risks and opportunities of budget overruns or under expenditure.
• Manages and coordinates the timely collection and consolidation of resourcing estimates to ensure that the consolidated resourcing estimates are available on time for review by the Senior Management and the Budget Committee of the Funds.
• 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.
• Manages and coordinates the timely completion and review of month end and year end closure procedures to enable an accurate presentation of the Fund’s financial performance, financial position and cashflow position.

Required experience and qualifications
Education and Certifications

• Master’s degree in Business Administration, Commerce, Finance, Accounting. or a relevant Bachelors’ degree with two additional years of experience.
• Appropriate certifications in financial planning and analysis (e.g. Certified Corporate Financial Planning and Analysis professional).
• Fully qualified Accountant (CA, ACCA, CPA, CIMA) will be an advantage.
• Certification in controls (e.g. COSO internal controls), fraud examination (e.g. CFE), International Financial Reporting Standards (IFRS) will be an advantage.

Experience

• At least seven years of experience in a planning and analysis and/or an accounting role with an International/Multilateral Organization. Budget planning and analysis experience is required.
• Proficiency in applying and analyzing the impact of International Financial Reporting Standards in International/multilateral organizations.
• Advanced knowledge of Excel, Word, PowerPoint, Outlook, and Business Intelligence tools such as Power BI and Tableau.
• Project management experience will be an added advantage.

Competencies

• Demonstrates competencies for communication, teamwork, 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.
• Foresees risks and allows for contingencies when planning.
• Ability to be agile and work in a fast-changing multicultural environment with diverse stakeholders at different technical and strategic levels– staff, Board, and external stakeholders.
• 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 the 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.
• Excellent written and oral communication skills in English.
• Actively seeks to apply technology to appropriate tasks.
• Shows willingness to learn new technology.

Applications from women and citizens from developing countries are strongly encouraged.
Please indicate your earliest availability to take up the assignment and notice-period required, if employed.
The closing date for applications is 13 September 2024, 23:59 (KST). Applications submitted after the closing date may not be considered.