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Title | Project Finance Specialist |
Posted |
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Description |
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, 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 representation of 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. The Project Finance Specialist will be based at the Fund’s headquarters in Songdo, Incheon City, Republic of Korea. The position is for an initial three year period. This is a unique opportunity to be part of a start-up in international organization that offers stimulating challenges. Role 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, taking 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:
Required experience and qualifications
The compensation benefits for this key position will be internationally competitive and reflect the importance of the role. Interested candidates, are required to send an email attaching their CV and a letter of interest in a single file to: recruitment@gcfund.org File name: “[last name], [first name]” (e.g. Olsson, Anna) Please indicate your earliest availability to take up assignment, and notice-period required, if employed. |