Senior Portfolio Specialist

Incheon

Senior Portfolio Specialist Grade IS – 5/6 / Senior/Principal Specialist Duty station Songdo, Incheon-Korea Contract type 3 years Number of posts 1 Recruitment type International

Unit Portfolio Management Unit Closing date 15 December 2016 Reporting to Head of Portfolio Management Vacancy code GCF/Recruit/111 The mission of the Green Climate Fund is to expand collective human action to respond to climate change — the defining challenge of our time. Jointly established by 194 Member States of the United Nations in 2010, GCF invests in transformational projects that build low-emission and climate-resilient economies in developing countries. The Fund will serve as an enabler of the Paris Agreement on Climate Change, channelling significant financial resources to developing countries to make an ambitious contribution to global climate action.

To realize this unprecedented mission, GCF is expanding its workforce. It is seeking a Senior Portfolio Specialist who will be part of a growing organization that offers exciting challenges and responsibilities. Position description

Under the guidance of the Head of Portfolio Management (PM), the Senior Portfolio Specialist will make a crucial contribution to the efficient management of GCF’s Portfolio. S/he will be supporting the Head of Portfolio Management on strategic matters, the development of portfolio management systems and the creation of a portfolio management framework for GCF to create a best practice unit. S/he will be ensuring compliance to all provisions of Funded Activity Agreements (FAAs) and lead the implementation of M&E functions for all GCF operations. Duties and responsibilities

The Senior Portfolio Specialist will be performing the following duties:

  • Support the Portfolio Management Head on strategic matters such as the development of portfolio management systems and the creation of a portfolio management framework for GCF to create a best practice unit;
  • Monitor and ensure compliance with the provisions in the FAAs;
  • Lead the management of all M&E functions, including the development and implementation of M&E guidelines for all GCF operations, in compliance with the Board-approved M&E frameworks of the Fund;
  • Identify early warning signals for the portfolio and where necessary, formulate and implement intervention strategies for restructuring;
  • Develop and apply GCF’s portfolio management framework and processes;
  • Review disbursements, waivers, restructuring and other ongoing project-related activities;
  • Assist in formulating and executing relationship management strategies with Accredited Entities (AE), maintain and nurture good relationships with AEs in close coordination with the Division of Country Programming (DCP), and Task Managers in the Division of Mitigation and Adaptation (DMA) and the Division of the Private Sector Facility (PSF);
  • Understand and proactively manage client needs while looking out for GCF’s interest;
  • Prepare internal monitoring reports on all GCF’s projects and portfolio to senior management, the Executive Director, and the Board;
  • Prepare external portfolio-level reports for partners and contributors, and collaborate with the Independent Evaluation Unit;
  • Liaise with support divisions, in particular, Legal, Risk, and Environmental and Social Safeguards to ensure all projects are adhering to GCF’s policies and standards;
  • For private sector projects, handle 4-5 complex relationships, monitor equity holdings and devise sales strategies;
  • Ensure any downside risk is mitigated via relevant strategies, appropriate management actions, or through use of strong relationship management;
  • Extract and feedback into the portfolio, lessons of experience from country, sector, project briefs or profiles prepared by Country Programming Division (CPD), DMA, PSF, Risk, as well as from GCF earlier investments.

Required experience and qualifications

  • MBA or Master’s degree in Economics, Finance or relevant field;
  • A minimum of 11 years of relevant work experience in project/ program management, and/or corporate finance, including success in promoting and processing of investments;
  • Experience in state-of-the art monitoring and evaluation and impact evaluation methodologies;
  • Strong portfolio management, financial and credit analysis skills including some advanced financial modeling skills;
  • Experience with directly working with clients/partners in developing countries to design, implement, and monitor projects and programs;
  • Fluency in English is essential and knowledge of another United Nations language is an advantage. Additional requirements
  • Demonstrated ability to understand the nature of the GCF varied portfolio and sector focus in one or more of climate change areas(s)
  • Outstanding interpersonal skills, ability to work successfully in multicultural teams and across divisions
  • Highly motivated, committed to highest ethical standards
  • Strong sense of service to GCF and its stakeholders, openness to feedback and to new ideas
  • Committed to GCF’s goals and mission

Required Competencies

  • Planning and organizing
  • Accountability
  • Client orientation
  • Technological awareness
  • Teamwork

How to apply

Interested candidates are requested to send their CV and a letter of interest in a single PDF file to: recruitment@gcfund.org

File name: “[last name], [first name]” (e.g. Peterson, Anna)

Subject line: “Senior Portfolio Specialist”

Applications from women and nationals of developing countries are strongly encouraged.

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.
Apply
  • Organization: GCF - Green Climate Fund
  • Location: Incheon
  • Grade: Mid/Senior
  • Occupational Groups:
  • Closing Date: 2016-12-15

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