GCF Roster Pool of Experts - Project Financial Reporting Consultant

 

About the Green Climate Fund

 

The mission of the Green Climate Fund (GCF) is to assist developing countries in responding to climate change while fostering prosperity. Established in 2010, the GCF invests in transformational climate projects in the developing world. The Fund makes a significant contribution to global climate action, channelling financial resources into developing countries to help build low-emission and climate-resilient societies. It is country-driven and supports actions reflecting national circumstances and aspirations. The GCF is a key enabler of the 2015 Paris Agreement on Climate Change.

Since its inception, the GCF has approved 286 projects in 133 countries, committing USD 16 billion in climate finance. Additionally, it has developed an extensive program to support developing countries in identifying their needs, particularly those most vulnerable to climate change impacts.

GCF’s diverse workforce operates from its headquarters in South Korea. Talented staff members bring unique contributions to the Fund, enriching the institution through their expertise and professional commitment.

 

Position Objective

 

The Project Financial Reporting   Consultant, is responsible for

• Monitoring and reporting on Accredited Entity submissions of Financial Information Reports in accordance with the provisions of the Funded Activity Agreements (FAA) and Accreditation Master Agreements AMA.
• Reviewing and assessing Financial Information Reports submitted by Accredited Entities as part of the Annual Performance Reports (APRs).
• Reviewing and assessing Semi-annual financial reports submitted by Accredited Entities.
• Reviewing and assessing Audited Financial Statements submitted by Accredited Entities.
• Performing other activities to support the regional teams relating to direct coordination with AEs to review templates/formats related APRs and other financial reports and assisting with compliance checks and sanctions screening.
• Reviewing budgets for projects during the appraisal phase.
• Assessing how  GCF policies are applregarding fees to accredited entities, concessionally of terms and other terms.
• Reviewing the financial management aspects of GCF projects. Working in coordination with the Department of Africa (DAFR), Department of Asia Pacific (DAPAC), Department of Latin America and the Caribbean (DLAC), and Department of Eastern Europe and the Middle East (DECM), to ensure proper financial management and reporting arrangements are in place.

In addition to analysing reporting, the ideal candidate will also have experience in structuring and managing financial instruments, including grants, loans, equity, and guarantees, within the climate finance space or similar sectors. They will likely be currently or recently working in a Climate Finance Fund, Development Financial Institution or Multilateral Development Bank.

 

 

Duties and Responsibilities

 

Purpose

• Support Lead the review of project financial reporting to the GCF, ensuring appropriate quality of reporting and expenditure that complies with the GCF agreement and its policies.
• Review annual audited statements submitted by Accredited Entities,
• Support Negotiate elements of the Fund’s legal agreement that govern the production of project financial reporting.