- Location: Tuvalu
- City: Funafuti
- Contract Type: Staff
- Grade: X8
- Salary scale: International Scale
- Contract Duration: 24 months
- Deadline (23:59 KST): 14/05/2024
- Job Reference: RP24-22
INTRODUCTION TO GGGI
The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page.
PROGRAM OVERVIEW
The Climate Finance Access Network (CFAN) was established to support developing countries in accessing finance to achieve their climate objectives. By cultivating a network of highly trained climate finance advisors, CFAN builds the capacity of developing countries to (1) identify the sources and instruments for delivering climate finance, (2) establish relationships with climate finance providers, and (3) structure financing for mitigation and adaptation investments. CFAN works across developing countries with a focus on Least Developed Countries and Small Island Developing States. CFAN work in the Pacific was funded by the Government of Canada from 2021 and from June 2023 will also be funded by the Department of Foreign Affairs and Trade (DFAT) of Australia.
The CFAN advisors will be hired by the Global Green Growth Institute (GGGI) under funding from DFAT to join a global cohort of investment officers and climate finance advisors. The postholder will attend a cohort-based training program, which includes technical training as well as relationship-building with public and private finance institutions. The CFAN advisor will take part in the CFAN network and the management of CFAN program/projects, particularly in relation to projects centered on finance, investment and investment planning and related capacity building and training.
PURPOSE
The CFAN advisor will be deployed in the relevant focal government ministry in country for the duration of the contract with a targeted mandate to access international and bilateral sources of public and private climate finance, and to support stakeholders in structuring finance for investment in their host country’s priority mitigation and adaptation projects.
ENGAGEMENT
The Climate Finance Advisor plays a critical role in support of building, maintaining, and strengthening partnerships with government counterparts and international/local stakeholders in the public and private sectors. Finally, the Climate Finance Advisor works will also conduct climate finance workshops for civil servants, ensuring lasting capacity in-country through knowledge transfer to government officials.
The Climate Finance Advisor will report to the Green Investment Service Lead for the Pacific Region and GGGI Country Representative, working closely with other teams in Pacific Region, and GGGI Headquarters to develop the business case, investment documentation, identify and analyze project opportunities, competitive strengths and weaknesses of projects and their sponsors. As part of Climate Finance Advisor, the advisor is expected to:
- Support CFAN in designing and facilitating in-country capacity building efforts to support transfer of skills and knowledge to local staff in relevant ministries and government offices.
- Serve as an active member of the CFAN community, including by representing CFAN at events and external meetings, as well as by advancing CFAN’s value-add through peer-to-peer learning, knowledge exchange, and cohort activities.
DELIVERY
- Participate and successfully complete CFAN Advisor Training Program
- Advise and provide assistance to relevant ministry focal point and other government line ministries, NGOs and private sector stakeholders in developing project proposals to submit to Green Climate Fund (GCF), Adaptation Fund and other relevant donors and partners.
- Provide assistance to the Government on relevant needs.
- Support development and submission of climate finance funding proposals, including by navigating the range of financing sources, engaging stakeholders to fulfil funding proposal requirements, and assessing financial instruments to structure investments.
- Analyze financial data and use financial projections to design and recommend suitable financial structures.
- Coordinate between national ministries to accelerate projects through the investment pipeline.
- Where possible, pursue opportunities to finance projects through domestic resources as a means of enhancing country ownership.
- Support or lead project origination activities and actively contribute to adding to the green investment project pipeline.
- Conduct gap analysis of green investment/infrastructure projects and programs engaging all relevant stakeholders.
- Perform financial, economic, and regulatory analysis throughout project concept and design stages in collaboration with the country teams and government counterparts.
- Any other analytical work to ensure that deliverables are provided in a timely manner to support subsequent work and consistent with work plan.
REQUIREMENTS
QUALIFICATIONS
- Advanced university degree in economics, finance, business administration or another related field.
- More than 5 years of experience working in climate finance, preferably for financial institution or development agency
- Sectoral expertise in coastal resilience and infrastructure, agriculture, adaptation or water security, is a plus
- Experience accessing and structuring finance for climate investments
- Experience with international climate finance institutions, particularly technical aspects of mitigation and adaptation activities
- Experience working in developing countries on climate and development issues
- Experience in Pacific is an advantage
- Fluency in written and spoken English
FUNCTIONAL
- Demonstrated ability to formulate concept notes and project proposals in compliance with requirements of various climate finance funds.
- Demonstrated relationship-building and facilitation skills.
- Resourceful and able to develop and operationalize strategies to achieve outputs and outcomes
- Knowledge of and experience in adhering to internationally agreed environmental and social safeguards (ESS) and gender-sensitive design requirements.
- Willingness and ability to commit to in-country work for and travel as required and where possible.
CORPORATE
- Project management: Proven ability to independently plan, manage and complete projects that deliver quality outcomes in a timely and inclusive manner.
- Communication: Strong written and verbal communication skills, with the ability to deliver products or presentations that are concise, easy to understand and influential.
- Influencing change: Track record of engaging effectively to secure buy in, underpinned by strong listening, trust building, influencing, facilitation and negotiation skills.
- Team player: Capacity to be selfless team member, to operate across organizational boundaries, and maintain a resilient, positive and results-focused mindset in a dynamic environment.
- Promotes an organizational culture of trust, transparency, respect and partnership
WORKING CONDITIONS
This is an X8, international grade level in GGGI’s salary scale. Determination of base salary is subject to candidate’s experience, academic background and internal equity. GGGI provides 15% of base salary towards retirement plan/long-term savings, 27 days of annual leave, and private health insurance that covers dental and vision.
GGGI is committed to providing a work environment that is sufficiently flexible to accommodate diverse life-cycle challenges and assist Staff members to achieve a better balance between work and personal/family commitments, thus ensuring high performance, long-term productivity, and well-being of Staff members