Grade: IS-5
Deadline: 28 June 2024 (11:59 PM KST)
Job Category: International
Salary: USD 145,000 (plus attractive benefits, that include the following allowances (as applicable): Relocation, dependency, housing, education assistance and home country travel.
Introduction
The Green Climate Fund is the world’s largest dedicated multilateral climate fund and invests in impactful, innovative, catalytic programs and projects in developing countries across the globe. By the end of 2023, GCF had a portfolio of 243 projects in 129 countries, committing a total of USD 13.5 billion to date.
In 2023, an additional USD 12.8 billion was pledged, to support our new strategic and programming cycle from 2024-2027; 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.
GCF is seeking a top-tier individual with a demonstrable track record of harnessing experience, energy and networks to tackle complex global climate change challenges. You will be committed to making a positive, measurable difference through a mission-driven role, and thrive in a fast-paced, diverse environment.
You will be able to quickly scan and analyze complex, competing issues and lead significant sized teams to find solutions in evolving contexts, across multiple geographic locations.
You will be a nurturer of people: recognizing and growing the talent around you, exemplifying values of transparency, respect and innovation.
You will be committed to learning, knowledge-sharing, convening and communicating with partners to work together to ideate, develop and implement climate action initiatives that make a profound difference to people and planet.
You will join a team of talented, committed individuals representing almost 80 nationalities contributing skills and experience from academic, scientific, private, government and nonprofit backgrounds. Together, we work with governments, communities and civil society, technical agencies, and the private sector across the world.
Interested in more information?
Learn about working for GCF: https://www.greenclimate.fund/about/careers
View current vacancies: https://jobs.greenclimate.fund/
About the Green Climate Fund (GCF)
Set up in 2010 by the 194 countries who are Parties to the United Nations Framework Convention on Climate Change (UNFCCC), GCF takes its responsibility as the world’s largest dedicated multilateral climate fund to heart. GCF funds transformative climate projects across the developing world, supporting countries in their responses and actions to tackle climate change while fostering sustainable development within their communities.
Our country-driven approach ensures that our actions are tailored to the unique circumstances and national aspirations of each nation we support. Besides channeling public and private sector investment through a broad range of financing instruments, GCF builds the capacity of developing countries to take climate action through an extensive Readiness Programme ensuring countries are increasingly well-equipped and financed to manage their climate futures.
Headquartered in the Republic of Korea, GCF operates with a diverse and talented workforce of over 300 people.
Position Objective
The Accounting Manager in the Office of Institutional Finance’s primary responsibility is the financial reporting of the firm. They are responsible for preparing the annual financial statements in accordance with the Green Climate Fund’s Administrative Budget and Accounting Framework, liaising with and managing the relationship with the firm’s external auditor and keeping the day-to-day financial books and records of the fund. The Accounting Manager will also share responsibility with the Accounting and Financial Planning Manager and the Treasury Manager for other financial operations of GCF, including payroll, credit cards, retirement plan, disbursements, bank relations and internal accounting. The Accounting Manager will be responsible for reviewing all accounting policies and procedures of GCF to make sure they remain fit for purpose and current, and they will also be responsible for developing new accounting policies and procedures as GCF matures and grows in complexity and ambition. S/he will be supported in these tasks by a team of professionals, and s/he will take on the responsibility of organizing and leading this team to maximum effectiveness, while guiding the individual careers of each member.
The role will regularly work with the GCF Board’s Ethics and Audit Committee. Prior versions of this role were primarily operational, relying heavily on manual processes. The current iteration considers the roll out of an enterprise resource planning system which will allow for a significant increase in automation, allowing unprecedented insight and control of GCF’s accounting system, and a successful person in this role will be able to optimize the systems and procedures for maximum transparency and efficiency while improving internal controls. An ideal candidate will use this opportunity to align the accounting function of GCF with its programmatic objectives and promote innovation in GCF’s business model and be able to communicate all of this with clear, succinct, and memorable narratives to all stakeholders. Finally the Accounting Manager will need to work with the Chief Finance and Risk Officer and their leadership team to keep GCF maturing and evolving over time.
Purpose
Manages the year-end process of generating annual financials.
Manages a team that keeps all financial books and records of GCF in accordance with GCF’s Administrative Budget and Accounting Framework.
Manages the annual financial audit process, leads the process to select the auditor for GCF on behalf of GCF Board’s Ethics and Audit Committee, and interfaces with the Ethics and Audit Committee on all aspects of the financial audit.
Continuously updates GCF’s accounting practices to the most current appropriate guidelines and incorporates them into GCF’s financial systems architecture.
Extracts, consolidates, and analyzes financial and operational data to implement accounting controls.
Ensures accurate system information that feeds planning, forecasting, and budgeting; and supports senior management in data-driven decision-making.
Generates unique insights into organizational efficiency and effectiveness from existing information, identifies gaps in information and designs and implements methods that capture critical information.
Supports other areas of the finance team in matters related to the Board’s Budget Committee, including the Budget Committee’s meeting schedule, work plan, documents and minutes.
Responsible for current accounting financial policies and procedures while originating new ones as needed and takes ownership of key elements of GCF’s Finance Manual.
Provides accounting support and guidance across the organization as it relates to new matters such as changes in the Readiness program, regional presence, accreditation, and other future GCF initiatives.
Implements any recommendations from either the internal or external auditor as appropriate.
Engagement
Engages with the Secretariat’s Senior Management Team and the heads of the Independent Units to make sure proper bookkeeping procedures are being followed and to assist in any initiatives they might have which have accounting aspects or implications.
Uses data and insights to convince senior leadership and other stakeholders to take strategic actions.
Builds a network between all divisions within the Secretariat and the Independent units to ensure consistency in financial reporting.
Collaborates with other team members in the Office of Institutional Finance in the preparation of managerial reports, financial statements, treasury strategies and financial management system implementation.
Develops appropriate knowledge products for enlightening stakeholders and for the update of internal policies and procedures, frameworks, guides, and manuals in accounting.
Delivery
Manages and coordinates the timely collection of all information for financial reporting and prepares financial reports within set timeframes.
Leads the Secretariat’s engagement in the Ethics and Audit Committee deliberations regarding financial reporting matters, including the annual financial audit, selection of the external auditor, management of the external auditor, and evaluation of the external auditor while following up on all action items.
Aligns all tasks executed by the accounting team with the policies and procedures of the fund and the expectations of senior management.
Continues to evolve the frameworks and processes in the ERP to synthesize learnings, identify best practices and continuously improve financial reporting.
Creates compelling financial narratives.
Requirements (Education, experience, technical competencies required of the job)
Master’s degree in Business Administration, Commerce, Finance, Accounting, or similar.
Fully qualified Accountant (e.g. CA, ACCA, CPA, CIMA).
In depth knowledge of International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS)
Certified Management Accountant (CMA) (alternative certifications such as Certified Corporate Financial Planning and Analysis Professional (FPAC) or Certified Financial Modelling and Valuation Analyst (FMVA) may be considered in lieu of CMA certification) will be an advantage.
Audit experience will be an advantage.
Fluency in English.
Experience
Competencies
Demonstrates competencies for communication, teamwork, planning and organizing, accountability, client orientation, and technological awareness, including through the following:
The closing date for application is 28 June 2024. Applications submitted after the deadline may not be considered.
*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. Selection among short-listed candidates will also take into account performance at interview, appropriate testing, and references.
Applications from women and nationals of developing countries are strongly encouraged to apply.