Grade: F
Deadline: 16 March 2026 (11:59 PM KST)

Two vacancies are available immediately.

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. The GCF has a portfolio of 336 projects across 134 countries, with a total commitment of USD 19.4 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 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 Climate Investment Associate is responsible for independently performing operational, analytical, and coordination tasks across the investment cycle, contributing to the development and execution of OCIO’s public and private sector portfolios. Under the guidance of an Associate Principal, Principal or Manager, the Associate leads specific workstreams in project preparation, financial structuring, due diligence, portfolio monitoring, and investment pipeline development. The role exercises increasing autonomy in assessing proposals, engaging with Accredited Entities (AEs), and coordinating cross-divisional inputs. The Associate also contributes to upstream advisory work, market intelligence, and knowledge creation to support OCIO’s strategic and investment priorities.

1. Investment, Analytical, and Technical Responsibilities

• Independently analyze concept notes, funding proposals, term sheets, financial models, and due diligence materials in alignment with GCF policies and the investment framework.
• Lead analytical workstreams for low- to medium-complexity transactions, including portions of structuring, negotiations, risk identification, and internal review processes; including potentially Investment or Operations Committee Presentations.
• Assess strategic alignment, risks, barriers, and financial sustainability to prepare clear recommendations for decision-making.
• Project budgeting and financial analysis, includingalidate financial models and scenario analyses used for structuring, pricing, tracking portfolio performance, and evaluating investment returns.
• Provide technical input for the use of the full suite of GCF financial instruments—grants, loans and/or equity, guarantees—and contribute to the development of new financing approaches to mobilize private capital.
• Maintain, verify, and interpret quantitative and qualitative portfolio data to support performance monitoring, reporting, and risk assessments.

2. Project & Portfolio Coordination

• Coordinate and track key project cycle activities, ensuring timely and accurate progression through internal and external stages of review, approval, and implementation.
• Lead preparation of portfolio dashboards, analytic summaries, Board documents, and internal committee materials.
• Serve as a key liaison with internal counterparts (Legal, Risk, E&S, Gender, Portfolio Monitoring, Regional Teams) to consolidate comments and ensure alignment.
• Review Annual Performance Reports (APRs), disbursement requests, and project performance data, identifying key issues and proposing preliminary solutions.
• Act as a primary coordination point with AEs, NDAs, DFIs, MDBs, and other partners for follow-up, documentation, clarifications, and investment cycle requirements.

3. Engagement & Stakeholder Management

• Lead or coordinate discussions with domain experts and integrate their inputs into investment assessments.
• Manage relationships with project counterparts during reviews and early-stage pipeline engagement, including preliminary discussions on commercial terms and structuring considerations.
• Contribute to the development of market intelligence on climate finance trends, financial sector regulations, and investment barriers.
• Support the negotiation and drafting of term sheets, financial instruments, and legal documentation in collaboration with internal and external parties.
• Strengthen upstream engagement with Regional Teams by supporting AEs and countries with financial structuring insights and investment design considerations.

4. Research, Strategy & Knowledge Contributions

• Conduct market and sector research to support pipeline development, origination, and strategic prioritization.
• Prepare thematic briefs, case studies, and lessons learned to inform OCIO practices and investment strategies.
• Contribute to OCIO initiatives on green finance policy, investment frameworks, and financial innovation aimed at expanding the pipeline and improving execution efficiency.

5. Operational & Mission Support

• Lead documentation, coordination, and preparation for investment missions, negotiations, workshops, and partner engagements.
• Ensure high-quality meeting minutes, decision logs, follow-up reports, and action tracking.
• Support internal process improvements, including enhancements to analytical tools, templates, and workflows.

Qualifications & Experience

• Master’s degree in Finance, Economics, Business Administration, Environmental Management, Development Finance, or related field; or a Bachelor’s degree in a relevant field combined with an additional two (2) years of relevant professional experience.
• At least 5 years of relevant experience (with preference in Latin America and the Caribbean) in investment analysis, climate finance, development finance, project finance, or portfolio management. 
• Demonstrated experience with structuring or assessing investment instruments (equity, debt, guarantees, grants).
• Advanced analytical skills including budget analysis, financial modelling, financial and risk analysis, and portfolio diagnostics.
• Strong coordination and project management abilities, with proven capacity to manage multiple workstreams independently.
• Experience working in or with DFIs, MDBs, investment funds, or climate finance institutions preferred.
• Fluency in English and Spanish/Portuguese required; knowledge of another UN language is an advantage.

Core Competencies

• Analytical & Financial Acumen: Leads complex analysis, interprets risk and financial data to inform decisions.
• Autonomy & Accountability: Manages tasks independently and delivers high-quality outputs requiring minimal supervision.
• Coordination & Leadership: Drives multi-division reviews; coordinates senior stakeholders efficiently.
  Strategic Insight & Innovation: Contributes to strategic thinking, improved workflows, and innovative analytic tools.
• Stakeholder Engagement: Represents OCIO in discussions with AEs, NDAs, DFIs, and partners with confidence.
• Professional Integrity: Demonstrates commitment to ethical standards and responsible management of GCF resources.

For details on grade levels, salary scales and benefits, please refer to: https://www.greenclimate.fund/document/staff-regulations

The closing date for application is 16 March 2026. 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.