Portfolio Management Specialist (Readiness)

Green Climate Fund (GCF)

Incheon, Republic of Korea 🇰🇷

Date: Aug 9, 2021

Location: Korea (KOR), KR

Company: Green Climate Fund

Grade: IS – 4

Deadline: 31 August 2021 (11:59 PM KST)

Location: Songdo, Incheon, South Korea

Salary: USD 114,600

The mission of the Green Climate Fund is to assist developing countries to respond to climate change while bringing prosperity to their people.

Established in 2010, the GCF invests in transformational climate projects in the developing world. The Fund makes an ambitious contribution to global climate action and channels significant financial resources into developing countries to help build low-emission and climate-resilient societies.  It is country-driven and undertakes actions that reflect the circumstances of each country concerned and its national aspirations. The GCF is a key enabler of the 2015 Paris Agreement on Climate Change.

Since its establishment, the GCF has approved 177 projects in 123 countries and has committed USD 8.9 billion in climate finance. In addition, it has built up an extensive program to support developing countries to identify their needs, in particular, those who are most vulnerable to climate change impacts.

The GCF’s diverse workforce is advancing its mission from its headquarters in South Korea. Our talented staff makes unique contributions to the Fund, enriching the institution through their combined expertise and professional commitment.

Position Objective

The Portfolio Management Specialist – Readiness will be responsible for the Management of portfolio of readiness and Project Preparation Facility (PPF) projects under implementation supported through grants to ensure compliance with legal agreements and Fund policies and procedures. S/he will also make a crucial contribution to the efficient and effective management of GCF’s Portfolio as well as provide strategic and technical contributions for the establishment, review and refinement of portfolio management frameworks, policies, and guidelines as well as on-going supervision and management of the Fund’s Readiness Projects/Programmes after first disbursement until completion.

Duties and responsibilities


  • Lead, conduct, and coordinate the review of project reports from DPs/NDAs, monitoring and assessing implementation performance of assigned portfolio of projects in order to identify proactively risks and performance challenges as well as devise inform and advise the senior management on appropriate corrective measures as appropriate;
  • Proactively lead and coordinate guidance to DPs/NDAs to ensure the timely compliance with Monitoring and Evaluation (M&E) reporting requirements as per relevant Fund’s frameworks such as GCF’s Monitoring and Accountability Framework, Performance Measurement Frameworks (PMFs), and Readiness Result Measurement Framework (RRMF);  legal and financial terms and conditions and Fund policies and procedures;
  • Lead, coordinate, and contribute to updating and improving the portfolio management functions, strategies, and approaches for managing the projects’ portfolio in particular related to strengthening and standardizing, portfolio monitoring procedures and processes in response to evolving and varied institutional and client needs and contexts.


  • Lead and conduct the restructuring /amendment of Readiness and PPF projects including processing of waivers, etc.;
  • Coordinate interdivisional reviews of, and inputs to Readiness /PPF project report submissions to ensure timely processing of disbursements, waivers, extensions and amendments requests from delivery partners and National Designated Authorities (NDAs) for assigned portfolio of projects and grants;
  • Build, develop, and execute effective relationship management strategies with DPs /NDAs during the implementation phase to facilitate timely information exchange, feedback and corrective actions to manage risks of projects/programmes under implementation as may be required;
  • Advise and guide DPs/NDAs on appropriate portfolio management actions and strategies to assure the healthy portfolio performance and results;
  • Lead, coordinate and contribute to Secretariat-wide/inter-divisional initiatives and represent OPM in internal committees/working groups and external engagements including conferences and meetings as appropriate;
  • Provide guidance and mentorship to junior members of the team and contribute to/ lead hiring processes of consultants and interns (including development of the respective TORs and workplans).


  • Provide, coordinate, and oversee technical inputs and guidance to facilitate the implementation and refinement of monitoring and reporting guidelines for GCF operations, as well as compliance with the Board-approved frameworks as may be required;
  • Contribute to optimization, standardization and improvement of the portfolio management processes and procedures and including early warning systems and inputs for portfolio risk monitoring and mitigation; 
  • Prepare, present and contribute to preparation of reports such as  Annual Portfolio Performance Reports, project reports and issues for consideration by Secretariat Management and Internal Committees/working groups, as well as the Board as may be required;
  • Lead, coordinate and conduct the review, preparation, compilation and presentation of lessons learned, case studies and best practices to inform and improve portfolio selection, implementation and evaluation of GCF readiness projects/programmes portfolio information as may be required;
  • Coordinate and review information on projects/programmes implementation and results in order to update portfolio dashboards and inform corrective portfolio and policy actions needed to improve the performance of the GCF portfolio.

Required experience and qualifications*

  • Advanced university degree in economics, environmental studies, business administration, finance, or other relevant field; or Bachelor’s degree plus additional 2 years relevant work experience;
  • At least 9 years of solid experience in designing and managing capacity building and technical assistance programs is a distinct advantage;
  • Demonstrated track record or working in teams and effectively managing different stakeholders at various levels;
  • Experience in international organizations and/or multilateral development banks is an advantage;
  • Exposure to/knowledge of climate change project issues and/or GCF working modalities is an added advantage;
  • General understanding of the Fund’s instruments (grants, loans, guarantees and equity) and sector investment areas;
  • Ability to articulate and present ideas well both in writing and orally to a diverse audience of stakeholders at technical and strategic levels;
  • Knowledge of the operational framework and fiduciary standards of international public sector institutions;
  • Strong Interpersonal/relationship management and negotiation skills;
  • Excellent analytical skills and problem-solving skills;
  • Ability to work in a multicultural environment with diverse stakeholders at different technical and strategic levels– staff, Board and external stakeholders;
  • Unquestionable integrity and adherence to the highest ethical standards;
  • Excellent written and oral communication skills in English are essential for this position; knowledge of another UN language would be an advantage.

*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.