Investment Officer, Climate Finance Access Network Advisor, Tonga

* GGGI Investment Officer will serve as the Climate Finance Advisor under the CFAN program and will be referred to as CFAN advisor throughout this job posting.

 

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 and is funded with an initial CAD $9.5 million contribution from the Government of Canada.

The CFAN advisor will be hired by the Global Green Growth Institute (GGGI) to join a global cohort of climate finance advisors. The postholder will attend a multi-week, cohort-based training program, which includes a 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.

Location
Tonga
City
Nuku'alofa
Contract Type
Staff
Grade
X8
Salary scale
International Scale
Contract Duration
18-24 months (until 20 September 2023)
Date to close (KST)
26/09/2021
Job Reference
STA2075

 

POSITION SUMMARY

The CFAN advisor will support the recipient country to develop the business case, investment documentation, identify and analyze project opportunities, competitive strengths and weaknesses of projects and their sponsors.

 

PURPOSE

The CFAN advisor will be based at the Department of Climate Change in the Ministry of Meteorology, Energy, Information, Disaster Management, Environment, Climate Change and Communications (MEIDECC) with a targeted mandate to access international and domestic sources of public and private finance, and to support the ministry in structuring finance for investment in their host country’s priority mitigation and adaptation projects.

 

ENGAGEMENT

The CFAN advisor receives technical support from the Network throughout their tenure, and benefits from the Network’s peer-to-peer advisory support. The CFAN advisor plays a critical role in support of building, maintaining, and strengthening partnerships with government counterparts and international/local stakeholders in the public, Non-government Organisations  and private sectors. Finally, the CFAN advisor works with CFAN to conduct climate finance workshops for civil servants, ensure building of capacity in-country through knowledge transfer to government officials.

The CFAN advisor will regularly update and closely collaborate with the CEO and Director of Climate Change at the Ministry of MEIDECC. The Advisor with report to the GGGI Country Representative and work closely with the GGGI Tonga team, the Commonwealth Climate Finance Adviser and with other teams in Pacific Region, GGGI Headquarters, and the Green Investment Service Lead for the Pacific Region, to develop the business case, investment documentation, identify and analyze project opportunities, competitive strengths and weaknesses of projects and their sponsors. As part of CFAN, 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’s Advisor Training Program
    • Advise and provide assistance to Ministry of MEIDECC, the Ministry of Finance and other government line ministries, NGOs and private sector stakeholders in developing project proposals to submit to Green Climate Fund (GCF), Adaptation Fund (AF), Global Environment Facility (GEF) and other relevant donors and partners.
    • Provide assistance to Government of Tonga on how to capitalize the existing Tonga Climate Change Trust Fund.
    • 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 both on-going and new project origination activities and actively contribute to accelerating and adding to the green investment project pipeline.
    • Conduct (pre) feasibility assessment 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.

 

QUALIFICATION REQUIREMENTS

    • Advanced university degree in economics, finance, business administration or another related field.
    • 3-5 years of experience working in climate finance, preferably for financial institution or development agency.
    • Sectoral expertise in coastal protection and infrastructure, food and water security, is preferred.
    • Experience accessing and structuring finance for climate investments.
    • Experience with international climate finance institutions, particularly technical aspects of mitigation and adaptation activities.
    • Fluency in written and spoken English.
    • Experience working in developing countries on climate and development issues.
    • Experience working in Pacific Island countries on climate finance and development issues would be an advantage.

 

FUNCTIONAL REQUIREMENTS

    • 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 REQUIREMENTS

    • 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.

 

Values Logo

Child protection – GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGI’s Child Protection Policy is written in accordance with the Convention on the Rights of the Child.