Senior Investment Officer, CFAN Advisor, Samoa, Solomon Islands and Tuvalu
* GGGI Senior 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.
** Two advisors will be recruited for this position. The allocation of time each Advisor will spend in support of the countries in the portfolio will depend on the background and experience of the successful candidates. Please indicate if you have a specific country preference and/or experience in your Cover Letter when submitting the application.
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 two CFAN advisors 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.
The two CFAN advisors 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.
Two advisors will be recruited for this position, and will be based in Fiji or Samoa. The two advisors will be deployed remotely in the focal ministries in Samoa, Solomon Islands, and Tuvalu for at least one year with a targeted mandate to access international and domestic sources of public and private finance, and to structure finance for investment in their host country’s priority mitigation and adaptation projects.
The CFAN advisors receive 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 building, maintaining, and strengthening partnerships with government counterparts and international/local stakeholders in the public and private sectors. Finally, the CFAN advisor works with CFAN to conduct climate finance workshops for civil servants, ensuring lasting capacity in-country through knowledge transfer to government officials.
The CFAN advisors will report to the GGGI Country Representative, working closely 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, drawing on relevant materials, resources, and tools from the CFAN Advisor Training.
- Coordinate between national ministries to accelerate projects through the investment pipeline.
- 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.
* As mentioned, two advisors will be recruited for this position. The allocation of time each Advisor will spend in support of the countries in the portfolio will depend on the background and experience of the successful candidates. Please indicate if you have a specific country preference and/or experience in your Cover Letter when submitting the application.
- Participate and successfully complete CFAN’s Advisor Training Program.
- Provide technical support for accessing the international climate funds.
- Develop and submit 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.
- Where possible, pursue opportunities to finance projects through domestic resources as a means of enhancing country ownership.
- Lead both new and on-going 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.
- Manage project cycle, enhance project implementation process, manage, and oversee junior staff and consultants to ensure successful delivery of outputs.
- Perform specific deliverables as follows but not limited to:
* Specific Delivery for Samoa, Ministry of Natural Resources and Environment
- Develop three (3) project concept notes based on priority sectors within Samoa’s NDC Road Map and Investment Plan to be included in the GCF Country Program, IRENA and considered by other potential funding sources.
- Develop two (2) full project proposals on specific areas such as: waste –to- energy technology, introduction of e-vehicles (government fleet) within the land transport sector, encouragement of energy efficiency (EE) within the Tourism Sector and Smart Agriculture Practices to reduce GHG emissions.
- Identify relevant international funding sources for national projects.
* Specific Delivery for Solomon Islands, Ministry of Finance and Treasury
- Review NDC and NAPA priority sectors for climate change investment and turn priorities into project concepts to be included in the GCF Country Program.
- Provide technical support and inputs to the Ministry of Finance and Treasury to develop a GCF readiness proposal to address the gaps identified in the Financial Management Capacity Assessment (FMCA).
- Support local capacity (relevant government ministries) to develop project proposals, project pipeline and identify relevant international funding sources.
- Support and provide inputs and technical expertise to the development of the medium-term plan (1-5year) for the Climate Finance Resilience Unit in the Ministry of Finance and Treasury.
* Specific Delivery for Tuvalu, Climate Change Department of the Ministry of Finance
- Develop Project Concepts for two GCF proposals targeting on 'food security' and 'settlement infrastructure'
- Support and provide relevant inputs and technical expertise in assisting the Climate Change Department to better integrate climate change into sectoral development mechanisms such as 'Triple Dividend of Resilience'.
- Advanced university degree in economics, finance, business administration or another related field.
- 5-7 years of experience working in climate finance, preferably for financial institution or development agency.
- Experience accessing and structuring finance for climate investments.
- Experience with international climate finance institutions, particularly technical aspects of mitigation and adaptation activities
- Demonstrated relationship-building and facilitation skills.
- Fluency in written and spoken English.
- Experience working in developing countries on climate and development issues.
- Demonstrated ability to formulate project proposals in compliance with requirements of various climate finance funds
- Ability to interact and form relationships with high-level government officials and partners
- 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.
- 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.
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.