Senior Investment Officer, Climate Finance Access Network Advisor, PNG
* 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.
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.
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.
The CFAN advisor will be deployed in the Department of Conservation and Climate Change, Ministry of Environment 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 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 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 advisor 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. The CFAN Advisor will be 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.
- Interact with CFAN community to facilitate assessment of needs and the provision of services, and provide substantive input to program development and assessment of program quality.
- 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.
- Analytical work is effectively organized and delivered; well-integrated with the related work of colleagues and within the anticipated expectations of clients to support the preparation of full project proposals, concept notes, and match making with relevant funding sources within the framework of the GCF Country Program.
- Support the mobilization of climate finance in PNG including domestic revenue generation activities for the purposes of co-financing and implementation of the National Biodiversity Climate Trust Fund and implementation of PNG’s National SDG13 climate action roadmap
- 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.
- Support identify and prioritize actions from Papua New Guinea’s NAP to develop into bankable adaptation project proposals.
- Analyze financial data and use financial projections to design and recommend suitable financial structures.
- Provide coordination support to the Climate Change Development Authority and Department of Foreign Affairs to engage with regional and international funding sources and initiatives with a view towards crowding in climate finance through donor coordination.
- 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.
- 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.
- Advanced university degree in economics, [climate] finance, business administration or another related field. Sectoral expertise in transport, health, agriculture and/or infrastructure is preferred.
- 5-7 years of experience working in climate finance, preferably for financial institution or development agency.
- Experience in establishing strong governance structures for new financial mechanisms.
- 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.
- Demonstrated ability to formulate project proposals in compliance with requirements of various climate finance funds. Familiarity with GCF guidelines and experience navigating the Simplified Approval Process preferred.
- 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.
- 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.
- Cultural sensitivity: to country working environment and various organizational workplace practices to enable implementation of deliverables.
- 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.