Green Investment Officer, Climate Funds

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Global Green Growth Institute

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Mexico City, Mexico

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22 days ago

Based in Mexico City, the Green Investment Officer, Climate Funds will support the origination, design and structuring of investment projects, concept notes and funding proposals for the Green Climate Fund and other international climate funds to mobilize international climate finance towards low-carbon development in Mexico and other Latin American countries.

This position reports to the GGGI Regional Investment Lead for LAC. The Officer will spend approximately 50% of her/his time on projects located in Mexico; with the remaining time spent on projects located across Latin America and the Caribbean.

Location
Mexico
City
Mexico City
Contract Type
Staff
Grade
X8
Salary scale
Country Scale
Contract Duration
Until 28 February 2025
Deadline (23:59 KST)
31/01/2023
Job Reference
STA2286

INTRODUCTION

The Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as green growth, which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and the private sector to help build strong economies that are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI supports stakeholders through complementary and integrated workstreams that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans.

GGGI is among the most successful Delivery Partners of the Green Climate Fund (GCF), having delivered an excess of 40 GCF Readiness and Preparatory Support Programs[1] (“Readiness”) aimed at mobilizing international climate finance and private investments for low-carbon development in emerging economies. The Readiness programs, funded by GCF, aim to enhance the institutional capacity, strategic frameworks, and project pipeline of beneficiary governments to mobilize national and international climate finance and private investments for the implementation of nationally determined contribution (NDC) and low carbon development plans.


CONTEXT

GGGI’s Green Investment Services (GIS) unit supports emerging economies to bridge the sustainable development investment gap by developing bankable projects, national financing vehicles and risk reducing instruments to mobilize national and international climate finance. The GIS unit delivers its work by:

  • Developing and maintaining a pipeline of bankable green growth projects;
  • Performing the role of an “arranger”, that is, designing and structuring commercially viable projects that attract climate finance;
  • Structuring financial solutions that blend public/ concessional finance and commercial/private finance in order to reduce risk and consequently help position public and private parties with commercially viable project structures;
  • Designing innovative financial mechanisms often in the form of funds and instruments that reduce and possibly mitigate risks and overcome other barriers specific to green growth;
  • Establishing dedicated vehicles (National Financing Vehicles) capable of blending international and domestic sources of capital for financing green growth;
  • Prioritizing projects and instruments that are impactful and are catalytic, i.e. they mitigate risk sufficiently to pave the way for private investment in the sector;
  • Designing innovative public finance instruments to help developing countries raise long-term concessional finance, including thematic bonds and debt for nature/climate swaps;
  • Integrating social and environmental considerations into projects, valuing and monetizing natural assets where possible, and
  • Advising partner countries on the development of their investment plans.

Between 2017 and 2022 GIS successfully mobilized USD 7 billion dollars in national and international climate finance towards GGGI’s member countries’ NDC and SDG goals.


PURPOSE

  • Manage GGGI’s GCF’s investment projects cycle, including origination, evaluation, structuring, negotiating, and financial advisory to GCF’s Nationally Designated Authorities, Accredited Entities and Executing Entities until approval of concept notes and funding proposals;
  • Lead the origination and structuring of green investment opportunities, including bankable projects, financial instruments, financing mechanism and risk reduction instruments to be presented to the Green Climate Fund and/or other international climate funds;
  • Support the development of concept notes and funding proposals for international climate funds, including the Green Climate Fund, Adaptation Fund and Global Environment Facility
  • Participate to the development of content for knowledge, training, and communication materials on green investments
  • Lead business development efforts by collecting and analyzing market data to support identification of new business opportunities

ENGAGEMENT

  • Organize and deliver consultation and validation workshops to validate products and activities
  • Build and maintain strong relationships with public and private sector counterparts, financial institutions, project developers, banking and multilateral partners and government officials
  • Engage with focal points, accredited entities and executing entities of international climate funds, including the Green Climate Fund, Adaptation Fund and Global Environment Facility
  • Coordinate closely with the México and regional teams as needed to build complementary capabilities and stronger technical delivery to government and private sector partners towards achievement of programs goals and desired impact

DELIVERY

  • Develop GCF concept notes and funding proposals;
  • Develop knowledge products and training material to facilitate the development of high-quality GCF concept notes and funding proposals;
  • Review and provide insights as to address GCF’s comments and feedbacks;
  • Support GGGI country teams by acting as a GCF-expert on all matters related to concept note and funding proposal development;
  • Support the development of GCF Readiness and Preparatory Support proposals;
  • Support the engagement with third-party capital providers to secure co-financing for GCF-funded projects and programs;
  • Develop deal documentation, including financial models, investment teasers, investor pitch decks and information memorandums
  • Perform financial modeling and financial projections (including valuation) to design/recommend suitable financial structures, identify project issues, opportunities, and risk/reward factors
  • Analyze financial data and use financial projections to design and recommend suitable financial structures, with a focus on blended finance mechanisms.

REQUIREMENTS
QUALIFICATIONS

  • Advanced university degree in engineering, finance, business administration or another related field;
  • Preferably 5-6 years of experience working in climate finance, preferably for an international financial institution, national development bank or consulting firm;
  • Experience across the entire investment projects cycle, from origination to financial close;
  • Prior experience designing GCF concept notes and funding proposals is a strong asset;
  • Verbal and written fluency in English and Spanish;
  • Must be a national of Mexico;

FUNCTIONAL

  • 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
  • Knowledge of and experience in adhering to internationally agreed environmental and social safeguards (ESS) and gender-sensitive design requirements.

CORPORATE

  • Understand and actively supports GGGI’s mission, vision and values.
  • Promote diversity and inclusion.
  • Promote the optimum use of public resources.
  • Promote an organizational culture of trust, transparency, respect and partnership.
  • Process and share information easily.
  • Manage emotions and stress positively, builds rapport and resolves conflict easily.
  • Promote creativity and innovation among staff.
  • Be able to lead where needed and provide solutions to project-level challenge.
  • Strong ability to work independently and/or remotely, while maintaining productivity

WORKING CONDITIONS

The Green Investment Officer, Climate Funds is a National Position at X8 grade level in GGGI’s national salary scale. The salary range for the position is USD 51,021-65,327 per annum depending on qualifications and experience GGGI provides 15% of base salary towards retirement plan/long-term savings, 27 days of annual leave, and private health insurance that covers dental and vision. GGGI is committed to providing a work environment that is sufficiently flexible to accommodate diverse life-cycle challenges and assist Staff members to achieve a better balance between work and personal/family commitments, thus ensuring high performance, long-term productivity, and well-being of Staff members.


[1] Country Readiness | Green Climate Fund


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.