Climate Investment Associate Principal -… at Green Climate… · Incheon

Climate Investment Associate Principal - Asia and the Pacific Region

Location: Incheon, Korea, Republic of

Grade: E
Deadline: 28 August 2026 (11:59 PM KST)

Introduction
The Green Climate Fund is the world’s largest dedicated multilateral climate fund and invests in impactful, innovative, catalytic programs and projects in developing countries across the globe. The GCF has a portfolio of 360 projects across 134 countries, with a total commitment of USD 20.5 billion to date.

In 2023, an additional USD 12.8 billion was pledged, to support our new strategic and programming cycle from 2024-2027; our ambition is to grow to become at least a USD 50 billion fund by 2030. Rooted in the core objectives of impact and efficiency, access and a focus on the most vulnerable, and mobilizing a much higher scale of public and private sector financial flows for climate action we have an unparalleled scale of resources, which, together with our risk appetite and flexibility allows us to bring together different partners and stakeholders in innovative partnerships for profound impact.

GCF is seeking a top-tier individual with a demonstrable track record of harnessing experience, energy and networks to tackle complex global climate change challenges.

You will be committed to making a positive, measurable difference through a mission-driven role, and thrive in a fast-paced, diverse environment.

You will be a nurturer of people: recognizing and growing the talent around you, exemplifying values of transparency, respect and innovation.

You will be committed to learning, knowledge-sharing, convening and communicating with partners to work together to ideate, develop and implement climate action initiatives that make a profound difference to people and planet.

You will join a team of talented, committed individuals representing almost 80 nationalities contributing skills and experience from academic, scientific, private, government and nonprofit backgrounds. Together, we work with governments, communities and civil society, technical agencies, and the private sector across the world.

Interested in more information?
Learn about working for GCF: https://www.greenclimate.fund/about/careers
View current vacancies: https://jobs.greenclimate.fund/

About the Green Climate Fund (GCF)
Set up in 2010 by the 194 countries who are Parties to the United Nations Framework Convention on Climate Change (UNFCCC), GCF takes its responsibility as the world’s largest dedicated multilateral climate fund to heart. GCF funds transformative climate projects across the developing world, supporting countries in their responses and actions to tackle climate change while fostering sustainable development within their communities.

Our country-driven approach ensures that our actions are tailored to the unique circumstances and national aspirations of each nation we support. Besides channeling public and private sector investment through a broad range of financing instruments, GCF builds the capacity of developing countries to take climate action through an extensive Readiness Programme ensuring countries are increasingly well-equipped and financed to manage their climate futures.

Headquartered in the Republic of Korea, GCF operates with a diverse and talented workforce of over 300 people.

Department Introduction
The Climate Investment Associate Principal supports the design, structuring, and management of private sector investment operations under the Department of Asia and the Pacific Region (DAPAC), within the Office of the Chief Investment Officer (OCIO).

Role Summary
Working across regional and global teams, the Associate Principal contributes to origination, due diligence, and execution of climate investment transactions of moderate complexity. The role also supports co-investment initiatives and strategic partnerships that mobilize additional climate finance and strengthen country engagement. Under the guidance of the Private Sector Manager, the Associate Principal may lead select transactions or components of complex projects, and plays an active role throughout the investment lifecycle—from origination to implementation and adaptive management. The Associate Principal also acts as a focal point for assigned countries or regions, supporting continuous dialogue with National Designated Authorities (NDAs), Accredited Entities (AEs), and other stakeholders to ensure alignment with national climate priorities and enhance GCF visibility and impact.

Duties and Responsibilities
1. Investment Origination and Structuring
- Support or lead origination, analysis, and development of new investment opportunities across public and private sectors.
- Conduct financial, economic, and impact assessments for funding proposals and investment opportunities of moderate complexity.
- Contribute to structuring and financial modeling of blended and innovative finance mechanisms, including loans, equity, guarantees, and grants.
- Prepare term sheets, investment memos, and documentation for internal committees and the Board under supervision of the Principal or Manager.
- Coordinate with Legal, Risk, and Policy teams to ensure transactions align with GCF investment frameworks and institutional requirements.
- Engage with NDAs, AEs, and regional teams to identify investment opportunities aligned with country priorities (NDCs, NAPs, and Long-Term Strategies).

2. Portfolio Management and Adaptive Supervision
- Manage or co-lead a defined portfolio of moderate or lower complexity, monitoring performance, disbursements, and key risks.
- Support preparation and review of Annual Performance Reports (APRs), adaptive management measures, and restructuring requests.
- Maintain accurate and updated records of portfolio performance and lessons learned.
- Contribute to portfolio reviews and assist in developing strategies to improve efficiency and impact.
- Engage directly with country focal points and AEs to resolve portfolio implementation challenges and facilitate adaptive management.

3. Country Engagement and/or Strategic Partnerships, Co-Investment
- Assist in developing and implementing co-investment and partnership initiatives with MDBs, DFIs, institutional investors, and other partners.
- Provide analytical support for structuring co-financing opportunities and blended platforms.
- Serve as a GCF focal point for assigned countries or regions, maintaining active communication with NDAs and other national stakeholders.
- Support country dialogues, readiness programming, and partnership development to strengthen GCF’s country ownership and access objectives.
- Represent OCIO in stakeholder missions, regional dialogues, and events, providing technical inputs and promoting GCF’s investment value proposition.

4. Research, Innovation, and Knowledge Management
- Conduct market and sector research to identify emerging investment trends, opportunities, and best practices.
- Contribute to the design and testing of new financial instruments and investment models that enhance GCF’s catalytic impact.
- Document and share lessons learned from investment operations to strengthen institutional knowledge and innovation.
- Support OCIO’s knowledge products, communication materials, and capacity-building efforts.
- Collaborate with regional and thematic teams to ensure knowledge exchange between country engagement, investment design, and policy alignment.

5. Institutional and Operational Coordination
- Coordinate cross-functional inputs and workflows to ensure timely review and approval of investment operations.
- Prepare project documentation, progress summaries, and inputs for internal committees and reports.
- Ensure alignment between country programming, readiness initiatives, and OCIO-led investment pipelines.

Key Relationships
- Internal: Climate Investment Principal, OCIO Managers, OCIO Directors, Legal, Risk, Policy, Climate Impact, DSCI, and Regional Teams.
- External: Accredited Entities (AEs), NDAs, DFIs, MDBs, governments, corporates, institutional investors, and country focal points and partners

Requirements
Qualifications and Experience
- Advanced degree in Finance, Economics, Business Administration, Environmental Sciences, or a related field; CFA or equivalent qualification is preferred. A Bachelor’s degree in a relevant discipline, combined with an additional two (2) years of relevant professional experience, may be accepted in lieu of an advanced degree.
- 8 years of relevant experience in investment, project finance, or climate/development finance across public or private sectors.
- Demonstrated experience leading or supporting moderate complexity investment transactions or portfolios.
- Strong analytical skills in financial modeling, risk assessment, and due diligence.
- Proven ability to manage relationships with NDAs, AEs, and other country stakeholders to advance strategic programming objectives.
- Experience working in multicultural and cross-functional teams; exposure to DFIs, MDBs, or investment firms preferred.
- Fluency in English required; knowledge of another UN language is an advantage.

Core Competencies
Analytical & Financial Acumen

• Applies sound financial analysis and structuring skills to climate investment operations.

Country Engagement & Partnership

• Builds and maintains trusted relationships with NDAs, AEs, and country focal points to advance investment goals.

Strategic & Systems Thinking

• Understands GCF’s investment strategy and aligns activities with broader institutional objectives.

Execution & Accountability

• Ensures quality, compliance, and timeliness in investment and portfolio management outputs.

Innovation & Learning

• Contributes to continuous improvement through analytical insight and creative problem solving

Integrity & Professionalism

• Demonstrates ethical conduct, transparency, and commitment to GCF’s values

For details on grade levels, salary scales and benefits, please refer to: https://www.greenclimate.fund/document/staff-regulations

The closing date for application is 28 August 2026. Applications submitted after the deadline may not be considered.

*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.