Financial Control Officer – Budget Analysis, Execution, and Control (Talent Pool)

Grade: IS-2
Deadline: 3 July 2025 (11:59 PM KST)
Job Category: International
Salary: USD 96,200 (plus attractive benefits, that include the following allowances (as applicable)): Relocation, dependency, housing, education assistance and home country travel.

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 297 projects across 133 countries, with a total commitment of USD 16.6 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 able to quickly scan and analyze complex, competing issues and lead significant sized teams to find solutions in evolving contexts, across multiple geographic locations. 
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. 

Position Objective

The Financial Control Officer - Budget Analysis, Execution and Control is responsible for analyzing and interpreting financial and operational data to guide managerial decision-making on budgetary matters and ensure effective budgetary control in place. S/he collaborates with budget focal points at the Green Climate Fund in analyzing, monitoring, and forecasting budget utilization to guide the efficient allocation of resources to support the work programmes of the Fund. This role ensures accurate administrative expenditure transaction recording and supports the financial close process while maintaining compliance with the accounting standards and the relevant internal policies.

Purpose 

• Manage the administration expenditure data (actual/committed/obligated expenditure) accurately recorded in the relevant upstream/downstream systems (Concur/Travel Expense, Procurement, AP, and GL, etc.); ensure the upstream processes/controls work effectively in maintaining the financial records and producing accurate data for the downstream systems.
• Own the administrative budget execution reporting process (the board mandate); prepare for the reports within the agreed timeframe, review the drafts timely with the Senior Financial Analyst - Management Reporting and the FP&A manager; finalize and publish them accurately on time; Support the FP&A manager on any inquiries arose by internal/external stakeholders (Board, Budget Committee).
• Own the management budget execution reporting process; prepare the reports within the agreed timeframe; review the drafts and finalize them accurately and timely with the Senior Financial Analyst - Management Reporting and the FP&A manager; support the FP&A manager on any inquiries arising from internal stakeholders.
• Own the regular budget projection process; establish the forecasting methodology to provide the strategic and realistic assumptions for the budget holder to adopt and apply to its forecasting process. Collate, consolidate, and analyze the forecast input from the budget owners of each office/department, prepare for the projections, and report to the FP&A manager.
• Lead the development and implementation of automated, system-based reporting solutions (e.g., real-time dashboards, Power BI reports on specific expenditures) in collaboration with the IT team and external vendors. Take ownership of the Budget vs. Actual Dashboard development project.
• Continuously update financial models to support rolling forecasts and projections, inform planning cycles and provide insights on efficient and effective deployment of resources.
• Analyze recurring queries and deficiencies during the engagement in financial planning and analysis and identify potential automation areas/ways to streamline existing processes and systematize the data.

Engagement

• Engages with the planning focal persons at the Fund to clarify the drivers behind their resourcing estimates and obtain information to develop narratives for managerial reports.  
• Engages different departments/offices at the Fund to obtain inputs to models and scenarios that may be required on an ad hoc basis. 
• Collaborates with other team members to prepare managerial reports, financial statements, financial planning, and financial management system implementation.
• Develops appropriate knowledge products to enlighten stakeholders and update internal policies, frameworks, guides, and manuals in financial planning and analysis.
• Work closely with the procurement team and other stakeholders to identify the carry-over items before year-end and prepare for the carry-over run for the year-end closing; prepare the reports/presentation materials for the board/budget committee update within the agreed-upon timeframe.
• Work closely with the IT/ERP and Oracle team to design/implement the budget execution dashboard system to produce the granular level of the budget execution and projection data (actuals/committed/obligated + projected); Maintain the financial data of the dashboard accurately presented and accessible by the proper users at the Fund.
• Work closely with HR and other finance team members to prepare the onboarding training materials for the new staff.
• Support the Budget Planning Analyst and the FP&A manager on the ad-hoc financial reports that are non-budget relevant.

Delivery

• Deliver all the budget execution/projection reports (board-mandated and management reporting) and prepare the associated presentation materials within the agreed timeframe with quality.
• Prepare for the timely and accurate reconciliation of all expense accounts related to administrative operations; Support Accountant Expenditures on the monthly reconciliation of the relevant balance sheet accounts, including credit card and travel expense reconciliation.
• Prepare the monthly expense report as part of the regular monthly closing and management reporting process and review it with the FP&A manager; analyze the expenses in detail against the budget, perform the driver analysis for any variances/outliers; identify the issues to be addressed as part of the monthly closing, post the correction entries in a timely manner, etc.
• Prepare for the expense accrual entries (with the agreed frequency and timeframe).
• Own the monthly/quarterly/yearly closing calendar for the expense cut-off; prepare for the communication, follow up with the relevant stakeholders, etc.
• Maintain the cost center structure to meet business requirements and produce useful financial information for the fund's users; perform regular reviews of the cost center structure and make timely changes in the system.  
• Perform the gatekeeper control role to ensure the accurate cost center and account code reflected on each purchase request (PR) and make a necessary correction to prevent incorrect transactions recorded; For non-PO process transactions, perform the monthly expense records check to detect any incorrect booking and post the adjusting entries as part of the monthly closing process. 
• Perform budget control in the Oracle module(s) as a Finance reviewer/approver; assess budget overrun risk at each PR/PO level (maintain the tracker) and address it with the relevant stakeholders while providing a timely update to the Senior Financial Analyst – Management Reporting for his/her further assessment on budget reallocation/override needs.
• Participates in the Board Meetings and Budget Committee deliberations and provides a succinct and actionable summary of the deliberations of the board and the budget committee within the agreed timeframes.
• Support the audit inquiries relevant to the administrative expenditure with the proper documentation.

Requirements (Education, experience, technical competencies required of the job)

Education and Certifications

• Master’s degree in accounting, finance, or a related field. A Bachelor’s degree in a relevant field with an additional 2 years of relevant experience may be accepted in lieu of the Master’s degree requirement.
• Certified Management Accountant or Certified Institute of Management Accountant (CMA or CIMA) (alternative certifications such as Certified Corporate Financial Planning and Analysis Professional (FPAC) or Certified Financial Modelling and Valuation Analyst (FMVA) may be considered in lieu of CMA/CIMA certification) is highly preferred.

• Fully qualified Accountant (e.g. CA, ACCA, CPA) will be an added advantage.

Experience

• Minimum four (4) years of experience in financial planning and analysis work, with hands-on experience in account reconciliations (AP accounts, expense accruals, etc.), and financial closure processes.
• Proficiency in applying and analyzing the impact of International Financial Reporting Standards in International/multilateral organizations.
• Advanced knowledge of Excel, Word, PowerPoint, Outlook, and Business Intelligence tools such as Power BI and Tableau.
• Oracle fusion/Concur/Oracle Travel Expense module experience will be an advantage.
• Project management experience will be an advantage.

Competencies

• Demonstrates competencies for communication, teamwork, planning and organizing, accountability, client orientation, and technological awareness, including through the following:
• Monitors and adjusts plans and actions as necessary; Uses time efficiently.
• Identifies priority activities and assignments; adjusts priorities as required.
• Allocates appropriate amount of time and resources for completing work.
• Foresees risks and allows for contingencies when planning.
• Ability to be agile and work in a fast-changing multicultural environment with diverse stakeholders at different technical and strategic levels– staff, Board and external stakeholders. 
• Works collaboratively with colleagues to achieve organizational goals.
• Solicits input by genuinely valuing others’ ideas and expertise; is willing to learn from others.
• Delivers outputs for which one has responsibility within the prescribed time, cost, and quality standards.
• Considers all those to whom services are provided to be “clients” and seeks to see things from clients’ point of view.
• Excellent written and oral communication skills in English
• Actively seeks to apply technology to appropriate tasks.
• Shows willingness to learn new technology.