Associate Accounting Officer – Programme Funding

Grade: IS-1
Deadline: 06 August 2025 (11:59 PM KST)
Job Category: International
Salary: USD 87,000 (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 314 projects across 133 countries, with a total commitment of USD 18.0 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 Associate Accounting Officer is responsible for managing and reconciling balance sheet accounts associated with programme funding (grant/loan, etc.) except for the equity investment. The role focuses on the disbursement and reflow process of program funding to Accredited Entities and that for Readiness Programs, the accurate recording of transactions and reconciliation of the relevant accounts and supports the financial close process while maintaining compliance with accounting standards.  The Associate Accounting Officer will support the identification of trends that may inform higher-level reporting and decision-making. Conversely, the incumbent will also examine policies and create standard operating procedures, as well as generate and analyse data, and propose recommendations for improvement.

Purpose 

• Own the accuracy and reconciliation of program-related accounts (e.g., loan receivables, income receivables, fees); Manage accounts pertaining to program funding,  other program-related receivables, investment income  such as income on Funds held by Trustee, Loan interest incomes, various fee incomes, etc.) for monthly/quarterly/yearly closing process; reconcile, prepare for the journal entries, and support the AR module closure on time while ensuring accuracy and completeness.  
• Independently execute journal entries and closing procedures for assigned financial instruments in line with IFRS; ensure all transactions are recorded following established accounting standards.
• Maintain up-to-date records and documentation for all activities related to disbursement/reflow of the program funding (loan) and reflows of various types of investment incomes (interest incomes, accreditation fees, service fees, etc.). Generate and analyse data and trends to inform higher-level decision making.
• Support the Senior Accountant in the financial reporting preparation process by analyzing the variance/movement of balances in charge. 
• Lead the loan interest income calculation and prepare associated journal entries, with validation from Treasury. Additionally, work with the treasury and program/investment teams to ensure the accuracy of loan portfolio data in Kyriba, perform the calculation and prepare for the journal entries, etc. Maintain the supporting documents in an organized/structured manner. 
• Apply technical accounting expertise in preparing SPPI test, prepare journal entries, and maintain the proper documentation. 
• Create additional procedures to streamline activities and make recommendations for improvement.

Engagement

• Work collaboratively with programme and project teams to reconcile upstream data with accounting records, validate the accuracy of investment transactions in the relevant upstream systems (IPMS/PPMS, etc.) and maintain accurate records in Kyriba. 
• Engage treasury and risk teams to calculate Expected Credit losses, prepare journal entries, and maintain the proper documentation. 
• Coordinate with internal/external auditors to address audit queries related to accounts in charge.
• Work with the Trustee to process the commitment/de-commitment and disbursement/reflow of program funding, and resolve any discrepancies in the financial transaction records. 
• Liaise with the treasury, risk teams, and other stakeholders to reconcile financial discrepancies.
• Work closely with program/project teams to engage AEs for necessary financial information request and verification of financial records at GCF against financial records at AEs. 
• Engage with IT/ERP teams to tackle any system issues and refine processes (e.g. optimize the functionality of Kyriba for funding transactions) to enhance efficiency while ensuring accuracy. 
• Participate in regular review sessions with the Accounting Manager and other stakeholders to discuss investment account performance.

Delivery

• Deliver timely and accurate reconciliation of all programme funding (except for equity investment)-related accounts and other investment income related accounts. 
• Ensure all transactions are accurately recorded in accordance with International Financial Reporting Standards (IFRS) and other internal policies.
• Prepare proper documentation to support financial audits and compliance reviews.
• Analyze and explain account movements (variances/movements) and prepare for the financial reports for internal/external purposes - the internal balance sheet report for the senior management, financial reporting preparations for the interna/external audits. 
• Support monthly, quarterly, and annual financial close processes (timely and accurate).
• Implement process improvements to enhance the efficiency and accuracy of closing process.
• Monitor compliance with IFRS and internal policies, raising deviations proactively and report any anomalies or trends in accounts in charge for further investigation.
• Deliver consistent and reliable support during monthly, quarterly, and annual close cycles.
• Provide financial data/ad-hoc financial reporting to internal and external stakeholders upon request.

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 additional 2 years of relevant experience may be accepted in lieu of the Master’s degree requirement.
• Fully qualified Accountant (CA, ACCA, CPA, CIMA) and an active member of the respective professional body which should be a member of the International Federation of Accountants.
• Certification in controls (e.g. COSO internal controls), fraud examination (e.g. CFE), International Financial Reporting Standards (IFRS) will be an asset.

Experience 

• Minimum 2 years of experience in an accounting role, with hands-on experience in account reconciliations (especially financial assets and liabilities), 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 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
• Strong business integrity and holds sensitive information in confidence.
• Strong business integrity and holds sensitive information in confidence.
• Highly motivated self-starter, resourceful and capable of working independently
• Shows willingness to learn new technology.

The closing date for application is 06 August 2025. 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 to apply.