Associate Accounting Officer – Contribution and Equity Investment

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 reconciling and closing balance sheet accounts related to contributions and the program funding (in the form of equity). The role ensures accurate contribution and equity investment transaction recording and supports the financial closure process while maintaining compliance with accounting standards. S/he also manages the disbursement, repayment of borrowing, and commit/decommit process with the Trustee. 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 reconciliation and closing of contribution accounts (grant, borrowing, capital) and equity investment accounts.
• Manage balance sheet accounts pertaining to contributions (Grant-cash/promissory note, Capital grant, and Borrowing) for monthly/quarterly/yearly closing process; reconcile, prepare for the journal entries, and close the AR module on time while ensuring accuracy.  
• Manage balance sheet accounts pertaining to the programme funding (limited to equity investment) for monthly/quarterly/yearly closing process; reconcile, prepare for the journal entries, and close accounts on time while ensuring accuracy.  
• Ensure all transactions are recorded following established accounting standards.
• Maintain up-to-date records and documentation for all activities related to the commitment/de-commitment of funding and disbursement/reflow. 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. 
• Ensure journal entries are completed for commitment, disbursement, and reflow activities independently.
• Lead preparation of supporting documents for accounting of equity and contribution transactions.
• Create additional procedures to streamline activities and make recommendations for improvement.

Engagement

• Work collaboratively with programme and project teams to validate the accuracy of equity investment transactions in the relevant upstream systems (IPMS/PPMS, etc.) and maintain accurate records in Kyriba. 
• Work collaboratively with resource mobilization teams to validate the accuracy of contribution transactions recorded in the relevant upstream systems (IPMS/PPMS, etc.)
• Coordinate with internal/external auditors to address audit queries related to accounts in charge.
• Independently liaise with upstream data owners and the Trustee to reconcile discrepancies in funding records.
• Work with the Trustee to process the commitment/de-commitment of program funding and contributions, process disbursement/reflow of program funding, and resolve any discrepancies in the financial transaction records. 
• Liaise with 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. 
• Support the Senior Accountant on the equity investment fair value adjustment assessment.  
• Collaborate directly with the management reporting team to reconcile the actual committed funding and expenditure amount against the Trustee reports and other internal reports (administrative expenditure report/audited financial reports).
• Work with the management reporting team to calculate the annual decommitment amount and liaise with Trustee for the decommitment processing. 
• 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 assigned accounts including contributions and program funding (in the form of equity investment)-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.
• Track, analyze and explain variances/movements of the accounts 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).
• Make recommendations to, and implement process improvements to enhance the efficiency and accuracy of closing process.
• Monitor 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 (IFRS) 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.
• Highly motivated self-starter, resourceful and capable of working independently.
• Actively seeks to apply technology to appropriate tasks.
• 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.