Associate Accounting Officer (Talent Pool)

Grade: IS-1

Deadline: 01 October 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 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 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, reconciling, and closing balance sheet accounts related to expenditures, programme funding (grants/loans), contributions, and equity investments. The role ensures accurate transaction recording, supports financial closure processes, and maintains compliance with accounting standards. The Officer collaborates across teams to validate transactions, resolve discrepancies, and support financial reporting, audits, and process improvements. 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 

     * Manage and reconcile accounts for: Cash (Local bank and Trustee), administrative expenditures (accounts payable, prepayments, Credit Card transactions, cash advances, staff reimbursements, etc.), programme funding (grants, loans, receivables, investment income, fees), contributions (grant, borrowing, capital), and equity investments.

     * Own the reconciliation and closing activities for monthly, quarterly, and yearly processes, including journal entries and sub-ledger closures.

     * Independently manage the three-way match and payment batch run process in Oracle to ensure timely disbursements.

     * Ensure all transactions are recorded in accordance with established accounting standards (IFRS and internal policies).

     * Lead and maintain up-to-date records and documentation for all activities, including commitment/decommitment, disbursement, reflow, and asset management.  Generate and analyse data and trends to inform higher-level decision making.

     * Lead calculation and preparation of Expense Accrual, loan interest income and associated journal entries independently.

     * Support the Accounting Manager in financial reporting by analyzing variances and movements in assigned accounts.

     * Lead the preparation of supporting documents for audits and compliance reviews.

     * Create and implement procedures to streamline activities and recommend improvements.

Engagement

     * Collaborate with programme/project teams, resource mobilization, treasury, procurement, risk, and other stakeholders to validate and reconcile transactions.

     * Coordinate with internal/external auditors to address audit queries and provide necessary documentation.

     * Liaise with the Trustee for commitment/decommitment, disbursement, and reflow processes.

     * Independently liaise with local banks to settle the process and tackle any payment issue.

     * Engage directly with IT/ERP teams to resolve system issues and optimize functionality for financial transactions.

     * Serve as the focal point for expenditure-related system issues and process training for employees.

     * Participate in regular review sessions and team discussions to identify and implement process improvements.

     * Communicate proactively with internal stakeholders regarding discrepancies or process challenges.

Delivery

     * Deliver timely and accurate reconciliation and closing of all assigned accounts.

     * Ensure the transactions and journal entries are timely recording in line with  in accordance with International Financial Reporting Standards (IFRS) and other internal policies.Analyze and explain account movements and prepare financial reporting for internal and external purposes.

     * Uphold robust internal controls and monitor compliance with accounting standards and internal policies.

     * Make recommendations and implement process improvements for efficient payment processing, account reconciliation, and financial close cycles.

     * Monitor and report anomalies or trends in accounts for further investigation.

     * Provide financial data and ad-hoc reporting to internal and external stakeholders upon request.

Education and Certifications

     * Master’s degree in accounting, finance, or a related field (Bachelor’s + 2 years of experience may be accepted).

     * Fully qualified Accountant (CA, ACCA, CPA, CIMA) and active member of a professional body under IFAC.

     * Certifications in controls (e.g., COSO), fraud examination (e.g., CFE), IFRS are assets.

Experience

     * Minimum 2 years of relevant accounting experience, with hands-on reconciliation and financial closure processes.

     * Advanced knowledge of Excel, Word, PowerPoint, Outlook, and BI tools (Power BI, Tableau); Oracle Fusion/Concur experience is an advantage.

     * Project management experience is an advantage.

Competencies

Demonstrates competencies for communication, teamwork, planning and organizing, accountability, client orientation, and technological awareness, including through the following:

     * Ability to work in a fast-changing, multicultural environment with diverse stakeholders.

     * Excellent written and oral communication skills in English.

     * Strong business integrity, confidentiality, and independence.

     * Proactive in applying technology and learning new systems.

     * Identifies priority activities and assignments; adjusts priorities as required.

     * Works collaboratively with colleagues to achieve organizational goals.

     * 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.

The closing date for application is 01 October 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 interviews, appropriate testing, and references.

Applications from women and nationals of developing countries are strongly encouraged to apply.