Climate Investment Restructuring Principal - Consultant (Multiple Roles)

 

Background

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.

 

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.

 

GCF is seeking a top-tier individual(s) with a demonstrable track record of harnessing experience, energy and networks to tackle complex global climate change challenges, who is committed to making a positive, measurable difference through a mission-driven role and thrives in a fast-paced, diverse environment.

 

Department Introduction

This Terms of Reference covers consultancy assignments across all four of GCF’s regional Departments -Africa; Asia-Pacific; Eastern Europe; Central Asia and Middle East ; and Latin America and the Caribbean. These Departments work on origination, pipeline development, and portfolio management across public and/or private sector investments. Consultants engaged under this ToR support leading investments end to end and driving transformative climate adaptation and mitigation impact. Assignments may support any one of the four regional Departments , or work across several of them, according to portfolio need and the Consultant’s experience for an initial period of six (6) calendar months.

 

Position Objective

The Climate Investment Restructuring Principal is a specialist role focused on already-approved Funded Activities whose implementation is off track. The Consultant leads the analytical, operational and coordination work required to diagnose why a project is underperforming and the need to restructure it, through Change Requests, work-outs or adaptive management measures, so that it returns to plan and delivers the climate impact results committed at approval. Reporting to and under the guidance of the relevant Regional Manager, the Consultant acts as project lead on complex, high-value restructurings, owning problem diagnosis, financial re-structuring suggestions, revised due diligence, remedial-action planning suggestions and close performance monitoring through to implementation of the agreed fix. The role carries full autonomy in assessing restructuring proposals and can represent GCF with Accredited Entities (AEs) on distressed and underperforming projects.

 

Under the guidance of the Regional Manager, the Climate Investment Restructuring Principal is expected to make crucial contributions to the efficient and effective management of Funded Activities that undergo Change Requests or Restructurings, ensuring problem projects are brought back on track rather than allowed to stall or to fall short of their approved climate impact. S/he will work in close collaboration with GCF Programming staff, risk and compliance specialists, legal counsel, environmental and social specialists and finance specialists to design and agree workable remedies with Accredited Entities.

 

Duties and Responsibilities

• Undertake the processing of complex Change Requests and/or Restructurings of Funded Activities to resolve implementation challenges and/or include adaptive management measures as required. This also includes supporting Regional Manager in presenting and defending Change Requests and/or Restructurings within internal committees and ultimately to the Board, as appropriate in the case of Major Changes.
• Proactively engage Department’s Team and GCF Management on appropriate corrective measures and approaches to address emerging implementation challenges in Funded Activities. This also includes enhancing on-site implementation with a view to achieving expected performance and results.
• Support in Leading, coordinate and contribute to updating and improving portfolio management functions, strategies and approaches for improving the performance of projects that are off-track. This also includes support in strengthening and standardising restructuring/work-out operating procedures and processes in response to evolving and varied institutional and client needs and contexts.

 

Deliverables

The Consultant will be accountable for the following deliverables, in respect of each Funded Activity assigned:

 

• Restructuring diagnostic and options note -a written assessment of why implementation is off track (root causes, financial, technical, E&S, fiduciary and capacity factors), setting out viable remedial options with a recommended course of action, submitted within an agreed period of assignment to each case.
• Change Request / Restructuring packages -complete, quality-assured submissions prepared in line with GCF policies and procedures, together with the Regional Manager presented and defended within internal committees and, in the case of Major Changes, to the Board.
• Revised project structure and financial analysis-updated financial structuring, models, instrument terms and risk analysis reflecting the restructured transaction, including any re-baselined climate impact and results framework.
• Remedial action / recovery plans - agreed with the Accredited Entity and executing partners, specifying corrective measures, responsibilities, timelines and performance triggers for bringing the project back on track.
• Amended legal and contractual documentation inputs - technical inputs to legal counsel for amendments to Funded Activity Agreements and related documents, through to signature.
• Portfolio performance monitoring and escalation reporting -periodic (monthly or quarterly, as agreed) reporting on the status of assigned at-risk projects, progress against recovery plans, residual risks, and timely escalation to the Regional Manager
• Mission and engagement reports - back-to-office reports and follow-up actions from missions, AE engagements and negotiations undertaken in connection with assigned cases.
• End-of-assignment report - a consolidated account of cases handled, restructuring outcomes achieved, climate impact results safeguarded or restored, and recommendations for the portfolio.

 

All deliverables are to be produced in English and submitted to the Regional Manager for review and acceptance.

 

Required Qualifications and Experience

• Master's degree in Finance, Economics, Business Administration, Environmental Management, Development Finance or a related field; or a Bachelor's degree in a relevant discipline with two (2) additional years of relevant experience.
• Minimum seven(7) years of relevant experience in public and/or private sector projects/programmes, investment analysis, climate/development finance, project finance or portfolio management, with a substantial track record as project or transaction lead.
• At least 3 years leading the structuring, execution and restructuring of investment instruments (equity, debt, guarantees, project finance, grants), including complex or blended structures and workouts negotiated in challenging or sensitive contexts.
• Expert analytical, problem-solving and negotiation skills - financial modelling, risk analysis and portfolio diagnostics - with the ability to quality-assure others' work and deliver under pressure.
• Proven leadership of multi-disciplinary teams and multiple concurrent workstreams to deadline without supervision.
• Strong relationship management and interpersonal skills, with the ability to work in a multicultural environment and articulate ideas clearly, in writing and orally, to technical and strategic audiences.
• Knowledge of the operational framework and fiduciary standards of bilateral/multilateral institutions, and unquestionable integrity.
• Fluency in written and spoken English required; another UN language an advantage.
• Experience with DFIs, MDBs, investment funds, climate finance institutions or international bi/multilateral organisations, exposure to climate finance and the Fund's modalities, and experience across more than one developing-country region are all advantages.
• Fluency in English and other languages depending on the Regional Department needs:

 

Region/Department	Essential	Desirable
Africa - North & West	English, French	Portuguese, Belgian, Dutch, German
Africa - East & South	English
Asia-Pacific	English
Eastern Europe, Central Asia and Middle East	English, and either Russian or Arabic
Latin America	English, Spanish	Portuguese
Caribbean	English

 

Core Competencies

• Analytical & Financial Acumen: Leads the most complex analysis; interprets risk and financial data to drive decisions.
• Autonomy & Accountability: Operates without supervision and is accountable for the outcomes of an assigned portfolio.
• Coordination & Leadership: Leads multi-division reviews, directs senior stakeholders, and mentors junior colleagues.
• Strategic Insight & Innovation: Shapes strategy, workflows, and innovative analytic tools.
• Stakeholder Engagement: Represents OCIO authoritatively with AEs, NDAs, DFIs, and partners.
• Professional Integrity: Demonstrates commitment to ethical standards and responsible management of GCF resources.

 

Integrity & Compliance

• Consultants must adhere to GCF's ethics and conflict of interest policies.
• Consultants working for GCF-accredited entities or project-executing entities will not be eligible to review proposals from their affiliated organizations.
• All Consultants will sign confidentiality and ethics agreements.

 

Application Process

• The closing date for application is 18 October 2026, 23:59 (KST). Applications submitted after the deadline may not be considered.
• The individual(s) 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.
• Please indicate the Region(s) in order of preference that you are best qualified to support -candidates may be considered for any or all regions; and indicate possibility to work either as a Remote or as an Headquarter (Incheon-Songdo) based consultant (GCF contributes to relocation and housing costs in South Korea).
• In case of any technical issues, please email: procurement@gcfund.org. 

 

Note: Due to the high volume of applications, only candidates shortlisted for interview will be contacted regarding the status of their application.