The $8.3 billion Climate Investment Funds (CIF) is providing 72 developing and middle income countries with urgently needed resources to manage the challenges of climate change and reduce their greenhouse gas emissions. Since 2008, the CIF has been leading efforts to empower transformations in the energy, climate resilience, transport and forestry sectors.
CIF concessional financing offers flexibility to test new business models and approaches, build track records in unproven markets, and boost investor confidence to unlock additional finance from other sources, particularly the private sector and the multilateral development banks that implement CIF funding. Total CIF pledges of $8.3 billion are expected to attract an additional $58 billion of co-financing for a portfolio of over 300 projects and counting.
Most recently, looking to the future, CIF’s trust fund committee members have invited a thorough review of CIF with a view to making the funds even more effective as a mechanism for deploying public finance to accelerate the flow of capital into climate-related activities.
The CIF’s success is premised on a solid partnership with national governments, citizen groups and communities, private sector sponsors, the CIF governing bodies, and the five multilateral development banks that serve as co-financiers and implementing agencies of the CIF.
At the center of this collaboration is the CIF Administrative Unit (AU), a 30-person secretariat hosted by the World Bank in Washington, D.C. The CIF AU supports the work of the CIF governing bodies, manages internal and external institutional relations, supports strategy, policy and program development, and oversees the CIF corporate management systems.
The CIF AU is looking to further strengthen its team through the recruitment of a talented and experienced professional to support the Lead Finance Specialist.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 2 year term appointment.
• Updating and reporting key financial and operational metrics;
• Gathering critical finance and operations related information from the Trustee and MDBs;
• Assisting with papers and presentations;
• Liaising with ITS, WFA and the Trustee’s Office to facilitate financial and operational management-related initiatives;
• Documenting key processes;
• Managing CIF’s overall financial position insuring a balance between resources and commitments;
• Supporting the annual CIF AU work planning and budgeting processes, and ongoing budget oversight;
• Contributing to resource mobilization efforts particularly involving innovative financing; and
• Ad hoc requests from the Lead Finance Specialist and Program Manager.
• Experience developing or upgrading management information systems and reporting platforms;
• Familiarity with financial accounting concepts and reporting standards;
• Ability to analyze business processes and systems, recommend improvements, enhance internal controls, and assist with implementation;
• Excellent judgement and ability to work with considerable autonomy under pressure to deliver high quality results in a timely manner;
• Superior ability to communicate complex issues verbally and in writing to a broad range of audiences, and to develop innovative solutions;
• Proactively addresses clients’ stated and unstated needs;
• Collaborates across boundaries, gives own perspective and willingly receives diverse perspectives; and
• A CPA or equivalent accreditation is desirable.