Public Finance Officer, Saint Lucia
JOB DETAIL
Public Finance Officer, Saint Lucia
INTRODUCTION TO GGGI
The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page.
CONTEXT
GGGI in collaboration with the Government of Saint Lucia, the NDC Partnership, and the Green Climate Fund is rolling out technical assistance programs to enhance capacities and increase the mobilization of national and international climate finance and private investments for the implementation of the nationally determined contribution (NDC) and low carbon development.
Significant investments and efforts required for Saint Lucia to adapt to and mitigate climate change. The country has embarked on an ambitious effort to enhance its climate finance ecosystem through the development of a Climate Finance Unit, by diversifying the country´s donor engagement, accessing climate funds and developing new and innovative finance mechanisms to de-risk mitigation and adaptation projects in an attempt to mobilize finance from the private sector. GGGI, in partnership with the NDC Partnership program, will deliver Technical assistance to support institutional strengthening of Saint Lucia’s Climate Change Financing Framework, which will be focused on three primary workstreams: 1) Validate a Climate Public Expenditure Institutional Review Report; 2) Validate and Establish an Institutional arrangement for coordination of Saint Lucia’s climate financing framework, and 3) Roll out the new institutional structure to key stakeholders in Saint Lucia and regionally and internationally to strategic partners to enhance understanding and awareness of Saint Lucia’s National Climate Change Financing Framework. In addition, GGGI will lead a Green Climate Fund (GCF) funded readiness support program to enhance the countries access to the GCF, develop sustainable finance instruments, and mobilize climate finance from both public, private and international financiers.
POSITION SUMMARY
Based in Castries, the Public Finance Officer will deliver technical assistance to the Government of Saint Lucia in assessing and validating a climate public expenditure institutional review, developing institutional arrangements for a Climate Finance Unit, and providing capacity building to Saint Lucia government officials to understand and access climate finance. The Public Finance officer should have experience in policy analysis and public financial management, ideally within Saint Lucia.
PURPOSE
The Officer will act as the team’s public finance expert, enabling and supporting the understanding of climate public expenditures, and policy analysis. The Officer will contribute his/her knowledge of public finance processes, instruments and policies to support the successful delivery of a broad set of interventions, including:
- Delivery of Capacity Building on climate public expenditures
- Data collection, review and analysis of climate public expenditures
- Development of Climate Expenditure Institutional Review Report
- Delivery of validation and consultation workshops
- Identifying and rolling out recommendations from Climate Expenditure Review
- Targeted support to Department of Finance to assess options for and guide the integration of Saint Lucia’s Climate Finance Tracking System
- Provide day to day capacity building and knowledge sharing support to the climate finance unit
- Contribute to concept notes and funding proposals for international climate funds, including the Green Climate Fund, Adaptation Fund and Global Environment Facility;
ENGAGEMENT
- Support public finance engagement with the Government of Saint Lucia
- Build and maintain strong relationships with the Ministry of Finance, local financial institutions, national development banks, international financial institutions and international climate funds;
- Engage with financial regulators to influence finance policy development and decision making;
- Organize and deliver consultation and validation workshops to validate products and activities;
- Participate to GGGI-wide events to create awareness about GGGI Caribbean Program and activities;
- Represent GGGI Caribbean Program in national, regional and international events;
- Support the conceptualization and formalization of the Saint Lucia Climate Finance Unit
DELIVERY
- Support the development of the Climate Expenditure Review and the implementation of the Climate Finance Unit in collaboration with key ministries and national stakeholders
- Support the development of concept notes and funding proposals for the Green Climate Fund, Global Environment Facility and Adaptation Fund;
- Deliver capacity building to local financial institutions for the development of climate public expenditure review and related
- In collaboration with the Communications Assistant, prepare awareness raising material and presentation on climate finance, and disseminating these among key government stakeholders via bilateral virtual meetings;
REQUIREMENTS
QUALIFICATIONS
- Bachelor’s degree in Finance, Economics or other related fields;
- At least 5 years of professional experience in the public finance sector in Saint Lucia or in the Eastern Caribbean, preferably at the Ministry of Finance, Eastern Caribbean Central Bank or a related institution;
- Professional or academic experience in sustainable finance is an asset;
- Verbal and written fluency in English;
- Must have the right to work in Saint Lucia
FUNCTIONAL
- Leadership, teamwork and creative problem-solving abilities
- Ability to develop and maintain working relations with financial sector stakeholders
- Committed to learning about the growing field of sustainable finance
- Ability to multi-task and prioritize under stressful circumstances.
- Ability to interact and form relationships with high-level government officials and partners
- Knowledge of and experience in adhering to internationally agreed environmental and social safeguards (ESS) and gender-sensitive design requirements
CORPORATE
- Understand and actively supports GGGI’s mission, vision and values.
- Promote an organizational culture of trust, transparency, respect and partnership.
- Manage emotions and stress positively, builds rapport and resolves conflict easily.
- Promote creativity and innovation among staff.
- Be able to lead where needed and provide solutions to project-level challenge.
WORKING CONDITIONS
The Public Finance Officer is a National Position at X8 grade level in GGGI’s national salary scale. The starting salary for the position is USD 36,113 per annum depending on qualifications and experience. GGGI provides 15% of base salary towards retirement plan/long-term savings, 27 days of annual leave, and private health insurance that covers dental. GGGI is committed to providing a work environment that is sufficiently flexible to accommodate diverse life-cycle challenges and assist Staff members to achieve a better balance between work and personal/family commitments, thus ensuring high performance, long-term productivity, and well-being of Staff members.
