Risk Manager

Position Purpose

This role serves as the company's central leader for insurance and risk management, ensuring that the organization maintains appropriate protection, remains compliant with financing obligations, and proactively manages risks that could impact the performance, value, and long-term resilience of a growing renewable energy portfolio.

• Risk Manager, Insurance & Enterprise Risk
• Location: Remote / Hybrid
• Department: Asset Management
• Reports To: Vice President, Asset Management
• Position Summary

The Risk Manager is responsible for developing, implementing, and overseeing the company's insurance, risk management, and loss mitigation programs across a national portfolio of operating and construction-stage solar and energy storage assets. This position protects the company's financial interests by ensuring appropriate insurance coverage, managing claims, mitigating operational and contractual risks, and maintaining compliance with financing and investment requirements.

The ideal candidate brings a combination of insurance expertise, renewable energy industry knowledge, financial acumen, and strategic risk management experience. This role partners closely with other departments internally, and external stakeholders including brokers, lenders, tax equity investors, and insurers.

Insurance Program Management

Lead all annual broker negotiations and insurance renewals across the operating and construction portfolio.

Develop and execute insurance placement strategies to optimize coverage, deductibles, and total cost of risk.

Manage relationships with insurance brokers, carriers, consultants, and third-party advisors.

Evaluate and recommend property, casualty, environmental, cyber, directors and officers (D&O), pollution, builders risk, and other specialized coverages.

Analyze coverage terms, exclusions, endorsements, and policy language to ensure alignment with company risk objectives.

Benchmark coverage and cost structures against industry standards.

Maintain insurance schedules and portfolio-level coverage reporting.

Claims Administration & Recovery

Serve as primary point of contact for all insurance claims.

Coordinate and track claim submissions, investigations, documentation, and settlement negotiations.

Partner with operations teams to quantify losses and maximize recovery opportunities.

Develop lessons learned and loss prevention initiatives following claim events.

Bonds, Letters of Credit & Financial Security Instruments

Manage all surety bond programs and financial assurance requirements.

Administer letters of credit, including issuance, renewals, amendments, releases, and collateral management.

Evaluate opportunities for alternative credit support solutions, including insurance-backed letters of credit and surety products.

Maintain compliance with project-specific security requirements.

Financing & Compliance

Ensure compliance with insurance requirements contained within project financing, tax equity, and credit agreements.

Coordinate lender and investor insurance reporting requirements.

Maintain documentation necessary to demonstrate ongoing compliance with lender and investor obligations.

Portfolio Risk Analytics

Monitor portfolio exposure to weather, natural catastrophe, operational, regulatory, cyber, and market risks.

Coordinate catastrophe modeling and insured value analyses.

Develop risk dashboards and executive reporting metrics.

Facilitate periodic risk assessments with business leaders.

Identify emerging risks and recommend mitigation strategies.

Requirements

• Bachelor's degree in Risk Management, Finance, Business, Insurance, Engineering, or related field.
• 7+ years of experience in insurance, risk management, renewable energy, infrastructure, power generation, or related industries.
• Demonstrated experience managing complex insurance programs and claims.
• Strong understanding of property and casualty insurance concepts and policy structures.
• Experience working with brokers, carriers, lenders, and legal teams.
• Strong analytical, financial, and negotiation skills.
• Preferred
• Experience within renewable energy, solar, battery storage, infrastructure, or power generation sectors.
• ARM, CPCU, CRM, RIMS-CRMP, or similar professional designation preferred.
• Experience supporting tax equity and project finance transactions.
• Familiarity with catastrophe modeling and risk analytics platforms.
• Leadership Competencies
• Strategic thinker with strong business acumen.
• Ability to balance risk mitigation with commercial objectives.
• Executive presence and strong stakeholder management skills.
• Strong project management and organizational capabilities.
• Effective communicator capable of presenting risk recommendations to senior leadership, lenders, investors, and boards.