Director of Risk and Insurance

Treaty Oak Clean Energy • Austin, TX

2d

About The Position

Treaty Oak Clean Energy (Treaty Oak) is a utility-scale clean energy platform headquartered in Austin, Texas, focused on developing, commercializing, constructing, and operating utility-scale solar plus battery storage projects in targeted U.S. energy markets. Our mission is to create a sustainable future by providing clean, low-cost energy solutions to the grid, benefiting energy consumers, communities, and generations to come. Treaty Oak features an experienced management team with a track record of developing and commercializing 10 GW+ of utility-scale power projects and a collective 100+ years’ experience across critical competencies, including power markets, offtake structuring, design, engineering and real estate, with such expertise being put towards our 15+ GW portfolio of utility scale renewable energy projects across the U.S., including 485 MW of in-construction and operational projects. Treaty Oak is a wholly-owned portfolio company of Macquarie Asset Management (Macquarie), one of the world’s largest infrastructure managers with $600 billion under management, pairing Treaty Oak’s renewables development expertise with Macquarie’s capital backing and global leadership in advancing the energy transition. The Role Treaty Oak is seeking a Director of Risk & Insurance to lead the company’s enterprise-level risk management, insurance strategy, and counterparty credit oversight. This role will consolidate risk-related responsibilities currently distributed across multiple teams and act as a central point of accountability for identifying, assessing, mitigating, and monitoring financial, contractual, operational, and insurable risks across the business. The role will partner closely with Procurement, Investments, EPC, Corporate Finance & Compliance, Legal, Asset Management, and Operations, and will support development-stage M&A, construction financing, supplier contracting, and operational readiness. The position will sit on the Accounting & FP&A leadership team and report to the VP, Accounting and FP&A.

Requirements

• 10+ years of experience in risk management, credit analysis, insurance, project finance, corporate finance, or a related discipline, preferably in energy, infrastructure, or other asset-heavy industries.
• Strong understanding of counterparty credit risk, credit support instruments, and contractual risk allocation.
• Experience working with insurers, brokers, lenders, legal counsel, and commercial counterparties.
• Ability to synthesize complex information and provide clear, pragmatic recommendations to senior stakeholders.
• Proven track record of building or formalizing processes in a growing organization.
• Bachelor’s degree required

Nice To Haves

• Advanced degree or professional certifications (e.g., CFA) a plus.

Responsibilities

• Own Treaty Oak’s framework for counterparty credit assessment and ongoing monitoring across developers, EPCs, equipment suppliers, off-takers, asset managers, and other key counterparties.
• Oversee the application of third-party credit tools and internal credit analysis to inform contracting, investment decisions, and approval workflows.
• Partner with Procurement, Corporate Finance, and Legal to define when credit review is required, how results are evaluated, and how conclusions are documented in approval memos and contract files.
• Lead evaluation and negotiation of credit support structures, including parent company guarantees, letters of credit, cash collateral, escrow arrangements, performance bonds, and other risk mitigants.
• Provide clear recommendations to senior management on acceptable exposure limits, escalation thresholds, and trade-offs between commercial terms and credit risk.
• Support Investments and Development teams activities related to development-stage M&A by assessing seller credit quality, advising on appropriate representations, indemnities, and post-closing protections, and coordinating diligence inputs related to counterparty risk.
• Participate in contract review forums and risk review processes to identify and escalate material contractual risks, including termination exposure, milestone payment structures, liquidated damages, and unsecured prepayments.
• Advise on risk allocation and mitigants in EPC, BESS/PV supply, O&M, Interconnection, and offtake agreements in coordination with Legal and project teams.
• Serve as the primary owner of Treaty Oak’s insurance program, including construction, operational, and corporate coverages.
• Partner with brokers, Legal, and Operations to ensure appropriate coverage limits, deductibles, and policy structures are in place across the project lifecycle.
• Support claims management, insurer communications, and documentation related to insured events.
• Oversee insurance cost forecasting, budgeting, and allocation at the project and portfolio level, and support financial modelling inputs.
• Ensure insurance requirements are appropriately reflected in contracts and financing documents and aligned with lender and investor expectations.
• Monitor and manage catastrophe and weather‑related risk exposures (e.g., hail, wind, wildfire), including evaluation of mitigation strategies and alternative risk transfer solutions where appropriate.
• Maintain insurance compliance tracking post‑close, including renewals, endorsements, certificates, and ongoing policy compliance throughout construction and operations.
• Engage and manage vendors for engineered risk studies supporting project and portfolio-level insurance needs
• Help define and mature Treaty Oak’s enterprise risk management approach, including risk identification, categorization, mitigation tracking, and reporting.
• Maintain and evolve risk registers, contract risk summaries, and related tools used to support internal approvals and executive decision-making.
• Coordinate with Corporate Finance & Compliance to ensure risk processes align with Delegation of Authority, board approvals, and audit expectations.
• Provide structured, decision-useful risk analysis to senior leadership in connection with investments, financings, and major commercial commitments.
• Act as a connective leader across Procurement, Investments, EPC, Finance, Legal, and Operations, translating risk considerations into practical, scalable processes.
• Design and document repeatable workflows for risk review, credit assessment, and insurance coordination that scale with the organization.
• Educate internal stakeholders on risk frameworks, credit concepts, and insurance considerations to improve consistency and decision quality.
• Support audits, lender reviews, and investor diligence by ensuring risk-related documentation and analyses are clear, complete, and defensible.

Benefits

• We offer competitive benefits, including unlimited paid time off, paid holidays, cell-phone stipend, 401K and a fully benefits plan for employees, including Medical, Dental, and Vision, and Life Insurance.

What This Job Offers

• Job Type: Full-time
• Career Level: Director