Risk Manager
About The Position
The Risk Manager serves as the company's central leader for insurance and risk management, protecting the financial interests of its national portfolio of operating and construction-stage solar and energy storage assets. The role develops, implements, and oversees insurance, risk management, and loss mitigation programs; ensures compliance with financing and investment requirements; manages claims; and addresses operational and contractual risks that could affect portfolio performance, value, and resilience. The position works closely with internal departments and external brokers, lenders, tax equity investors, insurers, and other stakeholders. The role leads insurance renewals and placement strategy, administers claims and financial security instruments, supports financing and investor compliance, and monitors portfolio risk. It also coordinates risk assessments and catastrophe modeling, develops executive risk reporting, and recommends mitigation strategies for emerging risks.
Requirements
- Bachelor's degree in Risk Management, Finance, Business, Insurance, Engineering, or a related field.
- At least 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.
- Strategic thinking and 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 communication skills, including presenting risk recommendations to senior leadership, lenders, investors, and boards.
Nice To Haves
- Experience in renewable energy, solar, battery storage, infrastructure, or power generation.
- ARM, CPCU, CRM, RIMS-CRMP, or a similar professional designation.
- Experience supporting tax equity and project finance transactions.
- Familiarity with catastrophe modeling and risk analytics platforms.
Responsibilities
- Lead 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, 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.
- Serve as the primary point of contact for insurance claims and coordinate 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.
- Manage surety bond programs and financial assurance requirements.
- Administer letters of credit, including issuance, renewals, amendments, releases, and collateral management.
- Evaluate alternative credit support solutions, including insurance-backed letters of credit and surety products.
- Maintain compliance with project-specific security requirements.
- Ensure compliance with insurance requirements in project financing, tax equity, and credit agreements.
- Coordinate lender and investor insurance reporting requirements and maintain documentation demonstrating ongoing compliance.
- 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.
Benefits
- Annual performance bonus.
- Health, vision, dental, basic life insurance, short-term disability, and long-term disability benefits are 100% covered by Nautilus.
- 401(k) with employer match.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
