Risk Manager

Nautilus Solar Energy • Chicago, IL

4d

About The Position

The Risk Manager serves as the company's central leader for insurance and risk management, ensuring appropriate protection, compliance with financing obligations, and proactive management of risks that could affect the performance, value, and long-term resilience of its renewable energy portfolio. The role develops, implements, and oversees insurance, risk management, and loss mitigation programs across operating and construction-stage solar and energy storage assets. It protects the company's financial interests through appropriate insurance coverage, claims management, risk mitigation, and compliance with financing and investment requirements. The position works closely with internal departments and external stakeholders, including brokers, lenders, tax equity investors, and insurers.

The Risk Manager leads insurance renewals and placement strategy, manages broker and carrier relationships, evaluates coverage, administers claims, and oversees surety bonds, letters of credit, and other financial assurance requirements. The role ensures compliance with insurance obligations in project financing, tax equity, and credit agreements, and develops portfolio risk analytics, dashboards, and executive reporting to identify and mitigate emerging risks.

Requirements

• Bachelor's degree in Risk Management, Finance, Business, Insurance, Engineering, or a 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.
• 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 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 (D&O), pollution, builders risk, and other specialized coverage.
• Analyze coverage terms, exclusions, endorsements, and policy language for alignment with company risk objectives.
• Benchmark insurance 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; coordinate and track submissions, investigations, documentation, and settlement negotiations.
• Partner with operations teams to quantify losses and maximize insurance 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 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

• Competitive salary of $125,000.
• Annual performance bonus.
• Health, vision, dental, basic life insurance, short-term disability, and long-term disability benefits covered 100% by Nautilus.
• 401(k) with employer match.

What This Job Offers

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