Hybrid Director of Risk and Insurance

at Treaty Oak Clean Energy

• Job title: Director of Risk and Insurance
• Job type: Full Time
• Experience level: Lead
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Austin, United States

About the role

• Director of Risk & Insurance leading enterprise-level risk management at utility-scale clean energy company. Focused on developing sustainable energy solutions with a strong emphasis on risk assessment and insurance strategy.

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.
• 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.

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; advanced degree or professional certifications (e.g., CFA) a plus.

Benefits

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