Director of Risk and Insurance

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.

Key Responsibilities

• Counterparty Risk & Credit Support
• 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.
• Contractual & Transaction 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.
• Insurance Strategy & Placement
• 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.
• 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.
• Enterprise Risk Framework & Governance
• 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.
• Cook up 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.
• Cross-Functional Leadership & Process Design
• 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.

Education and Qualifications

• 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.

Our Values

• Integrity: We do what we say we are going to do.
• Collaboration: We know that we are better together.
• Ambition: We embrace challenge and excellence.
• Adaptability: We find solutions and never quit.
• Safety: We effectively identify and manage risk.

Employee Benefits

• The salary for this position is highly competitive and commensurate with experience.
• 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.

Locations

• Treaty Oak Clean Energy Headquarters

Remote status

• Hybrid