Insurance Manager and Credit Risk Officer

OX2; Stockholms kommun; On-site; SEK 1,100,000 - 1,600,000; Full time

Benefits offered by this job

Short-term incentive program

30 days vacation

enhanced pension

Wellness allowance

Job summary

OX2, a renewable energy company, is strengthening its Treasury function with a newly created Insurance & Credit Risk Officer role to build the framework for insurances across an expanding international portfolio. You will shape governance, manage risks and collaborate with insurers, brokers and lenders.

You will be the primary interface between Finance and external partners, overseeing insurance programs from development through operations, and evaluating innovative risk transfer solutions

Qualifications

• 5-8 years of experience within Treasury, Risk Management, Project Finance or a related discipline.
• Experience within infrastructure, energy, renewables, utilities or asset-intensive industries.
• Hands-on experience managing insurance programs for infrastructure or renewable energy assets.
• Experience with project finance insurance requirements and lender-related covenants.
• Structured construction all-risk and business interruption insurance structures.
• Strong credit analysis experience involving commercial counterparties and financial institutions.
• Experience working across multiple European markets and jurisdictions.
• Proven ability to manage external advisors, brokers and consulting partners.

Responsibilities

• Own and manage OX2's group-wide insurance program across all markets.
• Lead insurance placements, renewals, broker relationships and claims management processes.
• Ensure appropriate and optimized insurance coverage throughout development, construction and operational phases.
• Manage construction all-risk, property damage, business interruption, liability, D&O and professional indemnity program.
• Own the insurance budget, premium allocation and loss-ratio reporting, and evaluate alternative risk transfer structures where relevant.
• Ensure compliance with lender insurance requirements and act as the primary point of contact for lender insurance advisors.
• Evaluate and recommend emerging risk transfer solutions, including weather and energy yield insurance products.
• Coordinate claims processes in close collaboration with Legal and operational stakeholders.
• Support M&A and divestment processes with warranty & indemnity insurance and transactional risk input.

Job description

At OX2, we are accelerating the transition to renewable energy. We develop, build, own and manage renewable energy assets across multiple markets. Backed by EQT and with a rapidly growing operational portfolio, we are now strengthening our Treasury function with a newly created role: Insurance & Credit Risk Officer.

This is a unique opportunity to build and own OX2's framework for managing insurance across an expanding international portfolio of renewable energy projects and operating assets as well as establishing procedures for assessing counterparty credit risk.

About the role

Reporting to the Head of Treasury, the Insurance & Credit Risk Officer will serve as OX2's centre of excellence for financial risk transfer, ensuring that credit exposures and insurable risks are identified, assessed and appropriately mitigated across the business. You will act as the primary interface between Finance and external insurers, brokers, lenders and key counterparties, while collaborating closely with Asset Management, Operations, TCM, Project Finance, Procurement, Legal and Development teams. The role spans the full project lifecycle, from project development and construction through to operations.

As this is a newly established function and role, you will have a significant opportunity to shape frameworks, processes and governance from the ground up.

Key responsibilities

Insurance

• Own and manage OX2's group-wide insurance program across all markets
• Lead insurance placements, renewals, broker relationships and claims management processes
• Ensure appropriate and optimized insurance coverage throughout development, construction and operational phases
• Manage construction all-risk, property damage, business interruption, liability, D&O and professional indemnity program
• Own the insurance budget, premium allocation and loss-ratio reporting, and evaluate alternative risk transfer structures (e.g. captive insurance) where relevant
• Ensure compliance with lender insurance requirements and act as the primary point of contact for lender insurance advisors
• Evaluate and recommend emerging risk transfer solutions, including weather and energy yield insurance products
• Coordinate claims processes in close collaboration with Legal and operational stakeholders
• Support M&A and divestment processes with warranty & indemnity (W&I) insurance and transactional risk input

Credit Risk

• Assess and monitor the creditworthiness of key counterparties, including PPA offtakers, EPC contractors, O&M providers and financial institutions
• Maintain and develop OX2's counterparty credit risk framework, including exposure monitoring, risk ratings and trigger events
• Advise on credit support structures such as export insurance, letters of credit, parent company guarantees, escrow arrangements and other security mechanisms
• Support project financing activities through credit analysis of commercial counterparties and project contracts
• Monitor compliance with credit-related covenants within project finance facilities
• Lead credit due diligence related to acquisitions, joint ventures and entry into new markets

Qualifications

We are looking for a commercially minded risk professional who combines strong analytical capabilities with the ability to navigate complex stakeholder environments.

We believe you have:

• 5-8 years of experience within Treasury, Risk Management, Project Finance, Structured Finance or a related discipline
• Experience within infrastructure, energy, renewables, utilities or other asset-intensive industries
• Hands-on experience managing insurance programs for infrastructure or renewable energy assets
• Experience with project finance insurance requirements and lender-related covenants
• Structured construction all-risk and business interruption insurance structures
• Strong credit analysis experience involving commercial counterparties and financial institutions
• Experience working across multiple European markets and jurisdictions
• Proven ability to manage external advisors, brokers and consulting partners

Preferred experience

• Renewable energy development, independent power producer (IPP) or infrastructure investment experience
• Understanding of project finance dynamics, including DSCR-driven lending structures
• Experience with guarantees, letters of credit, surety bonds or other credit support instruments
• Background from a Big 4 firm, infrastructure lender, energy insurer or specialist broker

Who you are

You are a structured and analytical professional who enjoys creating order in complex environments. You combine strong commercial judgement with attention to detail and are comfortable working independently while building trust across a wide range of stakeholders.

This is a rare opportunity to take ownership and shape a new role of a strategically important function at a company at the forefront of Europe's energy transition.

You will gain exposure to complex international transactions and renewable energy projects across Europe.

Be part of a purpose-driven company creating a sustainable future

• Short-term incentive program
• 30 days vacation
• enhanced pension
• Wellness allowance

Recruitment Process

At OX2, we believe diverse perspectives strengthen our teams and lead to better decisions. We welcome applicants from all backgrounds and encourage everyone with the right competence, experience and permission to work in the EU to apply.

Our recruitment process is competence-based, which means the qualifications for the role guide the selection and evaluation of candidates. Based on that, we conduct assessments as part of the process to make sure that our process is fair, unbiased, and data driven.