Senior Risk Manager, Renewable Energy & Insurance

Nautilus Solar Energy, LLC; Chicago (IL); Hybrid; USD 113,000 - 138,000; Full time

Benefits offered by this job

Benefits (Health, Vision, Dental, Life

Short-Term Disability and Long-Term

Job summary

Nautilus Solar Energy, LLC is seeking a proactive Risk Manager to lead the company’s insurance, risk management, and loss mitigation programs for a nationwide renewable asset portfolio. The role protects financial interests, manages claims, and ensures compliance with financing and investor requirements.

The ideal candidate will bring insurance expertise, renewable energy knowledge, strong financial acumen, and strategic risk-management experience, collaborating with internal teams and external

Responsibilities

• Lead all 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, D&O, pollution, builders risk, and other 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 primary contact for all insurance claims.
• 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 all surety bond programs and financial assurance requirements.
• Administer letters of credit, including issuance, renewals, amendments, releases, and collateral management.
• Evaluate opportunities for 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 contained within project financing, tax equity, and credit agreements.
• Coordinate lender and investor insurance reporting requirements.
• Maintain documentation necessary to demonstrate ongoing compliance with lender and investor obligations.
• 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.

Education

Bachelor's degree in Risk Management, Finance, Business, Insurance, Engineering, or related field

Job description

Nautilus Solar Energy, LLC is seeking a proactive Risk Manager to lead the company’s insurance, risk management, and loss mitigation programs for a nationwide renewable asset portfolio. The role protects financial interests, manages claims, and ensures compliance with financing and investor requirements.

The ideal candidate will bring insurance expertise, renewable energy knowledge, strong financial acumen, and strategic risk-management experience, collaborating with internal teams and external