Director of Risk and Insurance

Company Overview

Treaty Oak Clean Energy (Treaty Oak) is a utility-scale clean energy platform headquartered in Austin, Texas, focused on developing, commercializing, constructing, and operating utility-scale solar plus battery storage projects in targeted U.S. energy markets. Our mission is to create a sustainable future by providing clean, low-cost energy solutions to the grid, benefiting energy consumers, communities, and generations to come.

Treaty Oak features an experienced management team with a track record of developing and commercializing 10 GW+ of utility-scale power projects and a collective 100+ years’ experience across critical competencies, including power markets, offtake structuring, design, engineering and real estate, with such expertise being put towards our 15+ GW portfolio of utility scale renewable energy projects across the U.S., including 485 MW of in-construction and operational projects.

Treaty Oak is a wholly-owned portfolio company of Macquarie Asset Management (Macquarie), one of the world’s largest infrastructure managers with $600 billion under management, pairing Treaty Oak’s renewables development expertise with Macquarie’s capital backing and global leadership in advancing the energy transition.

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.

· 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.

· 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.

· 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.

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

These five fundamentals guide how we achieve value:

• 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.

Treaty Oak is an equal opportunity employer. We celebrate diverse backgrounds and thoughts and welcome everyone to apply for employment with us. We are committed to fostering an environment that is inclusive, transparent, and collaborative. Mutual respect is central to how Treaty Oak operates, and we believe the best solutions come from diverse perspectives, experiences, and skills. We embrace our differences and know that we are stronger working together.