Manager, Risk

Job Type: Exempt Salaried, Full-Time

Location: New York, NY (office onsite)

Reports To: Director, Finance

Department: Finance

Job Summary

TerraForm Power is seeking a highly motivated and detail-oriented Risk Manager to support the organization's risk management and insurance programs across its renewable energy operations. This role will be responsible for identifying, assessing, and managing risks and insurance exposures related to the company's assets, projects, and corporate activities.

The ideal candidate will bring a strong understanding of property and casualty insurance coverages, bonding structures, and insurance markets, along with the ability to translate risk management concepts into practical, business-focused solutions. This individual will partner cross-functionally with teams including Operations, Legal, Finance, and Development to ensure appropriate risk mitigation strategies are in place.

Success in this role requires a resourceful and proactive mindset, strong analytical capabilities, and the ability to operate effectively in a fast-paced, evolving environment. The candidate should demonstrate flexibility, reliability, and a positive, solutions-oriented approach, while contributing to the continued growth and resilience of TerraForm Power's renewable energy portfolio.

Key Responsibilities

• Collaborate with a wide range of internal and external stakeholders, including Operations, Legal, Development, Finance, insurance brokers, adjusters, and other third parties.
• Review and provide feedback on insurance provisions of third-party contracts including financing agreements.
• Manage insurance report preparation for financing and other strategic activities with third party consultants, including managing to overall deal timeline and lender/investor diligence coordination.
• Review and coordinate on financing-related annual insurance reporting.
• Insurance claims management and advocating for the business on complex matters.
• Support policy renewals, endorsements, and mid-term changes in coordination with the Corporate Insurance team and insurance brokers.
• Maintain asset-level exposure data and support data quality for underwriting submissions.
• Maintain schedules, statement of values, and insurance applications.
• Assist with surety bond placement, issuance, and distribution.
• Manage, review and distribute COIs to customers.
• Manage the on/offboarding of new projects onto our insurance policy.
• Organize and maintain accurate insurance records.
• Conduct audit of existing insurance programs for assets.
• Review and respond to requests including analysis of data, policies, processes, and regulatory requirements.
• Review and update internal controls documentation as needed (risk-control matrices, narratives, flowcharts, and testing plans).

Skills & Qualifications

• Bachelor's degree with a minimum of four to five years' related experience (risk management, compliance, insurance carrier, broker).
• Industry relevant certifications (CIP, FCIP, CRM, CPA, CA, CIA or equivalent) preferred, but not required.
• Experience working with insurance organizations is considered an asset.
• Strong MS Office skills (Excel, PowerPoint). PowerBI experience is an asset.
• Demonstrated and proven project management or coordination skills.
• Strategic thinker with strong analytical skills and problem-solving ability.
• Demonstrated and proven ability to work effectively in a team environment and maintain positive interpersonal relationships.
• Strong influencing skills: ability to present points of view effectively and gain support for their position while balancing technical and business considerations.
• Experience working with growing organizations with changing needs and multiple complex business transactions.

Compensation: $120,000 - $145,000 USD; bonus eligible

A note to Recruiting Agencies, TerraForm Power Human Resources team does not accept unsolicited resumes from third party recruiters, staffing firms, or related agencies. The Human Resources team coordinates all recruiting and hiring at our company. We do not accept resumes from third-party recruiters unless authorized by the Human Resources team and if a signed agreement is in place. Any unsolicited resumes will be considered property of TerraForm Power and we are not responsible for any related fees. All communication related to recruiting partnerships should ONLY be directed to the Human Resources team.