About the position
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.
Responsibilities
- 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.
- 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.
- 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
- Help define and mature Treaty Oak’s enterprise risk management approach, including risk identification, categorization, mitigation tracking, and reporting.
- Maintain and evolve risk registe