Risk Consultant - Renewable Energy Insurance

Alliant Insurance Services is one of the nation’s largest and fastest-growing insurance brokerage and consulting firms. We operate through a network of specialized national platforms and local offices to offer our clients a comprehensive portfolio of solutions built on innovative thinking and personal service. Alliant is changing the way our clients approach risk management and benefits, so they can capitalize on new opportunities to grow and protect their organizations. More information is available on the company's website at: www.alliant.com.

SUMMARY

Responsible for conducting insurance due diligence, advisory and consulting services. This role facilitates communication and relationship management with asset owners, retail brokers, lenders, investors and legal counsels and other financial advisors. STANCE Renewable Risk Partners, Inc. ("STANCE") is an industry leading insurance consulting and advisory firm specializing in the renewable energy sector, and is wholly owned by Alliant Insurance Services, Inc. The company provides independent risk assessment and advisory services to asset owners, lenders, investors, and developers, in project finance transactions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Review project/transaction information such as term sheets, financing agreements, engineering reports, technical loss mitigation aspects, project costs (i.e. calculating replacement cost), revenue proforma (i.e. calculating annual project revenue), loss modeling (i.e., PMLs, MFLs, etc.), hydrology reports or ALTA surveys (to assess flood exposure) and environmental reports (to assess environmental risks) as the documents become available and integrate such aspects and conclusions in Insurance Report.

Present the Insurance Report to owner/financiers for comment in connection with financial closing and address any questions or concerns the asset owner or financing parties may have regarding the insurance program.

Review existing or proposed project insurance policies, endorsements, certificates, binders and/or quotes.

Prepare and create technical insurance analysis (i.e. Insurance Report), which includes detailed analysis of all required insurance policies and whether such policies meet current industry practice for specific asset/financing type, while flagging any gaps or areas of concern.

Create and provide detailed coverage analysis (including all applicable exclusions and carve backs) in Insurance Report while opining if coverages are consistent with industry practice and in compliance with the insurance terms in financing agreements.

Manage deadlines while updating internal task tracking software and maintain project files (data / documents management) and real-time project / document status checklists.

Recommend the minimum insurance program that will be required to support insurable interests and provide input and/or assistance into drafting the insurance requirements for financial documentation.

Monitor internal and external risk factors including economic, market, and regulatory risks.

Review, draft, issue and sign Insurance Consultant Reliance Letters, i.e. certification of the project’s compliance with insurance requirements contained in financing agreement(s).

Compare and summarize contractual insurance requirements against standard industry practice and current market availability; advise if there are any unusual or adverse requirements that could affect the project’s ability to achieve or maintain compliance with their insurance obligations.

Prepare engagement letters and provide clients with a detailed documentation checklist required to perform the scope of work.

Comply with agency management system data standards and data integrity (enter and maintain complete and accurate information).

Performs all duties in accordance with all company policies and procedures, and all federal, state and local laws, wherein the Company operates.

Performs other duties as assigned.

QUALIFICATIONS

EDUCATION / EXPERIENCE

Bachelor's Degree or equivalent combination of education and experience

Ten (10) or more years related work experience within the insurance industry

Multi-industry property and casualty experience with project construction and operations

Project finance experience or understanding of tax equity, acquisitions, debt and construction debt financing

SKILLS

Proficient in Microsoft Office products

Excellent verbal and written communication skills

Excellent customer service skills, including telephone and listening skills

Advanced analytical skills

Excellent leadership, problem solving and time management skills

Excellent planning, organizational and prioritization skills

We are proud to provide comprehensive, high quality employee programs to meet employees' needs now and in the future, including a very competitive financial package. We encourage you to explore what we have to offer.

For immediate consideration for this position, please click on the "Apply" button.

Alliant Insurance Services, Inc. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment based on their qualifications and ability without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, sexual orientation, and gender identity), national origin, ancestry, physical or mental disability, medical condition, marital status, age, genetic information, or status as a protected veteran, in accordance with applicable federal, state, and local laws, including California law.

Applicants are protected under Federal law from discrimination. If you need an accommodation to complete the application process or would like to review these materials in an alternative format, please reach out to [email protected]

For more information on Alliant Insurance Service's benefits, please visit www.alliant.com/about/careers/benefits

Originally posted on Himalayas