Note: The job is a remote job and is open to candidates in USA. Alliant Insurance Services is one of the nation’s largest and fastest-growing insurance brokerage and consulting firms. The Risk Consultant - Renewable Energy Insurance role involves conducting insurance due diligence and providing advisory services, while managing relationships with various stakeholders in the renewable energy sector.
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
Skills
- 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
- 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
Benefits
- 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.
- For more information on Alliant Insurance Service's benefits, please visit www.alliant.com/about/careers/benefits
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