Insurance Risk Manager Jobs in Paterson, NJ (NOW HIRING)

This role has a hybrid work arrangement (2-3 days a week in our NYC office).
Applicants must be authorized to work for any employer in the United States. We are unable to sponsor or take over sponsorship of any employment-based visas at this time. (e.g., H-1B, TN, visa transfer, green card sponsorship, etc.)
Energy storage is the key to unlocking a future where our world is powered by renewable resources. At Convergent Energy and Power, our mission is to make the electrical grid cleaner, more reliable, and less expensive by leveraging state-of-the-art energy storage and distributed generation technologies.
The Manager, Risk and Insurance is responsible for managing all aspects of Convergent's insurance and enterprise risk management programs across project development, construction, and operational phases. This role oversees property, casualty, and liability insurance, coordinates closely with third-party insurance brokers and advisors, and partners with internal stakeholders to ensure insurance compliance with project financing, tax equity, and contractual requirements.
The Manager, Risk and Insurance also collaborates with the Capital Markets department on tax credit and specialty insurance policies, oversees the company's letter of credit portfolio, and maintains a structured review of off taker and key counterparty credit risk.
Additionally, this role is a core member of Convergent's Risk Committee, proactively identifying, monitoring, and managing enterprise-level risks including financial, operational, regulatory, tax, and health & safety risks.
This is an individual contributor role and therefore does not have any direct reports but will exercise mentorship responsibilities and provide leadership, guidance, and influence to the Associate, Financial Planning and Analysis.
What You'll Do
Project Insurance Policies (50%)
o Manage insurance programs for projects across development, construction, and operations.
o Ensure alignment of insurance coverage with project-level contracts, financing documents, debt agreements, and tax equity requirements.
o Coordinate placement, renewal, and endorsement of construction and operational insurance policies.
o Incidents and claims management
Corporate Insurance Policies (15%)
o Oversee all corporate-level insurance programs.
o Lead annual insurance renewals in coordination with brokers and advisors.
o Ensure policies remain cost-effective, comprehensive, and aligned with enterprise risk profile.
Letters of Credit (15%)
o Oversee the company's letter of credit portfolio.
o Coordinate issuance, renewals, draws, and releases with banks and internal stakeholders.
o Monitor exposure, utilization, and compliance with financial agreements.
Credit Risk Management (10%)
o Review, assess, and maintain a database of off taker and counterparty credit risks.
o Support internal decision-making related to contract counterparties and risk mitigation strategies.
Enterprise and Corporate Risk Management (5%)
o Serve as a key member of the Risk Committee.
o Identify, monitor, and manage key risks including financial, operational, regulatory, tax, and health & safety. Support development and enhancement of risk governance practices.
Leadership (5%)
o Hold check-ins with the Associate, Financial Planning and Analysis, providing guidance, maintaining alignment on priorities and objectives, identifying knowledge gaps to suggest training opportunities to their direct manager, and providing general support to help them succeed in their role.
o Assist the Associate, Financial Planning and Analysis direct manager in performance management activities by providing feedback and input on individual team member performance, strengths and weaknesses.
o Assist in skill development and knowledge sharing, offering mentorship and coaching to help the Associate, Financial Planning and Analysis enhance their capabilities and contribute effectively.
o Foster a positive team culture that embodies Convergent's values.
o Act as a trusted resource and advocate for the Associate, Financial Planning and Analysis, ensuring that concerns, challenges, and process improvements are communicated and/or approved by their direct manager.
o Assist the CFO with hiring and onboarding efforts by providing input on team needs, participating in interviews when appropriate, and helping integrate new hires into team processes.
Requirements
Required Qualifications
o Bachelor's degree (Business, Finance, Risk Management, Insurance, Engineering, or related field).
o Strong written and verbal communication skills with the ability to establish credibility with investors, lenders, insurers, brokers, and underwriters.
o Demonstrated experience providing mentorship or professional guidance.
o English language proficiency.
o Alignment with Convergent's mission and values, and a strong interest in the Clean Energy Transition.
o 5% travel expected, primarily for team or company-wide meetings; occasional travel to remote project sites may be required and may involve driving or air travel.
Preferred Qualifications
o 5-10 years of experience in insurance and/or risk management.
o Professional certifications such as ARM, CPCU, CRM, or RIMS-CRMP.
o Experience with insurance tracking, risk management, or financial platforms.
o Familiarity with distributed energy or infrastructure projects.
o Knowledge of battery storage technologies and associated risks, including fire risk, safety standards, and best operational practices.
Benefits
We're dedicated to fostering a welcoming and inclusive culture that prioritizes the safety and well-being of all our clean energy professionals. We embrace and learn from our diverse backgrounds, encouraging open dialogue and growth. Through resources like our active Employee Resource Groups, DEI Working Group, and comprehensive training and workshops, we're continuing to build a supportive community that celebrates the convergence of our identities.
Our priority is to ensure that every team member feels valued and supported to have a healthy balance between work life and personal life. We believe a full life outside of the office makes for a happier, healthier team. We support that by offering robust benefits such as but not limited to, the following:

• Medical, Dental, and Vision insurance
• Vacation, Sick, and Volunteer days
• 401K with an employer safe harbor match
• Special Vendor Discounts on programs for:
• Identity theft and fraud prevention

Base Salary Range: $125,000 - $140,000; Salary Commensurate with Qualifications and Experience.
We encourage people from minority or marginalized groups to apply. If you don't meet 100% of the above qualifications, but see yourself contributing, please submit an application.
Convergent is an equal-opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, height, weight, or any other characteristic protected by applicable laws, regulations, and ordinances. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements in the country where we operate. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to talent@convergentep.com