Posting Date:  May 2024
Schedule:       Full Time
Location:        New York, NY

New Energy Risk (NER) provides critical support to the energy transition by expanding the available financing options and promoting widespread and rapid adoption at scale.  Our clients are technology and project developers seeking capital to commercialize their novel technologies and achieve scale rapidly with cost-effective capital. Our team of engineers, finance professionals, data scientists, actuaries and underwriters assess both commercial and technology risk and design insurance solutions that relocate these risks from the capital markets to the insurance markets. As a result of this risk transfer, our products reduce our clients’ cost of capital and accelerate their commercialization. More, faster, and cheaper capital investment promotes the deployment of critical innovations addressing climate change, pollution, and other issues facing our world today. Over just the past decade , NER’s team has helped unlock $4 billion in capital for a range of projects and technologies driving the energy transition, including fuel cells for Bloom Energy and Brightmark’s conversion of plastic waste to fuel, among others.

Following the passage of the Inflation Reduction Act (IRA) in 2022, NER has developed and is rolling out specialized insurance products to support the diversified and expanded opportunities for investors motivated by the tax incentives to support clean technology deployments, including renewable energy, hydrogen, carbon capture, clean fuels and energy storage. This is an important element of our growth plans.

NER is a unique platform with partners including some of the world’s largest insurance companies and institutional investors. Founded in 2010, we have the reputation of an established company with the nimbleness of a startup. We are growing rapidly to meet market demand as more capital flows toward emerging energy and other technology markets boosted by public policy and corporate low carbon mandates.

The Underwriter will work as a part of our NY office and will work a combination from home and the office. 

We are seeking a self-starting individual with legal and/or accounting experience in tax credit insurance who can work both independently and collaboratively with our colleagues and our world-class insurance partners. The underwriting role will report to our Managing Director of Program Development and will be an integral part of NER’s team, building on our leading market position and reputation. They will be responsible for the execution of NER’s plan to develop and distribute our solutions working with our carrier and reinsurance partners, and the underwriting of energy transition tax credit insurance products.

An ideal applicant for the Energy Transition Tax Credit Insurance Underwriter will have the following skills and experience.

• 5-7 years’ experience in the distribution, underwriting and management of tax credit insurance relating to the energy transition, including:
• Broker distribution and relationship management
• Origination and relationship management with project developers, technology developers, investors and lenders
• Evaluation of financing structures for energy transition investments and businesses
• Product development and enhancement
• Pricing techniques and modeling
• Policy drafting
• Loss control and risk mitigation
• Support for claim assessment and management
• The full array of Section 48 and Section 45 tax credit