Risk Lead (Underwriting & Credit)

Position Summary:

About Redaptive:
Redaptive is an Energy-as-a-Service provider that funds and installs energy-saving and energy-generating equipment. Redaptive’s programs help many of the world’s most sophisticated organizations reduce energy waste, save money, lower their carbon emissions, and meet their sustainability goals across their entire real estate portfolios.
With Redaptive, customers can overcome capital and contractual barriers to achieve energy-saving benefits quickly, all with real-time data powered by Redaptive’s proprietary Data Solutions metering platform. Redaptive was founded in 2015 and is headquartered in Denver, CO. Redaptive is backed by CarVal, ENGIE New Ventures, Linse Capital, CBRE, Evergy Ventures, Rabobank, CPP Investments, and Honeywell.
Our company culture is exciting, collaborative, and fast paced. We are passionate about changing the world and helping our customers to become more environmentally sustainable and profitable. We are looking for team members who are driven, passionate, and want to take on a diverse set of challenges to help grow a great company.
Redaptive, Inc is an equal employment opportunity employer and all qualified applicants will receive consideration for employment. For more information, visit www.redaptive.com.

Position Summary: 

We are seeking an experienced Risk Lead to manage risk policies, underwriting strategies, and credit procedures for distributed power generation (solar and battery storage), energy-as-a-service (EaaS) projects, and equipment finance. 

This role requires a deep understanding of credit risk assessment, financial structuring, and regulatory frameworks to support sustainable and scalable business growth. Your role will be crucial in assessing creditworthiness, managing risk, and ensuring the financial health of the organization through effective credit management and strategic decision-making. 

This position collaborates with various teams within the organization, including Finance, Sales, Engineering, Legal, and other departments to ensure sound risk decisions align with our company's objectives and risk tolerance. Your insights and recommendations will play a crucial role in shaping our risk policies and procedures, ultimately contributing to the overall success and growth of our organization.

Responsibilities and Duties: 

Underwriting & Risk Assessment: 

• Refine and improve credit underwriting frameworks for distributed power projects, energy service agreements, and equipment financing transactions. 
• Assess counterparty risk for project developers, independent power producers, corporate offtakers, and end customers. 
• Work with the pricing function on financial models, cash flow projections, and collateral structures to ensure risk-adjusted returns. 
• Evaluate contract structures, including power purchase agreements (PPAs), lease agreements, and as-a-service models, to identify potential risks and mitigants. 
• Lead the underwriting process for energy projects, ensuring a thorough evaluation of technical and financial aspects. 

Credit Risk & Portfolio Management: 

• Define credit policies and procedures to ensure consistent risk evaluation and decision-making. 
• Monitor portfolio performance, identify emerging risks, and recommend corrective actions. 
• Maintain credit risk exposure limits and provide reporting to senior management. 
• Oversee the credit approval process and team working closely with internal stakeholders. 
• Identify and mitigate potential risks associated with project financing, including technical and operational risks. 

Contract Review & Approvals

• Serve as the primary risk representative in the review and negotiation of contracts and transaction documents. 
• Evaluate and provide input on risk-related business terms within contracts, including indemnities, termination rights, performance guarantees, and payment structures. 
• Collaborate with legal and commercial teams to ensure alignment between risk appetite and contractual obligations. 
• Regulatory & Compliance Oversight: 
• Ensure all underwriting processes comply with relevant regulations and company policies. 
• Ensure compliance with federal, state, and industry regulations related to financing renewable energy assets and energy service contracts. 
• Align risk policies with sustainability and ESG (Environmental, Social, Governance) standards. 
• Cross-Functional Collaboration & Leadership: 
• Work closely with sales, finance, legal, and operations teams to support structured transactions. 
• Provide risk advisory for new product development and market expansion strategies. 
• Lead internal risk training programs to enhance underwriting and risk awareness. 

Required Abilities and Skills: 

• Strong understanding of financial structuring, credit risk analysis, and asset-backed lending. 
• Expertise in power purchase agreements (PPAs) and energy service contracts. 
• Familiarity with renewable energy policies, tax credits, and incentive structures. 
• Excellent analytical, communication, and leadership skills. 
• Experience working with lenders, investors, and credit agencies to assess and mitigate risks. 
• Proven leadership skills with experience managing and developing a team. 
• Exceptional communication and presentation abilities. 
• Ability to work collaboratively in a fast-paced, dynamic environment

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 Education and Experience: 

• 10+ years of experience in risk management, credit underwriting, or project finance, preferably in renewable energy, distributed power, or equipment finance.  
• Bachelor’s degree in engineering (Electrical, Mechanical, Renewable Energy, or related field) and/or Finance, Economics, Business Administration. Advanced degree or MBA preferred. 
• Proven track record in underwriting and financial structuring of complex projects, with an engineering background to assess technical feasibility. 

Physical Demands and Work Environment: 

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.  
• While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers, handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate. 
• Travel: 
• 10% of travel time expected for the position, where the travel occurs, such as locally or in specific countries or states, and whether the travel is overnight. 

The Perks! 

• Equity plan participation 
• Company-subsidized benefits: medical, dental, vision, life insurance 
• Flexible Spending Accounts: healthcare and dependent care 
• 6% 401(k) match with immediate vesting 
• Flexible Time Off  
• Expected annual salary: $175,000 to $200,000 (subject to adjustment for relevant experience, skills, geo location) 
• Annual bonus, subject to company and individual performance 

The company is an Equal Opportunity Employer, drug-free workplace, and complies with ADA regulations as applicable. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities.

Redaptive is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.