Director of Enterprise Risk, Insurance

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Giga Energy

WebsiteLinkedInAll Job Openings

11 - 50 employees

⚡ Energy

🔧 Hardware

💰 $2.3M Seed Round on 2022-03

Energy • Hardware

Giga Energy is a company specializing in the manufacturing and supply of electrical equipment and modular data centers. They provide a wide range of products including 3-phase and 1-phase padmount transformers, substation transformers, and UL 891 switchboards. Their transformers are designed to support both commercial and industrial power distribution needs, while their modular data centers, such as the Giga Box Air™ and Giga Box Hydro™, cater to efficient data management and are particularly designed for bitcoin mining. Giga Energy is committed to high quality, fast lead times, and exceptional customer service in delivering infrastructure solutions that energize the modern world.

📋 Description

• Own Giga’s performance bond strategy end-to-end — structuring and negotiating with sureties to satisfy lender and customer requirements on live deals • Build and manage relationships with insurance brokers and surety providers, taking Giga’s risk profile to market and negotiating terms on a project-by-project basis. • Design and enforce subcontractor bonding requirements, determining what percentage of subcontracted work needs to be bonded on each project. • Right-size Giga’s corporate and project-level insurance programs as the company takes on larger, higher-risk deals. • Get creative when Giga’s balance sheet can’t support the bond size a deal requires — structuring alternative solutions to keep contracts moving. • Partner closely with Legal, Finance, and Growth to build bonding and insurance requirements into deal structuring up front, rather than after contracts are signed. • Advise executive leadership on risk exposure, market conditions, and what’s realistically achievable with sureties and insurers. • Lay the groundwork to build and lead a team as Giga’s enterprise risk function grows.

🎯 Requirements

• 7+ years of experience in performance bonds/surety, insurance, or risk management. • Deep, practical knowledge of how performance bonds are underwritten, priced, and structured. • Experience owning broker and surety relationships and taking a company’s risk profile to market. • Strong understanding of corporate and project-level insurance programs. • Bachelor’s degree in Finance, Business Administration, Law, Construction Management, or a related field. • Comfortable making judgment calls with incomplete information, in an environment that moves faster than typical risk and insurance norms.

🏖️ Benefits

• Subsidized health, dental, and vision insurance • Equity (options) in a rapidly growing startup • 401(k) with 4% employer match • Unlimited PTO • Parental leave • Healthcare and Dependent Care Flexible Spending Accounts (FSA) or Health Savings Account (HSA) • Commuter benefits • Monthly team onsites where all offices come in-person to collaborate