Senior Tax Credit Insurance Underwriter

2 weeks ago


New York, New York, United States Paragon Insurance Holdings Full time
Position Overview

Why Choose Paragon Insurance Holdings? Since its inception, Paragon has been committed to creating an inclusive and dynamic workplace. Our focus on diversity and adaptability has positioned us as one of the leading Managing General Agents (MGAs) in the industry. We believe that embracing different perspectives leads to innovative solutions and exceptional results.

About New Energy Risk (NER) NER plays a pivotal role in facilitating the energy transition by broadening financing avenues and accelerating the adoption of sustainable technologies. Our clientele includes innovators and project developers seeking financial backing to bring their groundbreaking technologies to market. Our multidisciplinary team, comprising engineers, finance experts, data analysts, actuaries, and underwriters, evaluates both commercial and technological risks, crafting insurance solutions that effectively transfer these risks from capital markets to insurance markets. This strategic risk transfer lowers our clients' capital costs and expedites their market entry.

In response to the Inflation Reduction Act (IRA), NER is launching specialized insurance products designed to capitalize on the expanded investment opportunities arising from tax incentives aimed at clean technology initiatives, including renewable energy, hydrogen, carbon capture, and energy storage. This initiative is crucial to our growth strategy.

Role Summary The Underwriter will be an integral member of our New York office, working in a hybrid environment that combines remote and in-office collaboration. We are in search of a proactive individual with a background in legal and/or accounting aspects of tax credit insurance. The successful candidate will work both independently and collaboratively with our esteemed insurance partners and colleagues.

Key Responsibilities

  • Implement NER's strategy for developing and distributing insurance solutions in collaboration with carrier and reinsurance partners.
  • Underwrite energy transition tax credit insurance products.
  • Manage broker relationships and distribution channels.
  • Engage with project developers, technology innovators, investors, and lenders to foster strong partnerships.
  • Assess financing structures for energy transition investments.
  • Contribute to product development and enhancement initiatives.
  • Utilize pricing techniques and modeling for effective risk assessment.
  • Draft policies and implement loss control measures.
  • Support claims assessment and management processes.
  • Possess comprehensive knowledge of Section 48 and Section 45 tax credits.

Ideal Candidate Profile The ideal candidate will have 5-7 years of experience in the distribution, underwriting, and management of tax credit insurance related to energy transition projects. If you are ready to make a significant impact and be part of a forward-thinking organization, Paragon is the right place for you.

Join Us At Paragon, we are dedicated to fostering a workplace where every team member feels valued and empowered. We are an Equal Opportunity Employer, committed to creating an inclusive environment for all employees.



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