Director of Project Insurance

Position Description

Oklo is seeking to hire a Director of Project Insurance to build and lead the company’s insurance function for projects across our three Power, Fuel and Isotope business units.

This role will own Oklo’s project insurance strategy, project risk management processes, contractual risk review, and risk governance framework across development, supply chain, construction, operations, and decommissioning of assets. The ideal candidate brings deep experience navigating complex industrial, infrastructure, energy, or nuclear-related risk environments and can operate effectively across executive leadership, investors, regulators, counterparties, and insurers.

This position will partner closely with Legal, Finance, Operations, Procurement, Commercial, and Project Development and Execution teams to proactively identify, quantify, mitigate, and transfer risk as Oklo scales. This role reports to the Vice President of Finance and Treasury.

Specific responsibilities may include:

Project Insurance, Surety & Risk Transfer

• Lead the design, procurement, and management of Oklo’s project insurance programs, including property, casualty, liability, builders risk, environmental, nuclear and other specialty coverages
• Manage broker relationships, renewals, claims, and insurer negotiations
• Develop insurance strategies aligned with evolving project development and operational risks
• Evaluate alternative risk transfer structures, captives, and emerging market solutions where appropriate
• Develop and manage Oklo’s project surety strategy, including bonding capacity, surety relationships, collateral requirements, indemnity obligations, and project-specific bonding needs
• Report to Executive Management and the Board of Directors on these programs

Project Risk Management

• Establish and maintain project risk management frameworks and reporting processes
• Identify and assess operational, strategic, financial, regulatory, supply chain and construction risks across projects
• Develop risk mitigation plans including use of financial structures to offset project risks and coordinating across functions as appropriate
• Support executive leadership and Board-level risk reporting as well as external reporting as required
• Use data and analytics effectively in strategic planning and decision making

Commercial & Project Support

• Review contractual indemnities, liability provisions, insurance requirements, and commercial risk allocation
• Identify, negotiate, and drive Oklo’s appropriate share of risk allocation among project participants
• Support project development, financing, construction, and strategic partnership activities
• Collaborate with Legal, Finance and Commercial teams on risk analysis related to major transactions and counterparties

External Relationship Management

• Manage key external relationships across insurance and risk transfer partners, including Aon, surety brokers, underwriters, carriers, and other specialty advisors supporting Oklo’s project-level risk programs.
• Prepare and present clear evidence of tailored nuclear risk frameworks, good governance, safety culture, and risk controls for external audiences
• Partner with banks, financing counterparties, and surety providers to support bonding capacity, collateral requirements, lender insurance diligence, and project-specific risk transfer needs.
• Work with vendors, customers, and commercial counterparties to assess insurance coverage requirements associated with third-party contracts, including indemnity provisions, certificates of insurance, policy limits, exclusions, and