Senior Settlement Analyst

Fervo Energy (NASDAQ: FRVO) is a modern power company developing next-generation geothermal resources to meet the growing demand for affordable, reliable, 24/7 carbon-free energy. Our mission is to transform geothermal into America’s most dependable and affordable source of clean, around-the-clock power. By combining innovations in horizontal drilling, fiber-optic sensing, and advanced reservoir engineering, Fervo has developed a repeatable approach to building utility-scale enhanced geothermal systems.

Our flagship Cape Station development in Utah is planned to deliver 500 MW of firm, carbon-free power, and we are advancing a development pipeline of more than 50 GW. Join us and work alongside world-class engineers, geoscientists, operators, project builders, and business leaders working to make geothermal a cornerstone of a more reliable, affordable, and sustainable energy future.

We are hiring a Senior Settlement Analyst to own the end-to-end settlement cycle for Fervo’s generation assets — from ISO market settlement statements through PPA invoicing and revenue recognition. You will be the authoritative source on what we are owed, what we owe, and why, reconciling ISO charge codes and meter data against contract terms, resolving discrepancies with counter parties and the ISO, and supporting month-end close and external audit.

This is a high-visibility, high-trust role on a small team. You will work daily with Commercial, Operations, Accounting, and Legal, and your analysis will directly inform revenue reported to our leadership, lenders, and investors. The right person is equally comfortable in the details of a ISO settlement statement and in a conversation explaining a variance to a counter party or auditor. There is meaningful room to improve how this work gets done — we expect this person to automate and strengthen the process, not just execute it.

Own the monthly ISO settlement cycle for Fervo’s generating assets — validate initial, recalculation, and final settlement statements; reconcile charge codes, meter and telemetry data, and scheduling coordinator invoices; and confirm energy, ancillary services, congestion, and uplift charges are correct.

Calculate and validate settlements under long-term power purchase agreements and related commercial contracts. Interpret contract terms — pricing, availability and performance guarantees, curtailment provisions, environmental attributes and RECs, and true-up mechanics — and translate them into accurate monthly invoices and accruals.

Prepare and issue customer invoices, review counter party invoices and statements, and track receivables and payables through to cash. Investigate variances between expected and settled amounts and drive them to resolution.

Identify, document, and pursue settlement disputes with the ISO, scheduling coordinators, and counter parties within applicable timelines. Maintain a clear record of dispute status, exposure, and outcomes.

Deliver settlement-based revenue accruals, journal entries, and reconciliations on the close calendar. Explain month-over-month variances and support revenue recognition conclusions with clear, reviewable work papers.

Bachelor's degree in accounting (or a closely related field with a substantive accounting concentration).

Five or more years of progressive experience in energy settlements, including hands-on responsibility for ISO market settlements — settlement statements, charge codes, meter data, and scheduling coordinator interactions.

Demonstrated experience settling long-term power purchase agreements, including reading contract language and independently building the calculation it requires.

Working knowledge of ISO market design,…