Associate, Capital Portfolio Management

Associate, Capital Portfolio Management

Fervo is building the most cost-effective, repeatable geothermal power plants in the world. Achieving this at scale requires disciplined capital allocation and clear visibility across a growing portfolio of projects. Fervo's success depends on deploying capital efficiently, managing risk across development and delivery, and aligning investment decisions with long-term value creation.

We are seeking an Associate, Capital Portfolio Management to support management and administration of Fervo's portfolio of capital facilities. This role works closely with the Director, Capital Portfolio Management as well as Finance, Legal, Accounting, Development, Asset Management, Treasury, and Engineering teams to ensure capital facilities are administered efficiently, compliance obligations are met, and financing structures support long-term value creation.

The Associate, Capital Portfolio Management will support the ongoing management of Fervo's portfolio of private capital facilities across the full project and corporate lifecycle, including project-level equity, tax equity, project finance debt, and corporate debt facilities.

This role provides hands-on execution support for Fervo's capital stack post-close — helping to ensure financing structures are governed, administered, and optimized from initial construction through operations, refinancings, amendments, and long-term portfolio optimization. The Associate (in tandem with the Director) will work directly with lenders, equity partners, and internal stakeholders to support construction-period execution, maintain compliance, and assist in the efficient deployment of capital across Fervo's growing portfolio of enhanced geothermal projects.

• Support the ongoing management of Fervo's private capital facilities across project and corporate levels, including project finance debt, project-level equity and joint venture structures, tax equity, and corporate debt facilities
• Help establish and maintain disciplined portfolio management practices, including tracking capital structures, maintaining compliance calendars, and organizing governing documentation across the full asset lifecycle

• Support the management of project finance debt facilities throughout construction and operations, including preparation and processing of construction loan draws, tracking borrowing base mechanics and conditions precedent, preparing lender notices, and monitoring compliance reporting and covenant obligations
• Assist in preparing materials for lender consents, waivers, and amendments, and support day-to-day relationship management with lenders and agents following financial close, including helping manage the transition from construction to operations

• Support post-close relationship management for project-level equity, tax equity, and joint venture partners throughout construction and operations
• Assist in managing information rights, approval workflows, reporting obligations, and issue tracking, and help prepare analyses and materials to support project-level decisions and ensure structures are administered in accordance with governing agreements

• Support the administration and compliance of corporate debt and other private capital facilities, including facilitating Letter of Credit postings and surety tracking, and working closely with Treasury on liquidity management, forecasting, and covenant compliance
• Assist in preparing materials for lender and investor communications and ensure consistency between financing obligations and internal financial planning

• Serve as an execution-level point of coordination across Legal, Engineering, Accounting, Development / Asset Management, Treasury, and other functions to support effective governance and reporting across the capital portfolio

• Serve as a foundational member of the Capital Portfolio Management team and promote successful implementation of a robust platform for administering multiple capital…