Strategic Finance Manager

About Endurance

Endurance is building the world's first modular subsea geothermal power plants, converting vast thermal resources under the ocean into gigawatts of baseload power. Backed by Founders Fund, Felicis, First Round Capital, and Point
72 Ventures, our founding team includes veterans from SpaceX, Helion, and Robinhood. We have completed multiple deep-ocean deployments and are launching a long-term demonstration project this fall. By leveraging modular design, manufacturing scale, efficient drilling, and latent cooling on the seafloor, we are pioneering a new category of energy that outperforms traditional sources on both environmental impact and cost.

The Strategic Finance Manager is the analytical engine of our Commercial team. You will build and own the project-level financial models behind our live offtake and financing negotiations, maintain the cost-of-capital and $ per MW/MWh trajectory that serves as the company's most-watched leading indicators, keep the single source of truth for deal economics across the company, and leverage quantitative deal metrics to help Endurance make critical business decisions.

This is a builder's seat with immediate live-fire work. We are in active negotiations with strategic customers, a sovereign government, and industrial partners, and each one needs pricing scenarios, capital stack options, and sensitivity analyses that hold up under scrutiny from sophisticated internal and external counter parties. Your models will directly shape term sheets for off-take agreements and project financing structures.

You will report directly to the COO, transitioning to our commercial leadership as the team grows. The role offers unusual exposure for its level: you will sit in negotiations, work directly with executives and outside advisors, and see first-of-a-kind deals from first model to signature.

• Build and own project-level financial models for every pipeline project: pricing, CAPEX, delivered cost of energy, capital stacks, and returns
• Own and maintain the company's cost-of-capital trajectory and proforma pricing/CAPEX ($ per MW/MWh) model(s), keeping it anchored to real financing structures and market comparables
• Support live negotiations with pricing scenarios, term sheet economics, sensitivity analyses, and rapid-turn responses to counter party positions
• Score pipeline projects against our project evaluation framework and maintain the deal-economics source of truth used across the company
• Model government and development finance instruments into project capital stacks, including grants, loan guarantees, and risk-mitigation products
• Build and maintain data rooms for partners, customers, and future lenders
• Support the commercial team's pipeline reporting, including agreement tracking and progress metrics
• Work with outside counsel and advisors to translate economic terms into agreement language, and pressure-test the economics of draft agreements
• Develop pricing and structuring analyses for new markets and new deal types as the pipeline expands
• Be the Endurance lead on real-time economics, pricing, structures, and industry intelligence for GLOBAL commercial and project finance as well as power markets. This includes quantitative and qualitative research into counter party economics, markets, and background.

• ~7 years of experience structuring and modeling capital for real projects or transactions. We care about what you can build, not where you sat; backgrounds in project finance, infrastructure investing, banking, private credit, development finance, developer or IPP finance teams, energy especially geothermal or oil and gas, or corporate development can all fit
• Demonstrated experience building infrastructure-grade, auditable project financial models from a blank workbook: revenue builds, PPA pricing, capital stacks, debt service and sizing, and returns analysis. All built with full sensitivity and scenario analysis capabilities. Advanced Excel modeling skill, with clean, auditable model architecture.
• Creative financier who can integrate blended capital into traditional project finance. Familiarity if not expertise with…