Associate, Structured Finance

Fervo Energy; Houston (TX); Hybrid; USD 90,000 - 150,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) with company match

Paid time off and parental leave

Lifestyle Spending Account

Dependent care FSA

Employee Stock Purchase Program

Bonus opportunities

Job summary

Fervo Energy in Houston, TX is hiring a Structured Finance Associate to back financing for geothermal projects. You will build models, structure debt and equity, and coordinate due diligence with internal teams and external advisers.

You’ll prepare CIMs and marketing materials, support PPAs, and help manage information requests through closing. Reporting to the Director of Structured Finance, you will contribute to a climate-tech financing playbook and collaborate with cross-functional teams

Qualifications

• Bachelor’s degree in finance, accounting, economics, or related field.
• 2–4 years of experience in project finance, ideally renewable energy, infrastructure, or banking.
• Experience structuring debt and equity for infrastructure assets.
• Working knowledge of project finance debt, tax equity, and capital stack structuring.
• Strong analytical and financial modeling skills; comfortable with large datasets.
• Proficiency in Microsoft Excel and PowerPoint.
• Excellent communication and organizational skills; proactive and detail-oriented.

Responsibilities

• Develop and oversee financial models used in financing transactions and internal analysis.
• Analyze structuring considerations and financing alternatives.
• Prepare marketing presentations (teasers, CIMs) and support outreach to financing partners.
• Coordinate due diligence with internal teams and external advisors; manage data rooms.
• Support PPA negotiations and provide ad-hoc analytical support for opportunities.
• Collaborate to evaluate debt and equity financing options for projects.
• Draft and review transaction documents with Legal and external counsel; track issues.
• Respond to lender/investor information requests and hand off closed deals to Portfolio Management.

Skills

Financial modeling

Debt structuring

Equity structuring

Excel

PowerPoint

Data analysis

Communication

Education

Finance degree

Tools

Excel

PowerPoint

Job description

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.

Position Description

The Structured Finance Associate will support the Manager, Structured Finance in capital raise activities for Fervo’s enhanced geothermal projects, including project finance debt, project equity, tax equity, tax credit monetization, hybrid corporate/project structures, and various forms of public financing. Responsibilities include building financial models, managing diligence requests, and drafting external presentations for potential project financiers. The Associate will have a unique opportunity to contribute to the financing strategy for one of the world’s most influential first-of-a-kind climate projects, helping write the playbook not just for Fervo but for the broader climate tech ecosystem. This position will report to the Director of Structured Finance.

Responsibilities

Develop and oversee financial models used in financing transactions and internal analysis; analyze and recommend structuring considerations and financing alternatives

Prepare marketing presentations (teasers, CIMs) and support outreach and selection of financing partners

Coordinate various due diligence processes with internal departments (development, construction, operations, finance); manage external stakeholders such as financial advisors, legal counsel, and consultants while managing project data rooms

Support PPA negotiations and provide ad-hoc analytical support for potential commercial development opportunities

Collaborate with cross-functional teams to identify and evaluate potential project financing options, including debt and equity structures

Support the drafting and review of transaction documents alongside Legal and external counsel, tracking open issues to resolution and preparing transaction status updates for senior leadership

Respond to lender and investor information requests and help ensure clean handoff of closed transactions to Portfolio Management, including documentation and compliance requirements

Qualifications

Required

Bachelor’s degree in finance, accounting, economics, or a related field

2–4 years of experience in project finance—ideally within renewable energy, infrastructure, or banking

Experience structuring debt and equity for infrastructure assets

Working knowledge of project finance debt, tax equity, and capital stack structuring

Strong analytical and financial modeling skills, including comfort working with large datasets

Proficiency in Microsoft Excel and PowerPoint

Excellent communication and organizational skills; strong attention to detail

Self-starter with a proactive, adaptable mindset

Preferred

Familiarity with renewable energy offtake arrangements

Exposure to diligence processes, data rooms, and documentation workstreams on live transactions

Experience interacting with lenders, equity investors, or tax equity counterparties

Location

Fervo Energy is headquartered in Houston, TX, with growing offices in Oakland, CA, Golden, CO, Reno, NV, and Salt Lake City, UT. This position follows a hybrid schedule, with team members expected to work in the Houston office three days per week. Some travel will be required.

• Fervo offers a comprehensive benefits package designed to support your health, financial well-being, and life outside of work. Benefits for eligible employees include:
• Medical, dental, and vision plan options
• Employer-paid basic life insurance and short-term and long-term disability coverage
• A 401(k) plan with up to 6% match
• Flexible paid time off and paid parental leave
• Family-building, fertility, hormonal health, pregnancy, postpartum, and parenting support through Carrot
• A dependent care FSA for eligible child and elder care expenses
• An annual Lifestyle Spending Account for eligible wellness expenses, including fitness, financial planning, pet insurance, and pet care
• Employee ownership opportunities through Fervo’s Employee Stock Purchase Program, as well as LTI and bonus opportunities for eligible roles

Benefits and programs are subject to eligibility requirements and may change.

Our Workplace

Fervo Energy highly values having employees work in the office to foster collaboration and strengthen our company culture. This role follows a hybrid schedule, with team members expected to work in the office three days per week. Fervo considers this in-office schedule an essential function of the role.

Equal Opportunity Employer

Fervo Energy is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, gender, religion, marital status, registered domestic partner status, age, national origin, ancestry, physical or mental disability, medical condition, sex, genetic information, sexual orientation, military or veteran status, or any other consideration made unlawful by federal, state, or local law. Fervo also prohibits discrimination based on the perception that an individual has any of these characteristics or is associated with a person who has or is perceived as having any of these characteristics.