Senior Settlement Analyst

Fervo Energy; Houston (TX); Híbrido; USD 90.000 - 140.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Medical, dental, and vision plans

401(k) plan with match

Paid time off

Parental leave

Employee Stock Purchase Program

Descripción de la vacante

Fervo Energy in Houston, TX is hiring a Senior Settlement Analyst to own the end-to-end ISO market settlement cycle for our generation assets, from statements to invoicing and revenue recognition. You will reconcile data, resolve discrepancies, and support month-end close while communicating with auditors and counterparties.

The role requires five+ years in energy settlements, strong Excel and SQL skills, and the ability to translate contract terms into accurate monthly invoices.

Formación

• Bachelor's degree in accounting or related field with accounting concentration.
• Five+ years in energy settlements including ISO market settlements (statements, codes, meter data).
• Experience settling long-term PPAs and reading contract language for required calculations.
• Knowledge of ISO market design, tariffs, and settlement timelines.
• Strong revenue accounting: accruals, journal entries, reconciliations, month-end close.

Responsabilidades

• Own the monthly ISO settlement cycle: validate statements, recalc, final settlement; reconcile data and scheduling invoices.
• Calculate settlements under long-term PPAs; translate contract terms into monthly invoices and accruals.
• Prepare and issue customer invoices; review counterparty invoices; track receivables/payables through cash.

Conocimientos

ISO settlements

Revenue accounting

Advanced Excel

SQL proficiency

Contract interpretation

Data automation (Python)

Power BI

Auditing/SOX awareness

Educación

Bachelor's degree in accounting

Herramientas

NetSuite

SAP

Adapt2/PCI

ETRM

Power BI

Descripción del empleo

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

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 counterparties 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 counterparty 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.

Responsibilities

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 counterparty 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 counterparties 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 workpapers.

Qualifications

Required

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, tariff structure, and settlement timelines, including the dispute and recalculation process.

Strong revenue accounting foundation — accruals, journal entries, reconciliations, and month-end close discipline in a control-conscious environment.

Advanced Excel skills, including large-dataset work, complex formulas, and pivot-based analysis.

SQL proficiency sufficient to query, join, and validate settlement and market data independently.

Exceptional attention to detail paired with the judgment to know which variances matter, and the ability to explain a complex settlement result clearly in writing and in conversation.

Preferred

Active CPA license (or CPA candidate with exams substantially complete).

Experience operating within a SOX control environment and supporting external audit, including walkthroughs and control testing of settlement processes.

Power BI (or comparable BI tooling) experience building recurring settlement and revenue reporting.

Exposure to ISO/RTO markets — CAISO, ERCOT, WECC bilateral markets, or others — and to geothermal, renewable, or storage asset settlement.

Experience with Bid-to-Bill System (e.g., PCI, Adapt2), ETRM, or energy accounting platforms, and with ERP integration (e.g., NetSuite, SAP, or similar).

Familiarity with renewable energy credits, resource adequacy, and environmental attribute tracking and settlement.

Python or comparable scripting experience for data automation.

Experience using and/or building with AI tools (e.g., Claude, ChatGPT, or similar)

Location

Fervo Energy has offices in Houston, TX, Golden, CO, Reno, NV, Oakland, CA, and Salt Lake City, UT. This position will be eligible for some hybrid work flexibility, but regular in-office presence at any of the above locations 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 a dollar-for-dollar company 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 stock option grants 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. Your recruiter can share more information about the schedule.

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.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in Fervo Energy’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.