Manager, Structured Finance

About Fervo Energy

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 seeking a Manager, Structured Finance to serve as an execution lead across Fervo’s capital raises. This role will work closely with Finance, Development, Engineering, and Legal to drive diligence, manage transaction workstreams, and keep financings on track from term sheet to financial close – in support of long-term portfolio value creation. You will join a team that has successfully raised nearly $4bn of capital to date, including Fervo’s first non-recourse project financing.

The Manager, Structured Finance is responsible for quarterbacking the execution of capital raises, including project finance debt, project equity, tax equity, and hybrid corporate / project capital funding structures. The role will drive diligence, manage transaction workstreams and documentation, and keep financings on schedule from structuring through financial close while maintaining high standards of technical rigor, commercial outcomes, and execution quality.

Reporting to the Director, Structured Finance, this role will lead a team of Associates and Analysts and serve as the day-to-day execution lead on one or more concurrent transactions, managing diligence, documentation, and closing mechanics directly with lenders, investors, and advisors. This is a hands-on execution role for a highly organized, detail-oriented finance professional with a proven ability to manage complex infrastructure financings end-to-end and maintain momentum across negotiations, documentation, and closing timelines.

Responsibilities

- Quarterback Deal Execution: Serve as the day-to-day execution lead on capital raises, including project finance debt, project equity, tax equity, and hybrid corporate / project structures. Drive transaction timelines and keep financings moving from term sheet through financial close.

- Diligence & Data Room Management: Own the diligence process for active transactions, including organizing and maintaining data rooms, responding to lender and investor information requests, and coordinating diligence workstreams across internal teams and advisors.

- Structuring & Negotiation Support: Support capital stack design and transaction structuring, balancing project economics, tax efficiency, risk allocation, and bankability. Serve as a day-to-day point of contact in negotiations and manage transaction-level communication with lenders, equity investors, tax equity providers, and strategic partners.

- Documentation & Transaction Materials: Coordinate the drafting, review, and negotiation of transaction documents alongside Legal and external counsel, tracking open issues to resolution. Prepare investment materials, decision memos, and transaction status updates that clearly summarize structure, economics, and execution status for senior leadership.

- Cross-Functional Integration & Risk Management: Coordinate closely with Engineering, Development, Legal, Accounting, Tax, and Asset Management to ensure projects are financeable, accurately modeled, and operationally executable. Flag and help resolve execution risks that could impact closing timelines or transaction quality.

- Financial Modeling & Analysis: Build and maintain financial models supporting capital stack analysis and transaction structuring. Ensure clean and complete handoff of closed transactions to Portfolio Management, including documentation and compliance requirements.

Qualifications

Required

- 4-7 years of experience in project finance, infrastructure investing, energy finance, or investment banking, with direct experience executing complex transactions.

- Strong technical understanding of project finance debt, tax equity, and capital stack structuring, with the ability to support financial modeling and structuring analysis.

- Demonstrated ability to manage diligence processes, data rooms, and documentation workstreams across multiple concurrent transactions.

- Experience coordinating with lenders, equity investors, and tax equity counterparties on transaction execution.

- Highly organized and detail-oriented, with strong execution discipline and the ability to manage competing priorities in a fast-moving, technical environment.

Location

Fervo Energy is headquartered in Houston, TX with growing offices in the Oakland, CA, Golden, CO, Reno, NV and Salt Lake City, UT. This position is eligible for hybrid work from Houston. Some travel will be required.

Benefits & Perks

- 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.