Operations Controller

Fervo Energy • Houston, TX

3d

About The Position

Fervo is seeking an Operations Controller to serve as the accounting owner for Fervo’s Cape asset. This role is responsible for ensuring accurate, timely, and decision-useful financial reporting for Cape Operations Leadership. The position will oversee operational accounting for revenue, capex, and project cost classification, and will partner closely with FP&A and cross-functional stakeholders to strengthen controls, improve processes, and support rapid operational scaling. This role is ideal for an experienced accounting leader who thrives in a fast-paced operations environment, demonstrates extreme ownership, and is motivated by building scalable systems and processes. The Operations Controller will be a hands-on leader initially and is expected to build and manage a team of accountants over time.

Requirements

• B.S. in Accounting, Finance, or related field.
• 10+ years of accounting experience, preferably including project accounting, capex accounting, or revenue accounting.
• 6+ years of accounting experience at an Upstream Exploration & Production operator
• 2+ years of experience with Asset Retirement Obligations accounting at an Upstream Exploration & Production operator
• Strong understanding of GAAP and experience with complex reconciliations and month-end close processes.
• Demonstrated ability to work cross-functionally and translate operational activity into accurate financial results.
• Strong Excel skills and familiarity with accounting/ERP systems.
• Exceptional attention to detail, organizational discipline, and analytical ability.
• Ability to manage multiple priorities in a fast-paced, high-growth environment.

Nice To Haves

• CPA or progress toward CPA certification.
• Experience with NetSuite or similar ERP systems.
• Background in construction accounting, project-based organizations, or capital-intensive industries.
• Experience collaborating with FP&A on budgeting, forecasting, or P&L reporting.
• Prior exposure to operational leadership reporting or cross-functional financial packages.

Responsibilities

• Own operational accounting for Fervo’s Cape asset, including revenue, capex, and project cost classification, ensuring accurate accounting treatment and compliance with GAAP and internal policies.
• Lead month-end close activities for Cape operations, including preparing/reviewing journal entries, reconciliations, and supporting schedules across key accounts.
• Partner closely with FP&A to deliver monthly P&L reporting, variance explanations, and financial insights to Cape Operations leadership.
• Maintain and strengthen internal controls over project accounting, capex tracking, and operational financial reporting; support internal and external audit readiness as needed.
• Work cross-functionally with Operations, Supply Chain, and Engineering to validate financial data, improve cost accuracy, and support project forecasting and decision-making.
• Ensure operational financial reporting aligns with underlying activity (e.g., project progress, procurement timing, cost allocations), escalating risks or gaps as needed.
• Drive process improvements that enhance the accuracy, efficiency, and repeatability of Cape financial reporting, including documentation of standard operating procedures.
• Own end-to-end ARO accounting, including initial recognition, ongoing measurement, accretion, settlements, roll forwards, and revisions driven by changes in timing, scope, cost, inflation, or regulatory requirements.
• Calculate and record accretion and ARC impacts, applying appropriate credit-adjusted risk-free discount rates and ensuring proper capitalization and depreciation within PP&E.
• Partner cross-functionally with Engineering, Operations, Legal, and Environmental teams to identify new or modified AROs and maintain robust supporting documentation and controls.
• Demonstrate extreme ownership over the financial integrity of the Cape asset’s revenue and capex reporting.
• Collaborate closely with Finance, FP&A, Operations, and senior leadership to ensure alignment and timely information flow.
• Provide guidance and mentorship to junior accounting staff supporting project accounting.
• Contribute to a culture of operational excellence and continuous improvement within the broader Finance organization.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior