Senior Settlement Analyst

Fervo Energy • Houston, TX

3d • Hybrid

About The Position

Fervo Energy is hiring a Senior Settlement Analyst to own the end-to-end settlement cycle for its generation assets, from ISO market settlement statements through PPA invoicing and revenue recognition. The role is the authoritative source for amounts owed to and by the company, reconciling ISO charge codes and meter data against contract terms, resolving discrepancies with counterparties and the ISO, and supporting month-end close and external audits.

This is a high-visibility, high-trust position on a small team, working daily with Commercial, Operations, Accounting, and Legal. The analyst’s work informs revenue reported to leadership, lenders, and investors. The role also calls for improving and automating settlement processes. It follows a hybrid schedule, with three days per week in the office, at one of Fervo Energy’s offices in Houston, Texas; Golden, Colorado; Reno, Nevada; Oakland, California; or Salt Lake City, Utah.

Requirements

• 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 such as 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 required calculations.
• Working knowledge of ISO market design, tariff structure, and settlement timelines, including dispute and recalculation processes.
• Strong revenue accounting foundation, including 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 independently query, join, and validate settlement and market data.
• Exceptional attention to detail, judgment in identifying material variances, and ability to explain complex settlement results clearly in writing and conversation.

Nice To Haves

• Active CPA license, or CPA candidate with exams substantially complete.
• Experience operating within a SOX control environment and supporting external audits, 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 such as CAISO, ERCOT, WECC bilateral markets, or others, and to geothermal, renewable, or storage asset settlement.
• Experience with Bid-to-Bill systems (e.g., PCI, Adapt2), ETRM, or energy accounting platforms, and 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 such as Claude, ChatGPT, or similar.

Responsibilities

• Own the monthly ISO settlement cycle for Fervo’s generating assets by validating initial, recalculation, and final settlement statements; reconciling charge codes, meter and telemetry data, and scheduling coordinator invoices; and confirming energy, ancillary services, congestion, and uplift charges.
• Calculate and validate settlements under long-term power purchase agreements and related commercial contracts. Interpret contract terms, including 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; 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.
• Improve, automate, and strengthen settlement processes.

Benefits

• Medical, dental, and vision plan options.
• Employer-paid basic life insurance and short-term and long-term disability coverage.
• 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.
• Dependent care FSA for eligible child and elder care expenses.
• 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.

What This Job Offers

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