Fervo Energy · 6 hours ago
Operations Controller
Houston, TX
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expFervo Energy is focused on building cost-effective geothermal power plants and is seeking an Operations Controller to support their Cape asset. This role involves overseeing operational accounting, ensuring compliance with GAAP, leading month-end close activities, and working cross-functionally to enhance financial reporting and controls.
EnergyEnergy EfficiencyEnergy ManagementNuclearRenewable Energy
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
Qualification
Required
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
Preferred
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
Company
Fervo Energy
Fervo Energy develops and operates clean energy technology to generate carbon-free energy from geothermal systems.
51-200 employees
Funding
Current Stage
Late StageTotal Funding
$1.45BKey Investors
B CapitalBreakthrough Energy VenturesMercuria
2025-12-10Series E· $462M
2025-06-11Series Unknown· $100M
2025-06-11Debt Financing· $105.6M
Leadership Team
Tim Latimer
Chief Executive Officer
J
Jack Norbeck
Co-Founder and CTO
Recent News
2026-01-07
Crunchbase News
2025-12-17
alleywatch.com
2025-12-16
Company data provided by crunchbase