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Fervo Energy · 3 days ago

Revenue Accountant

Houston, TX

Full-time

Onsite

Senior Level

6+ years exp

Fervo Energy is focused on building cost-effective geothermal power plants and is seeking a Revenue Accountant to support their accounting team. The role involves owning revenue recognition, settlement, and reconciliation for power sales and requires strong collaboration with various teams to ensure accurate financial reporting as the company transitions into operations.

EnergyEnergy EfficiencyEnergy ManagementNuclearRenewable Energy

Responsibilities

Own revenue recognition for power sales and related arrangements in accordance with ASC 606, including contract review, identification of performance obligations, and revenue recognition timing

Manage monthly revenue close processes, including settlement calculations, journal entries, and reconciliations

Prepare and review complex power sales invoices, ensuring accuracy of pricing, volumes, and contractual terms (beyond simple PxQ invoicing)

Reconcile generation data, market settlements, counterparty statements, and internal systems to identify and resolve discrepancies

Partner with Commercial and Market Operations teams to understand PPA structures, settlement mechanics, and market rules

Apply ownership interests per executed leases, ensure accurate revenue allocations, and process timely payments to royalty owners

Investigate and resolve variances between operational data and settlement statements

Build and document scalable revenue accounting and settlement processes as Fervo generates and grows meaningful revenue for the first time

Design and implement internal controls, checklists, and documentation to ensure accuracy, repeatability, and audit readiness

Improve data flows and handoffs across teams and systems (operational data - settlement models - invoicing - GL), identifying automation opportunities and reducing manual risk

Prepare revenue-related schedules and technical support for audits and reporting (e.g., contract summaries, revenue memos, tie-outs)

Demonstrate extreme ownership of accuracy, completeness, and integrity of revenue data and financial reporting

Collaborate cross-functionally with a “builder” mindset—constructing processes, clarifying ambiguity, and creating alignment across stakeholders

Bring strong technical instincts and a love of reconciling data—digging into root causes and continuously improving how work gets done

Operate with urgency, adaptability, and resilience in a fast-scaling, high-performance environment, contributing to a culture of operational excellence and continuous improvement

Qualification

Revenue AccountingASC 606PPA AccountingAdvanced ExcelData ReconciliationERP SystemsCommunication SkillsAttention to DetailCross-Functional CollaborationProblem Solving