Decarbonizing the energy sector is an urgent challenge, and with the right technology, geothermal energy can play a central role. We are expanding our team to help make this vision a reality. Fervo Energy has developed technology to make geothermal power scalable and cost-effective. Join us and work alongside world-class engineers, researchers, investors, and developers in making geothermal a key pillar of our climate-friendly energy future.
Description
The Structured Finance Manager will work directly with Fervo’s Director of Structured Finance to help build and implement Fervo’s strategy around project finance. Fervo currently has executed PPAs requiring the deployment of $400 million over the next several years and is seeking a finance professional to assist in structuring, marketing, negotiating, and closing of all project capital raises. The successful candidate will have a demonstrated ability to creatively structure project level capital raises and to effectively educate decision makers on the considerations of a variety of approaches. This is a unique opportunity to build and implement a framework for project finance that will revolutionize the structure and marketability of geothermal power development across the country.
Requirements
- Create, model, analyze, market, negotiate, and close innovative project finance structures that achieve the operational and commercial goals of Fervo Energy
- Prepare investor and financier materials related to project finance capital raises
- Manage legal, tax, technical, and insurance advisors to prepare for and respond to diligence requests and deal negotiations
- Provide support to project development team with respect to PPA pricing for RFP opportunities
- Support negotiations with financing counterparties for geothermal assets, including tax equity, construction debt, term debt, and other financial products
- Maintain and refine project pro forma screening model for Fervo’s development pipeline
- Closely follow industry trends and competitors
Qualifications
- 4+ years of finance experience in a transactional role, preferably in investment banking, working for a renewable energy development company, or in another role performing detailed financial analysis
- Experience structuring, marketing, and closing project finance investments that involve project equity, mezzanine debt, construction loans, operating loans, and/or tax equity
- Experience modeling and analyzing project finance concepts
- Self-starter attitude, willingness to plan and execute with little oversight
- Passion for climate change and furthering of renewable energy
- Excellent interpersonal and communication skills
- Entrepreneurial demeanor with demonstrated ability to partner with executives in driving results
