Blackwater & Steel

Treasury Analyst

Energy

About Fervo Energy

Fervo Energy (NASDAQ: FRVO) is a modern power company developing next-generation geothermal resources to meet the growing demand for affordable, reliable, 24/7 carbon-free energy. Our mission is to transform geothermal into America’s most dependable and affordable source of clean, around-the-clock power. By combining innovations in horizontal drilling, fiber-optic sensing, and advanced reservoir engineering, Fervo has developed a repeatable approach to building utility-scale enhanced geothermal systems. Our flagship Cape Station development in Utah is planned to deliver 500 MW of firm, carbon-free power, and we are advancing a development pipeline of more than 50 GW. Join us and work alongside world-class engineers, geoscientists, operators, project builders, and business leaders working to make geothermal a cornerstone of a more reliable, affordable, and sustainable energy future.

Position Description

We are seeking a Treasury Analyst who is excited by Fervo’s mission, motivated to build reliable and scalable cash management processes, and committed to maintaining best-in-class financial discipline. This role is ideal for an early-career finance professional who brings strong analytical capability, attention to detail, and a desire to grow within a dynamic, high-performance environment.

As a Treasury Analyst, you will support Fervo’s day-to-day treasury operations, including cash reporting, reconciliations, and liquidity tracking. You will play a critical role in ensuring accurate visibility into the company’s cash position and supporting timely, reliable financial reporting.

You will work closely with Accounting, FP&A, and external banking partners to maintain cash controls, support transaction processing, and strengthen treasury reporting processes. This role provides hands-on exposure to corporate treasury operations within a rapidly scaling organization.

Responsibilities

Cash Management & Reporting

  • Prepare and maintain daily, weekly, and monthly cash position reports across all bank accounts and support short-term cash forecasting.

  • Monitor cash movements, wire activity, and account balances to ensure accuracy and completeness.

  • Assist with maintaining appropriate internal controls over cash transactions.

  • Communicate and coordinate with internal groups, including Accounts Payable and Land, and externally with banking partners to support smooth cash operations.

  • Respond to internal and external audit requests by gathering bank statements, reconciliations, and transaction records, and provide clear, well-organized documentation to support timely audit completion.

  • Support preparation of materials for monthly meetings, including treasury reporting, liquidity updates, and key performance insights.

Reconciliation & Controls

  • Investigate and resolve discrepancies related to cash transactions and treasury activity.

  • Partner with Accounting during month-end close to ensure accurate cash reporting and supporting schedules.

  • Maintain organized treasury documentation to support internal and external audit request.

  • Support ongoing enhancements to treasury processes to improve accuracy, scalability, and efficiency.

Transaction Support & Banking Operations

  • Assist with wire processing, ACH transactions, and banking portal administration.

  • Support bank account maintenance activities, including documentation and signatory updates.

  • Partner with cross-functional teams to ensure timely and accurate execution of cash transactions.

  • Support the evaluation and implementation of treasury products and banking tools to improve efficiency, controls, and process automation.

Team and Culture

  • Demonstrate extreme ownership of accuracy, completeness, and timeliness in all treasury reporting.

  • Collaborate closely with Accounting, FP&A, and cross-functional partners to ensure seamless financial operations.

  • Work with urgency, adaptability, and resilience in a fast-paced, high-growth environment.

  • Contribute to a culture of operational excellence and continuous improvement within the Finance organization.

Qualifications

Required

  • B.S. in Finance, Accounting, Economics, or a related field.

  • 2–5 years of experience in treasury, accounting, finance, or related corporate finance functions.

  • Experience with cash reporting, bank reconciliations, or liquidity tracking.

  • Strong proficiency in Excel, including comfort working with large data sets and financial models.

  • Exceptional attention to detail and commitment to accuracy.

  • Strong organizational skills and ability to manage multiple priorities.

  • Excellent communication skills and ability to work cross-functionally.

Preferred

  • Experience in corporate treasury operations within a high-growth company.

  • Exposure to ERP systems and banking platforms.

  • Experience supporting audits or internal control documentation.

  • Familiarity with short-term cash forecasting or liquidity management.

  • Experience in infrastructure, energy, project finance, or capital-intensive industries.

  • Hands-on experience applying AI tools to strengthen treasury processes and workflows.

Location

Fervo Energy has offices in Houston, TX, Golden, CO, Reno, NV, Oakland, CA, and Salt Lake City, UT. This position will be eligible for some hybrid work flexibility, but regular in-office presence at any of the above locations will be required.

Benefits & Perks

  • Fervo offers a comprehensive benefits package designed to support your health, financial well-being, and life outside of work. Benefits for eligible employees include:
  • Medical, dental, and vision plan options
  • Employer-paid basic life insurance and short-term and long-term disability coverage
  • A 401(k) plan with a dollar-for-dollar company match
  • Flexible paid time off and paid parental leave
  • Family-building, fertility, hormonal health, pregnancy, postpartum, and parenting support through Carrot
  • A dependent care FSA for eligible child and elder care expenses
  • An 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.

Our Workplace

Fervo Energy highly values having employees work in the office to foster collaboration and strengthen our company culture. This role follows a hybrid schedule, with team members expected to work in the office three days per week. Fervo considers this in-office schedule an essential function of the role. Your recruiter can share more information about the schedule.

Equal Opportunity Employer

Fervo Energy is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, gender, religion, marital status, registered domestic partner status, age, national origin, ancestry, physical or mental disability, medical condition, sex, genetic information, sexual orientation, military or veteran status, or any other consideration made unlawful by federal, state, or local law. Fervo also prohibits discrimination based on the perception that an individual has any of these characteristics or is associated with a person who has or is perceived as having any of these characteristics.

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