Fervo Energy Co.
Treasury Manager
Fervo Energy Co., Houston, Texas, United States, 77246
The Treasury Manager will manage Fervo’s treasury operations including investment management, banking relationships, compliance and reporting.Fervo’s Mission is to use innovation in geoscience to accelerate the world’s transition to sustainable energy. To accomplish that goal, Fervo has developed groundbreaking technology solutions that have advanced the state-of-the-art of geothermal energy decades ahead of schedule, including the world’s most successful commercial enhanced geothermal system completed in 2023. Fervo has raised over $400 million from leading investors and has secured a multi-billion-dollar project pipeline to meet the world’s growing need for 24/7 carbon free energy. 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
Treasury Manager
will manage Fervo’s treasury operations including investment management, banking relationships, compliance and reporting. Fervo currently has executed PPAs requiring the deployment of $500 million over the next several years and is seeking a proven treasury professional. The ideal candidate possesses a deep understanding of financial instruments, regulatory compliance, and treasury best practices and a demonstrated ability to build and maintain relationships with banking institutions and financial stakeholders and to negotiate favorable terms and conditions with financial counterparties.Responsibilities
Cash Management : Oversee daily cash activities, including monitoring cash balances, forecasting cash flow, and ensuring liquidity for operational needs.Risk Management:
Identify and mitigate financial risks related to liquidity, interest rates, and counterparty credit worthiness, and implement processes to manage the same.Banking Relationships:
Manage relationships with banks and financial institutions. Negotiate banking services, credit facilities, and optimize banking structures to minimize costs and maximize returns.Investment Management:
Develop investment policies and strategies for idle cash balances. Monitor investment performance, assess investment opportunities, and ensure compliance with investment guidelines.Financial Analysis:
Conduct financial analysis, including financial forward-looking modeling and scenario analysis, to support decision-making, strategic initiatives, and debt covenant planning. Provide insights on treasury-related matters to senior management.Compliance and Reporting:
Ensure compliance with regulatory requirements, internal policies and debt covenants. Prepare accurate and timely treasury reports and disclosures for internal and external stakeholders. Assist in the creation of materials for Audit & Risk Committee compliance and oversight requirements.Treasury Operations:
Oversee treasury operations, including cash position, liquidity management, wire/ACH transfers, check writing and cash concentration. Implement best practices and efficiency improvements in treasury processes.Qualifications
5+ years of progressive experience in treasury management. Experience in cash management, risk management, and investment strategies is essential.Bachelor’s degree in Finance or Accounting.Proficiency in financial software and systems (e.g., ERP systems, Treasury Management Systems, banking systems). Strong analytical skills with the ability to interpret complex financial data and make strategic recommendations.Thorough understanding of financial regulations, accounting principles, and compliance requirements relevant to treasury operations.Excellent communication skills with the ability to interact effectively with internal stakeholders, senior management, and external partners. Strong negotiation and interpersonal skills are crucial.Proven ability to develop and execute treasury strategies aligned with organizational goals. Ability to anticipate future trends and challenges in the financial markets and adapt treasury strategies accordingly.Excellent organizational, problem-solving, project management and communication skills.
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The
Treasury Manager
will manage Fervo’s treasury operations including investment management, banking relationships, compliance and reporting. Fervo currently has executed PPAs requiring the deployment of $500 million over the next several years and is seeking a proven treasury professional. The ideal candidate possesses a deep understanding of financial instruments, regulatory compliance, and treasury best practices and a demonstrated ability to build and maintain relationships with banking institutions and financial stakeholders and to negotiate favorable terms and conditions with financial counterparties.Responsibilities
Cash Management : Oversee daily cash activities, including monitoring cash balances, forecasting cash flow, and ensuring liquidity for operational needs.Risk Management:
Identify and mitigate financial risks related to liquidity, interest rates, and counterparty credit worthiness, and implement processes to manage the same.Banking Relationships:
Manage relationships with banks and financial institutions. Negotiate banking services, credit facilities, and optimize banking structures to minimize costs and maximize returns.Investment Management:
Develop investment policies and strategies for idle cash balances. Monitor investment performance, assess investment opportunities, and ensure compliance with investment guidelines.Financial Analysis:
Conduct financial analysis, including financial forward-looking modeling and scenario analysis, to support decision-making, strategic initiatives, and debt covenant planning. Provide insights on treasury-related matters to senior management.Compliance and Reporting:
Ensure compliance with regulatory requirements, internal policies and debt covenants. Prepare accurate and timely treasury reports and disclosures for internal and external stakeholders. Assist in the creation of materials for Audit & Risk Committee compliance and oversight requirements.Treasury Operations:
Oversee treasury operations, including cash position, liquidity management, wire/ACH transfers, check writing and cash concentration. Implement best practices and efficiency improvements in treasury processes.Qualifications
5+ years of progressive experience in treasury management. Experience in cash management, risk management, and investment strategies is essential.Bachelor’s degree in Finance or Accounting.Proficiency in financial software and systems (e.g., ERP systems, Treasury Management Systems, banking systems). Strong analytical skills with the ability to interpret complex financial data and make strategic recommendations.Thorough understanding of financial regulations, accounting principles, and compliance requirements relevant to treasury operations.Excellent communication skills with the ability to interact effectively with internal stakeholders, senior management, and external partners. Strong negotiation and interpersonal skills are crucial.Proven ability to develop and execute treasury strategies aligned with organizational goals. Ability to anticipate future trends and challenges in the financial markets and adapt treasury strategies accordingly.Excellent organizational, problem-solving, project management and communication skills.
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