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 Joint Interest Billing (JIB) Accountant will be responsible for ensuring accurate joint interest billing and financial reporting for our geothermal operations. This is a unique opportunity to help build Fervo’s accounting department and grow with the Company. The ideal candidate will bring a solid understanding of industry practices, exceptional attention to detail, and the ability to work collaboratively with internal and external stakeholders. This position offers an opportunity to work within a dynamic team, contributing to the company’s financial accuracy and regulatory compliance. This JIB Accountant will report to the Manager of Accounting.

Responsibilities

• Prepare, review, and distribute accurate and timely joint interest billings (JIB) in accordance with industry standards and contractual agreements
• Ensure all JIB entries comply with the applicable agreements and accurately reflect operational costs
• Reconcile JIB accounts, investigate and resolve discrepancies, and provide detailed reports as needed
• Maintain and monitor JIB receivables, work closely with partners on collections, and resolve any billing disputes
• Collaborate with operations, revenue accounting, and project teams to capture and allocate costs correctly
• Assist with monthly close processes and ensure compliance with company policies and regulatory requirements
• Support audit processes and respond to partner inquiries related to joint interest transactions

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field
• 5+ years of experience in joint interest billing (JIB) accounting
• In-depth knowledge of oil and gas accounting principles, joint operating agreements (JOAs), and COPAS guidelines
• Proficient understanding of US GAAP
• Strong organizational, problem-solving, and communication skills
• Expertise in Joint Interest Billing (JIB) for upstream oil and gas properties
• Exceptional attention to detail and accuracy
• Proven experience managing the month-end close process
• Skilled in handling journal entries efficiently and accurately
• Advanced proficiency in Microsoft Excel
• Self-motivated and able to work with minimal supervision
• Driven, detail-oriented, and willing to dive into complex details when needed
• Demonstrated flexibility, adaptability, and ability to multitask to meet deadlines
• A collaborative team player with a strong work ethic

Location

Fervo Energy is headquartered in Houston, TX. This position will be eligible for some hybrid work flexibility, but regular in-office presence at the Houston office will be required. Minimal travel is required for this position.