Senior Leader, Asset Management

Description

Fervo Energy is the leading developer of next-generation geothermal power. We design, build, own, and operate geothermal wellfields, pipelines, power plants, and transmission assets — delivering firm, flexible clean power to utilities and hyperscalers. 

Position Overview

The Senior Leader, Asset Management will lead Fervo Energy's asset management function at a pivotal moment in the company's commercial evolution. This is a people management role with full accountability for team performance, functional strategy, and execution across market integration, portfolio optimization, and commercial asset management.

We are looking for a leader who brings exceptional program management instincts, the ability to build structure in ambiguous environments, and the executive presence to operate effectively with a data-driven CEO and senior leadership team. Deep geothermal or asset management expertise is not a prerequisite — we will invest in that development. What is non-negotiable is the ability to move fast, build capable teams, synthesize complexity into action, and own outcomes.

This role reports directly to the SVP, Development & Commercial Markets and will manage a growing team of managers, analysts, and specialists.

Requirements

Responsibilities

Functional Leadership

• Set strategic direction and own execution across all three AM pillars: market integration (CAISO/SC), portfolio optimization (P&L, forecasting, unit economics), and commercial asset management (PPA and customer relationships).
• Define team structure, roles, and operating cadences; build the function to scale with Fervo's growing portfolio.
• Drive weekly leadership reporting and escalation to the SVP; translate operational detail into clear executive-ready updates with a point of view and recommended action.
• Own the AM function's contribution to Cape Phase 1 COD readiness, Day 1 market execution, and post-COD commercial operations.

People Leadership

• Manage, develop, and hold accountable a team of senior managers, analysts, and specialists across market integration, optimization, and commercial tracks.
• Build a high-performance culture grounded in accountability, clear priorities, and direct feedback.
• Partner with the SVP on org design, career pathing, and talent decisions as the function scales.
• Leverage the functional expertise of senior IC colleagues — including the Director, Asset Management (IC) — to develop team capability and establish operational standards.

Cross-Functional Collaboration & Executive Engagement

• Represent Asset Management at the ELT level, in board materials, and in external partner-facing settings.
• Partner with Operations, Finance, Origination, and Market Fundamentals to align strategies and resolve complex cross-functional issues.
• Synthesize technical, financial, and market inputs into actionable recommendations for the SVP and CEO; hold the room in data-driven leadership discussions.

Governance & Performance

• Establish and own the AM function's operating rhythms: reporting cadences, performance dashboards, KPIs, and escalation protocols.
• Ensure compliance with PPA obligations, regulatory requirements, and internal governance standards.
• Champion continuous improvement and adoption of tools, processes, and technologies that improve reliability and margin performance. 

Competencies & Skills

Leadership

• Decisive under ambiguity: moves from ambiguous problem to structured action plan rapidly — this is the primary performance differentiator for this role.
• Direct and accountable: sets expectations clearly, follows through, and holds the team to the same standard.
• Executive presence: communicates with precision and confidence; earns credibility with a data-driven CEO audience.
• Builder mindset: energized by creating structure, building teams, and establishing functional infrastructure in a growth environment.

Functional

• Strong financial and analytical instincts; able to interrogate models, challenge assumptions, and synthesize outputs without being the modeler.
• Demonstrated experience managing complex, multi-stakeholder programs or commercial operations with significant revenue or cost exposure.
• Comfort navigating highly technical domains and developing functional fluency quickly — energy sector background preferred but not required.

Required Qualifications

• 10+ years of progressive experience in complex commercial, program management, or operational leadership roles.
• Proven track record building and