Endurance is building the world's first modular subsea geothermal power plants, converting vast thermal resources under the ocean into gigawatts of baseload power. Backed by Founders Fund, Felicis, First Round Capital, and Point72 Ventures, our founding team includes veterans from SpaceX, Helion, and Robinhood. We have completed multiple deep-ocean deployments and are launching a long-term demonstration project this fall. By leveraging modular design, manufacturing scale, efficient drilling, and latent cooling on the seafloor, we are pioneering a new category of energy that outperforms traditional sources on both environmental impact and cost.
The Strategic Finance Manager is the analytical engine of our Commercial team. You will build and own the project-level financial models behind our live offtake and financing negotiations, maintain the cost-of-capital and $ per MW/MWh trajectory that serves as the company's most-watched leading indicators, keep the single source of truth for deal economics across the company, and leverage quantitative deal metrics to help Endurance make critical business decisions.
This is a builder's seat with immediate live-fire work. We are in active negotiations with strategic customers, a sovereign government, and industrial partners, and each one needs pricing scenarios, capital stack options, and sensitivity analyses that hold up under scrutiny from sophisticated internal and external counterparties. Your models will directly shape term sheets for off-take agreements and project financing structures.
You will report directly to the COO, transitioning to our commercial leadership as the team grows. The role offers unusual exposure for its level: you will sit in negotiations, work directly with executives and outside advisors, and see first-of-a-kind deals from first model to signature.
Build and own project-level financial models for every pipeline project: pricing, CAPEX, delivered cost of energy, capital stacks, and returns
Own and maintain the company's cost-of-capital trajectory and proforma pricing/CAPEX ($ per MW/MWh) model(s), keeping it anchored to real financing structures and market comparables
Support live negotiations with pricing scenarios, term sheet economics, sensitivity analyses, and rapid-turn responses to counterparty positions
Score pipeline projects against our project evaluation framework and maintain the deal-economics source of truth used across the company
Model government and development finance instruments into project capital stacks, including grants, loan guarantees, and risk-mitigation products
Build and maintain data rooms for partners, customers, and future lenders
Support the commercial team's pipeline reporting, including agreement tracking and progress metrics
Work with outside counsel and advisors to translate economic terms into agreement language, and pressure-test the economics of draft agreements
Develop pricing and structuring analyses for new markets and new deal types as the pipeline expands
Be the Endurance lead on real-time economics, pricing, structures, and industry intelligence for GLOBAL commercial and project finance as well as power markets. This includes quantitative and qualitative research into counterparty economics, markets, and background.
~7 years of experience structuring and modeling capital for real projects or transactions. We care about what you can build, not where you sat; backgrounds in project finance, infrastructure investing, banking, private credit, development finance, developer or IPP finance teams, energy especially geothermal or oil and gas, or corporate development can all fit
Demonstrated experience building infrastructure-grade, auditable project financial models from a blank workbook: revenue builds, PPA pricing, capital stacks, debt service and sizing, and returns analysis. All built with full sensitivity and scenario analysis capabilities. Advanced Excel modeling skill, with clean, auditable model architecture.
Creative financier who can integrate blended capital into traditional project finance. Familiarity if not expertise with government, multilateral, credit support, philanthropic grants, tax credit-equity, private credit, structured/asset backed finance, and beyond
Strong understanding of energy or infrastructure project economics, including levelized cost concepts, offtake structures, and how cost of capital drives delivered cost
Experience with counterparty due diligence (e.g. offtake credit) and responding to external investor and lender due diligence
Detail-oriented and organized manager who can own transaction documentation, internal project management, and management of legal counsel, engineering, market study consultants, and other service vendors
Clear, direct writing suitable for term sheets, internal memos, and counterparty-facing materials including presentations and proposals
Excellent communication attributes suitable for negotiating commercial terms with external counterparties and presenting business-level metrics for internal executives and Board members. Able to code switch and mentor others to code switch across asset classes (VC to project finance) and audiences (data center to utilities to engineers to finance professionals)
Comfort operating with ambiguity, incomplete data, and short timelines
Exposure to first-of-a-kind or pre-bankable technology financing, where standard project finance templates do not yet apply
Familiarity with development finance institution instruments such as political risk insurance, partial risk guarantees, or export credit facilities
Prior experience with infrastructure or infra-adjacent financings and transactions outside the US market
Familiarity with power purchase agreements, tolling structures, capacity contracts, or colocation deal structures
Network with and experience working with hyperscalers, data centers, utilities, industrials, and government PPA negotiations
Experience supporting live negotiations or transaction execution as the analytical lead
Experience operating in high-urgency organizations with aggressive commercial and operational schedules
Global Fieldwork: Travel to fascinating deployment sites along oceanic ridges in locations like the Pacific Northwest, Hawaii, Iceland, Japan, New Zealand, and the Azores
Career Progression: Based of level of outperformance, opportunities to grow into deal lead and/or people management roles as the company scales
Hands-on Experience: Participate in sea trials and deployment operations in partnership with leading oceanographic institutions
Cutting-edge Development: Work with technology that spans high-power electronics, marine systems, and clean energy
Impactful Work: Help solve one of the world's most pressing challenges
Competitive Compensation: Comprehensive salary and equity packages
Benefits: Vision, Dental, Health insurance coverage
Dive Certification: Company-sponsored recreational dive certification
| Location | Seattle, Washington |