Koloma is a cutting-edge hydrogen start up, backed by some of the top climate tech investors on the planet. We are developing technologies that will enable the production of low cost, reliable, carbon-free hydrogen. Our team is led by seasoned energy executives and world-renowned technical thought leaders. We are looking for a Senior Commercial Analyst to join us in our office in Denver, Colorado.

Candidate Requirements & Attributes

• 6–10+ years of experience in commercial analysis, energy economics, project finance, operational finance, investment banking, or consulting
• Expert-level economic modeling skills, including NAV models, full-cycle project economics, and scenario analysis
• Strong project finance modeling experience, including debt/equity structures and financing waterfalls
• Proven experience building and maintaining tax models and applying oil & gas fiscal regimes (royalty/tax, PSC, PSA, concession systems)
• Hands-on experience owning joint venture planning, including WP&Bs, multi-year plans, and partner alignment
• Proven experience with joint ventures, including JOAs, governance, committees, cash calls, ballots, and partner reporting
• International experience working across multiple jurisdictions and fiscal systems
• Experience preparing detailed, high-quality materials for executives, boards, investors, lenders, and JV partners
• Experience supporting venture capital fundraising
• Strong experience in energy, oil & gas, subsurface exploration, clean-tech, or other capital-intensive industries
• Demonstrates senior-level ownership and judgment, operating with rigor, analytical depth, and strong attention to detail
• Thrives in ambiguous, early-stage environments, exercising sound commercial judgment under uncertainty and risk
• Communicates clearly and confidently across technical and commercial audiences, building trust through consistent follow-through
• Advanced Excel and PowerPoint skills

Job Responsibilities:

• Own end-to-end joint venture commercial management, including annual and multi-year planning, Work Programs & Budgets (WP&Bs), economic justifications, application of Joint Operating Agreements (JOAs), and day-to-day JV governance (committees, ballots, cash calls, approvals, and variance tracking)
• Lead commercial and statutory compliance across domestic and international jurisdictions, ensuring alignment with applicable financial, operational, environmental, and project-based reporting requirements
• Own and continuously enhance an integrated suite of economic, technoeconomic, project finance, and tax models supporting exploration, appraisal, early development, and investment decisions, incorporating jurisdiction-specific fiscal regimes, royalties, production sharing, incentives, and financing structures
• Maintain a consistently high standard of model rigor, transparency, auditability, and defensibility across all analytical outputs
• Lead business case development and investment decision support for executives, boards, and investment committees, including evaluation of capital efficiency, fiscal outcomes, financing options, downside scenarios, and portfolio tradeoffs
• Provide clear, independent commercial recommendations grounded in quantitative analysis and disciplined economic reasoning
• Play a key role in venture capital fundraising and strategic partnerships (Series A through C+), including ownership of financial, economic, and tax models, preparation of investor materials, and support of data room development and diligence processes
• Partner closely with subsurface, engineering, technology, legal, finance, and tax teams across multiple geographies to translate complex technical, fiscal, and regulatory inputs into clear commercial implications
• Support the development of commercial frameworks and partnership structures for international projects and contribute to long-term commercial strategy across a globally diversified portfolio

Onboarding Notes:

• Koloma provides exceptional benefits including healthcare, vision, dental and a 401k retirement plan
• This is a hybrid role in Denver, Colorado. Koloma supports flexible schedules and remote work where practical, but maintaining our strong culture, focus, and momentum requires team members to be in-office for up to 80% of working hours
• Travel will be required in this role
• Industry-competitive compensation with significant stock option upside
• Ideal Start Date: Immediate

This job description is intended to provide an overview of the primary duties and responsibilities associated with this role. It is not an exhaustive list of all tasks, duties, or activities that may be expected. Responsibilities and requirements may evolve or change as business needs dictate.

Compensation is benchmarked within the posted range and determined by role-related experience, qualifications, and internal compensation comparators.