The Role
About Commonwealth Fusion Systems:
Commonwealth Fusion Systems is on a mission to deliver the urgent transition to fusion energy.
Combining decades of research, top talent, and new technologies, we’re designing and building commercially viable fusion power plants. And we're working with policymakers and suppliers to build the energy industry of the future.
We’re in the best position to make it happen. Since 2018, we’ve raised nearly $3 billion in capital, making us the largest and leading private fusion company in the world.
Now we’re looking for more thinkers, doers, builders, and makers to join us. People who’ll bring new perspectives, solve tough problems, and thrive as part of a team.
If that’s you and this role fits, we want to hear from you.
Join the power movement as Senior Manager, Corporate Accounting
As our Senior Manager, Corporate Accounting, you will lead the execution of our monthly financial close process and manage accounting data that feeds our business insights and external reporting. You will serve as the primary contact for our annual audit, and support the Controller in leading the company’s implementation of a robust internal control environment. Further, you will bring best practices from previous experience in a high-growth environment to our rapidly evolving organization to help us implement a scalable environment of financial reporting built on systems, controls, and processes.
What you'll do:
- Lead and execute the corporate accounting function for a rapidly growing organization
- Drive the company’s timely and accurate accounting close, including the review of journal entries and review of reconciliations, and the preparation of financial statements
- Prepare all financial statements and required reports for our investors
- Serve as primary day-to-day liaison for annual audit
- Serve as key process owner for the company’s financial close process, ensure controls are executed and supported in accordance with policies, create and maintain the company’s accounting manual
- Keep current on US GAAP, research new pronouncements, and implement them to our financial reporting process as appropriate
- Analyze/document complex transactions with technical memoranda
- Support the Controller with tax, treasury, and cost accounting and grant accounting activities for the company
- Collaborate on monthly investigation of variances to budget and forecasts with FP&A
- Align with our project accounting team on management of the general ledger and chart of accounts and initiatives to improve our close process and supporting ERP system, Odoo, and leverage technology to continually improve and automate processes
- Oversee accounts payable, ensuring timely processing of vendor payments, implementing process improvements, and ensure overall payments are in alignment with the company’s Days Payable Outstanding target
- Collaborate with FP&A on the Company’s quarterly and annual cash forecast
- Supervisory responsibilities include: Lead and develop a team of 1-2 accountants; Primary reviewer of account reconciliations and journal entries and related internal controls; and Recommend improvements to processes and procedures
What we’re looking for:
- Bachelor’s degree in Business Administration or Accounting or similar field preferred.
- Minimum of 7 years experience in Accounting, including at least 5 years in supervisory role
- Experience with ERP Systems
- Experience with Odoo ERP system
Bonus points for:
- CPA preferred
Must-have Requirements:
- Perform extended activities such as stooping, climbing, typing, standing, sitting, etc.
- Willingness to travel or work required nights/weekends/on-call occasionally
- Work in a facility that contains industrial hazards including heat, cold, noise, fumes, strong magnets, lead (Pb), high voltage, high current, pressure systems, and cryogenics
#LI-Onsite
At CFS, we excel in fast-paced environments, driven by our values of integrity, execution, impact, and self-critique. As we grow, we’re eager to bring on mission-driven folks who offer diverse perspectives and fresh ways to tackle challenges.
We value diversity deeply and are proud to be an equal opportunity employer by choice. We consider all qualified applicants equally, regardless of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law.
This role requires compliance with U.S. laws concerning the export of controlled or protected technologies or information (collectively, “Export Control Laws"). Any offer of employment will be contingent on the need for compliance with such Export Control Laws.
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The Company
What We Do
Commonwealth Fusion Systems (CFS) has the fastest, lowest cost path to commercial fusion energy. CFS is collaborating with MIT to leverage decades of research combined with new groundbreaking high-temperature superconducting (HTS) magnet technology. HTS magnets will enable compact fusion power plants that can be constructed faster and at lower cost. CFS is now building SPARC, the world's first commercially relevant, net energy fusion demonstration device. SPARC will pave the way for the first fusion power plant, ARC, that will produce power on the grid. The ultimate mission is to deploy fusion power plants to meet global decarbonization goals as fast as possible. CFS has assembled a team of leaders in tough tech, fusion science, and manufacturing with a track record of rapid execution. Supported by the world’s leading investors, CFS is uniquely positioned to deliver limitless, clean, fusion power to combat climate change. If you are interested in joining our team, check out cfs.energy/careers for more information.
