Full-Time

Financial Analyst

Updated on 11/21/2024

Commonwealth Fusion Systems

Commonwealth Fusion Systems

501-1,000 employees

Develops and commercializes fusion energy technology

Energy

Junior, Mid

Devens, MA, USA

Hybrid position in devens, MA.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
SQL
Financial analysis
Requirements
  • Bachelor’s degree in Business, Finance, Accounting, Economics, or STEM fields
  • Grasp of budget development, results reporting, forecasting and financial analysis to support operational decision-making
  • Grasp of company long-term financial planning, including revenue, cost, investment, cashflow analysis and valuation
  • 1-3 years of experience working at a fast growing technology company or other dynamic business with development cycles and change akin to that of a growth company
  • Strong Excel and SQL experience
  • High energy and engagement, with flexibility to complete work during periodic very busy times
  • Excellent verbal and written communication & data presentation skills, including the ability to effectively communicate with both business and technical teams
  • Collaborative work style
  • Ability to perform activities such as typing and sitting for extended periods of time
  • Willingness to do occasional travel
  • 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
Responsibilities
  • Support the development and enhancement of production metrics to inform and size company resource requirements
  • Develop and maintain processes to improve data accuracy and help our factory transition from a development into a manufacturing environment
  • Build financial forecasts for the cost of the Tokamak hardware we produce and the capital equipment we need to produce it
  • Track and report on factory financial performance to business leaders
Commonwealth Fusion Systems

Commonwealth Fusion Systems

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Commonwealth Fusion Systems focuses on developing fusion energy as a sustainable and abundant power source to address climate change. The company utilizes advanced magnet technology, created in partnership with MIT, to build smaller and more cost-effective fusion systems called tokamaks. These devices use magnetic fields to confine plasma in a toroidal shape, which is an efficient method for achieving fusion. Currently, CFS is manufacturing high-temperature superconducting magnets and constructing SPARC, the first commercially-relevant net energy fusion machine, which will lead to the development of ARC, the first fusion power plant. CFS aims to provide cost-competitive clean fusion energy to energy providers and industries, with a mission-driven team dedicated to scientific integrity and a data-driven approach to innovation.

Company Stage

Grant

Total Funding

$2B

Headquarters

Cambridge, Massachusetts

Founded

2018

Growth & Insights
Headcount

6 month growth

22%

1 year growth

50%

2 year growth

108%
Simplify Jobs

Simplify's Take

What believers are saying

  • Securing a $15 million agreement with the DOE and multiple INFUSE awards highlights CFS's strong governmental support and potential for rapid growth.
  • The acquisition of additional land for expansion indicates a forward-thinking strategy and readiness for scaling operations.
  • CFS's innovative technology and strategic partnerships position it to be a leader in the clean energy revolution, offering significant career growth opportunities.

What critics are saying

  • The high costs and technical challenges associated with developing fusion energy could delay commercialization and impact financial stability.
  • Dependence on governmental funding and regulatory support introduces uncertainty, especially with changing political landscapes.

What makes Commonwealth Fusion Systems unique

  • CFS leverages revolutionary high-temperature superconducting magnet technology developed with MIT, setting it apart from other fusion energy startups.
  • Their focus on building commercially-relevant net energy fusion machines like SPARC and ARC positions them as frontrunners in the race to achieve practical fusion energy.
  • CFS's mission-driven approach and commitment to scientific integrity ensure a strong alignment with global sustainability goals, unlike competitors who may prioritize short-term gains.

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Benefits

12.5 Company-wide Holidays

Our vacation policy is 'take vacation'

Our sick time policy is 'get better and try not to make others sick'

Generous parental leave policy

Health Reimbursement

Health, Dependent Care, & Limited Purpose Flexible Spending Accounts

Delta Dental, Blue 20/20 Vision optional

Wellbeing / Headspace coverage

Short-term & long-term disability

Life and AD&D insurance

401K