Full-Time

Staff Accountant

Confirmed live in the last 24 hours

Commonwealth Fusion Systems

Commonwealth Fusion Systems

501-1,000 employees

Develops and commercializes fusion energy systems

Energy

Compensation Overview

$80k - $180kAnnually

Junior, Mid

Devens, MA, USA

This is a hybrid position, which implies that the candidate will be required to work in-office for part of the week.

Category
Cost Accounting
Accounting
Required Skills
Excel/Numbers/Sheets

You match the following Commonwealth Fusion Systems's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor’s degree in accounting, finance or business administration preferred
  • 2+ years of practical accounting experience
  • Experience with inventory in a manufacturing environment
  • Ability to keep organized and demonstrate flexibility in a fast-paced environment
  • Excellent analytical skills and strong attention to detail
  • Strong Excel Skills
Responsibilities
  • Develop, maintain, and update standard costs for raw materials, labor, and overhead
  • Monitor and analyze cost variances, including material, labor, and overhead variances
  • Review and adjust standard costs to reflect changes in manufacturing processes and market conditions
  • Ensure we accurately capture and apply costs to projects across the company
  • Analyze manufacturing costs and prepare detailed reports on cost performance
  • Identify trends and variances in production costs and recommend corrective actions
  • Provide detailed cost analysis and insights to support decision-making for pricing, budgeting, and forecasting
  • Provide cost-related data and analysis to support financial planning
  • Conduct variance analysis on actual vs. standard costs, explaining reasons for differences
  • Work with production and operations teams to understand and mitigate cost variances
  • Prepare regular reports on cost variance, highlighting areas of concern and opportunities for cost reduction
  • Prepare journal entries to allocate cost variances
  • Assist in monitoring and valuing inventory, ensuring accuracy in cost allocation
  • Conduct periodic inventory reconciliations and analyze inventory variances
  • Support physical inventory counts and investigate discrepancies between physical counts and system records
  • Collaborate with cross-functional teams to assess processes, their inputs, outputs, quality and other factors, in order identify and implement improvements to process quality, accuracy and cost
  • Support the development and implementation of process improvements related to cost accounting and reporting, as well as other accounting processes, including purchase order accuracy and completeness, credit memo application, parent-child effectiveness, etc.
Desired Qualifications
  • Experience as a cost accountant, cost analyst, or similar role, with a focus on data analysis and knowledge of cost accounting principles and practices
  • 2 plus years audit experience with Big 4 or similar
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 affordable fusion systems called tokamaks. These devices use magnetic fields to confine plasma in a toroidal shape, which is an effective 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 differentiates itself from competitors by its mission-driven approach, commitment to scientific integrity, and emphasis on collaboration and data-driven decision-making. The ultimate goal is to provide cost-competitive, clean fusion energy to help combat climate change.

Company Stage

Grant

Total Funding

$2B

Headquarters

Harvard, Massachusetts

Founded

2018

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • CFS plans to build the world's first commercial fusion power plant in Virginia.
  • Increased investment in fusion energy startups indicates strong investor interest.
  • Government net-zero targets align with CFS's clean energy mission.

What critics are saying

  • Competition from companies like TAE Technologies could impact CFS's market position.
  • Reliance on rare-earth materials poses supply chain risks.
  • Public perception of nuclear fusion technology remains uncertain.

What makes Commonwealth Fusion Systems unique

  • CFS uses rare-earth barium copper oxide superconductor technology for energy development.
  • CFS collaborates with MIT for advanced fusion research and magnet technology.
  • CFS is building SPARC, the first commercially-relevant net energy fusion machine.

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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