Full-Time

Staff Accountant

Updated on 1/9/2025

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

Hybrid position in Devens, MA.

Category
Cost Accounting
Accounting
Required Skills
Excel/Numbers/Sheets
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
  • 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
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.
Commonwealth Fusion Systems

Commonwealth Fusion Systems

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Commonwealth Fusion Systems focuses on developing fusion energy as a clean and sustainable power source. 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. The success of SPARC is intended to lead to the development of ARC, the first fusion power plant. CFS differentiates itself from competitors by its commitment to scientific integrity and a mission-driven approach, aiming to provide cost-competitive fusion energy to help combat climate change. The ultimate goal is to create a viable clean energy source that can significantly reduce the impact of 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