Full-Time

Grant Administrator

Posted on 2/8/2025

Commonwealth Fusion Systems

Commonwealth Fusion Systems

501-1,000 employees

Develops fusion energy and superconducting magnets

Compensation Overview

$80k - $180k/yr

Senior

Devens, MA, USA

Category
Budget Analysis
Financial Accounting
Accounting
Required Skills
Excel/Numbers/Sheets
Connection
Connection
Connection
logo

Get referrals →

You have ways to get a Commonwealth Fusion Systems referral from your network.

💡

Applications through a referral are 3x more likely to get an interview!

Requirements
  • Bachelors in a Business or Accounting Related Field
  • 5+ years of experience in federal grant or contracts administration
  • Experience in federal grant management systems (SAM.gov, etc)
  • Demonstrated knowledge of federal regulations (2 CFR 200, FAR, SEFA)
  • Excel/Google Sheets
  • Major ERP Systems
Responsibilities
  • Monitor and track grant expenses, ensuring alignment with approved budgets and compliance with federal cost principles
  • Review and document grant-related financial transactions, including vendor payments and expense reimbursements
  • Maintain detailed documentation of grant activities, expenditures, and communications
  • Respond to inquiries from program staff, federal agency representatives, and other stakeholders
  • Coordinate with project teams to ensure proper implementation of grant activities
  • Track project timelines and deliverables to ensure completion within grant periods
  • Prepare and submit monthly financial reports to federal funding agencies
  • Reconcile grant accounts and review budget variances
  • Generate internal progress reports for leadership team review
  • Conduct compliance reviews of grant expenditures and activities
  • Facilitate monthly meetings with project teams to review grant progress
  • Process draw-down requests for federal funds
  • Ensure timekeeping meets Federal requirements and reconcile salaries and wages with accounting team
  • Compile and submit quarterly performance reports to federal agencies
  • Conduct detailed budget analysis and projections
  • Update risk assessments and mitigation strategies
  • Review and update policies and procedures as needed
  • Coordinate quarterly program reviews with stakeholders
  • Prepare specialized reports required by specific federal agencies
  • Coordinate annual audit preparations for federal grants
  • Prepare and submit annual performance reports
  • Develop and maintain grant closeout procedures
  • Review and update internal control systems
  • Assist in preparing continuation or renewal applications
  • Partner with Compliance team to update and maintain grant related procedures and policies
Desired Qualifications
  • CGMS Certification
  • Odoo
  • Tableau
Commonwealth Fusion Systems

Commonwealth Fusion Systems

View

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, making them an efficient method for achieving fusion. Currently, CFS is manufacturing high-temperature superconducting magnets and constructing SPARC, which aims to be the first commercially viable 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, ensuring that the best ideas are prioritized through data-driven methods and open dialogue. The company's goal is to provide cost-competitive fusion energy to help combat climate change.

Company Size

501-1,000

Company Stage

Grant

Total Funding

$2B

Headquarters

Harvard, Massachusetts

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • CFS raised $1 billion to build 400MW fusion reactors within a decade.
  • CFS plans to construct the world's first commercial fusion power plant in Virginia.
  • Growing demand for carbon-neutral energy aligns with CFS's sustainable power mission.

What critics are saying

  • Potential delays in SPARC development could impact ARC timelines.
  • High costs of fusion technology development may lead to financial strain.
  • Reliance on rare-earth materials for superconducting magnets poses supply chain risks.

What makes Commonwealth Fusion Systems unique

  • CFS uses rare-earth barium copper oxide superconductor technology for energy development.
  • Collaboration with MIT enhances CFS's fusion research and development capabilities.
  • CFS's SPARC and ARC projects aim to deliver commercial fusion energy by the 2030s.

Help us improve and share your feedback! Did you find this helpful?

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

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

2%

2 year growth

1%
Data Center Dynamics
May 15th, 2025
Commonwealth Fusion Systems raises $1bn

Commonwealth Fusion Systems (CFS) has raised over $1 billion, led by an unnamed hyperscale data center developer, to build 400MW fusion reactors within a decade. CFS plans to construct the 'ARC' fusion power plant in Virginia by the early 2030s and aims to have a test system, 'SPARC,' by 2027. Despite challenges in fusion investments, CFS secured funding, while other companies like First Light Fusion and General Fusion face financial difficulties.

NEI Magazine
Apr 8th, 2025
Assembly of SPARC tokamak underway

CFS has been developing SPARC step by step for years.

Securities.io
Mar 4th, 2025
Unraveling Safe And Practical Fusion – New Insights Into Trapped Fuel Shared

Fusion Fuel EfficiencyNuclear Fusion is potentially the ultimate green energy source, producing no dangerous byproducts, radioactivity (the only “waste” is helium), or greenhouse gases. And it could be powered by a fuel so abundant that it is a significant percentage of the entire Universe: deuterium, an isotope of hydrogen.But this is also a very difficult to achieve form of energy generation. It requires replicating on Earth the conditions in the core of the Sun, with tremendous pressures and tens or hundreds of millions of degrees.Nuclear fusion has been achieved in physics laboratories for decades, but a net energy-positive fusion reaction is still to be reached. This is what many are racing to accomplish, from the international megaproject ITER to commercial fusion projects like Commonwealth Fusion Systems and Proxima Fusion.Commercial viability will depend not only on achieving stable and energy-positive plasma generation, but also on the general efficiency of the process.One open question is the fuel efficiency. Deuterium is known to be partially absorbed by the walls of the tokamak fusion reactors. Researchers at Princeton University, University of California, University of Tennessee, Sandia National Laboratory, and General Atomics are figuring it out.They published their results in Nuclear Materials and Energy1, under the title “Deuterium retention behaviors of boronization films at DIII-D divertor surface”.Deuterium, Tritium FusionThe lighter an atom is, the more potential energy is released when it undergoes nuclear fusion

HR Today
Dec 28th, 2024
John Kruep Joins Commonwealth Fusion Systems as Senior Director, People Operations

Cambridge, Massachusetts, United States, December 2024 - John Kruep has been appointed as Senior Director, People Operations at Commonwealth Fusion Systems (CFS).

Securities.io
Dec 27th, 2024
First Commercial Nuclear Fusion Project Announced

Fusion, The Ultimate Energy SourceAs stable, reliable, cheap, and carbon-neutral energy supplies become an increasingly pressing issue, all eyes have been on nuclear solutions.This includes nuclear fission, or the splitting of heavy atoms like uranium, thorium, or plutonium. This technology is making a dramatic comeback on the back of the phasing out of coal and gas power plants, despite the need for baseload power generation, as well as the trends of electrification of transportation, heating, and industrial production.It is, however, not without problems, even for the more advanced 4th generation of nuclear power plants. Most notably, it still involves the handling of highly radioactive materials, something the public is still wary of and never going to be fully environmentally neutral.This is why scientists have been looking at the promises of nuclear fusion, which merge together atoms like hydrogen, the same phenomenon powering the Sun.This would use a fuel that is the most abundant element in the Universe and produce only harmless helium or lithium. It would also be powerful enough to make available essentially infinite energy, with zero risk of explosion or runaway chain reaction.The problem is that producing the required conditions is so hard to achieve that no fusion reactor has ever come close to commercialization so far.This might change in less than a decade, at least according to Commonwealth Fusion Systems (CFS). The company has just announced that it is moving toward building the first commercial fusion reactor in Virginia .CFS Reactor ProjectCommonwealth Fusion Systems is aiming for its ARC reactor to generate 400 MW for the Virginian power grid, which is enough to power 150,000 homes.This is a radical advancement for the field of nuclear fusion, as it always seemed that the first scale-up reactor was 20-30 years away. Even the massive international endeavor that is ITER (International Thermonuclear Experimental Reactor) is not expected to be finished before 2039.In comparison, the CFS reactor is planned to be built on a site owned by the energy company Dominion (D +0.2%)

INACTIVE