Senior Accountant

Commonwealth Fusion Systems

190

Devens, MA, United States

Posted on: 2025-01-22

Category: renewables

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Employment type:

Full time

Experience required:

Senior

Salary

Salary not provided

About the company:

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.

The 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.

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 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 over $2 billion in capital – more than any other fusion energy company in the U.S.

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 a Senior Accountant

As our Senior Accountant, you will report directly to the Head of Accounting to enable an accurate, timely, and efficient financial close process at CFS. We are a startup company that is moving rapidly to build a one-of-a-kind prototype fusion energy device, and this requires an outstanding accounting process to tell the financial story behind achieving fusion power to our investors and other stakeholders. We’re looking for someone who can serve a key role in the execution of our monthly close process and annual audit, while also assisting with special projects for GAAP compliance, ERP optimization, and building a robust internal control environment at CFS.

The company is growing rapidly and this position offers a great way to join the company, add value immediately and have significant growth potential.

#LI-Hybrid

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.

What you'll do:

Execute monthly financial close process, including preparation of journal entries, subledger reviews, and general ledger reconciliations strictly adhering to the close deadlines

Prepare financial statement footnotes and supporting documents for audited financial statements

Coordinate and assist with year end audit requests

Assist with research for complex accounting matters and interpretation of technical accounting guidance

Participate in the optimization of our ERP (Odoo) and enhancement of related internal controls and process documentation

Develop and document businesses and accounting policies to maintain and strengthen internal controls

Work collaboratively with Head of Compliance to document internal controls and update periodically

Perform monthly variance analysis for the changes in the Balance Sheet and P&L

Review and approve journal entries and account reconciliations prepared by Staff Accountant/s making sure they are supported by detailed and accurate electronic records

Collaborate with FP&A team on annual budget, monthly/quarterly re-forecast and budget to actual analysis.

Prepare ad hoc reports for management – including various department requests

What we’re looking for:

Bachelor’s degree in Business Administration or Economics preferred

Minimum 4 years Accounting or Audit experience

Strong knowledge of and exposure to US GAAP

Strong attention to detail

Proficiency with Microsoft Office, particularly Microsoft Excel

Ability to keep organized and demonstrate flexibility in a fast-paced, startup company environment

Ability to work and manage time independently, as part of a collaborative team

A strong communicator (particularly written communication), with a service-oriented mindset

Bonus points for:

Experience with Odoo ERP system

Experience in Fixed Assets accounting

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

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