Vice President of Finance and Accounting

Commonwealth Fusion Systems

190

Devens, MA, United States

Posted on: 2025-05-12

Category: renewables

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Employment type:

Full time

Experience required:

Intermediate

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 Vice President of Finance and Accounting

CFS’s financial teams and systems manage many $100M’s of spend per year across 10,000’s of parts towards the delivery of our first-of-a-kind fusion machines. This finance team is integral to the planning, analysis, procurement, production, tracking, accounting, and reporting for each part. Our goal is to continually improve CFS’s ability to manage this spend, with systems that streamline financial operations across the company.

We are now hiring a VP of Finance and Accounting, reporting to the CFO and based in our Devens MA headquarters, to lead and manage all operational aspects of the company's Finance and Accounting functions. We seek a leader who thrives in our highly analytical, data-driven culture and shares our deep commitment to operational excellence in R&D, manufacturing, and project infrastructure environments.

This role is critical for ensuring financial integrity, building data-driven controls, delivering insightful analysis, and optimizing cash management. You will lead the accounting and FP&A teams, embedding operational excellence and analytical rigor into all financial processes, working effectively within our matrix organization and collaborating closely with the PMO, Operations, Commercial, and other teams.

#LI-Onsite

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:

Grow and manage CFS's financial center of excellence: Continuously improve the company's financial systems, processes, and tools as the company evolves to concurrently deliver multiple billion dollar infrastructure projects, a growing manufacturing operation, and cutting edge R&D.

Financial Planning & Analysis (FP&A): Lead budgeting and forecasting focused on expense management, project budgets, and data-backed cash burn analysis. Deliver deep-dive variance analysis, translating financial data into actionable operational insights for leadership and the PMO. Track KPIs and provide data-driven decision support. Assist CFO with investor/board reporting.

Accounting Operations & Control: Oversee all accounting functions (Corporate Controls & Reporting, AP, Payroll, Tax), ensuring timely reporting and compliance. Continuously improve reporting based on metrics & KPIs and automate generation of reports. Establish and manage rigorous project accounting integrated with PMO needs, alongside robust manufacturing accounting. Implement and maintain strong, data-driven internal controls, which ready the company for public reporting in the future. Lead audits and tax compliance.

Treasury & Cash Management: Manage daily cash operations, develop precise cash flow forecasts, manage banking relationships, and oversee project-specific financing needs.

Team Leadership & Process Improvement: Build, lead, and mentor a high-performing, analytically-minded finance team. Drive operational excellence within finance through rigorous data analysis, process optimization, automation, and system enhancements (including ERP), ensuring alignment with project and operational needs.

What we’re looking for:

15+ years of progressive finance and accounting experience, including significant leadership roles managing core accounting, payroll, and FP&A

Deep experience in environments focused on large infrastructure projects (project accounting and controls) and manufacturing (cost/inventory accounting and processes)

Proven success managing finance in capital-intensive, pre-revenue settings, with expertise in cash burn management and implementing effective internal controls

Experience building public-company ready financial systems, accounting, reporting, and controls

Demonstrated ability to leverage financial data to drive operational improvements

Experience collaborating closely with Project Management Offices (PMOs) and understanding large-scale project controls and lifecycles

Track record of leading, developing, and scaling analytically focused finance teams

Experience building and growing ERP systems and proficiency with data analysis/BI tools

Expert knowledge of US GAAP, cost accounting, and project accounting principles

Exceptional analytical, quantitative, and financial modeling skills.

Bonus points for:

Proven ability to navigate and succeed in matrix organizational structures

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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