Staff Accountant

Commonwealth Fusion Systems

Commonwealth Fusion Systems

Accounting & Finance
Devens, MA, USA
Posted on Thursday, April 11, 2024
Commonwealth Fusion Systems (CFS) has the fastest, lowest cost path to commercial fusion energy.
CFS collaborates with MIT to leverage decades of research combined with groundbreaking new high-temperature superconducting (HTS) magnet technology. HTS magnets will enable compact fusion power plants that can be constructed faster and at lower cost. Our mission is to deploy these power plants to meet global decarbonization goals as fast as possible. To that end, 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. To implement this plan, we are looking to add dedicated people to the team who treat people well, improve our work by adding multifaceted perspectives and new ways of solving problems, have achieved outstanding results through a range of pursuits, and have skills and experience related to this role.
As our Staff Accountant, you will report directly to the Accounting Manager 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.

This team member will:

  • Execution of monthly close process, including preparation of journal entries, subledger reviews, and general ledger reconciliations strictly adhering to the close deadlines
  • Maintain detailed and accurate electronic records to support accounting close journal entries and reconciliations
  • Collaborate with FP&A team on annual budget, monthly/quarterly re-forecast and budget to actual analysis
  • Assist with year-end audit requests
  • Participate in the optimization of our ERP, Odoo and enhancement of related internal controls and process documentation
  • Prepare ad hoc reports for management – including various department requests

The ideal candidate will have most, if not all, of these requirements:

  • Bachelor’s degree in Business Administration or Economics preferred
  • Minimum 2 years Accounting or Audit experience
  • Strong knowledge of and exposure to US GAAP
  • Strong attention to detail
  • Experience 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

Additional experience and/or qualifications:

  • Experience with Odoo ERP system
  • Experience in Fixed Assets accounting
  • CPA preferred
  • Perform activities such as typing and sitting, for extended periods of time
  • Willingness to occasionally travel or work required nights/weekends/on-call or long hours
  • 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
  • #LI-Hybrid
CFS team members thrive in a fast-paced, dynamic environment and have demonstrated exceptional results through a range of different pursuits. We all tightly align with our company values of integrity, execution, impact and self-critique. As we grow, we are looking to add talented people who are mission driven and bring diverse perspectives and new ways of solving problems.
At CFS, we deeply value diversity and are an equal opportunity employer by choice. We consider all qualified applicants equally for employment. We do not discriminate on the basis 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, ordinance, or regulation.