Vice President of Finance and Accounting
Vice President of Finance and Accounting
Posted on :
18-05-2025
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1 Vacancy
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Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Posted on :
18-05-2025
Job Description
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 were designing and building commercially viable fusion power plants. And working with policymakers and suppliers to build the energy industry of the future.
Were in the best position to make it happen. Since 2018 weve raised over $2 billion in capital more than any other fusion energy company in the U.S.
Now were looking for more thinkers doers builders and makers to join us. People wholl bring new perspectives solve tough problems and thrive as part of a team.
If thats you and this role fits we want to hear from you.
Join the power movement as Vice President of Finance and Accounting
CFSs financial teams and systems manage many $100Ms of spend per year across 10000s of parts towards the delivery of our firstofakind 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 CFSs 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 companys Finance and Accounting functions. We seek a leader who thrives in our highly analytical datadriven 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 datadriven 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.
What youll do:
- Grow and manage CFSs financial center of excellence: Continuously improve the companys 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 databacked cash burn analysis. Deliver deepdive variance analysis translating financial data into actionable operational insights for leadership and the PMO. Track KPIs and provide datadriven 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 datadriven 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 projectspecific financing needs.
- Team Leadership & Process Improvement: Build lead and mentor a highperforming analyticallyminded 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 were 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 capitalintensive prerevenue settings with expertise in cash burn management and implementing effective internal controls
- Experience building publiccompany 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 largescale 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
Musthave Requirements:
- Perform extended activities such as stooping climbing typing standing sitting etc.
- Willingness to travel or work required nights/weekends/oncall 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
$250000 $350000 a year
Salary range for this fulltime position equity benefits.The actual salary will depend on level location qualifications and experience. The range displayed on each job posting reflects new hire salaries for the position across all US locations. Benefits include:
Competitive compensation with equity
12.5 Companywide Holidays
Flexible vacation days
10 sick days
Generous parental leave policy
Health dental and vision insurance
401(k) with employer matching
Professional growth opportunities
Teambuilding activities
#LIOnsite
At CFS we excel in fastpaced environments driven by our values of integrity execution impact and selfcritique. As we grow were eager to bring on missiondriven 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.
Required Experience:
Chief
Employment Type
Full-Time
Key Skills
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