Senior Cost Accountant
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Job Location:
Devens, MA - USA
Monthly Salary:
Not Disclosed
Posted on:
9 days ago
Vacancies:
1 Vacancy
Job Summary
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 nearly $3 billion in capital making us the largest and leading private fusion company in the world.
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 a Senior Cost Accountant
The Senior Cost Accountant will support key Accounting and Inventory controls across the organization while being a contributing member of the team handling standard cost management variance analysis and inventory valuations. This team member will work closely across multiple departments at CFS and must be a goal oriented team player who displays a strong intuition on how to tackle novel costing challenges.
What youll do:
- Standard Cost Management:
- Develop maintain and update standard costs for raw materials labor and overhead
- Monitor and analyze cost variances including material labor and overhead variances
- Review and adjust standard costs to reflect changes in manufacturing processes and market conditions
- Ensure we accurately capture and apply costs to projects across the company
- Cost Analysis & Reporting:
- Analyze manufacturing costs and prepare detailed reports on cost performance
- Identify trends and variances in production costs and recommend corrective actions
- Provide detailed cost analysis and insights to support decision-making for pricing budgeting and forecasting
- Provide cost-related data and analysis to support financial planning
- Variance Analysis:
- Conduct variance analysis on actual vs. standard costs explaining reasons for differences
- Work with production and operations teams to understand and mitigate cost variances
- Prepare regular reports on cost variance highlighting areas of concern and opportunities for cost reduction
- Prepare journal entries to allocate cost variances
- Inventory Management:
- Assist in monitoring and valuing inventory ensuring accuracy in cost allocation
- Conduct periodic inventory reconciliations and analyze inventory variances
- Support physical inventory counts and investigate discrepancies between physical counts and system records
- Continuous Improvement:
- Collaborate with cross-functional teams to assess processes their inputs outputs quality and other factors in order identify and implement improvements to process quality accuracy and cost
- Support the development and implementation of process improvements related to cost accounting and reporting as well as other accounting processes including purchase order accuracy and completeness credit memo application parent-child effectiveness etc.
What were looking for:
- Bachelors degree in accounting finance or business administration preferred
- 7 years experience as a cost accountant cost analyst or similar role with a focus on data analysis and knowledge of cost accounting principles and practices
- Experience with inventory in a manufacturing environment
- Ability to keep organized and demonstrate flexibility in a fast-paced environment
- Excellent analytical skills and strong attention to detail
- Strong Excel Skills
Bonus points for:
- 2 years audit experience with Big 4 or similar
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
$110000 - $185000 a year
Salary range for this full-time 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 Company-wide Holidays
Flexible vacation days
10 sick days
Generous parental leave policy
Health dental and vision insurance
401(k) with employer matching
Professional growth opportunities
Team-building activities
#LI-Hybrid
At CFS we excel in fast-paced environments driven by our values of integrity execution impact and self-critique. As we grow were 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.
This role requires compliance with U.S. laws concerning the export of controlled or protected technologies or information (collectively Export Control Laws). Any offer of employment will be contingent on the need for compliance with such Export Control Laws.
Required Experience:
Senior IC
Key Skills
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