Commonwealth Fusion Systems (CFS)
Vice President of Finance and Accounting
12 days ago
About the Job
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
About the Company

Commonwealth Fusion Systems (CFS)
<p>The world needs a fundamentally new source of clean energy to meet our growing energy demands and combat climate change. Scientists have been studying fusion for decades and have made significant progress, but have yet to achieve its potential as a commercial power source. However, its promise has continued to drive interest with the understanding that successfully deployed fusion power would transform the world’s energy landscape.</p> <p>Commonwealth Fusion Systems (CFS) was spun out of MIT's Plasma Science and Fusion Center to leverage the decades of fusion research combined with the innovation and speed of the private sector. Supported by the world’s leading investors in breakthrough energy technologies, the CFS team is uniquely positioned to deliver the fastest path to commercial fusion energy. CFS has assembled a world-class team to design and build fusion machines. This team includes experts in magnets, manufacturing, and plasma physics dedicated to the mission of delivering clean, limitless fusion power to the world.</p>
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