Senior Manager, Cost Accounting

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Finance & AccountingOtherAccounting ManagerAccounting

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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,

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Finance & AccountingOtherAccounting ManagerAccounting

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 we're 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 nearly $3 billion in capital, making us the largest and leading private fusion company in the world.

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 Senior Manager, Cost Accounting

The Senior Manager, Cost Accounting will be responsible for developing and leading management accounting initiatives for the company, with a focus on ensuring the costs of materials, magnet manufacturing sub-assemblies, and subsystems that make up SPARC, our fusion energy machine, are accounted for timely and accurately in our ERP.

Develop and implement robust cost accounting policies, procedures, and controls to ensure accurate cost allocation, tracking, and reporting

Manage the inventory costing process, including the documentation and update of costing methods for materials, labor, and overheads

Coordinate with the FP&A and engineering teams to ensure the accuracy of Bills of Materials, capitalized inventory, and R&D expense

Coordinate with the logistics team to oversee the annual physical inventory count and inventory cycle counts; including assisting with root cause/corrective actions

Perform variance analysis of actual costs against expected costs in cooperation with financial analysts, investigating and explaining significant discrepancies

Lead audit preparation and preparation of deliverables, as it relates to inventory, work-in-process, construction-in-process, and certain fixed assets

Drive special projects to elevate the cost accounting function, such as ERP process enhancements and internal controls

Lead and develop a team of 1-2 accountants

Primary reviewer of account reconciliations and journal entries with accountability for related internal controls.

Prepare and analyze all grant accounting revenue and expenses driven on a reimbursement basis, ensuring all documentation is audit-ready

Drive improvements to processes and procedures

Bachelor’s degree in Business Administration or Accounting or similar field preferred

Minimum of 7 years experience in Accounting, including a minimum of 5 years in supervisory role

Experience with ERP Systems

Proven experience as a cost accountant, cost analyst, or similar role, with a focus on data analysis and strong knowledge of cost accounting principles and practices

Experience using a large ERP system

Experience in an organization funded by government grants or contracts

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