Cost Analyst

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 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 over $2 billion in capital – more than any other fusion energy company in the U.S.

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 as a Cost Analyst

The Cost Analyst 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 you'll 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 we’re looking for:

• Bachelor’s degree in accounting, finance or business administration preferred
• 2+ years of practical accounting experience
• 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:

• Experience as a cost accountant, cost analyst, or similar role, with a focus on data analysis and knowledge of cost accounting principles and practices
• 2 plus years audit experience with Big 4 or similar

Essential 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
• #LI-Hybrid