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Commonwealth Fusion Systems

Vice President of Financial Planning and Analysis

Become the Vice President of Financial Planning and Analysis at Commonwealth Fusion Systems in Devens, Massachusetts. Lead the finance team through growth phases, enhancing financial systems for multi-billion-dollar projects. Enjoy competitive compensation, equity, and generous benefits including flexible vacation days and professional growth opportunities.
Commonwealth Fusion Systems
Commonwealth Fusion Systems
Devens, Massachusetts, United States Hybrid Full Time USD 275k–350k yearly UTC-05:00

Commonwealth Fusion Systems

Company Overview

Commonwealth Fusion Systems (CFS)

Cambridge, MA, United States

2018

Approximately 430 employees (source: zoominfo.com). Revenue figures vary, with reports indicating $211.3 million or $31.7 million, though as a pre-revenue fusion developer focused on R&D, these may reflect funding or operations rather than sales.

What They Do

Commonwealth Fusion Systems (CFS) is a pioneering private fusion energy company that specializes in tokamak-based magnetic confinement fusion. Founded as a spinout from MIT's Plasma Science and Fusion Center, CFS focuses on utilizing high-temperature superconducting magnets to achieve commercial net energy production (source: cfs.energy). The company has made significant strides in its technology, particularly with the development of compact fusion machines that leverage decades of tokamak science. Their flagship projects, SPARC and ARC, aim to demonstrate net energy gain and commercial viability in the coming years (source: cfs.energy).

Projects & Track Record

CFS is currently engaged in several groundbreaking projects, most notably the construction of SPARC, which is set to be the world's first net-energy fusion machine. Located at their Fusion Energy Campus in Devens, Massachusetts, SPARC aims to demonstrate net energy gain by the late 2020s (source: cfs.energy). Additionally, CFS is planning the ARC project, a 400 MW-class grid-scale tokamak power plant designed for commercial deployment in the early 2030s. These projects are underpinned by significant technological advancements, including the successful testing of the central solenoid magnet module (CSMC) in November 2024, which confirmed the manufacturability of critical components for SPARC (source: zoominfo.com).

Recent Developments

In the past two years, CFS has made remarkable progress, including the opening of its Devens Fusion Energy Campus on February 10, 2023, which was attended by notable figures such as U.S. Secretary of Energy Jennifer Granholm (source: cfs.energy). The company has also secured substantial funding, raising $863 million in August 2024, building on a previous $1.8 billion round in May 2023, bringing total funding to over $2 billion (source: wbjournal.com). Furthermore, CFS announced its first commercial power plant site in Chesterfield County, Virginia, which will be independently financed and operated, with plans for grid connection in the early 2030s (source: zoominfo.com).

Working There

CFS offers a range of roles across various disciplines, including fusion science, engineering, manufacturing, and materials science. The majority of their workforce is based at the Devens campus, which has grown to over 430 employees (source: cfs.energy). The company culture emphasizes rapid execution and transparency, attracting top talent from the fusion and manufacturing sectors. Key executives include Co-Founder and CEO Bob Mumgaard, along with other leaders in operations and science, indicating a strong demand for expertise in tough tech and physics (source: nasdaqprivatemarket.com). While specific benefits are not detailed, the scale-up and investor backing suggest competitive packages for high-caliber roles in a mission-driven environment (source: cfs.energy). Job seekers are encouraged to monitor their careers page for openings related to SPARC and ARC advancements.


Last updated on 2026-02-23 | Report an issue

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 as Vice President of Financial Planning and Analysis

We are now hiring our VP of FP&A to lead us through our next phases of finance team and systems growth. This is a unique opportunity to build the financial engine of a company and to architect and lead the finance effort for a multi-billion-dollar portfolio of first-of-a-kind infrastructure, manufacturing, and R&D projects.

What you'll do

  • Finance Operating System: Continuously improve the company's financial systems, processes, and tools as the company delivers fusion power plants, grows our manufacturing operation, and expands our cutting edge R&D
  • FP&A for our Manufacturing Business: CFS has two core businesses. The first is an OEM business that develops, designs, manufactures, ships, and supports magnets and tokamak components. You will lead and grow the FP&A team that supports this business, providing real-time financial analytics and reporting that aids decision making across the business
  • FP&A for our EPC Business: CFS's second core business is an infrastructure EPC that designs and delivers fusion power plants. This requires a unique set of FP&A, Project Controls, Earned Value Management, and Project Management capabilities tailored to billion-dollar infrastructure projects delivered at hyperscaler pace. You will lead and grow this team as we prepare the company to deliver many ARC power plants globally
  • Commercial FP&A: As CFS transitions to commercial delivery of power plants, your team will partner with the Commercial team to build unit economics, pricing models, and financial analysis frameworks. You will provide critical financial support for customer contracts, energy delivery deals, and the long-term profitability of our fusion power plants
  • Corporate Planning: Strengthen CFS's corporate planning function that connects long-term strategy with short-term execution. Your team will manage the creation of the annual operating plans and provide executives with scenarios and analysis to inform corporate strategy

What we're looking for

  • 15+ years of progressive finance and accounting experience, including VP-level strategic leadership roles managing core FP&A and building new corporate capabilities
  • An exceptional architect of scalable financial systems and practices that ensure data integrity amidst complexity while democratizing that data to aid decision making for all budget owners. Demonstrated ability to leverage financial data at scale to drive operational improvements across an organization
  • Manufacturing FP&A experience, leading and building financial systems that support and continuously improve a well-oiled operational machine
  • Plant Infrastructure FP&A experience, leading and building financial systems that support the delivery of billion-dollar class infrastructure projectsTrack record of leading, developing, and scaling exceptional finance teams
  • Proven success in capital-intensive, pre-revenue settings, with expertise in scenario planning and cash management

Bonus points for

  • Proven ability to navigate and succeed in matrix organizational structures

Must-have Requirements

  • 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

$275,000 - $350,000 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

At CFS, we excel in fast-paced environments, driven by our values of integrity, execution, impact, and self-critique. As we grow, we're 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.

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About the role

February 26, 2026

Full Time

Company

February 26, 2026

Hybrid

USD 275k–350k yearly

Hydropower

Commonwealth Fusion Systems

cfs.energy

  •  Devens, Massachusetts, United States

15+ years of progressive finance and accounting experience

UTC-05:00

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