Commonwealth Fusion Systems

Payroll Supervisor

Massachusetts, United States

Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Energy, Financial ServicesIndustries

Requirements

Candidates should possess a Bachelor's degree in Accounting, Finance, or a related field, and have at least five years of experience in payroll supervision, demonstrating a strong understanding of payroll principles and practices. They should also be knowledgeable about federal, state, and local payroll laws and regulations, including tax compliance and reporting requirements.

Responsibilities

The Payroll Supervisor will oversee and actively participate in completing all payroll work for each period, including reviewing timecards for discrepancies, coordinating with People Ops and employees to resolve payroll issues, and ensuring compliance with the 401k program. They will also take the lead on process improvements, assist with general ledger posting and reconciliation, execute payroll computations and adjustments, audit payroll timecards, and serve as a subject matter expert on payroll matters.

Skills

Payroll
Timecards
401k
UKG
General Ledger
Reconciliation
Process Improvement
Supervision
Compliance

Commonwealth Fusion Systems

Develops and commercializes fusion energy systems

About Commonwealth Fusion Systems

Commonwealth Fusion Systems focuses on developing fusion energy as a clean and sustainable power source. The company utilizes advanced magnet technology, created in partnership with MIT, to build smaller and more affordable fusion systems called tokamaks. These devices use magnetic fields to confine plasma in a toroidal shape, which is an effective method for achieving fusion. Currently, CFS is manufacturing high-temperature superconducting magnets and constructing SPARC, the first commercially-relevant net energy fusion machine. The success of SPARC is intended to lead to the development of ARC, the first fusion power plant. CFS differentiates itself from competitors by its commitment to scientific integrity and a mission-driven approach, focusing on delivering cost-competitive fusion energy to help combat climate change. The ultimate goal is to provide a reliable and abundant energy source for energy providers and industries that require significant power.

Key Metrics

Harvard, MassachusettsHeadquarters
2018Year Founded
$1,958.7MTotal Funding
GRANTCompany Stage
EnergyIndustries
501-1,000Employees

Benefits

12.5 Company-wide Holidays
Our vacation policy is 'take vacation'
Our sick time policy is 'get better and try not to make others sick'
Generous parental leave policy
Health Reimbursement
Health, Dependent Care, & Limited Purpose Flexible Spending Accounts
Delta Dental, Blue 20/20 Vision optional
Wellbeing / Headspace coverage
Short-term & long-term disability
Life and AD&D insurance
401K

Risks

Competition from companies like TAE Technologies could impact CFS's market position.
Reliance on rare-earth materials poses supply chain risks.
Public perception of nuclear fusion technology remains uncertain.

Differentiation

CFS uses rare-earth barium copper oxide superconductor technology for energy development.
CFS collaborates with MIT for advanced fusion research and magnet technology.
CFS is building SPARC, the first commercially-relevant net energy fusion machine.

Upsides

CFS plans to build the world's first commercial fusion power plant in Virginia.
Increased investment in fusion energy startups indicates strong investor interest.
Government net-zero targets align with CFS's clean energy mission.

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