Cost Accountant

Meds•Chicago, IL

5d•Hybrid

About The Position

Meds.com is a rapidly growing consumer technology firm operating a suite of healthcare businesses, including our flagship brand BlueChew & MOD. Our mission is to better patients' lives through innovative healthcare solutions. With a team of 350 professionals across various specialties, we've built scalable pharmacy, telemedicine, and e-commerce platforms using cutting-edge technology. As we continue our accelerated growth trajectory, we're launching new products to expand our patient base and accelerate growth. Join us in tackling exciting challenges at the intersection of healthcare and technology. We are seeking an analytical, detail-oriented Cost Accountant to join our Finance team in Chicago. In this role, you will be responsible for tracking, analyzing, and optimizing the direct and indirect costs associated with our products, packaging, pharmacy fulfillment partners, and logistics networks. You will own inventory accounting, standard cost modeling, variance analysis, and Cost of Goods Sold (COGS) reporting. By collaborating closely with Operations, Supply Chain, and Pharmacy Operations teams, you will deliver actionable insights that directly impact our unit economics and profit margins. Join our team in Chicago, IL - we're looking for someone who truly values and enjoys working in the office, not just tolerates it.

Requirements

Bachelor’s degree in Accounting, Finance, or related business field.
3–5+ years of cost accounting, inventory management, or corporate accounting experience, ideally in e-commerce, CPG, pharmaceuticals, or regulated manufacturing/fulfillment.
Strong knowledge of US GAAP related to inventory valuation, COGS, and cost allocation methodologies.
Advanced MS Excel skills (pivot tables, complex formulas, financial modeling).
Experience working with ERP systems (e.g., NetSuite, SAP, Oracle) and e-commerce platforms.
Excellent quantitative skills with the ability to turn complex operational data into concise financial stories.

Nice To Haves

Certified Management Accountant (CMA) or CPA designation (or candidate).
Experience with pharmaceutical, compounding, or direct-to-consumer (DTC) shipping models.
Familiarity with SQL, Looker, Tableau, or Power BI for querying operational and financial databases.

Responsibilities

Develop, maintain, and update standard cost models for all products.
Perform monthly Cost of Goods Sold (COGS) reconciliations, analyzing variances between standard costs and actual expenditures (material price variance, yield variance, labor/overhead absorption).
Track and analyze freight, fulfillment, and last-mile shipping expenses across multiple fulfillment and compounding pharmacy partners.
Oversee month-end inventory accounting, including raw materials, packaging, finished goods, and inventory-in-transit across partner facilities and warehouses.
Prepare monthly inventory reconciliations, reserve analyses (excess, obsolete, or expired product), and journal entries.
Partner with Operations and pharmacies to standardize, monitor, and audit physical inventory counts and cycle count processes.
Support the monthly financial close process by preparing accurate cost accounting journal entries, reconciliations, and schedules.
Prepare margin analysis reports by product line, subscription plan, and fulfillment route to support executive leadership decision-making.
Assist in establishing internal controls over inventory and cost reporting in compliance with US GAAP.
Partner with Supply Chain and Procurement teams to evaluate supplier contracts, land-cost calculations, and volume discount structures.
Collaborate with Operations team to ensure pharmacy software system order flows accurately integrate into accounting ERP system.
Participate in budgeting and forecasting cycles by providing data-driven inputs for future product costs, shipping rates, and packaging expenses.