Senior Cost Accountant

MEDS; Chicago (IL); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

100% company-paid Medical, Dental, and

Vision premium coverage

Complimentary daily lunch on-site

Job summary

Meds.com is seeking a Senior Cost Accountant for our Elmhurst and Chicago operations to drive cost analytics, COGS reporting, and inventory valuation. You will own standard cost models, perform monthly reconciliations, and partner with Operations, Supply Chain, and Pharmacy teams to improve unit economics.

In this role you will lead cycle counts, support month-end close, and develop margin analyses by product line and fulfillment route.

Qualifications

• Bachelor’s degree in Accounting/Finance required.
• 5+ years cost accounting, inventory management, or related experience.
• Strong US GAAP knowledge related to inventory valuation, COGS, and cost allocation.
• Advanced Excel skills; experience with ERP systems (NetSuite, SAP, Oracle) and BI tools.

Responsibilities

• Develop, maintain, and update standard cost models (BOMs) for all products.
• Perform monthly COGS reconciliations and analyze variances.
• Oversee month-end inventory accounting, reconciliations, and cycle counts.
• Prepare margin analyses by product line and fulfillment route for leadership.

Skills

Analytical thinking

US GAAP knowledge

Financial modeling

Education

Bachelor’s Degree in Accounting/Finance

Tools

NetSuite

SAP

Oracle ERP

Excel

SQL

Tableau

Power BI

Job description

Overview

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 Senior Cost Accountant to join our Accounting/Finance team in Elmhurst, IL and Chicago, IL. 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 also have the opportunity to introduce a cycle count process for inventory control.

You will own inventory accounting, standard cost modeling, variance analysis, and Cost of Goods Sold (COGS) reporting. By collaborating closely with Operations, Supply Chain, R&D and Pharmacy Operations teams, you will deliver actionable insights that directly impact our unit economics and profit margins.

Join our team in Elmhurst and Chicago, IL - we're looking for someone who wants to have an impact on the growth trajectory of the company. .

Responsibilities

Cost Analysis & COGS Management

• Develop, maintain, and update as appropriate standard cost models/BOMs 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.

Inventory Accounting & Valuation

• 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.

Financial Reporting & Month-End Close

• 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.

Cross-Functional Collaboration & Strategy

• Partner with Supply Chain and Procurement teams to evaluate supplier contracts, land-cost calculations, and volume discount structures as appropriate.
• Collaborate with Operations team to ensure pharmacy software system order flows integrate accurately into the accounting ERP system (NetSuite).
• Participate in budgeting and forecasting cycles by providing data-driven inputs for future product costs, shipping rates, and packaging expenses.

Qualifications

Minimum Qualifications

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

Preferred Qualifications

• 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.

Perks

• 100% company-paid Medical, Dental, and Vision premium coverage for employees, plus. Short-Term Disability and Life Insurance
• 401(k) with company match
• Complimentary daily lunch provided on-site

We are looking for top-talent who wants to make a measurable impact in an exciting, fast-paced environment. This role is on-site and will be based primarily in Elmhurst, IL with occasional days in downtown Chicago, IL.

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