Manager, Cost Accounting

Job Description

Job Description

Element Science, Inc. is a medical device and digital health company redefining how patients with heart disease are monitored and treated as they transition from the hospital to the home. Our mission is to improve outcomes for patients at risk of life-threatening cardiac events through innovative solutions at the intersection of clinical-grade wearables, advanced algorithms, and therapy delivery.

We are entering an exciting phase of growth as we move from development into early commercialization. Our approach combines hardware, software, and services to deliver a more personalized and seamless patient experience—designed with both patients and clinicians in mind. Our product, a wearable patch defibrillator, is designed for patients with a temporary elevated risk of sudden cardiac arrest, addressing a significant and underserved population of over 500,000 patients in the U.S. By focusing on comfort, usability, and clinical effectiveness, we aim to transform the standard of care during this critical period. Headquartered in the San Francisco Bay Area, Element Science is backed by leading healthcare and technology investors, including Third Rock Ventures, GV (Google Ventures), Deerfield Healthcare, Cormorant Asset Management, and Invus Opportunities.

SUMMARY OF ROLE:

Element Science is seeking a Cost Accounting Manager to lead our inventory and cost accounting function. This role is responsible for ensuring accurate inventory valuation, cost accounting, and financial reporting while partnering closely with Operations, Supply Chain, Manufacturing, Engineering, and FP&A. The ideal candidate brings strong technical accounting knowledge, hands-on manufacturing cost accounting experience, and the ability to build scalable processes in a fast-growing medical device environment.

At Element Science, you'll join a collaborative team focused on advancing life-saving technology that improves patient outcomes. We are looking for someone who enjoys solving complex problems, partnering across functions, and helping build best-in-class finance processes as the company continues to grow.

RESPONSIBILITIES:

• Lead all inventory and cost accounting activities, including inventory valuation, standard costing, variance analysis, and cost of goods sold.
• Manage inventory accounting, including capitalization, amortization, inventory reserves, and asset tracking.
• Develop a strong understanding of the Company's manufacturing operations, including raw materials, work-in-process, finished goods, contract manufacturing, and distribution.
• Lead the month-end close for inventory and cost accounting, including journal entries, reconciliations, and financial reporting in accordance with U.S. GAAP.
• Analyze manufacturing variances, inventory movements, absorption, purchase price variances, and gross margin trends, providing meaningful insights to management.
• Lead the annual standard cost update and maintain accurate product costing throughout the year.
• Partner with Operations, Supply Chain, Manufacturing, Engineering, and FP&A to improve costing processes, inventory controls, and operational decision-making.
• Prepare and present cost accounting analyses and reporting to senior leadership to support business decisions.
• Maintain and enhance cost accounting policies, procedures, and internal controls.
• Coordinate physical inventory counts and cycle count programs, ensuring inventory accuracy and compliance with company policies.
• Support external audits related to inventory, manufacturing, and cost accounting.

QUALIFICATIONS:

• Bachelor's degree in Accounting, Finance, or a related field.
• 3-7 years of progressive accounting experience, including at least 3 years of cost accounting within a manufacturing environment.
• Strong knowledge of U.S. GAAP, inventory accounting, and standard costing.
• Experience with medical device, life sciences, or other regulated manufacturing environments preferred.
• Excellent communication and interpersonal skills with the ability to collaborate across multiple functions and levels of the organization.
• Strong analytical, organizational, and problem-solving skills with exceptional attention to detail.
• Ability to thrive in a fast-paced, high-growth environment and adapt to changing business priorities.

BENEFITS:

Element Science offers a very competitive salary and benefits package including, but not limited to:

• Stock Options
• 90% employer-paid medical, dental, and vision insurance
• Company-paid Basic Life Insurance
• 401(k) retirement plan (Traditional and Roth)
• Competitive Paid Time Off
• Paid Holidays
• FSA (Flexible Spending Accounts)
• HSA (Health Savings Account)
• Employee Assistance Program through PEO

The salary for this exempt-level position will be based on experience and qualifications within an established pay range.

• Pay range: $140K - $150K

Element Science is an Equal Opportunity Employer. All candidates will be evaluated on the basis of their qualifications for the job in question. We do not base our employment decision on an employee's or applicant's race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information (including family medical history), political affiliation, military service, or other non-merit-based factors prohibited by local, state, or federal law.

In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire. We are not able to sponsor individuals for employment visas for this job.

At this time, we are unable to offer relocation assistance at Element Science.