Cost Accounting Director, Element Science
$205-220k
+ Stock Options
More information about location
Office located in Redwood City, CA
Medical device solutions
Be an early applicant
Medical device solutions
21-100 employees
Be an early applicant
$205-220k
+ Stock Options
More information about location
Office located in Redwood City, CA
21-100 employees
Company mission
To develop solutions that address leading causes of death and hospitalization due to heart disease.
Role
Who you are
- 7-10+ years of progressive experience in cost accounting ideally in a medical device manufacturing environment
- Bachelor’s degree in Accounting or Finance preferred
- QAD, SAP, NetSuite or Oracle ERP implementation experience
- Experience in a process manufacturing environment and a general understanding of discrete manufacturing involving the assembly of components and sub-assemblies into final products
- Public company experience a plus, with a working knowledge of cGMP
- Knowledge of U.S. Generally Accepted Accounting Principles (GAAP)
- Strong communication skills, ability to present financial information in a meaningful understandable way
- Self-motivated and ability to work independently and collaboratively and strong organizational skills are essential
- Excellent computer skills, including Microsoft Office suite and related tools
- A desire to be part of a high-growth, transformational company that is standing up its cost accounting function, processes and systems
- Good critical thinking, analytical, and problem-solving abilities. Demonstrated ability to thrive under pressure
What the job involves
- This role offers a unique opportunity to play a pivotal role within the Finance & Accounting team as we prepare for the commercial launch of a first-of-its-kind wearable cardiac defibrillator, poised to transform the medical device landscape
- The Director, Cost Accounting will join the Finance & Accounting team working closely with our manufacturing, operations, supply chain management, and facilities teams
- Responsibilities will focus on developing processes and systems in areas of inventory, standard costing, and cost of goods
- This is a hybrid role based in our Redwood City office
- Build out and maintain standard costs for all raw materials, WIP, semi-finished, and finished goods processes, demonstrating a digitize everywhere possible approach to ensure accuracy and efficiency in our cost accounting processes and systems
- Review current product costing methodology and process and identify improvement opportunities, applying a question convention mindset to enhance our cost management practices
- Maintain a standard cost system to ensure the accuracy of inventory valuation and support annual manufacturing cost standard updates
- Monitor transactions and processes including inventory movement, scrap, cycle counts, and cost of goods to ensure accuracy and compliance with corporate policies, showcasing our behave like owner’s ethos
- Assist in month-end closing, prepare journal entries as necessary for inventory and cost of goods, and prepare general ledger reconciliations for all inventory and cost of goods accounts, embodying a push past possible attitude towards financial management
- Coordinate with Operations, Supply Chain Management and Manufacturing departments to discuss and resolve issues in areas such as production, purchasing, accounts payable, receiving, shipping, and other, fostering a collaborative environment for smoother operational flow
- Prepare and verify product costs in support of all cost-based pricing contracts, gross-margin analysis, and shipping valuations, demonstrating ability to act with dynamic range to balance strategic analysis and day-to-day operations effectively
- Analyze and report purchasing and manufacturing variances, employing a pivot fearlessly approach to quickly adapt strategies based on financial insights
- Calculate Excess & Obsolescence reserves and develop and maintain controls related to costing and inventory, ensuring robust financial controls and compliance
- Oversee annual physical inventory and prepare for and participate in internal and external reviews and audits, upholding a high standard of accuracy and transparency
- Support in the preparation of annual budgets and short-term forecasts, contributing strategically to financial planning and forecasting
- Assist with day-to-day accounting activities where needed and work on special projects as required, demonstrating flexibility and a relentless pursuit of excellence
Our take
Element Science is a medical device company developing wearable solutions for patients with cardiovascular diseases. Through the use of machine learning algorithms, Element Science's wearable devices are able to both detect and treat lethal heart rhythms that can lead to sudden cardiac death.
The company's flagship product - which was funded by Google Ventures and Third Rock Ventures - is a wearable defibrillator called Jewel. In addition to Jewel, Element Science is also developing other wearable solutions, including a wearable patch that has the ability to monitor heart function and detect potential problems before they become life-threathening.
Since its launch in 2012, Element Science has received significant funding from multiple venture capital firms as well as the National Institute of Health. Furthermore, it received prestigious recognition for its innovative technology, most notably being named a 2021 Technology Pioneer by the World Economic Forum and in 2024 receiving the European Union’s CE mark certification and Great Britain’s UK Conformity Assessed (UKCA). Making a significant impact in the field of cardiovascular medicine, Element Science is committed to continuing to improve upon its research and development efforts.
Steph
Company Specialist at Welcome to the Jungle
Insights
21% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Mar 2020
$145.6m
SERIES C
Aug 2016
$25m
SERIES B
Total funding: $183.1m
Company benefits
- Stock Options
- 90% employer-paid medical, dental, and vision insurance
- Company-paid Basic Life Insurance
- 401(k) retirement plan (Traditional and Roth)
- Paid Holidays
- FSA (Flexible Spending Accounts)
- HSA (Health Savings Account)
- Employee Assistance Program through PEO
Company HQ
Showplace Square, San Francisco, CA
Leadership
Uday Kumar
(CEO)Currently Advisor for Stanford Byers Center for Biodesign. Previously Board Member at Madorra Inc. Qurious.io and G-Tech Medical, Inc.
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