Medifast, Inc.

Controller - Supply Chain

US-MD-Owings Mills
Job ID
Job Category
Regular Full-Time


Oversees the financial control, reporting and accounting activities for the manufacturing plant here in Owings Mills.  Develop timely reporting and analysis of Manufacturing results and provide technical guidance and direction to management within the Supply Chain organization.  Will review, analyze, counsel mgmt. on recommendations to allow for improved decisions on productivity and improved return on investments.  Develop necessary policies and procedures to improve the overall control environment within the mfg. site.  Will manage monthly close activity for the plant as well as annual development of budgets and costing.



  • Work with management in development of strategic plans for the Supply Chain. Provide ROI and various financial analysis on investment decisions being contemplated. 
  • Prepare and analyze Frozen Standard Costs as well as current Standard Costs and work closely with the Purchasing, Mfg and IT teams to coordinate the implementation of the annual standard cost roll within the ERP systems. Work with R&D / Purchasing in developing cost projections for new products.  Ensure proper capturing and reporting of variances to the frozen standards.
  • Coordinate pulling together the monthly reporting package around the financial performance and productivity performance of the Supply Chain. Work with management to identify productivity opportunities - material or process related.  Work with personnel in development of improvement initiatives to better control costs and oversee the Cash Savings Database to ensure activity is properly recorded.
  • Will perform reconciliations of WIP inventories to ensure timely and accurate reporting of variances and month end inventory balances. Work with the shop personnel and plant manager in ensuring that all WIP lots are effectively being managed and closed timely.
  • Manage monthly accounting close for the Supply Chain. Ensure that activity (expense and inventory) is properly captured within the Supply Chain, inventory adjustments are proper, and accruals accurately recorded in the financial systems. 
  • Work with FP&A in the preparation of annual Supply Chain budgets and ongoing monthly analysis identifying deviations to planned spending as well as provide monthly spending forecasts for the Supply Chain to FP&A on a timely basis.
  • Work with the Materials Organization regarding the financial oversight of excess and obsolete inventories and ensure that proper controls are in place over our inventories.
  • Review and approve new product structures and changes to ensure that accurate costs are in place.
  • Ensure Financial controls are in place and provide support and analysis as needed for the Annual Physical Inventory for all Medifast and 3rd Party locations .
  • Provide guidance, oversight, and analysis as needed for all of distribution, transportation and logistics freight spending (inbound, outbound, small package, LTL, transfer, indirect).
  • Provide all Supply Chain Census, Audit, Tax, etc reporting as required (internal and external).
  • Provide ad hoc analysis as needed.
  • Provides effective leadership, direction and coaching to direct and indirect reports including, but not limited to, delegating, staffing, performance appraisals, promotions, salary recommendations and terminations.



  • BS in Accounting
  • 7+ years in Accounting / Finance
  • Managerial experience preferred
  • CPA / Previous Manufacturing Accounting experience preferred
  • Microsoft NAV ERP system experience a plus
  • Proficient in Microsoft office products – preferably advanced Excel skills
  • Strong attention to detail, accuracy and consistency
  • Ability to prioritize and meet multiple deadlines supporting multiple internal groups


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