About Us
Loom Solar, founded in 2018 by visionary brothers Amol and Amod Anand, has rapidly emerged as one of
India's Fastest Growing D2C brands
. This Faridabad, Haryana based solar company specializes in the manufacturing of cutting-edge solar panels, inverters, and lithium batteries, catering to both residential and commercial needs.
Our journey began with a mission to revolutionize access to advanced solar technology across India, ensuring even the most remote areas benefit from sustainable energy solutions through our robust e-commerce platform. At Loom Solar, we are committed to driving the green energy transition and empowering every corner of India with reliable and innovative solar power solutions.
Job Description
The
CMA / Head of Costing
will be responsible for building a strong
costing, profitability and
cost-control system
across Loom Solar.
The core objective is to ensure that management knows, with high accuracy:
What does each product, customer, dealer, project, channel and
factory activity actually cost, how much profit it generates, and where costs
can be reduced?
The role will work closely with
CFO, Manufacturing, Procurement,
Supply Chain, Sales, Product and Business Heads
to improve EBITDA and
working-capital efficiency.
2. Key Responsibilities
A. Product & SKU Costing
Prepare
and maintain standard costing for every SKU.
Calculate
BOM, conversion cost, labour, power, factory overhead and logistics cost.
Establish
standard cost vs actual cost
.
Review
costing whenever raw-material prices, BOM, process or product
specifications change.
Identify
cost-reduction opportunities at SKU level.
B. Factory Costing
Calculate
manufacturing cost per unit, watt, cell, module, battery, inverter and
other relevant production metrics.
Track:
Material
consumption
Labour
cost
Power
consumption
Production
yield
Scrap/rejection
Machine
utilization
Factory
overhead
Develop
cost per watt / cost per unit
dashboards.
Identify
abnormal consumption and production losses.
C. Profitability Analysis
Build profitability reports by:
Product
SKU
Customer
Dealer
Distributor
State/Region
Sales
channel
Project
Salesperson
Factory
Business
vertical
The CMA should clearly identify:
Revenue → Gross Margin → Contribution → EBITDA
and highlight loss-making products/customers/channels.
D. Budget & Variance Analysis
Prepare
annual costing and operating budgets.
Prepare
monthly cost budgets.
Compare
Budget vs Actual vs Previous Year
.
Identify
major variances.
Explain
the reason behind every significant variance.
Recommend
corrective actions to business heads.
E. Pricing & Commercial Support
Support management in deciding:
Product
pricing
Dealer
margins
Distributor
margins
Scheme
economics
Discounts
Freight
recovery
Project
pricing
Tender
pricing
OEM
pricing
Export
pricing
Every major pricing decision should have a clear
minimum
contribution/margin analysis
.
F. Cost Reduction Program
Lead a structured
Cost Reduction / Value Engineering Program
.
Identify savings from:
Raw
materials
BOM
optimization
Vendor
negotiations
Freight
Packaging
Power
Labour
Scrap
Warranty
Inventory
Process
improvement
Procurement
Manufacturing
efficiency
Maintain a
Cost Saving Tracker
with:
Opportunity → Owner → Target Saving → Actual Saving → Timeline
G. Inventory & Working Capital
Work with Supply Chain and Finance to monitor:
Inventory
days
Slow-moving
inventory
Obsolete
inventory
Excess
stock
Material
consumption
Stock
valuation
WIP
Finished
goods
Inventory
carrying cost
Identify the financial impact of excess inventory.
H. Business MIS
Develop a monthly management dashboard covering:
Revenue
Gross
margin
Contribution
EBITDA
Product
profitability
Cost
variance
Factory
cost
Inventory
Working
capital
Cost-saving
initiatives
MIS should be
decision-oriented, not merely accounting-oriented
.
3. Key Deliverables
The Head of Costing should own these reports:
Daily
Production
cost exceptions
Material
consumption exceptions
Major
cost deviations
Weekly
Factory
cost dashboard
Raw-material
price impact
Cost-saving
tracker
Product
margin exceptions
Monthly
SKU
profitability
Factory
costing
Product-wise
gross margin
Channel
profitability
Budget
vs actual
Cost
variance
Inventory
analysis
EBITDA
bridge
Cost
reduction report
Quarterly
Product
cost review
Pricing
review
Make-vs-buy
analysis
Factory
efficiency review
Business-unit
profitability review
4. Important Projects
The person should lead projects such as:
100% SKU-level costing system
Product-wise profitability dashboard
Dealer/distributor profitability model
Factory cost-per-watt model
Standard costing system
Budget vs actual automated MIS
Cost reduction program
Inventory optimization
Make vs Buy analysis
Product pricing engine
Requirements
Qualification
CMA / ICMA
mandatory
CA may
be considered
Bachelor's
degree in Commerce, Finance, Economics, Engineering or related field
preferred.
Experience
8–15 years
of experience in:
Costing
Management
accounting
Manufacturing
finance
FP&A
Business
finance
Plant
finance
Cost
control
Experience in
solar, electronics, electrical, battery, automotive,
consumer durables or other manufacturing businesses
would be highly
valuable.
7. Required Skills
Technical
Standard
costing
Cost
accounting
Product
costing
Manufacturing
accounting
Variance
analysis
Budgeting
Financial
modelling
Management
MIS
Inventory
accounting
Excel/Google
Sheets
ERP
BI/dashboard
tools
Business
Strong
commercial understanding
Pricing
knowledge
Manufacturing
economics
Procurement
economics
Working-capital
understanding
Ability
to identify profit leakage
Leadership
Strong
analytical ability
High
ownership
Attention
to detail
Cross-functional
influence
Problem-solving
mindset
Ability
to challenge business decisions with data
8. The Person We Should Hire
For Loom Solar, I would
not hire a CMA who only prepares costing
reports
.
The ideal person should behave like a
“Profitability Controller”
.
Their mindset should be:
“My job is not to report the cost. My job is to reduce the cost and
increase Loom Solar's EBITDA.”
Benefits
1.
Freedom
: We allow you freedom to “follow your passion”
2.
Opportunity
to work with India’s fastest growing SMB Company
3.
Regular
Training of Professional Skills such as Leadership, Problem Solving and Product
offerings.
4.
Multifold
chances increase to build the career in Solar Energy Sector
5.
Exponential
Growth in Salary and other remuneration
6.
Great
learning curve and hand on experience with leadership team about solar in
future
I'm interested