Costing & Management Accounting / CMA Manager

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.

Key Responsibilities Product & SKU CostingPrepare 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. Factory CostingCalculate manufacturing cost per unit, watt, cell, module, battery, inverter and other relevant production metrics.Track:Material consumptionLabour costPower consumptionProduction yieldScrap/rejectionMachine utilizationFactory overheadDevelop cost per watt / cost per unit dashboards.Identify abnormal consumption and production losses. Profitability Analysis

Build Profitability Reports By

ProductSKUCustomerDealerDistributorState/RegionSales channelProjectSalespersonFactoryBusiness vertical

The CMA Should Clearly Identify

Revenue → Gross Margin → Contribution → EBITDA

and highlight loss-making products/customers/channels.

Budget & Variance AnalysisPrepare 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. Pricing & Commercial Support

Support Management In Deciding

Product pricingDealer marginsDistributor marginsScheme economicsDiscountsFreight recoveryProject pricingTender pricingOEM pricingExport pricing

Every major pricing decision should have a clear minimum contribution/margin analysis.

Cost Reduction Program

Lead a structured Cost Reduction / Value Engineering Program.

Identify Savings From

Raw materialsBOM optimizationVendor negotiationsFreightPackagingPowerLabourScrapWarrantyInventoryProcess improvementProcurementManufacturing efficiency

Maintain a Cost Saving Tracker With

Opportunity → Owner → Target Saving → Actual Saving → Timeline

Inventory & Working Capital

Work With Supply Chain And Finance To Monitor

Inventory daysSlow-moving inventoryObsolete inventoryExcess stockMaterial consumptionStock valuationWIPFinished goodsInventory carrying cost

Identify the financial impact of excess inventory.

Business MIS

Develop a Monthly Management Dashboard Covering

RevenueGross marginContributionEBITDAProduct profitabilityCost varianceFactory costInventoryWorking capitalCost-saving initiatives

MIS should be decision-oriented, not merely accounting-oriented.

Key Deliverables

The Head Of Costing Should Own These Reports

Daily

Production cost exceptionsMaterial consumption exceptionsMajor cost deviations

Weekly

Factory cost dashboardRaw-material price impactCost-saving trackerProduct margin exceptions

Monthly

SKU profitabilityFactory costingProduct-wise gross marginChannel profitabilityBudget vs actualCost varianceInventory analysisEBITDA bridgeCost reduction report

Quarterly

Product cost reviewPricing reviewMake-vs-buy analysisFactory efficiency reviewBusiness-unit profitability review Important Projects

The Person Should Lead Projects Such As

100% SKU-level costing systemProduct-wise profitability dashboardDealer/distributor profitability modelFactory cost-per-watt modelStandard costing systemBudget vs actual automated MISCost reduction programInventory optimizationMake vs Buy analysisProduct pricing engine

Requirements

Qualification

CMA / ICMA mandatoryCA may be consideredBachelor's degree in Commerce, Finance, Economics, Engineering or related field preferred.

Experience

8–15 years of experience in:

CostingManagement accountingManufacturing financeFP&ABusiness financePlant financeCost control

Experience in solar, electronics, electrical, battery, automotive, consumer durables or other manufacturing businesses would be highly valuable.

Required Skills

Technical

Standard costingCost accountingProduct costingManufacturing accountingVariance analysisBudgetingFinancial modellingManagement MISInventory accountingExcel/Google SheetsERPBI/dashboard tools

Business

Strong commercial understandingPricing knowledgeManufacturing economicsProcurement economicsWorking-capital understandingAbility to identify profit leakage

Leadership

Strong analytical abilityHigh ownershipAttention to detailCross-functional influenceProblem-solving mindsetAbility to challenge business decisions with data 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

Freedom : We allow you freedom to “follow your passion” Opportunity to work with India’s fastest growing SMB Company Regular Training of Professional Skills such as Leadership, Problem Solving and Product offerings. Multifold chances increase to build the career in Solar Energy Sector Exponential Growth in Salary and other remuneration Great learning curve and hand on experience with leadership team about solar in future

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