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 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.
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.
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.

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.
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.

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

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.

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.

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
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.

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
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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Costing & Management Accounting / CMA Manager

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