LOOM SOLAR PVT. LTD.
Website:
loomsolar.com
Job details:
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.
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.
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.
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.
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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