LOOM SOLAR PVT. LTD.

Costing & Management Accounting / CMA Manager

LOOM SOLAR PVT. LTD.  •  Faridabad, IN (Onsite)  •  2 days ago
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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:


  1. 100% SKU-level costing system

  2. Product-wise profitability dashboard

  3. Dealer/distributor profitability model

  4. Factory cost-per-watt model

  5. Standard costing system

  6. Budget vs actual automated MIS

  7. Cost reduction program

  8. Inventory optimization

  9. Make vs Buy analysis

  10. 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

LOOM SOLAR PVT. LTD.

About LOOM SOLAR PVT. LTD.

Loom Solar, founded in 2018, has rapidly emerged as one of India's Fastest Growing Renewable Energy brands, specializing in the manufacturing of cutting-edge solar panels, inverters, and lithium batteries, catering to diverse sectors including utility-scale, commercial, residential, agriculture, and government projects.

Operating from a state-of-the-art manufacturing facility in Faridabad, Haryana, with a 300MW production capacity, Loom Solar excels in the production of high-quality solar solutions. Loom Solar has experienced rapid growth since the beginning of its journey, expanding its reach to over 500 districts across India through a network of 10,000+ resellers.

Loom Solar ensures maintaining strict quality standards, including ISO 9001-2015 certification and adherence to BIS, IEC, and MNRE guidelines. This commitment to quality ensures the reliability and performance of its products, delivering superior value to customers.

Loom Solar's vision extends beyond product manufacturing. With a strong global presence in 10+ countries including USA, Canada and Saudi Arabia​, the company aims to play a pivotal role in India's transition to a greener future by fostering a sustainable energy ecosystem. By providing accessible and affordable solar solutions, Loom Solar empowers individuals and businesses to reduce their carbon footprint and contribute to a cleaner, more sustainable environment.

Industry
Hardware & Semiconductors
Company Size
201-500 employees
Headquarters
Faridabad, IN
Year Founded
2018
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