Costing & Management Accounting / CMA Manager
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