Finance Product Cost Sr. Manager job opportunity at Lucid Motors, Inc..

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Lucid Motors, Inc. Finance Product Cost Sr. Manager
Experience: 20-years
Pattern: full-time
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Finance

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degreeMBA
Hiring inbound within King Abdullah Economic City, 02

Leading the future in luxury electric and mobility At Lucid, we set out to introduce the most captivating, luxury electric vehicles that elevate the human experience and transcend the perceived limitations of space, performance, and intelligence. Vehicles that are intuitive, liberating, and designed for the future of mobility.   We plan to lead in this new era of luxury electric by returning to the fundamentals of great design – where every decision we make is in service of the individual and environment. Because when you are no longer bound by convention, you are free to define your own experience.   Come work alongside some of the most accomplished minds in the industry. Beyond providing competitive salaries, we’re providing a community for innovators who want to make an immediate and significant impact. If you are driven to create a better, more sustainable future, then this is the right place for you.Position Overview: To lead the product costing function within the Plant, ensuring accurate and timely costing of components, assemblies, and final vehicles. This role involves analyzing material costs, driving cost optimization, supporting budgeting and forecasting activities, and partnering with operations, engineering, and procurement to improve overall financial performance.   Key Responsibilities: Deep understanding of manufacturing processes and cost drivers. Strong analytical, problem-solving, and communication skills. Ability to work in a fast-paced, cross-functional environment. Attention to detail and commitment to continuous improvement. Leadership skills to manage and develop a team   Product Costing & Analysis: Lead the standard costing process for all EV models and components produced in the plant. Ensure accurate Bill of Materials (BOM), routing, and cost rolls in SAP or relevant ERP systems. Conduct variance analysis (standard vs. actual costs) and drive root-cause analysis. Collaborate with R&D and engineering for cost estimation of new products and prototypes. Lead BOM cost optimization streams and ensure targets are met according to company objectives Budgeting, Forecasting & Financial Planning: Support annual budgeting and rolling forecasts related to manufacturing cost, overheads, and inventory. Partner with plant operations to monitor production efficiencies, scrap rates, and yield losses. Analyze and present monthly cost performance reports to senior leadership. Cost Control & Optimization: Identify cost-saving opportunities in sourcing, manufacturing, and logistics. Work with supply chain, production, and quality teams to implement cost reduction initiatives. Benchmark product costs against industry standards and internal targets. Recommend corrective actions and participate in cost improvement projects   New Product Development (NPD) Support ⁠ ⁠Provide costing support during the product development cycle. ⁠ ⁠Participate in design-to-cost, cost target setting, and business case evaluation. ⁠ ⁠Collaborate with engineering and sourcing teams to ensure cost competitiveness. Cross-functional Coordination: Work closely with Procurement, Engineering, and Program Management teams for cost transparency. Support Make vs Buy decisions with robust financial modeling. Compliance & Reporting: Support internal and external audits with respect to product costing   Strategic Sourcing Support ⁠ ⁠Support procurement team in cost negotiations with suppliers. ⁠ ⁠Validate supplier quotes based on in-house cost models and should-cost analysis. ⁠ ⁠Support make vs. buy decisions and localization projects.   Skills: Deep understanding of manufacturing processes and cost drivers. Strong analytical, problem-solving, and communication skills. Ability to work in a fast-paced, cross-functional environment. Attention to detail and commitment to continuous improvement. Leadership skills to manage and develop a team   Minimum Qualifications: CA / CMA (ICWA) / MBA Finance / Engineering background with costing expertise. 15–20 years of experience in manufacturing finance, with at least 5 years in product costing roles. Prior experience in automotive or EV industry preferred. Strong knowledge of standard costing, variance analysis, and manufacturing KPIs. Working in a greenfield or ramp-up EV plant. ⁠Familiarity with government subsidies/incentives for Evs/Localization Additional Compensation and Benefits: Lucid offers a wide range of competitive benefits, including medical, dental, vision, life insurance, disability insurance, vacation, and 401k. The successful candidate may also be eligible to participate in Lucid’s equity program and/or a discretionary annual incentive program, subject to the rules governing such programs.  (Cash or equity incentive awards, if any, will depend on various factors, including, without limitation, individual and company performance.) By Submitting your application, you understand and agree that your personal data will be processed in accordance with our Candidate Privacy Notice. If you are a California resident, please refer to our California Candidate Privacy Notice. To all recruitment agencies: Lucid Motors does not accept agency resumes. Please do not forward resumes to our careers alias or other Lucid Motors employees. Lucid Motors is not responsible for any fees related to unsolicited resumes.   

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