Senior Financial Analyst, Product Development Finance at Lucid Motors

Phoenix, Arizona, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Automotive, Electric VehiclesIndustries

Requirements

Bachelor’s degree in Finance, Economics or related field
1-3 years of relevant experience, with a minimum of 1 year directly supporting engineering, technology, or product teams
Prior experience supporting product development, bill of materials, supply chain, or engineering highly preferred
Proven technical, quantitative and critical-thinking skills, high level of independent judgment, initiative and creativity to identify and clearly communicate key performance drivers to senior management
Ability to manage multiple projects and assignments with a high degree of autonomy and accountability for results
Demonstrated effective written, interpersonal and oral communication skills
Established ability using Microsoft Office suite, particularly high proficiency with Excel and PowerPoint
Preference given to candidates with experience utilizing ERP system and Business Intelligence tools to support monthly variance analysis and cost reduction initiatives
Finance Analyst experience at an Automotive OEM or Tier 1 Supplier, a huge plus!

Responsibilities

Lead budgeting, forecasting, and reporting of our bill of material and vendor investment (tooling and engineering development) costs directly tied to our future vehicles
Develop effective bill of material management tools, including segmentation of large data sets into digestible metrics provided to multiple cross-functional teams
Consolidate and analyze financial data including reconciliations, period-to-period variance analysis, establishing relevant KPI and cost targets, analyzing engineering and development changes with a focus on avoiding cost increases
Review purchase requests to ensure accuracy and compliance with financial plan
Facilitate program team alignment and decision making, and present data in cohesive reports that provide clear communication and progress of key program milestones
Provide objective progress tracking toward annual OKRs and analyze strategic initiatives to reach Start of Production with a vehicle aligned to our profitability targets
Additional ad-hoc assignments and projects supporting departments across the organization including month-end financial reporting, longer-term Business Plan development, benchmarking and process analysis

Skills

Key technologies and capabilities for this role

Financial AnalysisBudgetingForecastingReportingBill of MaterialsVariance AnalysisKPI DevelopmentData SegmentationExcelFinancial ModelingCost Analysis

Questions & Answers

Common questions about this position

What experience is required for the Senior Financial Analyst role?

A Bachelor’s degree in Finance, Economics or related field is required, along with 1-3 years of relevant experience and a minimum of 1 year directly supporting engineering, technology, or product teams. Prior experience supporting product development, bill of materials, supply chain, or engineering is highly preferred.

What are the main responsibilities of this position?

The role involves leading budgeting, forecasting, and reporting of bill of material and vendor investment costs, developing BOM management tools, analyzing financial data and variances, reviewing purchase requests, facilitating team alignment, tracking OKRs, and handling ad-hoc projects.

What is the salary for this Senior Financial Analyst position?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What qualities make a strong candidate for this role?

Candidates with a strategic mindset, creative problem-solving skills, and a desire to progress the electrification of the automotive space, combined with relevant experience supporting engineering or product teams, will stand out.

Lucid Motors

Manufactures luxury electric vehicles in USA

About Lucid Motors

Lucid Motors manufactures electric vehicles (EVs) in California, focusing on high-performance and luxury models for environmentally conscious consumers. The company designs and assembles its vehicles in the U.S., utilizing advanced in-house technology that enhances efficiency and extends driving range. This technology allows for longer travel distances with fewer batteries, making the vehicles lighter and more sustainable by reducing the need for precious metals. Lucid Motors differentiates itself from competitors by employing a direct-to-consumer sales model, which enables them to manage the entire customer experience from design to service. Their product lineup includes various models like the Pure AWD, Touring, and Grand Touring, along with incentives such as Pro Credits and Air Credits for timely deliveries. The goal of Lucid Motors is to transform the automotive industry through sustainable technology and provide luxury electric vehicles that meet the needs of modern consumers.

Newark, CaliforniaHeadquarters

2016Year Founded

$3,537.8MTotal Funding

IPOCompany Stage

Automotive & Transportation, EnergyIndustries

5,001-10,000Employees

Benefits

Family Medical Leave

Remote Work Program

Health & Wellness - Dental Benefits, Disability Insurance, Flexible Spending Account (FSA), Health Insurance Benefits, Life Insurance, Vision Benefits, Fitness Subsidies

401(K)

Paid Volunteer Time

Paid Holidays

Paid Sick Days

Risks

Increased competition from luxury automakers like Mercedes-Benz and BMW.

Potential delays in Panasonic's battery supply could affect production timelines.

Direct-to-consumer model may struggle in regions with strong dealership networks.

Differentiation

Lucid Motors offers advanced EV technology with longer range and fewer batteries.

The company uses a direct-to-consumer sales model, bypassing traditional dealerships.

Lucid Assistant, a voice AI feature, enhances user experience in their electric vehicles.

Upsides

Collaboration with Panasonic enhances vehicle range and performance in the luxury EV market.

Strategic price cuts and stock sale provide financial stability for future growth.

Expansion into Detroit accelerates development of new models and technologies.

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