Sr. Finance Business Partner at Lucid Motors

Saudi Arabia

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Automotive, ManufacturingIndustries

Requirements

Bachelor’s degree in finance, Accounting or related field
Master’s degree in business administration (MBA) – preferred
At least 10 years’ relevant experience
Proven technical, quantitative and critical-thinking skills, high level of independent judgment, initiative and creativity to identify and clearly communicate key performance drivers to management
Ability to manage multiple projects and assignments with a high degree of autonomy and accountability for results
Established ability using Microsoft Office software with a high proficiency with Excel
Finance analyst experience at an Automotive OEM or Tier 1 Supplier – a huge plus!
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
Demonstrated effective written, interpersonal and oral communication skills

Responsibilities

Track actual logistics costs (freight, warehousing, handling, packaging)
Prepare monthly cost reports vs. budget/forecast
Identify and report variances with root cause analysis
Support logistics cost savings initiatives (route optimization, load planning, backhauling)
Analyze ROI/NPV for logistics infrastructure investments (warehouses, hubs)
Contribute to process automation and digitization in logistics finance
Be responsible for modeling business cases for multiple projects for manufacturing logistics / supply chain footprint
Develop profitability models estimating capital payback periods and rates of return
Consolidate and analyze financial data including budget, forecast and actuals reconciliations, period-to-period variance analysis, analyzing cost deviation with variance explanations
Support operating team alignment and decision making as pertains to financial implications; present data in cohesive reports that provide clear communication and recommendations
Partner closely with the operating team to understand financial inputs regarding material planning, material demand and forecasting, in order to provide guidance on operating decisions
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
Provide new perspective to identify and propose opportunities for improvement across processes and business functions

Skills

Financial Modeling

Cost Tracking

Variance Analysis

Root Cause Analysis

ROI Analysis

NPV Calculation

Budgeting

Forecasting

Cost Optimization

Route Optimization

Load Planning

Process Automation

Business Case Modeling

Supply Chain Analysis

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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