Sr. Manager, Accounting Europe at Lucid Motors

Amsterdam, North Holland, Netherlands

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

AutomotiveIndustries

Requirements

Relevant strong background in publicly traded automotive industry or manufacturing companies (preferred)
Bachelor’s degree in accounting, Finance, or a related field (required)
CPA (Certified Public Accountant) or equivalent certification (required)
MBA or advanced degree in Accounting or Finance (preferred)
10+ years of progressive experience in accounting, including 2+ years in a leadership role
Strong understanding of US GAAP, IFRS and SOX compliance
Experience with SAP ERP systems and Advanced proficiency with Microsoft Excel (required)
Proven experience in managing a team and working in a fast-paced environment, prioritizing appropriately and handling multiple tasks simultaneously
Excellent verbal and written communication skills in English
Ability to develop strong partnerships

Responsibilities

Assist with the preparation and review of monthly, quarterly, and annual financial statements in accordance with US GAAP and lead the preparation and filing of financial statements with local GAAP for all Europe entities
Act as the primary accounting contact across departments, providing expertise and cross-functional support
Review and approve monthly close activities, including journal entries, account reconciliations, financial reporting, and variance analysis
Lead the preparation of accounting reconciliations
Assist with timely and accurate preparation of financial reports, including balance sheets, profit and loss statements, and cash flow statements
Provide in-depth analysis of financial performance, identifying trends, variances, and areas for improvement
Manage, mentor, and develop a team of accountants to ensure efficient and accurate financial operations
Oversee the preparation of audit schedules and liaise with external auditors during audits
Implement and maintain robust internal controls to safeguard the company’s financial assets
Drive the continuous improvement of accounting processes and workflows to enhance efficiency and accuracy and improve departmental functionality, in accordance with SOX compliance
Work closely with other departments (e.g., Commercial, Operations, HR, Tax) to ensure accurate financial reporting and resolve accounting issues
Assist in strategic decision-making by providing relevant financial insights and recommendations
Lead Payroll Operations and manage local payroll requirements
Ensure compliance with all regulatory requirements, including GAAP, IFRS, and tax regulations
Lead and support special projects and ad hoc assignments as required
Oversee the Europe accounting function, ensuring the integrity and accuracy of financial records, and managing a team of accountants
Lead financial reporting and statutory compliance, while ensuring alignment with corporate goals
Collaborate cross-functionally with other departments and senior leadership to provide timely, actionable financial insights and support business decision-making

Skills

US GAAP

Financial Reporting

Journal Entries

Account Reconciliations

Variance Analysis

Statutory Compliance

Team Management

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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