Staff Accountant at Lucid Motors

Newark, California, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Automotive, ManufacturingIndustries

Requirements

Bachelor’s degree in accounting or finance
Minimum of 5 years of relevant experience, preferably in the manufacturing sector and/or within a public company environment
CPA or equivalent certification preferred
Proficiency in SAP highly desirable
Advanced skills in Microsoft Excel
Experience with Blackline preferred
Strong verbal and written communication skills
Excellent analytical and problem-solving abilities
Proven ability to build effective partnerships and influence stakeholders
Capable of thriving in a fast-paced environment, managing multiple priorities, and meeting deadlines
Background in the automotive or manufacturing industry and/or experience working in a publicly traded company preferred

Responsibilities

Monitor and review all monthly intercompany transactions, including inventory movements, and work cross-functionally to resolve discrepancies in a timely manner
Collaborate with the Tax and Trade Compliance teams on transfer pricing invoicing
Prepare monthly manual journal entries related to intercompany transactions and other assigned accounting areas
Perform account reconciliations in Blackline for areas of responsibility
Partner with the ERP team to support automation of intercompany transactions within SAP
Assist with equity accounting and reporting processes, including preparation of quarterly journal entries and account reconciliations for share-based compensation
Support the preparation of management discussion and analysis (MD&A) sections for Form 10-Q filings
Support the Company’s cash flow reporting process and prepare various regulatory and banking reports
Assist with periodic IFRS reporting to the Public Investment Fund (PIF) in the Kingdom of Saudi Arabia
Support the implementation and documentation of processes and controls in compliance with SOX requirements
Participate in special projects and other ad hoc assignments as needed

Skills

BlackLine

SAP

Account Reconciliations

Journal Entries

Intercompany Transactions

Transfer Pricing

Equity Accounting

Share-Based Compensation

Inventory Movements

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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