Staff Finance Analyst, Corporate Finance at Lucid Motors

Newark, California, 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, Engineering or related field
Master’s degree in Business Administration (MBA), preferred
5+ years of corporate finance experience, with a minimum of 3 years of variance analysis experience (actuals to forecast comparison) and period-to-period analysis
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
Experience utilizing ERP system and Business Intelligence tools to support forecast updates, analytical review of actual results and annual budgeting processes; preferably experience with SAP/S4 HANA
Finance Analyst experience at an Automotive OEM or Tier 1 Supplier, a huge plus!

Responsibilities

Lead the budgeting, forecasting and reporting process including headcount, operating expenses and capital expenditures
Develop effective planning, reporting, and analysis processes for all administrative teams. Responsible for functional spend models, return on investment analyses and assisting in contract negotiations
Consolidate and analyze financial data including reconciliations, period-to-period variance analysis, establishing relevant KPI and cost targets, analyzing operating cost changes with insightful explanations. Develop annual operating plans and provide monthly financial forecasts
Facilitate operating team alignment and decision making, present data in cohesive reports that provide clear communication and recommendations
Actively participate with management to guide and influence long term and strategic decision making within the broadest scope
Provide objective business consultancy, business case assessments and financial guidance to administrative teams
Partner closely with all internal stakeholders and operating teams to provide clear financial inputs and provide guidance on operational 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 perspectives to identify and propose opportunities for improvement across processes and business functions

Skills

Key technologies and capabilities for this role

budgetingforecastingfinancial reportingheadcount planningoperating expensescapital expendituresvariance analysisKPIROI analysisfinancial modelingcontract negotiationsfinancial consolidation

Questions & Answers

Common questions about this position

What education is required for the Staff Finance Analyst role?

A Bachelor’s degree in Finance, Engineering or related field is required, with a Master’s degree in Business Administration (MBA) preferred.

What experience level is needed for this position?

Candidates need 5+ years of corporate experience.

What are the main responsibilities of this role?

The role involves leading budgeting, forecasting, and reporting processes, developing planning and analysis for administrative teams, consolidating financial data, facilitating decision-making, and providing business consultancy to stakeholders.

What is the salary or compensation for this position?

This information is not specified in the job description.

What qualities make a strong candidate for this role?

Ideal candidates are detail-oriented, able to multitask, like to take on new challenges, and have a solid academic background with a desire to influence a cleaner future.

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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