Finance Business Partner – Product Costing

About Lucid

At Lucid, we are pioneering the future of mobility by delivering exceptional experiences through innovation, setting new benchmarks in the global automotive industry. Our proprietary technology and software-defined vehicle architecture underpin our award-winning vehicles, including the Lucid Air and Lucid Gravity, which redefine their segments by combining unparalleled range, performance, sustainability, and design without compromise. Our “Compromise Nothing™” philosophy drives us to excel in every aspect of vehicle development, from design and engineering to production, all executed in-house across our global offices and state-of-the-art manufacturing facilities. Our diverse teams, drawn from industries worldwide, share a relentless commitment to excellence, enabling us to push the boundaries of what’s possible and shape the future of mobility.

Job Summary

We are seeking a highly motivated and detail-oriented Finance Business Partner – Product Costing to support our Supply Chain operations by delivering precise, data-driven insights and analysis. This role is pivotal in providing financial transparency and robust business modeling across the organization, while facilitating informed decision-making in collaboration with all departments. If you thrive in a dynamic environment, possess strong analytical skills, and are eager to tackle complex challenges, we invite you to join our team.

Key Responsibilities

Planning, Target Setting & Cost Modeling

• Define and track material cost targets, including vendor tooling and supplier risk assessments to ensure alignment with strategic objectives.
• Establish commodity and part-level cost targets that reflect the business plan and market conditions.
• Ensure the accuracy and governance of Bill of Materials (BoM) structures and costing methodologies.
• Manage BoM tracking to maintain structural integrity and sourcing alignment throughout the product lifecycle.
• Develop and validate comprehensive cost models that incorporate raw material fluctuations, weight considerations, sourcing strategies, and engineering or design modifications.
• Maintain vehicle and model-level cost targets based on volume mix and production forecasts.

Financial Reporting & Variance Analysis

• Prepare and present monthly financial reports, comparing actual performance against budget and forecast to identify trends and discrepancies.
• Conduct in-depth variance analysis to provide root cause insights and actionable recommendations for management review.
• Consolidate and reconcile financial data across multiple planning cycles to ensure accuracy and consistency.

Investment Analysis & Business Case Development

• Develop Return on Investment (ROI) and Net Present Value (NPV) analyses for supplier investments and cost optimization initiatives.
• Build profitability models, including payback period and return metrics, to evaluate the financial viability of projects.
• Support senior management in making data-driven decisions through structured financial evaluations and scenario modeling.

Cost Optimization & Benchmarking

• Conduct benchmarking studies to assess cost competitiveness and identify best practices across the industry.
• Support cost reduction initiatives, such as Total Value Management (TVM) and Change Control processes, to drive efficiency improvements.
• Identify and prioritize opportunities for cost savings and operational enhancements to enhance profitability.

Business Partnering & Decision Support

• Collaborate closely with Sourcing, Engineering, and Operations teams to align financial strategies with business objectives.
• Support material demand planning and sourcing strategies with financial insights and risk assessments.
• Provide timely financial analysis, recommendations, and decision support to key stakeholders across the organization.

Required Skills

• Exceptional analytical, problem-solving, and communication skills, with the ability to translate complex financial data into actionable insights.
• Proven ability to thrive in a fast-paced, cross-functional environment, managing competing priorities with agility and precision.
• Strong attention to detail and a commitment to continuous improvement, ensuring the highest standards of accuracy and efficiency.
• Excellent written, interpersonal, and oral communication skills, with the ability to engage effectively at all levels of the organization.

Minimum Qualifications

• Bachelor’s degree in Finance, Accounting, or a related field; a Master’s degree in Business Administration (MBA) is preferred.
• Minimum of 10 years of relevant professional experience in financial analysis, cost accounting, or related roles.
• Demonstrated technical, quantitative, and critical-thinking abilities, with a high level of independent judgment and initiative.
• Proven capacity to identify and clearly communicate key performance drivers to senior management.
• Strong project management skills, with the ability to handle multiple assignments autonomously while maintaining accountability for results.
• Advanced proficiency in Microsoft Office Suite, particularly Excel, with the ability to leverage financial modeling tools and techniques.
• Prior experience as a Finance Analyst in an Automotive OEM or Tier 1 Supplier environment is highly advantageous.