Finance Product Cost Sr. Manager

Leading the future in luxury electric and mobility At Lucid, we set out to introduce the most captivating, luxury electric vehicles that elevate the human experience and transcend the perceived limitations of space, performance, and intelligence. Vehicles that are intuitive, liberating, and designed for the future of mobility. Come work alongside some of the most accomplished minds in the industry. Beyond providing competitive salaries, we’re providing a community for innovators who want to make an immediate and significant impact. If you are driven to create a better, more sustainable future, then this is the right place for you. Position Overview To lead the product costing function within the Plant, ensuring accurate and timely costing of components, assemblies, and final vehicles. This role involves analyzing material costs, driving cost optimization, supporting budgeting and forecasting activities, and partnering with operations, engineering, and procurement to improve overall financial performance. Key Responsibilities Deep understanding of manufacturing processes and cost drivers. 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. Leadership skills to manage and develop a team Product Costing & Analysis Lead the standard costing process for all EV models and components produced in the plant. Ensure accurate Bill of Materials (BOM), routing, and cost rolls in SAP or relevant ERP systems. Conduct variance analysis (standard vs. actual costs) and drive root-cause analysis. Collaborate with R&D and engineering for cost estimation of new products and prototypes. Lead BOM cost optimization streams and ensure targets are met according to company objectives Budgeting, Forecasting & Financial Planning Support annual budgeting and rolling forecasts related to manufacturing cost, overheads, and inventory. Partner with plant operations to monitor production efficiencies, scrap rates, and yield losses. Analyze and present monthly cost performance reports to senior leadership. Cost Control & Optimization Identify cost-saving opportunities in sourcing, manufacturing, and logistics. Work with supply chain, production, and quality teams to implement cost reduction initiatives. Benchmark product costs against industry standards and internal targets. Recommend corrective actions and participate in cost improvement projects New Product Development (NPD) Support Provide costing support during the product development cycle. Participate in design-to-cost, cost target setting, and business case evaluation. Collaborate with engineering and sourcing teams to ensure cost competitiveness. Cross-functional Coordination Work closely with Procurement, Engineering, and Program Management teams for cost transparency. Support Make vs Buy decisions with robust financial modeling. Compliance & Reporting Support internal and external audits with respect to product costing Strategic Sourcing Support Support procurement team in cost negotiations with suppliers. Validate supplier quotes based on in-house cost models and should-cost analysis. Support make vs. buy decisions and localization projects. Skills Deep understanding of manufacturing processes and cost drivers. 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. Leadership skills to manage and develop a team Minimum Qualifications CA / CMA (ICWA) / MBA Finance / Engineering background with costing expertise. 15–20 years of experience in manufacturing finance, with at least 5 years in product costing roles. Prior experience in automotive or EV industry preferred. Strong knowledge of standard costing, variance analysis, and manufacturing KPIs. Working in a greenfield or ramp-up EV plant. Familiarity with government subsidies / incentives for Evs / Localization Additional Compensation and Benefits : Lucid offers a wide range of competitive benefits, including medical, dental, vision, life insurance, disability insurance, vacation, and 401k. The successful candidate may also be eligible to participate in Lucid’s equity program and / or a discretionary annual incentive program, subject to the rules governing such programs. Lucid Motors is an equal opportunities employer and welcomes applications from diverse candidates.

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