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Sr. Manager, Product Development

2 months ago

Lansing, United States Lucid Group inc. Full time

As the Senior Manager of Product Development Finance at Lucid Motors, you will play a pivotal role in driving financial strategies and decisions related to our product development initiatives. You will collaborate closely with cross-functional teams to ensure financial alignment with product goals, drive cost optimization, and provide strategic guidance to support Lucid's growth and success.

This opportunity will be a hybrid role sitting out of our Southfield, MI location.

You Will:

Develop and implement financial strategies aligned with product development objectives, ensuring alignment with overall company goals and financial targets.

Lead the budgeting and forecasting processes for product development initiatives, providing accurate financial projections and performance analysis.

Maintains a high-performance team that partners closely with business unit / functional leaders and managers to lead strategy, planning & execution.

Prepare and present financial reports, variance analysis, and performance metrics to senior leadership, providing insights and recommendations for continuous improvement.

Leading the consolidation and analysis of financial data across the Program and Product Finance Analysts including reconciliations, period-to-period variance analysis, derivation of vehicle cost targets, analyzing cost deviation with variance explanations.

Support and steer the development of profitability models estimating capital payback periods and rates of return.

Lead the developing and refinement of business case assessments with relevant teams to support Program decisions.

Lead operating team alignment and decision making as it pertains to financial implications; present data in cohesive reports that provide clear communication and recommendations.

Be highly integrated with Management to guide and influence long term and strategic decision making within the broadest scope. Provide objective business consultancy and financial guidance to the company.

Partner closely with the operating team (including: Retail, Engineering, Purchasing, Quality, Manufacturing, Program Management, Marketing, and Business Development) to understand financial inputs and provide guidance on operating decisions.

You Bring:

Bachelor’s degree in Finance, Engineering or related field

Master’s degree in Business Administration (MBA) preferred

At least 8 years relevant experience, with a minimum of 4 years of variance analysis experience (actuals to forecast comparison) and period-to-period analysis

Managerial and Finance analyst experience at an Automotive OEM or Tier 1 Supplier (a huge plus)

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

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