Finance Business Partner – Product Costing
Job Summary:
We are looking for FBP, Product Costing to support Supply Chain operations, to deliver accurate, data-based information and analysis. The focus of the role is to provide a high degree of financial transparency and business modeling across the company and facilitate business decision coordination with all departments.
If you are detail-oriented, proactive and enjoy a challenge then we want to talk with you!
Responsibilities:
- Planning, Target Setting & Cost Modeling
- Define and track material cost targets, including vendor tooling and supplier risk
- Establish commodity / part-level cost targets aligned with the business plan
- Ensure accuracy and governance of Bill of Materials (BoM) structure and costing
- Manage BoM tracking to ensure structure accuracy and sourcing alignment
- Maintain vehicle / model-level cost targets based on volume mix
- Develop and validate cost models, incorporating raw material, weight, sourcing, and engineering/design changes
- Financial Reporting & Variance Analysis
- Prepare monthly financial reports (Actual vs Budget vs Forecast)
- Perform variance analysis and provide root cause insights
- Consolidate and reconcile financial data across planning cycles
- Investment Analysis & Business Case Development
- Develop ROI / NPV analysis for supplier investments and cost optimization initiatives
- Build profitability models, including payback period and return metrics
- Support senior management decision-making through structured financial evaluations
- Cost Optimization & Benchmarking
- Conduct benchmarking studies to evaluate cost competitiveness
- Support cost reduction initiatives (e.g., TVM, Change Control)
- Identify opportunities for cost savings and efficiency improvements
- Business Partnering & Decision Support
- Partner with Sourcing, Engineering, and Operations teams
- Support material demand planning and sourcing strategies
- Provide financial insights, analysis, and recommendations for key decisions
Required Skills:
- 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.
- Demonstrated effective written, interpersonal and oral communication skills
Minimum Qualifications:
- Bachelor’s degree in finance, Accounting or related field
- Master’s degree in business administration (MBA) – preferred
- At least 10 years’ relevant experience
- Proven technical, quantitative and critical-thinking skills, high level of independent judgment, initiative and creativity to identify and clearly communicate key performance drivers to management
- Ability to manage multiple projects and assignments with a high degree of autonomy and accountability for results
- Established ability using Microsoft Office software with a high proficiency with Excel
- Finance analyst experience at an Automotive OEM or Tier 1 Supplier – a huge plus!
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. (Cash or equity incentive awards, if any, will depend on various factors, including, without limitation, individual and company performance.)
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