Manager, Warranty Operations & Analysis Finance

Lucid Motors

5500

Newark, CA, United States

Posted on: 2023-10-13

Category: emobility

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Expired

Employment type:

Full time

Experience required:

Intermediate

Salary

Salary not provided

About the company:

Lucid is the new generation of EV. Our relentless focus on innovation, luxury, and sustainability drives us into a reality where you no longer have to choose between doing great things, doing the right thing, and doing everything with the highest regard for efficiency and design. There were luxury cars, then EVs, now there’s Lucid.

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.

We plan to lead in this new era of luxury electric by returning to the fundamentals of great design – where every decision we make is in service of the individual and environment. Because when you are no longer bound by convention, you are free to define your own experience.

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.

We are looking for a Finance Manager, Warranty Operations & Analysis to deliver accurate, data-based information and provide sophisticated reporting. This role will play an integral part of the Finance team that directly helps secure the success of the company. The focus of the team is to provide a high degree of financial transparency across the company and facilitate business decision coordination with all departments.

Salary Range: The compensation range for this position is specific to the locations listed below and is the range Lucid reasonably and in good faith expects to pay for the position taking into account the wide variety of factors that are considered in making compensation decisions, including job-related knowledge; skillset; experience, education and training; certifications; and other relevant business and organizational factors.

· California (Bay Area) - $131,000 – $187,000

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.)

Lucid maintains your privacy according to its Candidate Privacy Notice. If you are a California resident, please refer to our California Candidate Privacy Notice.

At Lucid, we don’t just welcome diversity - we celebrate it! Lucid Motors is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, national or ethnic origin, age, religion, disability, sexual orientation, gender, gender identity and expression, marital status, and any other characteristic protected under applicable State or Federal laws and regulations.

To all recruitment agencies: Lucid Motors does not accept agency resumes. Please do not forward resumes to our careers alias or other Lucid Motors employees. Lucid Motors is not responsible for any fees related to unsolicited resumes.

You Will:

Collaborate with Quality, Engineering, Service, Accounting and Purchasing operations in the development and administration of warranty policies and processes, including continued refinement of warranty operating/financial performance data

Lead the financial analysis of warranty service field data to understand vehicle performance trends and key drivers to drive business influence and decision making

Lead the warranty status of multiple product programs with regular reporting of work-order and financial information and applicable accounting accrual data

Own the warranty scorecard and KPI reporting to drive performance, visibility, management, and ongoing improvement

Manage the required analysis for monthly financial reviews of warranty activity, including input to the annual operating plans, monthly financial forecasts, and long-term business plans

Manage the consolidation and analysis of financial data including reconciliations, period-to-period variance analysis, derivation of vehicle warranty cost targets, analyzing cost deviation with variance explanations

Manage team, develop exceptional talent, and encourage team to challenge assumptions

Develop, maintain, and utilize complex financial models to support analysis and business case assessment of various scenarios for warranty

Manage the tracking, analysis, and maintenance of warranty claims and other KPIs through appropriate databases

Oversee warranty reserve models and warranty reserve adequacy analysis; ensure Finance and Operations alignment

Provide finance leadership in implementation of ERP system application specific to warranty claims and analysis

Facilitate alignment among operating teams and the decision making; be able to present data in cohesive reports that provide clear communication and recommendations

Actively participate in management discussions to guide and influence long term and strategic decision-making within the broadest scope. Provide objective business consultancy and financial guidance to the company

Provide new perspective to propose opportunities for improvement across processes and business functions

You Bring:

Bachelor’s degree in Finance, Engineering, or related field

Master’s degree in Business Administration (MBA) – preferred

At least 8 years’ industry experience, with a minimum of 5 years of financial variance analysis (actuals to forecast and actuals vs. plan comparisons) and period-to-period analysis

2+ years of direct team leadership experience

Intimate understanding of the principles of warranty policy, warranty service, warranty reserves/accruals/accounting, and warranty claim payment - including standard and extended warranty plans for vehicles

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

Demonstrated effective written, interpersonal, and oral communication skills

Established ability using SAP and Microsoft Office software with a particularly high proficiency with Excel

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