Lucid Motors - Southfield, MI
posted about 2 months ago
At Lucid, we are on a mission to redefine luxury electric vehicles, focusing on elevating the human experience while pushing the boundaries of performance and intelligence. As a Manager of Cost Accounting, you will play a pivotal role in our Arizona manufacturing plant, overseeing advanced automotive manufacturing costing. This position is integral to our manufacturing cost accounting team, where you will be responsible for implementing financial controls and driving operational improvements related to inventory management. Your efforts will ensure the accuracy and completeness of inventory valuation and gross margin, which are critical to our success in this new era of luxury electric vehicles. In this role, you will act as the primary point of contact for managing Standard Cost. You will actively evaluate operational costs, set up standards, and review forecasts against actual costs to identify variances. Collaboration is key, as you will partner with various teams across the business, including IT, operations, logistics, manufacturing, and purchasing, to gain insights into product costs and variance drivers. You will lead the monthly close process, reviewing material and production variances to ensure the accuracy of inventory, capitalized costs, Cost of Goods Sold (COGS), and reporting. Your responsibilities will also include financial oversight on inventory management, cycle counts, inventory adjustments, and reserves for scrap and excess & obsolescence. You will own, implement, and maintain internal controls on accounting processes, ensuring compliance with the Sarbanes-Oxley Act (SOX) for inventory and related operations. Additionally, you will prepare financial records and reports in accordance with the company's policies and U.S. GAAP standards, supporting external audits for interim and year-end processes. By partnering closely with key internal stakeholders, you will streamline workflows, reduce monthly close cycle times, and continuously improve cost accounting processes. Furthermore, you will provide direction on accounting questions to others within the finance groups and key stakeholders, fostering a collaborative environment.