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.
In this role, you will lead Residual Value Management as part of Lucid’s Financial Services organization. You will have deep automotive financial services experience with a strong analytical skillset and expertise in market research, forecasting and competitive landscape analysis.
Responsibilities:
- Build and lead the Residual Value (RV) Management function at Lucid supporting all regions globally
- Provide actionable insights and develop data-based strategies to strengthen Lucid’s portfolio, improve & maximize Residual Value performance and increase profitability across each market
- Manage relationships with residual benchmark companies in ea
- Establish credibility within Lucid as the go-to expert in Financial Services on EV Research and industry insights, develop EV outlook & forecast EV resale values based on data-backed assumptions
- Experience with the EV segment, used car market and remarketing strategies across domestic and international markets is a strong plus
- This role will engage regularly with C-Level executives and other Senior Management to provide inputs on RV impact and advice management on strategies to build brand strength and customer retention in this regard. Must be able to effectively communicate with executive management, including leading discussions on building Residual Values of Lucid vehicles, impact of proposed incentives on RVs, Lucid RV updates, insights on competitor’s RVs, and impact of market conditions on Lucid RVs
- Effectively collaborate with key cross functional stakeholders including CEO, CFO, Sales, Corporate Strategy, Technology, Accounting, and lending partners to ensure frictionless processes, alignment and new product development
- Build and maintain appropriate management reporting to ensure transparency regarding performance with a solid bias for decision making
- Serve as an internal resource and subject matter expert for questions and issues surrounding Residual Values
Required Qualifications:
- 7+ years’ automotive and financial services experience in Captive Finance, Startups, Remarketing and/or Risk Management
- Proven experience and skillset in Analytics, Forecasting, Financial Modeling and/or Market Research in Automotive Finance
- Excellent knowledge of Automotive Financial Services products
- Experience with Residual Value analysis is required
- Experience in people management is desirable including hiring, performance management, and leadership
- Excellent interpersonal skills and ability to effectively communicate and work across all levels & functional areas
- Proven problem solving skills and experience influencing executive stakeholders
- Ability to switch between Strategic and tactical to drive results and innovation
- Bachelors degree required
Preferred:
- Experience in the Luxury & EV segment is strongly preferred
- Experience in project management and/or process improvement
- MBA or similar masters degree
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.
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