Sr. Cost Engineer

Lucid Motors; Southfield (MI); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Equity program

Bonuses

PTO

401(k) plan

Job summary

Lucid Motors is seeking a Sr. Engineer, Cost Engineering to lead cost modeling across our vehicle portfolio. You will generate precise should-cost estimates from BoM, CAD data, and manufacturing inputs, and perform teardown analyses to refine cost structures.

In this role you’ll drive value analysis, partner with Global Supply Management, and support product development with cost-aware design choices to meet budget objectives.

Qualifications

• 5+ years in cost estimation, modeling, procurement or engineering roles.
• Bachelor's in a relevant engineering or business field, or equivalent experience.

Responsibilities

• Develop cost estimates using BoM data, CAD, drawings and cost systems.
• Perform teardown and BoM analysis for components and assemblies.
• Support value engineering and cost-reduction activities.
• Collaborate with Global Supply Managers to assess supplier pricing.
• Work with engineering to align cost targets with budgets.

Skills

Manufacturing processes

Mechanical eng.

Electrical eng.

Cost modeling

CAD interpretation

Cost tools

Financial awareness

CAD tools

Communication

Education

Bachelor's degree in Mechanical/ Manufacturing/ Industrial Eng or related

Equivalent cost-estimation experience

Tools

aPriori

CostData

Siemens PCM

FACTON

Job description

About Lucid

At Lucid, we are creating exceptional mobility experiences through innovation to drive the world forward. Built on Lucid’s proprietary technology and software-defined vehicle architecture, our award-winning vehicles bring our “Compromise Nothing™” approach to the global automotive market. That means refusing to choose between performance and sustainability, design and engineering, ambition and integrity. In Lucid Air and Lucid Gravity, we have designed and built vehicles that have redefined their segments, combining exceptional range, performance, design, and expansive space in a single experience.

We achieve this through deep vertical integration, with design, engineering, and production happening in-house across our global offices and manufacturing facilities. Our teams come from industries around the world, united by a shared commitment to excellence. By refusing to settle, you can help redefine what’s possible and shape the future of mobility.

As a Sr. Engineer, Cost Engineering, you will join our high-caliber Cost Engineering team at Lucid Motors. In this role, you'll leverage your deep expertise in cost modeling to create detailed should-cost analyses for components and assemblies across our entire product portfolio. This isn't just about crunching numbers – we need someone who can dive deep into manufacturing processes, understand cost drivers, and work collaboratively with cross-functional teams to identify and capture value. Your analytical rigor and business acumen will directly impact our bottom line and competitive position in the market.

Role

You Will:

• Develop Detailed Cost Estimates:Utilize Engineering BoM information, engineering drawings, computer-aided design (CAD) models, costing systems, and physical parts to generate precise piece price and tooling cost estimates inclusive of product, direct, and indirect costs.
• Teardown and Analysis:Perform or support teardown of complex automotive components to analyze parts and develop a Bill of Materials (BoM). When detailed engineering data is not available, create cost estimates using physical parts and in-depth process knowledge.
• Value Analysis and Engineering:Support Value Analysis and Value Engineering activities by identifying cost-saving opportunities within designs and manufacturing processes.
• Supply Chain:Partner with Global Supply Managers (GSMs) to evaluate supplier pricing and cost structures, assess deviations between actual costs and cost estimates, identifying variances, opportunities for negotiation and cost reduction to achieve optimal sourcing outcomes.
• Product Development & Engineering:Partner with engineering teams to utilize cost estimates and cost models to evaluate design choices, assess cost implications, and ensure alignment with budgetary constraints and target cost objectives.

You Bring:

• Manufacturing Process Expertise:Knowledge and expertise of specific manufacturing processes relevant to the automotive industry, including cycle time calculations, tooling requirements, and prototype and production cost drivers.
  • Mechanical Expertise: Machining, Stamping (Progressive, Transfer, Stage, Hot Stamping), Injection Molding (Conventional, Over Molding, Multi-Shot, Insert, Compression, Reaction Foam, Structural Foam, Blow, and Gas Assisted), Casting (Die, Sand, and Investment), Forging, Extrusions, Roll Forming, etc.
  • Electrical Expertise: Wiring and Harnesses, Printed Circuit Board Assemblies, Electro-Mechanical Systems (Motors, Actuators), Magnets, Power Electronics (IGBT’s, MOSFETs), Lighting (LED Manufacturing), Connectors and Terminals, Sensors, Cable and Conduit, etc.
• Cost Modeling:Proven experience in developing and utilizing complex cost models, integrating engineering data, manufacturing process knowledge, and supplier quotations.
• Engineering Design Understanding:Strong engineering skills to interpret CAD models, understand engineering design drawings, and extract key cost-related information for accurate cost estimation.
• Cost Modeling Tool Proficiency:Experience utilizing cost modeling tools like aPriori, CostData, Siemens Product Cost Management, FACTON, or similar or indexes consulted to create cost models.
• Financial Proficiency:Knowledge of interpreting financial reporting and market trends that influence product costs and the ability to adjust estimates based on economic factors and conditions.
• CAD Proficiency:Proficiency in using CAD software (e.g., CATIA, SolidWorks) to analyze and interpret component designs, contributing to cost estimates and process optimization.
• Communication:Proficient in clearly conveying complex cost-related insights to diverse audiences, including technical and non-technical stakeholders, through verbal, written, and visual means.

Qualifications

We recognize cost estimation talent comes through many paths and encourage any of the below qualifications to apply:

Required

• Minimum of 5+ Years Experience in cost estimation, modeling, procurement, or engineering disciplines
• Bachelor's degree in Mechanical Engineering, Manufacturing Engineering, Industrial Engineering, Systems Engineering, Electrical Engineering, Supply Chain, Business Administration, or Finance.
• Equivalent experience in cost estimation, procurement and tool and die manufacturing including technical certifications, apprenticeship completion, or extensive automotive industry experience.

Preferred

• Master’s degree (or higher) in Mechanical Engineering, Industrial Engineering, Manufacturing Engineering, Engineering Management, Business Administration, Finance or similar

Equal Opportunity

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.

Compensation & Benefits

Lucid offers a comprehensive and competitive benefits package including medical, dental, and vision insurance; life and disability coverage; paid time off; paid holidays, paid sick leave; and a401(k) retirementplan.

• Hourly/non-exempt employees accrue up to 120 hours paid time off
• Salaried/exempt employees accrue up to 160 hours paid time off
• Eligible employees may also participate in Lucid’s equity program and/or a discretionary annual cash incentive program
• Incentive and equity awards, if applicable, are determined based on individual performance, role scope, market considerations, and overall company results, in accordance with the terms of the applicable plans.

Accessibility

Lucid Motors is committed to providing reasonable accommodations for qualified individuals with disabilities. If you need any accommodation to participate in the application process, please contact us at TA-Operations <@> lucidmotors.com. This email address is designated solely for accommodation requests and is not monitored for job applications or resume submissions. To be considered for employment, all applications must be submitted through the Lucid Motors Careers website.

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