Sr. Cost Engineer

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 seeking a highly skilled Cost Engineer to support our supply chain organization in all vehicle manufacturing commodities. This role requires a deep technical understanding of automotive manufacturing processes, cost modeling, and engineering design. The Senior Cost Engineer will play a critical role in developing accurate, defensible cost estimates to support commercial negotiations and drive cost-reduction initiatives.

You Will

• Develop Detailed Cost Estimates: Utilize Engineering BoM information, engineering drawings, Computer-Aided Design (CAD) models, and physical parts to generate precise piece price cost estimates. This includes calculating cycle times, labor, material costs, and overheads for various manufacturing processes.
• Teardown and Analysis: Perform 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.
• Cost Model Creation: Develop comprehensive cost models across commodities, leveraging technical expertise in automotive manufacturing processes, including cycle time calculations, to provide feedback on supplier quotations and ensure cost accuracy.
• Engineering Collaboration: Work closely with engineering teams to interpret CAD models, understand detailed design drawings, and support design-to-cost initiatives for new products and engineering changes.
• Process Knowledge: Apply in-depth knowledge of manufacturing processes such as electronics assembly, PCB manufacturing, harnesses, injection molding, stamping, casting, and general assembly to provide insights and optimize cost estimates.
• Cross-Functional Collaboration: Partner with procurement, engineering, finance, and operations to develop cost targets for tooling and the total vehicle BoM, supporting the Engineering Lifecycle across all platforms.
• Data Collection and Analysis: Gather and maintain key cost driver data, including raw materials, production labor, machine rates, and process parameters, to build data-driven cost models.
• Project Leadership: Lead projects and take the initiative to implement corrective actions, propose innovative solutions, and effectively communicate with project teams in a dynamic, fast-paced environment.
• Supplier Visits: 15% Ability to travel to supplier locations to review manufacturing processes with Procurement and Engineering.
  
  

You Bring

• Manufacturing Process Expertise: Extensive knowledge of various automotive manufacturing processes, including cycle time calculations, tooling requirements, and production cost drivers.
• 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.
• CAD Proficiency: Proficiency in using CAD software (e.g., CATIA, SolidWorks) to analyze and interpret component designs, contributing to cost estimates and process optimization.
• Analytical Skills: Strong analytical skills to break down components, perform teardowns, and create data-driven cost models for complex assemblies and individual parts.
• Education: Bachelor’s degree in engineering, supply chain, finance, or a related field. An MBA or Master of Engineering is highly preferred.
• Experience: Minimum of 5 years of experience in manufacturing costing, including electronics, PCBA, harnesses, injection molding, stamping, casting, and general assemblies. Experience in Automotive Industry is ideal.
• Curiosity and Initiative: A proactive mindset with a keen curiosity to explore cost-saving opportunities and build from scratch in a fast-paced environment.
  
  

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