Cost & Pricing Specialist📣 Job Ad

About the Role

Lucid Motors is seeking a Cost & Pricing Specialist to manage OEM spare parts cost structures and pricing strategies. This full-time position, based in Riyadh, requires 2-5 years of experience and focuses on ensuring competitive and profitable pricing to support Aftersales growth and market competitiveness.

Role Overview

The Cost & Pricing Specialist - OEM Spare Parts will be responsible for analyzing and controlling the cost structures and pricing of OEM spare parts. The role ensures that pricing aligns with OEM guidelines and business objectives, maintaining profitability across dealer and customer channels. This position plays a key role in supporting Aftersales growth, warranty programs, and overall market competitiveness.

Key Responsibilities

• Analyze landed cost structures for OEM Spare Parts, including purchase price, freight, customs, duties, warehousing, and handling costs.
• Maintain accurate spare parts databases within ERP systems.
• Identify cost variances, deviations, and margin risks, recommending corrective actions.
• Support cost recovery initiatives and continuous improvement in parts profitability.
• Develop and maintain spare parts pricing in accordance with OEM pricing policies, regional guidelines, and local market requirements.
• Calculate dealer net prices, recommended retail prices (RRP), and customer pricing structures.
• Implement pricing changes related to cost updates, currency fluctuations, and OEM bulletins.
• Ensure pricing competitiveness while safeguarding target margins.
• Ensure full compliance with OEM pricing frameworks, audit requirements, and approval workflows.
• Manage pricing submissions, approvals, and documentation required by the OEM.
• Support internal and external audits related to cost and pricing governance.
• Ensure traceability and transparency of pricing decisions.
• Provide pricing support to dealer networks, sales, and Aftersales teams.
• Analyze dealer margin structures and recommend pricing adjustments as needed.
• Support special pricing requests, campaigns, promotions, and volume programs.
• Address dealer pricing escalations and ensure alignment with OEM policies.
• Support pricing for recalls, service campaigns, warranty parts, and goodwill programs.
• Coordinate cost and pricing impact assessments for new model launches and parts introductions.
• Ensure correct pricing of VOR, emergency, and critical spare parts.
• Prepare regular reports on parts margin performance, cost movements, price changes, and dealer margin analysis.
• Monitor pricing KPIs and identify risks affecting profitability or compliance.
• Support management with data-driven insights and recommendations.
• Work closely with Aftersales, Parts Planning, Supply Chain, Finance, Sales, and IT teams.
• Support system enhancements related to pricing and cost management (ERP/WMS).
• Participate in regional and OEM pricing reviews and initiatives.

Required Qualifications and Skills

• 3–5 years of experience in cost, pricing, or financial analysis, preferably within automotive OEM spare parts or aftersales operations.
• Strong understanding of OEM pricing structures, dealer margins, and parts lifecycle.
• Experience working with ERP systems (SAP preferred).
• Strong analytical and financial modeling skills.
• High attention to detail and data accuracy.
• Advanced Excel and reporting skills.
• Knowledge of the automotive spare parts business and aftermarket dynamics.
• Strong communication and stakeholder management skills.
• Ability to work under tight deadlines and pricing governance frameworks.
• Commercial mindset with strong compliance awareness.

Work Environment

This is a full-time position located in Riyadh. The role requires close collaboration with various internal departments, including Aftersales, Parts Planning, Supply Chain, Finance, Sales, and IT.