Cost & Pricing Specialist📣 Job Ad

About the Role

Lucid Motors Middle East is seeking a Cost & Pricing Specialist to join its team in Riyadh, Saudi Arabia. This role is essential for managing, analyzing, and controlling spare parts cost structures and pricing strategies. The specialist will ensure competitive, compliant, and profitable pricing across dealer and customer channels, supporting Aftersales growth, warranty programs, and market competitiveness.

Lucid Motors is committed to creating exceptional mobility experiences through innovation, proprietary technology, and a software-defined vehicle architecture. The company's "Compromise Nothing™" approach is achieved through deep vertical integration, with design, engineering, and production handled in-house. Joining Lucid means contributing to shaping the future of mobility.

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, and recommend corrective actions.
• Support cost recovery initiatives and drive 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 resulting from 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 as 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.
• 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 (Vehicle Off Road), 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.
• Collaborate 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.

Qualifications and Requirements

• A minimum of 3 to 5 years of experience in cost, pricing, or financial analysis, preferably within automotive OEM spare parts or aftersales operations.
• A strong understanding of OEM pricing structures, dealer margins, and the parts lifecycle.
• Experience working with ERP systems, with SAP being preferred.

Required Skills

• 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 within pricing governance frameworks.
• A commercial mindset with strong compliance awareness.

Work Environment and Location

This is a full-time position located in Riyadh, Saudi Arabia.