Finance Manager

Full job description

Finance and Insurance Manager

Opportunity for Growth and Advancement!

Seeking Experienced - Energetic- Leader

$100,000+ Annual Earning Potential

Job Summary

The Finance Manager is directly responsible for building a Team atmosphere that allows the dealership to attain top box Customer Satisfaction and consistent department profitability.

Other goals and responsibilities will include but are not limited to ensuring we maintain excellent relationships with lenders, manufacturer rebates are correct, submitted, and promptly funded, and contracts are correct, routed to accounting in a timely fashion, and funded expeditiously.

Finance Manager will ensure every deal is handled ethically.

Consistently achieves a Success Index (product penetrations)

Disclaimer : This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned.

Responsibilities and Duties

Essential Duties

• Maintains strong Finance Source Relationships
• Successfully obtains lender approvals through appropriate deal structure and strong negotiation skills
• 100% presentation of products utilizing a Menu
• Successfully sells a full line of backend products achieving penetration and per-copy targets
• Minimizes chargebacks by ensuring customers understand product values and charging appropriate markup.
• Customer signature of menu items purchased and declined is required in all deal jackets
• Works with variable department management to maximize volume and gross
• Provides back up to desk as needed
• Completes all paperwork accurately and routes to ensure quick funding
• Reviews all deals for accuracy, i.e.

finance reserve, taxes, registration fees, manufacturer rebates, and any other special programs

• Ensures 100% adherence to all compliance policies and laws (Red Flag, Risk-Based Disclosure Notices, Adverse Action Notices, FTC Safeguard Rules)
• Assists in mentoring and training the Sales Team

Product Presentation / Disclosure

• 100% Turnover to F&I
• 100% Customer Interview / 100% Product Presentation
• Menu or Disclosure with Customer Acceptance / Rejection of Product(s)

Legal Compliance : Understand and comply with all Federal Regulations including but not limited to :

• Signed credit applications on all potential buyers regardless of sale
• Privacy notices
• Risk-Based Pricing Notice
• Red Flag / OFAC
• Adverse Action Letters
• Safeguarding Customer Data

Personal Accountability

• Professional appearance
• Reliable
• Punctual
• Teamwork

Physical Demands

• Sitting for long periods.
• standing
• walking
• It may require lifting to 25 lbs.

Qualifications and Skills Job Requirements

Two or more years of Automotive Sales Experience and 1 or more years of dealership management experience

• Must be able to work in a highly ethical environment and adhere to all policies including product mark-up caps.
• Must be able to handle desk duties when not working F&I successfully
• Must pass a drug test, background check, and Motor Vehicle Record Check

Benefits

• Competitive Compensation Package
• 401K eligibility
• Commission
• Bonuses
• Store Discounts
• Demo ( clean driving record)

Benefits :

• Health insurance
• Dental Insurance
• Vision insurance
• Retirement plan
• Paid time off

Job Type : Full-time

Education :

Bachelor's (Preferred)

Experience :

• F&I : 2 years (Preferred)
• Auto Sales : 2 years (Preferred)

License / Certification :

AFIP certification (Preferred)

Work Location : In person greater Grand Rapids Area