What are the responsibilities and job description for the Finance Manager for Automotive Retail position at LAcarGUY?
Job duties for an F&I Manager include:
- Offering vehicle financing and insurance to customers and providing them with a thorough explanation of aftermarket products and extended warranties and a complete explanation of manufacturer and dealership service procedures and policies.
- Seeking new lending institutions and maintaining good working relationships to secure competitive interest rates and financing programs.
- Processing financing and leasing deals accurately and securing approval through financial sources to secure approval and through the proper federal, state and corporate channels.
- Understanding and complying with federal, state and local regulations that affect the new and used-vehicle and finance departments.
- Creating and maintaining a program with the sales department that will ensure all new sales are referred to the F&I department.
- Training and providing the sales team with information on finance and lease programs and the benefits of the dealership’s financing and extended service programs.
- Knowledgable in Dealer Management Systems (DMS) i.e CDK/ADP, Route One, DMV Desk, Darwin, Axcessa etc..
- Job Requirements:
It is recommended that the finance and insurance manager has two years of automotive sales experience and two years in a dealership managerial position.
Managerial positions are required to maintain the profitability of their department while controlling expenses and maintaining customer satisfaction.
Managers are required to not only understand and keep abreast of the federal, state, and local regulations that affect their operations.
F & I personnel require strong communication skills in order to work with customers, employees and finance and insurance vendors as they represent the dealership.
People working within the automotive retail industry often have to work extended hours, evenings and weekends to achieve their goals.
Summary
As a Finance Manager for Automotive Retail, you will be instrumental in overseeing financial operations within the dealership, ensuring optimal sales performance and customer satisfaction. Your core skills in dealership experience, negotiation, and credit analysis will be vital in managing loan processing and financial services. With a focus on building strong customer relationships, your premium skills in customer relationship management will enhance the overall buying experience. Additionally, your relevant expertise in contracts and financial software will support the dealership's financial health and compliance with regulations. Join us in driving success in the automotive retail sector.
Job Type: Full-time
Pay: $100,000.00 - $300,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee discount
- Flexible schedule
- Health insurance
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Schedule:
- 10 hour shift
- 8 hour shift
- Day shift
- Holidays
- Night shift
- Overtime
- Weekends as needed
Supplemental Pay:
- Bonus opportunities
- Commission pay
Experience:
- Automotive Finance Manager: 3 years (Required)
- Automotive Sales: 2 years (Required)
Work Location: In person
Salary : $100,000 - $300,000
