What are the responsibilities and job description for the Automotive Finance Director position at Preston Automotive Group?
Job Overview
The Preston Automotive Group is seeking an experienced Automotive Finance & Insurance Manager to oversee finance and insurance activities, ensuring compliance with regulations and maximizing profitability. This role involves managing relationships with lending institutions and insurance companies, working closely with sales personnel to structure deals, reviewing customer credit applications, presenting finance and insurance options, and monitoring performance metrics.
Responsibilities:
- Manage finance and insurance activities within the dealership, including financing, leasing, and insurance products.
- Develop and maintain relationships with lending institutions and insurance companies to secure competitive financing and insurance rates for customers.
- Collaborate with sales personnel to structure deals that meet customers' needs and maximize dealership profitability.
- Review customer credit applications and financial information to determine financing options and secure approvals.
- Present finance and insurance options to customers, explain terms and conditions, and assist in selecting appropriate products and services.
- Ensure compliance with federal, state, and local regulations governing automotive finance and insurance activities.
- Monitor and analyze finance and insurance performance metrics, identify areas for improvement, and implement strategies to optimize department profitability.
Requirements:
- A commitment to live our company's Core Values of Integrity, Teamwork, Attention to Detail, Urgency, Personal Growth, and Community.
- A minimum of 2-5 years of experience in automotive finance and insurance management preferred.
- A proven track record of success in maximizing dealership profitability and customer satisfaction.
- A strong understanding of finance and insurance products, regulations, and compliance requirements.
- Excellent communication, negotiation, and interpersonal skills.
- The ability to work effectively in a fast-paced, team-oriented environment.
- Proficiency in dealership management systems (CDK experience a plus) and finance software applications.
- Relevant certifications (e.g., AFIP, F&I Manager Certification) preferred.
Estimated Salary: $80,000 - $110,000 per year, depending on experience and qualifications. The Preston Automotive Group offers a comprehensive benefits package, opportunities for professional growth, and a dynamic work environment.
Salary : $80,000 - $110,000
