What are the responsibilities and job description for the Finance Manager - BMW position at Sewell BMW of The Permian Basin?
Finance Manager - BMW
The Finance Manager assists new and used car buyers with their financing and protection needs. F&I Managers work with our financial lenders to acquire approvals and funding for customers. The Finance Manager will execute all necessary loan and titling documents for customers. The Finance Manager will provide excellent customer service while creating the best ownership experience possible for our clients. F&I managers are expected to uphold the highest ethical standards and follow the Federal Safeguard and Red Flag rules and standards.
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Role & Responsibilities:
- Knows and implements dealership policies and procedures.
- Maintains a clean and organized office.
- Communicates all problem deals to management immediately.
- Addresses missing stipulations communicated from lender immediately.
- Adheres to a standard of professional ethics and is respectful to customers.
- Knowledgeable in state regulations regarding finance and the Fair Credit Reporting Act.
- Interacts with appropriate departments.
- Structures deals in accordance with lender and dealership guidelines.
- Performs credit interview, prepares credit application.
- Verifies accuracy of all material information on the credit application and submits to lender.
- Maintains confidentiality of customer information.
- Discloses financial information to customers.
- Sells credit insurance and service contracts.
- Maintains good lender relations.
- Maintains a lender guide of programs currently used and obtains a working knowledge of them.
- Evaluates new lender programs.
- Goes over deals with lenders. Works all deals diligently.
- Maintains a call-in log and contracts in transit log (funding package).
- Reviews funding packages prior to mailing.
- Analyzes credit reports, able to recognize a conventional deal and turns it over accordingly.
Schedule: Monday through Friday, 8 am - 6 pm
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Skills & Qualifications:
- High school diploma or equivalent.
- Ability to understand and use written, electronic and verbal communications.
- Valid in-state Driver's License.
- Professional personal appearance.
- Excellent communication, organization, computer and math skills.
- Bilingual is a plus
Qualifications:
To be successful in this position, the individual must be able to perform each job responsibility satisfactorily, have a valid driver’s license and acceptable driving record, complete a drug screening, background screening, and provide all government I-9 requirements. A combination of education, experience, and training is always considered.
Benefits:
Full-time team members are eligible after a provisional period. The Sewell Family of Companies offers a comprehensive benefit selection to include medical, vision, and dental insurance; supplemental insurances including additional life, 401K retirement savings; continuing education and training.
Additional benefits for full-time team members include company-paid life insurance, company-paid short-term disability, and paid time off.
About Our Organization:
The Sewell Family of Companies takes pride in being a place where people love to work and love to do business. At Sewell, we recognize the value of continuous growth and the character of our team members. We believe every team member has a unique talent, and we are invested in helping them reach their full potential.
Our company maintains a firm policy of equal employment opportunities for all team members. We hire, train, promote and compensate team members based on personal and professional competence and potential for advancement without discrimination regarding race, color, religion, sex, national origin, age, marital status, disability, or citizenship, as well as other classifications protected by applicable federal, state, or local laws.
