Automotive Finance Manager

Job Type
Full-time

Description

An Automotive Finance Manager plays a crucial role in the automotive industry. Here are the key duties and responsibilities for this position:

- Understanding Customer Finances :
Reviewing and comprehending customers’ credit scores and financial situations.
- Collaborating with customers to understand their automotive financing needs and options.

- Negotiating and Finalizing Deals :
Negotiating and finalizing sales with customers and lenders.
- Ensuring accurate processing of financing and leasing transactions, securing approvals from financial sources and banks.

- Providing Expertise :
Offering vehicle financing and protection products to customers, explaining aftermarket products and vehicle service agreements.
- Developing and maintaining relationships with banking, lending, and finance institutions.

- Compliance and Regulations :
Ensuring compliance with privacy laws, company policies, and federal, state, and local regulations.
- Staying informed about regulations affecting new and used vehicles and finance departments.

Requirements

To become an Automotive Finance Manager , you’ll need a combination of skills, education, and experience. Here are the key requirements:

- Education :

Bachelor's degree with a focus on business and finance or two years new car dealer automotive finance experience.

- Experience :
Dealership Experience : At least two years of experience as a dealership finance and insurance (F&I) manager or in sales.
- Understanding of Lending and Financing Processes : Familiarity with loan structuring, lending institutions, and dealership financial operations.

- Skills and Qualifications :
Financial Acumen : Ability to navigate lending institutions and understand loan processes.
- Automotive Industry Knowledge : Understanding of automotive financing, lending practices, and regulatory compliance.
- Strong Communication and Negotiation Skills .

Salary Description
$108,000 - 240,000/ yr