Automotive Finance Manager
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Job Location:
Yearly Salary:
Posted on:
15 hours ago
Vacancies:
1 Vacancy
Job Summary
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 youll need a combination of skills education and experience. Here are the key requirements:
- Education:
Bachelors 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
$108000 - 240000/ yr
Required Experience:
Manager
Key Skills
- Sales Experience
- Mechanic Experience
- Customer Service
- Dealership Experience
- GM Vehicles
- Management Experience
- Upselling
- Auto Service Management
- Automotive Repair
- Computer Literacy
- Leadership Experience
- Automotive Service
About Company
As your local Toyota dealer in Killeen, TX, we proudly serve the community with new Toyotas, certified pre-owned Toyotas and used cars for sale.
