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Financial Manager
Hemet, CA

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Westpark Automotive Company Inc

Automotive Finance Manager

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Job Description

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 .