Automotive Finance Manager

Job DescriptionJob DescriptionDescription:

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 .