Job Description
Finance and Insurance Manager
Lotus Cars and BMW Motorcycles is eager to add an Finance Manager to our progressive team. We are a family-owned dealership with a hands-on owner that is focused on growing the business and expanding our reach. Proven track record is a requirement for this position. Summary The finance and insurance manager utilizes finance, insurance and after-sale programs to generate additional revenue for the dealership.
Core Responsibilities Sell financing and insurance packages to customers.
Finance and insurance manager may be required to:
- Explain aftermarket products and extended warranties to customers.
- Nurture productive working relationships with multiple finance sources, and pursue competitive finance programs and interest rates through current and new lenders.
- Convert cash transactions to finance.
- Secure finance approval by accurately preparing finance/lease transactions through finance sources.
- Prepare/file all government and dealer vehicle transaction reports in a timely manner.
- Verify documents contain valid title, lien, and tax information prior to routing to accounting.
- Receive all applications for credit.
- Develop a system to yield 100% turnover to the finance and insurance department.
- Manage insurance files, and pursue new insurance companies for insurance paper.
- Field rate quotation questions.
- Obtain current state insurance license and attend continuing credit insurance education as required to maintain license.
- Explain dealership and manufacturer service policies to customers.
- Regularly review financing, extended service and insurance programs with sales team.
- Generate finance penetration reports, and coordinate with sales department to develop finance forecasts.
- Verify insurance and finance fees are collected.
- Review vehicle sale profits with sales manager.
- Coordinate with customer service representative to develop strategies for maximizing customer satisfaction.
- Coordinate with sales manager to develop departmental goals/objectives with achievement strategies.
- Generate EOM commission reports for each member of sales team and forward to the payroll office.
- Retain ample supply of all contracts and forms necessary to complete/finalize vehicle transactions.
- Attend manager meetings.
- Train a designated employee to perform these duties in the finance and insurance manager's absence.
In addition, finance and insurance manager should:
- Possess basic math skills.
- Be capable of speaking with customers or employees; reading/understanding manuals, operating and maintenance instructions, and safety regulations; and writing financial/marketing reports and other correspondence.
- Be professional and courteous in attitude, wardrobe and grooming.
- Uphold the highest ethical standards.
- Understand and comply with current and future government regulations affecting new- and used-vehicle and finance departments.
- Complete other duties as assigned.
Education and/or Experience Bachelor's degree from four-year college/university, 1-2 years work-related experience/training, or an equivalent combination.
Benefits - Health, dental, vision insurance
- 401k match
- Paid time off
- Growth opportunities
- Paid holidays
- Close to the beach
- Competitive pay
- Employee discount program
Job Tags
Holiday work,