Finance Manager
The Finance Manager Position has a Pay Scale consisting of the following elements and ranges. Wages include Base Hourly Compensation of between $16.50 and $17.05. The position may also pay commission compensation which is based on the value or amount of closed sales achieved from $0.00 (if no sales are made) without any upper limit other than sales performance. The position also may also pay a production bonus based on individual or team performance that may range from $0.00 (if baseline benchmarks are not met) without any fixed upper limit. |
Position Purpose
The Finance Manager is responsible for the timely completion, review and verification of all financing documents required to complete sales of new and Pre-owned vehicles and the final backstop in the deal process.
Essential Duties and Responsibilities
transactions performed at the assigned dealership.
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· Properly discloses financial information to customers and processes all paperwork in accordance with State and Federal regulations. |
· Establishes and manages banking and lender relationships that result in competitive interest rates for all vehicle sales and leases. |
· Monitors performance and supports sales team. |
· Sells vehicle service contracts and aftermarket products such as tire and wheel protection, GAP, etc. · Provides sales staff and Sales Managers with current information and training about financing and lease programs. · Validates all Manufacturer financial programs and incentives/rebates to ensure eligibility. |
· Explains financing documents, extended warranties, manufacturers and dealership’s service procedures and policies to customers to increase their understanding of the sales transaction, protections and services available. |
· Assist Finance Director with finance forecasting to achieve desired levels of penetration and income. |
· Manage Contracts in Transit” to less than five days. |
· Trains designated back-up to ensure continued efficiency and profitability in the Finance Directors absence. |
· Meets or exceeds monthly forecasted per vehicle retail average. |
· Meets or exceed all sales and customer satisfaction goals established. |
· Accomplishes all current and future tasks as appropriately assigned or requested. |
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