Automotive Finance Manager

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 .