Finance & Insurance Manager - Used Vehicle Superstore

Description

Lou Bachrodt has one distinct edge over our competitors, and it is the backbone of the company: HIRING GREAT PEOPLE! When it comes to sales and service, customers have a lot of options, but they select us because of the experience we provide and the enthusiasm our employees have for assisting others and one another. The strength of the whole is built by developing the character and confidence of every individual on our team while offering a pleasant, family environment in which to contribute, and it shows in all we do.

The Finance & Insurance Manager is responsible for producing additional revenue for the dealership by selling finance and insurance programs to new and used car customers. We are looking for a dedicated, experienced individual to serve as the newest addition to our finance team at our Used Vehicle Superstore.

Responsibilities:

• Establish and reach monthly finance and insurance manager goals for automotive sales, service contracts, customer service, and other key benchmarks.
• Assess whether car buyers need financing and payment options before presenting them with appropriate auto finance plans.
• Evaluating credit applications from potential customers and determining whether they are eligible for financing, including arranging for appraisals of used cars or other collateral if needed.
• Maintain the highest ethical standards serving as a finance director and/or manager who is committed to a high customer satisfaction index (CSI).
• Support the auto sales manager during each vehicle purchase and leverage opportunities to offer aftermarket products, service contracts, and insurance programs.
• Abide by federal, state, and local regulations when preparing paperwork, finalizing financial transactions, setting interest rates, and working with lending institutions.
• Manage inventory of finance department supplies, including bank, state, and auto dealership forms.

Requirements

• Proficiency in English and Spanish preferred, third language of Portuguese not required but highly favorable.
• 3-5 years experience working in an automotive dealership
• Strong mathematical and finance skills.
• Excellent written and verbal communication skills to explain complex programs to buyers.
• Knowledge of financial compliance requirements.
• Analytical and problem-solving skills to help customers find a good deal that fits their financial situation.
• Experience with Reynolds and Reynolds (DMS).
• Experience using Docupad.
• Advanced negotiation skills to help customers find the best rate.
• Strong sales and closing skills to boost sales for the dealership.
• Leadership or training skills to educate the sales staff on the available programs.