Acura Finance Manager

murgadoautomotive; Highland Park (IL); On-site; USD 65,000 - 90,000; Full time

Job summary

Acura Highland Park, part of Murgado Automotive Group, is seeking a Finance Manager to support Client Advisors in presenting and executing financing, insurance, and warranties for vehicle buyers.

You will protect gross profit by coordinating with lenders, maintain lender relationships, process all related paperwork, and ensure compliance with federal, state, and local regulations while driving profitability and customer satisfaction.

Qualifications

• High school diploma or GED required.
• 3+ years of related experience and/or training.

Responsibilities

• Protect gross profit by arranging financing so outside sources do not affect margins.
• Establish lender relations to tie the customer closer to the dealership.
• Generate income through the sale of service contracts, GAP coverage, and maintenance plans.
• Process vehicle financing and lease paperwork accurately with lenders and manufacturers.
• Complete all paperwork for vehicle sales and leases in a timely and compliant manner.
• Ensure compliance with federal, state, and local regulations affecting finance and vehicle departments.

Skills

Finance knowledge

Lender relations

Regulatory compliance

Education

High school diploma or GED

Job description

Acura Highland Park is part of one of the best automotive groups (Murgado Automotive Group) in the country. We strongly believe that our team is what makes our dealerships best in class. When you join our team, you become more than an employee; you become part of a friendly, tight-knit family. We care about you and your dreams, ambitions and goals. And the opportunity for growth is endless. We only promote from within our company and the sky is the limit.

The Finance Manager works with and supports the Client Advisors as they present, sell and execute the sale of finance, insurance, and warranty products to clients purchasing a vehicle.

ESSENTIAL DUTIES

• Protects gross profit by arranging financing so outside sources do not have an impact on selling margins.
• Establishes lender relations that tie the customer closer to the dealership.
• Generates additional income through the sales of vehicle service contracts, GAP coverage, and maintenance plans.
• Works with Client Advisors to maintain control of all paperwork until it is ready to be turned into the general office.
• Responsible for all paperwork involved with the sale of the vehicle, including obtaining customer signatures and securing payoff and insurance information.
• Converts cash deals to finance.
• Establishes and maintains good working relationships with several finance sources, including the manufacturer.
• Processes finance and lease deals accurately and fairly through financial sources to secure approval.
• Conducts business in an ethical and professional manner.
• Understands how to process all federal, state, and dealer paperwork related to vehicle transactions.
• Understands and complies with federal, state, and local regulations that affect the new- and used-vehicle and finance departments.
• Completes paperwork necessary for vehicle sales and leases in a timely and efficient manner.
• Observes and learns how to check all paperwork for correct title, lien information, taxes, etc., before forwarding to accounting.
• Acquires and maintains current state insurance license, completing continuing credit insurance education as needed.
• Provides customers with complete explanations of manufacturer and dealership service procedures and policies.
• Gets exposure to managing the alternative finance source program to ensure that several sources are available.
• Assists with providing sales force and sales managers with current information about finance and lease programs continually.
• Trains the sales staff regarding the benefits of financing, insurance and extended service programs.
• Works with sales managers and Client Advisors to secure a reasonable profit from every sale.
• Required to perform other duties as requested, directed, and assigned

EDUCATION and EXPERIENCE

• High school diploma or general education degree (GED) required; and three or more years of related experience and/or training; or equivalent combination of education and experience

Murgado Automotive Group is an equal opportunity employer. Murgado Automotive Group does not discriminate in employment on account of race/ethnicity, color, religion, national origin, gender, sexual orientation/transgender status, age disability, martial/parental status, citizenship status, military status, political affiliation and/or beliefs, pregnancy, order of protection status or other non-merit status.

We are an employer who participates in the E-verify program with the Department of Homeland and Security.