Automotive Finance Manager

Burnham Nationwide, Inc.; Watertown (CT); On-site; USD 70,000 - 100,000; Full time

Job summary

A growing dealership in Watertown, Connecticut is seeking an Automotive Finance Manager to oversee customer financing and insurance processes. The role requires managing loans, ensuring compliance, and working closely with the sales team to improve profitability and efficiency. Candidates should have a high school diploma, relevant experience, and strong communication skills.

Benefits

Health, dental, and vision insurance

Paid time off and holiday pay

401(k) retirement plan

Career growth opportunities

Qualifications

• 2-3 years of experience as an Automotive Finance Manager in a dealership.
• Knowledge of state and federal regulations pertaining to automotive financing.
• Strong negotiation and persuasion skills.

Responsibilities

• Manage automotive financing processes including credit reports and loan applications.
• Coordinate with lenders and maintain accurate finance transaction records.
• Train sales team on financing and insurance best practices.

Skills

Communication

Negotiation

Interpersonal Skills

Education

High School Diploma

Bachelor's Degree in Business

Tools

Microsoft Office

Dealership Software Systems

Job description

Job Summary:

Blasius Kia, a reputable and growing dealership in Watertown, Connecticut, is seeking a highly motivated and experienced Automotive Finance Manager to join our team. As a Finance Manager, you will be responsible for overseeing and managing all aspects of automotive financing and insurance for our customers. You will work closely with our sales team to ensure a smooth and efficient process for our customers while also increasing sales and profitability for the dealership.

Compensation & Benefits:

- Competitive financial package
- Health, dental, and vision insurance
- Paid time off and holiday pay
- 401(k) retirement plan
- Career growth opportunities within our growing dealership

Responsibilities:

- Manage all aspects of automotive financing for customers, including but not limited to, obtaining credit reports, analyzing credit applications, and submitting loan applications to lenders.
- Work closely with sales team to identify and secure financing options for customers in a timely and efficient manner.
- Educate customers on available financing and insurance options, as well as any additional products and services offered by the dealership.
- Coordinate with lenders and finance companies to obtain approval for financing and finalize terms and conditions.
- Maintain accurate and up-to-date records of all finance transactions and submit necessary paperwork to appropriate parties.
- Ensure compliance with all state and federal regulations regarding automotive financing.
- Monitor and analyze reports to identify potential areas for improvement and implement strategies to increase profitability.
- Oversee and manage all insurance sales and processes, including extended warranties and service contracts.
- Train and mentor sales team on best practices for financing and insurance sales.
- Conduct regular training sessions to keep sales team updated on new financing programs and techniques.
- Handle any customer concerns or issues regarding financing or insurance.

Requirements:

- High school diploma or equivalent; Bachelor's degree in business or related field preferred.
- Minimum of 2-3 years of experience as an Automotive Finance Manager in a dealership setting.
- Knowledge of state and federal regulations and laws related to automotive financing and insurance.
- Strong communication and interpersonal skills.
- Excellent negotiation and persuasion skills.
- Ability to work in a fast-paced, high-pressure environment.
- Proficiency in Microsoft Office and dealership software systems.
- Valid driver's license and clean driving record.

EEOC Statement:

Blasius Kia is an equal opportunity employer and does not discriminate against any employee or applicant for employment based on race, color, religion, national origin, age, gender, sex, ancestry, citizenship status, mental or physical disability, genetic information, sexual orientation, veteran status, or military status. We are committed to providing a work environment free of harassment, discrimination, and retaliation.