Finance and Insurance Manager at Commonwealth Motors Lawrence, MA

Commonwealth Motors; Lawrence (MA); On-site; USD 65,000 - 150,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Career advancement opportunities

Job summary

Commonwealth Motors in Lawrence, MA is seeking a Finance and Insurance Manager to secure financing and insurance options for customers and drive revenue growth. This role emphasizes building strong lender relationships and ensuring regulatory compliance throughout the process.

As a full-time position with base salary plus commission, the candidate will contribute to sales targets, provide expert guidance on products, and maintain high customer satisfaction.

Qualifications

• Bachelor's degree in Business, Finance, or a related field is preferred.
• 3–5 years automotive finance/insurance experience with sales success.
• Strong negotiation, communication, and regulatory compliance skills.

Responsibilities

• Work closely with the sales team and customers to secure financing and insurance options for vehicle purchases.
• Build and maintain relationships with lending institutions to continuously improve financing options for customers.
• Educate customers on various insurance products and guide them towards the best options for their needs.
• Provide recommendations and advice to customers on financing and insurance decisions.
• Accurately complete all necessary paperwork, ensuring compliance with all regulatory requirements.
• Communicate with customers throughout the sales process, providing updates and answering any questions or concerns.
• Meet and exceed sales goals and targets, contributing to the overall success of the dealership.
• Maintain a high level of customer satisfaction by following up with customers after the purchase to address any issues or concerns.
• Keep abreast of industry trends and changes in financing and insurance regulations to continuously improve processes and procedures.
• Participate in training and development opportunities to enhance knowledge and skills.

Skills

Negotiation

Customer service

Communication

Attention to detail

Regulatory compliance

Microsoft Office

CDK experience

Education

Bachelor's degree in Business, Finance, or related field

Tools

CDK

Microsoft Office

Job description

Finance and Insurance Manager job at Commonwealth Motors. Lawrence, MA.

Job Summary: The Finance and Insurance Manager at Commonwealth Motors is a key member of our sales team responsible for providing exceptional customer service and securing financing and insurance options for our customers. This individual will play a critical role in driving sales and revenue growth by developing strong relationships with customers and lenders, while ensuring compliance with all regulatory requirements. The ideal candidate will have prior experience in the automotive industry and a strong track record of exceeding sales targets. Compensation & Benefits: As a Full Time - base plus commission sales job, this role offers a competitive compensation package of $65,000 to $150,000 per year, based on previous experience and performance. In addition, we offer full benefits including health insurance, retirement savings plan, and opportunities for career advancement within our organization. Responsibilities:

• Work closely with the sales team and customers to secure financing and insurance options for vehicle purchases
• Build and maintain relationships with lending institutions to continuously improve financing options for customers
• Educate customers on various insurance products and guide them towards the best options for their needs
• Provide recommendations and advice to customers on financing and insurance decisions
• Accurately complete all necessary paperwork, ensuring compliance with all regulatory requirements
• Communicate with customers throughout the sales process, providing updates and answering any questions or concerns
• Meet and exceed sales goals and targets, contributing to the overall success of the dealership
• Maintain a high level of customer satisfaction by following up with customers after the purchase to address any issues or concerns
• Keep abreast of industry trends and changes in financing and insurance regulations to continuously improve processes and procedures
• Participate in training and development opportunities to enhance knowledge and skills

Requirements:

• Bachelor's degree in Business, Finance, or a related field preferred
• Minimum of 3-5 years of experience in automotive finance and insurance, with a track record of success in sales
• Strong negotiation and customer service skills
• Knowledge of financing and insurance products and services
• Excellent communication and interpersonal skills
• Detail-oriented with the ability to accurately complete paperwork and maintain compliance
• Proficient in Microsoft Office and other relevant software
• Ability to work in a fast-paced environment and adapt to changing priorities
• Must be able to work a flexible schedule, including evenings and weekends
• CDK experience a PLUS

EEOC Statement: Commonwealth Motors is an equal opportunity employer and is committed to creating a diverse work environment. We recognize and value the benefits of diversity in our workforce and welcome all qualified individuals to apply. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, or any other legally protected status.