Finance Manager - Beverly Hills BMW

Momentum BMW; Los Angeles (CA); On-site; USD 36,000 - 60,000; Full time

Job summary

Momentum BMW is seeking a Finance Manager to help the dealership reach its sales quotas and gross objectives daily, monthly, and yearly. The role focuses on selling finance and insurance products to customers and achieving revenue through F&I offerings.

The position requires strong financial knowledge, prior sales experience, and excellent communication skills, with compliance to safety and employment eligibility in the USA.

Qualifications

• High school diploma or the equivalent.
• Degree or commensurate experience in finance.
• Knowledge of dealership finance and insurance procedures.
• Previous professional sales experience.
• Computer knowledge preferred.
• Professional personal appearance.
• Excellent communication skills.
• All applicants must be authorized to work in the USA.
• All applicants must perform duties and responsibilities in a safe manner.

Responsibilities

• Make a monthly projection of vehicle requirements by department for the next 90 days.
• Forecast monthly and yearly unit sales, gross profit objectives, and departmental profits.
• Sell financing and other F&I products to customers.
• Sell Extended Warranties and aftermarket items.
• Maintain relationships with finance sources and factories.
• Submit paperwork to finance sources and obtain approvals.

Job description

Job Description

The Finance Manager ensure that the dealership meets its unit sales quotas and its gross objectives on a daily, monthly, and yearly basis. They are also responsible for producing additional revenue for the dealership by selling finance and insurance products to customers.

Duties And Responsibilities

• Make a monthly projection of the vehicle requirements by department for the immediate 90-day sales period
• Determine monthly and yearly forecasts in terms of unit sales, gross profit objectives, and departmental profits
• Sell financing and other finance and insurance products to customers
• Sell Extended Warranties and all other aftermarket item
• Establish and maintain good working relationships with several finance sources, factory and otherwise
• Submit paperwork to and obtain approval from finance sources on all finance deals
• Meet with each salesperson as early as possible every day to review yesterday's results and today's plan of action
• Conduct sales meetings
• Facilitate pre-delivery with the Service Manager
• Provide on the job training for salespeople
• Handle all rate quotations
• Check all paperwork for correct title, lien information, taxes, etc. Establish and meet monthly objectives
• The F&I Manager has a responsibility to log in sales income. Verify insurance with customers agents, obtain deposits, verify trade payoffs
• Must follow all company safety policies and procedures, and immediately report any and all accidents to a manager or supervisor
• High school diploma or the equivalent
• Ability to read and comprehend instructions and information
• Degree or commensurate experience in finance
• Knowledge of dealership finance and insurance procedures
• Previous professional sales experience
• Computer knowledge preferred
• Professional personal appearance
• Excellent communication skills
• All applicants must be authorized to work in the USA
• All applicants must perform duties and responsibilities in a safe manner
• All applicants must be able to demonstrate ability to pass pre-employment testing to include background checks, MVR, drug test, credit report, and valid driver license

(The Finance Manager Position has a Pay Scale consisting of the following elements and ranges. Wages include Base Hourly Compensation of between $17.50 and $19.05. The position may also pay commission compensation which is based on the value or amount of closed sales achieved from $0.00 (if no sales are made) without any upper limit other than sales performance. The position also may also pay a production bonus based on individual or team performance that may range from $0.00 (if baseline benchmarks are not met) without any fixed upper limit.)

All your information will be kept confidential according to EEO guidelines.