Finance Manager - Beverly Hills BMW

Sonic Automotive, Inc.; Los Angeles (CA); On-site; USD 100,000 - 300,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

HSA

401k

PTO

Job summary

Sonic Automotive, Inc. Beverly Hills BMW in Los Angeles, CA is seeking an experienced Finance / F&I Manager to drive sales finance and insurance profitability. The role focuses on meeting quotas and consistently improving gross objectives through effective product penetration and dealer relations.

The position requires prior automotive F&I managerial experience, a finance background, and strong selling skills. Competitive benefits and internal career progression are offered.

Qualifications

• Previous automotive F&I Manager experience required.
• High school diploma or the equivalent.
• Degree or commensurate experience in finance.
• Knowledge of dealership finance and insurance procedures.
• Professional sales experience.

Responsibilities

• Make a monthly projection of vehicle requirements for the next 90 days.
• Forecast unit sales, gross profit objectives, and departmental profits.
• Sell financing and other F&I products to customers.
• Sell Extended Warranties and aftermarket items.
• Establish relationships with finance sources and obtain approvals.
• Review daily results with sales staff and plan actions.
• Lead sales meetings and coordinate with Service for pre-delivery.

Skills

F&I Manager experience

Sales communications

Finance knowledge

Education

High school diploma or equivalent

Finance degree or commensurate experience

Job description

Finance Manager - Beverly Hills BMW in Los Angeles, CA at Sonic Automotive

Job Type: Sales

Experience: Mid-Senior Level

About

Beverly Hills BMW is a Sonic Automotive Dealership.

Sonic Automotive is a Fortune 500 company that is transforming the way people shop for, buy and service their vehicles. Our talented team work together to ensure we provide an experience unmatched by our competitors.

Hourly Rate: $19.00

Salary: Average is $100,000 - $300,000 / year (based on performance)

Previous Automotive F&I Manager experience is required

Benefits

• We boast the lowest turnover in the industry.
• We provide award winning training (Training Magazine Top 125, and Brandon Hall Awards).
• We are committed to developing and promoting within the company.
• We are technology based - most jobs use IPads or IPhones that we provide.
• Our benefits are extremely competitive with Medical, dental, vision, HSA, 401k and PTO.
• We encourage peer to peer teamwork and recognition.
• Special benefits to purchasing and leasing a car.
• Personal Automotive Concierge Service.

Job Description

The Finance / Sales Manager ensures 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 items
• 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

Qualifications

• Previous Automotive F&I Manager experience is required
• 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
• 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

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

(The Finance Manager Position has a Pay Scale consisting of the following elements and ranges. Wages include Base Hourly Compensation. 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.)