Finance Manager - W.I. Simonson

Sonic Automotive, Inc.; Santa Monica (CA); On-site; USD 100,000 - 180,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

HSA

401k

Paid time off

Personal Automotive Concierge Service

Job summary

Sonic Automotive, Inc. in Santa Monica, CA is seeking a Finance Manager to drive dealership financing and insurance sales and meet daily, monthly, and yearly targets.

The role includes producing revenue through finance products, maintaining lender relationships, and guiding sales staff. Competitive benefits and a performance-based compensation structure are offered.

Qualifications

• High school diploma or equivalent.
• Degree or commensurate experience in finance.
• Knowledge of dealership finance and insurance procedures.
• Authorized to work in the USA.

Responsibilities

• Make monthly projections of vehicle requirements for the next 90 days.
• Forecast monthly and yearly sales, gross profit, and department profits.
• Sell financing and other finance/insurance products to customers.
• Sell Extended Warranties and aftermarket items.
• Establish relationships with finance sources; submit paperwork for approvals.
• Meet with salespeople daily to review results and plans.
• Conduct sales meetings and assist pre-delivery with Service.
• Provide on-the-job training for sales staff; handle rate quotations.
• Verify title, lien, taxes; meet monthly objectives.

Skills

Sales experience

Finance knowledge

Dealership finance & insurance

Computer literacy

Education

High school diploma or equivalent

Finance degree or commensurate experience

Tools

Computer literacy

Job description

Finance Manager - W.I. Simonson in Santa Monica, CA at Sonic Automotive

Job Type: Sales

Experience: Mid-Senior Level

About

W.I. Simonson 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.

Our associates are happy to work here because:

• 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.

If you want to find out more about the types of jobs we have here, we've highlighted a few.

We're proud of what we're doing here. Come and join us!

Annual Pay Range:

$100,000 - $180,000 a year

Job Description

The Finance 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 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

Salary: $18.00 / hour with $4,000 monthly advance /plus commission opportunity to earn $100,000 - $180,000 a year

(The Finance Manager Position has a Pay Scale consisting of the following elements and ranges. Wages include Base Hourly Compensation of $18.00 an hour. 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.)

• 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.