Finance Manager at Wonder Dynamics

Mcminnville, Oregon, United States -

Full Time

Start Date

Immediate

Expiry Date

05 Apr, 26

Salary

16000.0

Posted On

05 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Finance, Customer Service, Communication, Problem Solving, Negotiating, Sales, Documentation, Ethics, Relationship Management, Regulatory Compliance, Mathematical Skills, Training, Forecasting, Attention to Detail, Time Management, Professionalism

Industry

Description

Job Details Job Location: Lums GMC - MCMINNVILLE, OR 97128 Position Type: Full Time Education Level: 4 Year Degree Salary Range: $10,000.00 - $16,000.00 Commission/month Travel Percentage: Negligible Job Shift: Day Job Category: Finance SUMMARY Controls the Sale: The F&I manager’s job is to secure each sale and ensure that every vehicle sold is delivered. ESSENTIAL DUTIES Protects gross profit by arranging financing so outside sources do not have an impact on selling margins. Establishes lender relations that tie the customer closer to the dealership. Generates additional income through the sales of vehicle service contracts, GAP coverage, maintenance plans, and other dealership offered products and services. Maintains control of all paperwork until it is ready to be turned into the general office. Responsible for all paperwork involved with the sale of the vehicle, including obtaining customer signatures and securing payoff and insurance information. Converts cash deals to finance. Establishes and maintains good working relationships with several finance sources, including the manufacturer. Processes finance and lease deals accurately and fairly through financial sources to secure approval. Conducts business in an ethical and professional manner. Processes all federal, state and dealer paperwork related to vehicle transaction. Understands and complies with federal, state and local regulations that affect the new- and used-vehicle and finance departments. Completes paperwork necessary for vehicle sales and leases in a timely and efficient manner. Checks all paperwork for correct title, lien information, taxes etc., before forwarding to accounting. Provides customers with complete explanation of manufacturer and dealership service procedures and policies. Manages the alternative finance source program to ensure that several sources are available. Sets up and maintains a program that will ensure 100 percent turnover to the F& I department. Provides sales force and sales managers with current information about finance and lease programs continually. Trains the sales staff regarding the benefits of financing, insurance and extended service programs. Works with sales managers to secure a reasonable profit from every sale. Coordinates finance forecasting with sales department forecasting to achieve desired levels of penetration and income. Ensures collection of all finance and insurance fees. Takes all credit applications. Prepares reports on finance penetration. Attends finance meetings. Handles all rate quotations. Develops and monitors guidelines for working with customers to ensure maximum customer satisfaction. Maintains an adequate and current supply of all required contracts and paperwork needed for completion and finalization of car deals. Maintains a professional appearance. Maintains a clean and professional work environment. Other tasks as assigned. Qualifications A successful F&I manager needs the product knowledge, professionalism, and empathy that customers look for today. Communication is extremely important in a business department as it contributes to team-building with sales and the General Office. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. EDUCATION and/or EXPERIENCE Bachelor's degree (B.A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience. Two to four years related experience and/or training; or equivalent combination of education and experience. LANGUAGE SKILLS Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers and the general public. Ability to read, analyze and interpret credit reports, financial reports and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies or members of the business community. Ability to effectively present information to top management. MATHEMATICAL SKILLS Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals. Ability to compute rate, ratio and percent. Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages. REASONING ABILITY Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form. Ability to define problems, collect data, establish facts and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables. Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems. Ability to deal with nonverbal symbolism (formulas, scientific equations, graphs etc.) in its most difficult phases. Ability to deal with a variety of abstract and concrete variables. CERTIFICATES, LICENSES, REGISTRATIONS Valid Driver’s License Notary (not mandatory, but preferred) PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Physical Demands: While performing the duties of this job, the employee is frequently required to sit, stand and walk; use hands to type; use telephone, and to talk and hear. Specific vision abilities required by this job include close vision and ability to adjust focus. Mental Demands: Continuous alertness to ensure accuracy; performance of basic numerical calculations including decimals; reading, writing, comprehend and analyzing; use of sound and mature judgment, reasoning, and patience; work on several tasks simultaneously and be well-organized in a fast paced environment. Frequent use of problem solving, negotiating and cross-selling of products and services. WORK ENVIRONMENT The noise level in the work environment is usually moderate. Works near moving mechanical parts and standard office equipment. Occasional exposure to common chemicals within the office and possible exposure to chemicals found in vehicles. Safety training is provided. Work Hours: This job is performed Sunday through Saturday during normal business hours. A schedule will be provided for the days required for each employee to work.

Responsibilities

The Finance Manager is responsible for securing vehicle sales and ensuring proper financing arrangements. They also maintain paperwork control and establish lender relations to protect dealership profits.