Automotive Finance Manager

at Auto Job Experts in Skokie, Illinois, United States

Job Description

An automotive finance manager is responsible for overseeing the financing process for vehicle sales at a dealership. They work closely with customers to understand their financial needs, present financing options, and help secure loans through banks and credit unions. The finance manager also prepares necessary documentation, ensures compliance with legal regulations, and manages relationships with financial institutions. 

An automotive finance manager oversees the financing process for vehicle sales at a dealership. Key responsibilities include:

1. Customer Consultation: Engaging with customers to understand their financial needs and preferences.

2. Financing Options: Presenting and explaining various financing options, including loans and lease agreements.

3. Loan Processing: Working with banks and credit unions to secure financing for customers, ensuring competitive rates and terms.

4. Documentation Management: Preparing and reviewing all necessary paperwork, including credit applications and contracts, to ensure accuracy and compliance with legal regulations.

5. Compliance: Staying updated on industry regulations and ensuring the dealership adheres to all compliance requirements.

6. Relationship Management: Maintaining strong relationships with financial institutions to negotiate favorable terms and streamline the financing process.

7. Training: Educating sales staff about financing products and procedures to enhance customer service.

8. Reporting: Analyzing finance-related reports and metrics to monitor performance and identify opportunities for improvement.

9. Customer Support: Providing ongoing support to customers post-sale, addressing any financing-related questions or concerns.

Strong communication, analytical skills, and attention to detail are essential for success in this role