Bachelor's degree in business or finance, or two years of automotive finance experience.
Minimum two years as a dealership finance and insurance (F&I) manager or in sales.
Familiarity with loan structuring and dealership financial operations.
Strong understanding of automotive financing and lending practices.
Excellent communication and negotiation skills.
Responsibilities
Review and analyze customers' credit scores and financial situations.
Collaborate with customers to identify their automotive financing needs.
Negotiate and finalize sales agreements with customers and lenders.
Process financing and leasing transactions accurately, securing necessary approvals.
Offer vehicle financing and protection products, explaining aftermarket options.
Develop and maintain relationships with banks and lending institutions.
Ensure compliance with privacy laws and relevant regulations.
Benefits
Comprehensive health insurance options.
Retirement savings plans with employer contributions.
Paid time off and holiday leave.
Employee discounts on vehicle purchases and services.
Full Job Description
Job Type
Full-time
Description
An Automotive Finance Manager plays a crucial role in the automotive industry. Here are the key duties and responsibilities for this position:
Understanding Customer Finances:
Reviewing and comprehending customers' credit scores and financial situations.
Collaborating with customers to understand their automotive financing needs and options.
Negotiating and Finalizing Deals:
Negotiating and finalizing sales with customers and lenders.
Ensuring accurate processing of financing and leasing transactions, securing approvals from financial sources and banks.
Providing Expertise:
Offering vehicle financing and protection products to customers, explaining aftermarket products and vehicle service agreements.
Developing and maintaining relationships with banking, lending, and finance institutions.
Compliance and Regulations:
Ensuring compliance with privacy laws, company policies, and federal, state, and local regulations.
Staying informed about regulations affecting new and used vehicles and finance departments.
Requirements
To become an Automotive Finance Manager, you'll need a combination of skills, education, and experience. Here are the key requirements:
Education:
Bachelor's degree with a focus on business and finance or two years new car dealer automotive finance experience.
Experience:
Dealership Experience: At least two years of experience as a dealership finance and insurance (F&I) manager or in sales.
Understanding of Lending and Financing Processes: Familiarity with loan structuring, lending institutions, and dealership financial operations.
Skills and Qualifications:
Financial Acumen: Ability to navigate lending institutions and understand loan processes.
Automotive Industry Knowledge: Understanding of automotive financing, lending practices, and regulatory compliance.
Strong Communication and Negotiation Skills.
Salary Description
$108,000 - 240,000/ yr
About Toyota
Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. The company was founded in 1937 by Kiichiro Toyoda and has since grown to become the world's largest automotive manufacturer. Toyota Motor Corporation produces a wide range of vehicles including cars, trucks, and buses. The company is committed to sustainability and has set a goal of achieving zero carbon emissions by 2050. Toyota Motor Corporation has operations in over 170 countries and regions around the world.
