Finance Manager - Acura of Hamilton

AutoCanada, Inc.

$70K — $120K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5 years' experience in the automotive industry
  • Strong understanding of sales, finance, and management principles
  • Established relationships with financial institutions
  • Proven performance record with sales goals
  • Exceptional oral, written, and listening skills
  • Strong judgment and decision-making abilities
  • Proficient in office software and understanding financial metrics

Responsibilities

  • Explain financing options to customers
  • Engage directly with lenders and financial institutions
  • Prepare required documentation for vehicle sales
  • Achieve sales targets for extended products and insurance
  • Maintain ethical standards and respect for customers
  • Stay updated on provincial finance regulations
  • Collaborate with teams across the dealership

Benefits

  • Competitive compensation and benefits package
  • Employee vehicle purchase and service plans
  • Employee and family assistance programs
  • Opportunities for professional development and career growth
Full Job Description
Join the ride!

Position: Finance Manager
Dealership: Acura of Hamilton
Location: Hamilton, ON
Classification: Full-Time, Onsite, **Immediate Vacancy**
Salary: Commissioned pay structure: Earning potential, $70,000-$120,000

Your area of focus.

A Financial Services Manager in a dealership environment oversees and manages the dealership's finance and insurance operations. They work closely with customers to offer financing options, ensure credit approvals, and assist in finalizing vehicle sales. The role involves creating and presenting financing packages, selling insurance products, and ensuring compliance with legal and regulatory standards. They also collaborate with sales teams to optimize the dealership's profitability by offering competitive finance terms and managing relationships with lenders. Strong customer service, organizational, and negotiation skills are essential in this role.

What drives your day-to-day?

  • Explain and demonstrate financial options to customers
  • Deal directly with lenders and financial institutes
  • Prepare and document any/all documentation for final delivery
  • Meet and excel set sales goals by selling extended products such as protection packages, extended warranties, life and accident/health insurance, and environmental protection packages
  • Adhere to a standard of professional ethics and be respectful to customers
  • Be knowledgeable of provincial regulations regarding finance and the fair credit reporting act
  • Interact with appropriate departments
  • Structure deals in accordance with lender and dealership guidelines
  • Book out deals accurately
  • Never misrepresent equipment
  • Perform credit interview, prepare credit application
  • Verify accuracy of all information on the credit application and submit to lender
  • Maintain confidentiality of customer information
  • Sell credit insurance and service contracts
  • Maintain good lender relations
  • Maintain a lender guide of programs currently in use and obtain a working knowledge of them
  • Analyze credit reports, be able to recognize a conventional deal and turn over accordingly
  • Maintain dead files for inactive deals
  • Overcome objections of prospective customers


What are the must-haves...

  • 3-5 years' experience in the Automotive business
  • Excellent understand of sales, finance and management
  • Experience and working relationship with financial institutions
  • Proven record for performance with set goals
  • Excellent Oral, Written & Listening skills
  • Judgment and Decision-Making Skills ability to consider the relative costs and benefits of potential actions and choose the appropriate path
  • Identify measures of performance and actions needed to improve or correct performance
  • Efficient knowledge of word processing software, spreadsheet software, e-mail software and use of the Internet
  • Ability to read, understand and calculate banking figures such as; discounts, interest rates, percentages and commission etc.
  • The prioritization skills necessary to use time effectively and set action plans to achieve business targets
  • Must be legally authorized to work in Canada


The Perks.

  • Competitive Compensation and Benefits Package
  • Employee Vehicle Purchase & Service Plans
  • Employee and Family Assistance Programs
  • Professional development and the opportunity to grow your career


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