Finance Manager - BMW of Denver Downtown

Sonic Automotive

$150K — $300K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of experience as a Finance Manager in an automotive dealership
  • Strong understanding of financing options and insurance products
  • Excellent communication and negotiation skills
  • Detail-oriented with a focus on accuracy and compliance
  • Ability to thrive in a fast-paced, multi-tasking environment
  • Valid driver's license and clean driving record
  • Authorized to work in the USA.

Responsibilities

  • Project monthly vehicle requirements for a 90-day sales period
  • Determine monthly and yearly sales forecasts and profit objectives
  • Sell finance and insurance products to customers
  • Promote extended warranties and aftermarket items
  • Build relationships with various finance sources
  • Submit and secure approval for all finance deals
  • Review daily sales performance with sales staff
  • Conduct sales meetings and coordinate with the Service Manager
  • Handle rate quotations and check paperwork for accuracy
  • Verify customer insurance and manage deposits and trade payoffs.

Benefits

  • Sundays off for work-life balance
  • Opportunity to work in a dynamic and sales-driven environment
  • Potential for high earning through draw plus commission structure
  • Chance to develop and maintain professional relationships with finance sources
  • Engagement in a role that directly influences dealership success.
Full Job Description
Job Description

Summary:

The Finance Manager ensure 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 and facilitate pre-delivery with the Service Manager
  • Handle all rate quotations
  • Check all paperwork for correct title, lien information, taxes, etc.
  • The F&I Manager has a responsibility to log in sales income.
  • Verify insurance with customers agents, obtain deposits, verify trade payoff.


Qualifications

Preferred:
  • At least 3+ years of experience as a Finance Manager in an automotive dealership.
  • Strong knowledge of financing options, lending practices, and insurance products.
  • Excellent communication and negotiation skills.
  • Detail-oriented with a focus on accuracy and compliance.
  • Ability to work in a fast-paced environment and handle multiple transactions.

Required:
  • Valid driver's license and a clean driving record.
  • All applicants must be authorized to work in the USA.
  • All applicants must be able to demonstrate ability to pass pre-employment testing to include background checks, MVR, drug test, and valid driver license.


Additional Information

Compensation:
  • $200,000 to $300,000
  • Draw plus Commission
  • Meeting and exceeding sales and company goals

Schedule:
  • Full Time
  • Monday through Saturday availability
  • Sundays off

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