Finance Manager - Lute Riley Honda

Sonic Automotive

$100K — $250K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • High school diploma or equivalent required
  • Degree or experience in finance necessary
  • In-depth knowledge of dealership finance and insurance procedures
  • Proven professional sales experience is essential
  • Familiarity with computer software preferred
  • Strong communication skills required
  • Ability to work safely and follow safety protocols

Responsibilities

  • Make monthly vehicle requirement projections for sales departments
  • Determine forecasts for unit sales and gross profit objectives
  • Engage customers in selling finance and insurance products
  • Facilitate sales of extended warranties and other aftermarket items
  • Build relationships with various finance sources
  • Handle all financing paperwork and obtain necessary approvals
  • Conduct daily meetings with sales staff to review performance

Benefits

  • Comprehensive training provided
  • Competitive compensation package
  • Opportunities for internal advancement
  • Team-based work environment
  • Supportive company culture promoting career growth
Full Job Description
Annual Salary Range:

$100k-$250k depending on performance

Job Description

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
  • Facilitate pre-delivery with the Service Manager
  • Provide on the job training for salespeople
  • Handle all rate quotations
  • Check all paperwork for correct title, lien information, taxes, etc. Establish and meet monthly objectives
  • The F&I Manager has a responsibility to log in sales income. Verify insurance with customers agents, obtain deposits, verify trade payoffs
  • Must follow all company safety policies and procedures, and immediately report any and all accidents to a manager or supervisor


Qualifications
  • High school diploma or the equivalent
  • Ability to read and comprehend instructions and information
  • Degree or commensurate experience in finance
  • Knowledge of dealership finance and insurance procedures
  • Previous professional sales experience
  • Computer knowledge preferred
  • Professional personal appearance
  • Excellent communication skills
  • All applicants must be authorized to work in the USA
  • All applicants must perform duties and responsibilities in a safe manner
  • All applicants must be able to demonstrate ability to pass pre-employment testing to include background checks, MVR, drug test, credit report, and valid driver license


Additional Information

It's time to make the most important move of your careerFrom our cooperative, team-based approach, to our more than 1,000 internal advancements each year, it's easy to see the difference. When you join our organization, you'll enjoy comprehensive training, competitive compensation, and unparalleled benefits. Simply put, you'll experience the best that a career in the automotive industry has to offer.

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