Penske Automotive Group

Financial Services Manager

Penske Automotive Group • $98K — $280K *
Cerritos, CA 90703In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • High school diploma or equivalent preferred.
  • 2+ years of sales experience; automotive finance preferred.
  • Knowledge of basic mathematical concepts and vehicle leasing.
  • Familiarity with federal, state, and local automotive sales laws.
  • Strong communication and detail-oriented skills.

Responsibilities

  • Explain aftermarket products and extended service contracts to customers.
  • Process and submit financing paperwork promptly.
  • Build relationships with finance sources and manufacturers.
  • Verify insurance and manage trade payoffs efficiently.
  • Ensure accuracy of all transaction paperwork before submission.
  • Meet monthly sales and customer satisfaction goals.

Benefits

  • Paid time off
  • Health insurance
  • Dental insurance
  • Vision insurance
  • Life insurance
  • 401(k) plan
  • Additional unspecified benefits
Full Job Description
Summary:

The Financial Services Manager is responsible to sell new and pre-owned vehicle buyers financing and insurance programs.

Position is 100% on-site.

Essential Duties include the following; however, other duties and responsibilities may be assigned.
  • Provides guests with thorough explanation of aftermarket products and extended Service Contracts.
  • Provides guests with complete explanation of manufacturer and dealership service procedures and policies.
  • Submits paperwork to and obtains approval from finance sources on all finance deals in a timely manner.
  • Establishes and maintains good working relationships with several finance sources including manufacturer.
  • Verifies insurance and obtains payoffs on trades with open lines.
  • Process federal, state, and dealer paperwork related to vehicle transaction.
  • Checks all paperwork for correct residual, commission, buy rate, title, lien information, taxes and DMV paperwork before forwarding to the business office.
  • Follows through with contract discrepancies to ensure payment of loan.
  • Assist retail salesperson in collecting down payment and all monies associated with transaction.
  • Seeks new lending institutions to secure competitive interest rates and finance programs continually.
  • Meets monthly sales and guest satisfaction objectives set by management.
  • Performs other administrative duties, as assigned by management.
  • Assists in all other areas of the financial services department, as needed
  • Creates and maintains good relations with guests.
  • Maintains a professional appearance at all times.
  • Maintains high ethical standards in all actions.
  • Other duties and responsibilities may be assigned.

This position has a Pay Scale consisting of the following elements and ranges: Base Hourly Rate of $16.90 plus commission compensation which can range from $0.00 (if baseline benchmarks are not met) with no upper limit. The current earnings range for this position is $8,171 to $23,389 per month.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The individual should possess:
  • A high school diploma or equivalent, desired.
  • Minimum of two (2) years sales experience, automotive finance experience preferred.
  • Knowledge mathematical concepts (such as adding, subtracting, dividing, multiplying and percentages) and their application; vehicle leasing concepts; equity values and depreciation; and laws that govern retain automotive sales.
  • Ability to coordinate activities with other employees; read and comprehend instructions and information in the English language; learn and understand the federal, state, and local laws which govern retail auto sales; use good judgment in challenging situations; pay attention to detail; follow-up with guests and employees; work well with the public; communicate in a professional manner on the phone, internet and in person; use standard office equipment.

Reasonable accommodations may be made to enable individuals with disabilities to perform

the essential functions.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Individual will be required to:
  • Frequently required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.
  • Occasionally required to sit, climb, balance, stoop, kneel, crouch or crawl.
  • Frequently lift and move up to 10 pounds and occasionally lift and move objects up to 25 pounds.

The above job description is only intended as a summary of the position's responsibilities and does not include all duties that may be required to satisfactorily perform the job. I understand that the dealership has the right to revise the functions and duties of the job or to require that additional or different tasks be performed when circumstances change.

Supplemental pay
  • Commission pay
Benefits
  • Paid time off
  • Health insurance
  • Dental insurance
  • Vision insurance
  • Life insurance
  • 401(k)
  • Other

About Penske Automotive Group

Penske Automotive Group, Inc. is an automotive retailer. The Company is engaged in the sale of new and used motor vehicles and related products and services, including vehicle service, collision repair, and placement of finance and lease contracts, third-party insurance products and other aftermarket products. The Company operates dealerships under franchise agreements with a number of automotive manufacturers and distributors. The Company operates in two segments: Retail, consisting of its automotive retail operations and PAG Investments, consisting of its investments in non-automotive retail operations. The Retail reportable segment includes all automotive dealerships and all departments relevant to the operation of the dealerships and the retail automotive joint ventures. In March 2014, the Company acquired BMW of Greenwich located in Greenwich, Connecticut.

Penske Automotive Group Careers

Join the dynamic team at Penske Automotive Group, a leader in the automotive industry, and accelerate your career with a company known for innovation, leadership, and a commitment to diversity and professional growth.

Work You’ll Do

At Penske Automotive Group, we offer more than just job opportunities; we provide a platform for you to master your professional journey in the automotive sector. As part of our team, you will engage in work that pushes the boundaries of what's possible in automotive sales, service, and management. Our culture thrives on innovation and leadership, fostering an environment where you can grow through diverse experiences and robust training programs.

Lead Your Career Forward

Step into a role that places you at the intersection of industry expertise and digital innovation. Penske Automotive Group is not just hiring; we are building a future where our team members lead the market through transformative leadership and strategic networking. With positions ranging from entry-level to executive, your career path at Penske Automotive Group can be as vast as your ambitions.

Innovative Work Environment

Join a team of over 23,000 dedicated professionals globally, who are empowered to explore new ideas and push the limits of the automotive industry. Our commitment to innovation is evident in our approach to solutions and services that meet the evolving needs of our customers and the market.

Be Part of a Great Team

Working at Penske Automotive Group means being part of a unique culture where your skills are valued and your contributions are celebrated. Our team benefits from unparalleled capabilities, leadership development, and the opportunity to work on wide-ranging projects utilizing cutting-edge automotive technology.

Future-Proof Your Career

With Penske Automotive Group, your career is future-proofed with endless opportunities to advance. We support your growth with extensive training, development programs, and certifications that are recognized industry-wide. Whether you're looking for an internship, a full-time position, or leadership roles, you'll find that our commitment to career development sets us apart.

Explore Job Opportunities and Internships

Discover the various employment paths at Penske Automotive Group, from internships that offer real-world experience to full-time positions that challenge and reward. Our hiring process is designed to identify and nurture talent, focusing on matching your skills and interests with the right opportunities within our company.

Stay Connected

Join Our Team Search open positions that match your skills and interest. We look for passionate, curious, creative, and solution-driven team players ready to drive their careers forward.

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Penske Automotive Group—Driving Careers Forward

At Penske Automotive Group, we don’t just offer jobs; we offer careers that make a difference. Join us and be part of a team that is redefining the automotive landscape through innovation, diversity, and unwavering leadership.
Learn more about Penske Automotive Group
Size
25,000 employees
Market Cap
$7.9 billion
Industry
Manufacturing & Automotive
Net Income
$543.6 million
Founded
1990
5 Year Trend
+4.9%
Revenue
$20.4 billion
NASDAQ
PAG
* Ladders Estimates

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