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Lum's Auto Center · 1 day ago

Finance Manager

Lums GMC - MCMINNVILLE, OR 97128

Full-time

Onsite

Entry, Mid Level

$10K/yr - $16K/yr

2+ years exp

Lum's Auto Center is seeking a Finance Manager to oversee the sale process and ensure every vehicle sold is delivered. The role involves managing financing arrangements, establishing lender relations, and generating additional income through various dealership products and services.

AutomotiveFinancial ServicesLocal Business

Responsibilities

Protects gross profit by arranging financing so outside sources do not have an impact on selling margins

Establishes lender relations that tie the customer closer to the dealership

Generates additional income through the sales of vehicle service contracts, GAP coverage, maintenance plans, and other dealership offered products and services

Maintains control of all paperwork until it is ready to be turned into the general office

Responsible for all paperwork involved with the sale of the vehicle, including obtaining customer signatures and securing payoff and insurance information

Converts cash deals to finance

Establishes and maintains good working relationships with several finance sources, including the manufacturer

Processes finance and lease deals accurately and fairly through financial sources to secure approval

Conducts business in an ethical and professional manner

Processes all federal, state and dealer paperwork related to vehicle transaction

Understands and complies with federal, state and local regulations that affect the new- and used-vehicle and finance departments

Completes paperwork necessary for vehicle sales and leases in a timely and efficient manner

Checks all paperwork for correct title, lien information, taxes etc., before forwarding to accounting

Provides customers with complete explanation of manufacturer and dealership service procedures and policies

Manages the alternative finance source program to ensure that several sources are available

Sets up and maintains a program that will ensure 100 percent turnover to the F& I department

Provides sales force and sales managers with current information about finance and lease programs continually

Trains the sales staff regarding the benefits of financing, insurance and extended service programs

Works with sales managers to secure a reasonable profit from every sale

Coordinates finance forecasting with sales department forecasting to achieve desired levels of penetration and income

Ensures collection of all finance and insurance fees

Takes all credit applications

Prepares reports on finance penetration

Attends finance meetings

Handles all rate quotations

Develops and monitors guidelines for working with customers to ensure maximum customer satisfaction

Maintains an adequate and current supply of all required contracts and paperwork needed for completion and finalization of car deals

Maintains a professional appearance

Maintains a clean and professional work environment

Other tasks as assigned

Qualification

Finance managementLender relationsCredit report analysisMathematical skillsCommunication skillsNotaryValid Driver’s License

Required

Bachelor's degree (B.A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience

Two to four years related experience and/or training; or equivalent combination of education and experience

Ability to write reports, business correspondence and procedure manuals

Ability to effectively present information and respond to questions from groups of managers, clients, customers and the general public

Ability to read, analyze and interpret credit reports, financial reports and legal documents

Ability to respond to common inquiries or complaints from customers, regulatory agencies or members of the business community

Ability to effectively present information to top management

Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals

Ability to compute rate, ratio and percent

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists

Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form

Ability to define problems, collect data, establish facts and draw valid conclusions

Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables

Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems

Ability to deal with nonverbal symbolism (formulas, scientific equations, graphs etc.) in its most difficult phases

Ability to deal with a variety of abstract and concrete variables

Valid Driver's License