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The Finance Manager is responsible for meeting unit sales quotas and gross profit objectives while generating additional revenue through the sale of finance and insurance products. They manage financial paperwork, maintain relationships with finance sources, and provide training to the sales team.
Candidates must have previous automotive F&I Manager experience and a high school diploma or equivalent. A degree in finance or commensurate experience is required, along with the ability to pass comprehensive pre-employment background and credit checks.
Beverly Hills BMW is a Sonic Automotive Dealership.
Sonic Automotive is a Fortune 500 company that is transforming the way people shop for, buy and service their vehicles. Our talented team work together to ensure we provide an experience unmatched by our competitors.
The Finance / Sales 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.
· 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
· Previous Automotive F&I Manager experience is required
· 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
(The Finance Manager Position has a Pay Scale consisting of the following elements and ranges. Wages include Base Hourly Compensation. The position may also pay commission compensation which is based on the value or amount of closed sales achieved from $0.00 (if no sales are made) without any upper limit other than sales performance. The position also may also pay a production bonus based on individual or team performance that may range from $0.00 (if baseline benchmarks are not met) without any fixed upper limit.)
Delivering an experience for our guests and our teammates that fulfills dreams, enriches lives and delivers happiness
Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is on a quest to become the most valuable diversified automotive retail and service brand in America. Our Company culture thrives on creating, innovating, and providing industry-leading guest experiences, driven by strategic investments in technology, teammates, and ideas that ultimately fulfill ownership dreams, enrich lives, and deliver happiness to our guests and teammates. As one of the largest automotive and powersports retailers in America, we are committed to delivering on this goal while pursuing expansive growth and taking progressive measures to be the leader in these categories. Our new platforms, programs, and people are set to drive the next generation of automotive and powersports guest experiences.
Offices: 4401 Colwick Road, Charlotte, North Carolina 28211, US
