Mercedes-Benz of North Haven ยท 3 weeks ago
Finance Manager
North Haven, CT
Full-time
Onsite
Mid, Senior Level
$250K/yr - $500K/yrMercedes-Benz of North Haven is looking to hire a high performing Finance and Insurance Manager to join their winning environment and culture. The role involves securing sales, managing financing arrangements, and ensuring compliance while maximizing profit through various financial products.
Automotive
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 credit insurance, vehicle service contracts, GAP coverage and maintenance plans
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
Acquires and maintains current state insurance license, completing continuing credit insurance education as needed
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
Seeks insurance companies for insurance paper
Maintains insurance files
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 managers meetings
Partners with other F&I Managers to effectively lead and manager F&I Department
Works with Sales Staff on selling strategies during the initial sales process
Handles all rate quotations
Develops and monitors guidelines for working with customers to ensure maximum customer satisfaction
Supervises and trains designated backup to ensure continued efficiency and profitability in the F& I manager's absence
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
Required
High performing Finance and Insurance Manager experience
Ability to secure each sale and ensure vehicle delivery
Experience in developing comprehensive sales strategies for after sales products
Strong ethical standards and compliance knowledge
Ability to protect gross profit by arranging financing
Establish lender relations
Generate additional income through sales of credit insurance, vehicle service contracts, GAP coverage and maintenance plans
Maintain control of all paperwork until ready for general office
Responsible for all paperwork involved with vehicle sale
Convert cash deals to finance
Establish and maintain good working relationships with finance sources
Process finance and lease deals accurately
Conduct business in an ethical and professional manner
Process all federal, state and dealer paperwork related to vehicle transactions
Understand and comply with federal, state and local regulations
Complete paperwork for vehicle sales and leases in a timely manner
Check all paperwork for correct title, lien information, taxes, etc
Acquire and maintain current state insurance license
Provide customers with complete explanation of service procedures and policies
Manage alternative finance source program
Seek insurance companies for insurance paper
Maintain insurance files
Set up and maintain a program for 100 percent turnover to the F&I department
Provide sales force and sales managers with current finance and lease program information
Train sales staff on financing, insurance and extended service programs
Work with sales managers to secure profit from every sale
Coordinate finance forecasting with sales department forecasting
Ensure collection of all finance and insurance fees
Take all credit applications
Prepare reports on finance penetration
Attend managers meetings
Partner with other F&I Managers to lead and manage F&I Department
Work with Sales Staff on selling strategies
Handle all rate quotations
Develop and monitor guidelines for customer satisfaction
Supervise and train designated backup
Maintain an adequate supply of required contracts and paperwork
Maintain a professional appearance
Maintain a clean and professional work environment
Company
Mercedes-Benz of North Haven
When you unite superb luxury, innovative technology and first-class service, you will find Mercedes-Benz of North Haven.
Founded in 1991
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase