Finance Manager

Albuquerque, NM

Job Title:  F&I Manager

Department:  Finance

Reports to:  F&I Director

FLSA Status: Exempt

 

Position Summary

Directs the general supervision of the F&I Director structures car deals for clients with average to above credit, in compliance with finance lender guidelines and auto dealership policy, resulting in quick funding, and a high level of customer satisfaction. Additional duties may be assigned based on the needs of the company.

 

Essential Duties and Responsibilities:

  • Knows and implements dealership policies and procedures.
  • Maintains a clean and organized office.
  • Communicates all problem deals to management immediately.
  • Addresses missing stipulations communicated from lender immediately.
  • Adheres to a standard of professional ethics and is respectful to customers.
  • Knowledgeable in state regulations regarding finance and the Fair Credit Reporting Act.
  • Interacts with appropriate departments.
  • Train and supervises sales staff of any changes in regulations and the Fair Credit Reporting Act.
  • Structures deals in accordance with lender and dealership guidelines.
  • Never intentionally misrepresents a deal.
  • Books out deals accurately. Never misrepresents equipment.
  • Performs credit interview, prepares credit application.
  • Verifies accuracy of all material information on the credit application and submits to lender.
  • Maintains confidentiality of customer information.
  • Discloses financial information to customers.
  • Sells credit insurance and service contracts.
  • Maintains good lender relations.
  • Maintains a lender guide of programs currently used and obtains a working knowledge of them.
  • Evaluates new lender programs.
  • Goes over deals with lenders. Works all deals diligently.
  • Maintains a call-in log and contracts in transit log (funding package).
  • Reviews funding packages prior to mailing.
  • Analyzes credit reports, able to recognize a conventional deal and turns over accordingly.
  • Properly cost special finance deals (prepares profit sheets).
  • Receipts deposits immediately.
  • Maintain a cooperative manner with other employees
  • Any other duties as assigned by management


Supervisory Responsibilities:

This position has no supervisor responsibilities

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This is a safety sensitive position that may require driving for company business, so the individual must be insurable through the MVD.

Education and Experience:

Bachelor’s degree from an accredited college or university or an equivalent combination of education and experience is required; 2 years previous related experience is required.  A current valid NM Driver’s License and a clean driving record is required.

Physical Demands:

While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle, or feel and use a computer.  The employee frequently is required to talk, hear and reach with hands and arms.  The employee must occasionally lift and/or move up to 10 pounds.  Specific vision abilities required by this job include close vision and the ability to adjust focus.

Work Environment:

This position primarily works in an office setting indoors.