Finance Manager - BMW of Monrovia

Summary The Finance Manager ensures that the dealership meets its unit sales quotas and 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. Duties and Responsibilities 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 items 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 sales income, verify insurance with customers or agents, obtain deposits, and verify trade payoffs Must follow all company safety policies and procedures, and immediately report any and all accidents to a manager or supervisor Qualifications 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 Must be authorized to work in the USA Must perform duties and responsibilities in a safe manner Must demonstrate ability to pass pre‑employment testing, including background checks, MVR, drug test, credit report, and valid driver license Compensation (The Finance Manager Position has a Pay Scale consisting of the following elements and ranges. Wages include Base Hourly Compensation of $17.00 / hour plus commission. 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 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.) All your information will be kept confidential according to EEO guidelines. $125,000 – $125,000 per year #J-18808-Ljbffr Sonic Automotive