BMW Finance Manager

The Finance Manager assists new and used car buyers with their financing and protection needs. F&I Managers work with our financial lenders to acquire approvals and funding for customers. The Finance Manager will execute all necessary loan and titling documents for customers. Finance Manager will provide excellent customer service while created the best ownership experience possible for our clients. F&I managers are expected to uphold the highest ethical standards and follow the Federal Safeguard and Red Flag rules and standards.

Salary: $80000.00 - $120000.00 per year

Benefits

Annual Base Salary + Commission + Bonus Opportunities

Paid Time Off (PTO)

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Hands on Training

Tuition Reimbursement

Career Growth Opportunities

Retirement Plan

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.
• Structures deals in accordance with lender and dealership guidelines.
• 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.

Requirements

Skills & Qualifications

• High school diploma or equivalent.
• Ability to understand and use written, electronic and verbal communications.
• Valid in-state Drivers License.
• Professional personal appearance.
• Excellent communication, organization, computer and math skills.
• Bilingual is a plus

In order to be successful in this position, the individual must be able to perform each job responsibility satisfactorily, have a valid drivers license and acceptable driving record, complete background screening, and provide all government I-9 requirements. A combination of education, experience, and training is always considered.