Automotive Finance Manager - Toyota

Description

Job Type: Full-time 

Location: Tacoma, WA

Reports To: General Sales Manager 

Salary: $200,000 - $300,000/annually 

Additional Compensation 

• 16% of backend gross profit 
• Up to 6% bonus of backend gross profit 
• Provided demo vehicle with clean driving abstract. 

The Ideal Candidate 

Larson Automotive Group is looking to hire a motivated, energetic Finance Manager to join our team and help take our dealerships to new heights. We have multiple high-volume dealerships with one of the most aggressive compensation plans you will find anywhere, the potential to make a career here is boundless! You will be responsible for producing additional revenue for the dealership by selling finance and insurance programs and other appropriate after-sale items to new and used vehicle customers. You will also coordinate all final documentation of vehicle purchases to obtain approval from lender. Our current team is a group of highly motivated and charismatic individuals, and we hope to have the chance to show you how great it is to work here at our store. 

The Larson Automotive Group is growing and changing every day, we hire individuals who we believe can make a difference and have a passion for their craft, we cannot wait to see what you can bring to our team!

Essential Duties and Responsibilities 

• Provides customers with thorough explanation of aftermarket products and extended warranties. 
• Converts cash deals to finance. 
• Establishes and maintains good working relationships with several finance sources including the manufacturer, as well as seeking new lending institutions. 
• Processes finance and lease deals accurately and fairly through financial sources to secure approval. 
• Closely monitor and mitigate chargebacks. 
• Processes all federal, state and dealer paperwork related to vehicle transaction. 
• Understand and complies with federal, state and local regulations that affect the new and used vehicle and finance department. 
• Checks all paperwork for correct title, lien information, taxes, etc., before forwarding to the Business Office. 
• Provides sales force and sales managers with current information about finance and lease programs continually. 
• Trains the 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. Prepares reports on finance penetration, as required. 
• Ensures collection of all finance and insurance fees. 
• Attends manager’s meetings. 
• Trains designated backup to ensure continued efficiency and profitability in the F&I manager’s absence. 
• Follow-up funding and collections of customer’s receivables in compliance with company standards. 
• Provides enthusiastic and professional leadership to shape employees' attitudes and build morale. Strive for harmony and teamwork with all departments. 
• Ensure customer’s complaints are handled tactfully, promptly resolving customer’s disputes and difficulties with professionalism and composure. Refer any problems to supervisor. 
• Other job duties as required. 

Larson Automotive Benefits

Larson Automotive Group offers a comprehensive group medical insurance plan to all hired full-time applicants that start the first of the month following the completion of continuous 60 of employment. We offer 4 plans to help employees access the best plan that fits their budget and needs. One plan is zero cost to the employee. We also have a company paid Life ($10,000) and AD&D plan ($40,000.00) that is for all benefit eligible employees. Employee must maintain no less than 32 hours per week to be considered ‘full-time’ for benefits. 

In addition to medical insurance, Larson Automotive Group also offers vision, dental and various other ancillary coverages such as additional Life, AD&D, LTD, STD, Accident, Hospital, and Pet insurance to name a few.

Larson Automotive Group also provides an Employee Assistance Program. This is a specialized referral program available to employees to assist in various personal situations. This includes counseling for substance abuse, financial difficulties, mental illness, family issues and more. These are all provided to the employee free of charge and confidential with a third party.

Larson Automotive Group also helps plan for your future with our retirement plan available to all employees over the age of 21. The 401k plan starts after the completion of 2 months of employment, the employee will be autom