Finance & Insurance Manager

Bud Clary Auto • Auburn, WA

21h

About The Position

The Finance & Insurance Manager produces additional dealership revenue by selling finance and insurance programs and other appropriate after-sale items to new- and used-vehicle customers. The role explains aftermarket products and warranty coverage, converts cash deals to financing, processes finance and lease transactions, and works with finance sources to secure approvals. It also supports sales goals through training and collaboration with sales managers, while ensuring customer transactions and required paperwork are handled accurately, ethically, and in compliance with applicable regulations.

The manager maintains a current state insurance license and continuing credit insurance education as needed, oversees alternative finance sources, handles rate quotations, and ensures finance and insurance fees are collected. The position also processes sales commission sheets for payroll and supervises and trains a designated backup. The role is located in Auburn, Washington.

Requirements

• Current state insurance license; continuing credit insurance education as needed.
• Ability to comply with federal, state, and local regulations affecting vehicle sales and finance.
• Ability to process finance and lease transactions and related paperwork accurately.

Responsibilities

• Explain aftermarket products and extended warranties to customers.
• Convert cash deals to finance.
• Establish and maintain working relationships with finance sources, including the manufacturer.
• Process finance and lease deals accurately and fairly through financial sources to secure approval.
• Conduct business ethically and professionally.
• Process federal, state, and dealer paperwork related to vehicle transactions.
• Comply with federal, state, and local regulations affecting the new- and used-vehicle and finance departments.
• Complete vehicle sales and lease paperwork in a timely and efficient manner.
• Check paperwork for correct title, lien information, taxes, and other details before forwarding it to accounting.
• Maintain a current state insurance license and complete continuing credit insurance education as needed.
• Educate customers about manufacturer warranty coverage on new and used vehicles when applicable.
• Disclose documents associated with vehicle purchases, including finance or lease interest rates and loan terms.
• Manage the alternative finance source program to ensure several sources are available.
• Provide sales managers with current information about finance and lease programs.
• Train sales staff on financing, insurance, and extended service programs.
• Work with sales managers to secure a reasonable profit from every sale.
• Ensure collection of all finance and insurance fees.
• Take all credit applications.
• Work with sales managers to establish sales department goals and objectives and ensure they are achieved.
• Handle rate quotations.
• Process salespersons’ end-of-month commission sheets for the accounting office payroll.
• Supervise and train a designated backup to maintain efficiency and profitability during the manager’s absence.
• Maintain an adequate and current supply of contracts and paperwork required to complete and finalize car deals.
• Maintain a professional appearance and a clean, professional work environment.

Benefits

• Comprehensive benefits package including health, dental, vision, and life insurance, plus an employee assistance program.
• 401(k) retirement plan.
• PTO accrual beginning on the first day of employment, with accrual rates increasing based on years of service.
• Paid holidays.
• Employee discounts.
• Referral bonus program.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed