Established sub-prime automotive dealership in Philadelphia Area is seeking an experienced SPECIAL F & I Manager . The Special Finance and Insurance Manager has three areas of responsibility, working with customers, sales people and sales manager to deliver their vehicles, which includes preparing and signing all the necessary paperwork, arranging financing for all customers, particularly those with credit issues.
!!! Must Have Automotive Special Finance Experience !!!
Duties and responsibilities include, but are not limited to, the following:
- Understanding of the dealership financing procedures
- Ability to process paperwork and loan documentation for customers with credit issues, low credit scores, and credit concerns
- Communicate all problem deals to management immediately
- Address missing stipulations communicated from lender immediately
- Be knowledgeable of state regulations regarding finance and the fair credit reporting act
- Train and supervise sales staff
- Structure deals in accordance with lender and dealership guidelines
- Book-out deals accurately
- Perform credit interview, prepare credit application
- Verify accuracy of all material information on the credit application and submit to lender
- Maintain confidentiality of customer information
- Disclose financial information to customers
- Maintain good lender relations
- Maintain a lender guide of programs you are currently using and obtain a working knowledge of them
- Evaluate new lender programs
- Rehash deals with lenders to maximize profits
- Maintain current inventory log and make recommendations to management
- Help move old inventory
- Maintain a call-in log and contracts in transit log (funding package)
Requirements
- Automotive experience
- Finance management experience with special finance
- Knowledge of lenders and financing customers with low credit scores
- Ability to set and achieve sales goals
- Strong organizational and time management skills
- Ability to follow structured processes to ensure legal compliance while maintaining accuracy and attention to detail
- Ability to communicate professionally with customers, management and co-workers
Benefits:
We offer benefits and great pay plan in the industry with base salary commission and bonuses.
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Employee discount
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Application Question(s):
- Do you have 3 or more years of experience in Automotive Special Finance ?
Experience:
- Special Finance: 3 years (Required)
Work Location: In person
