Description An Automotive Finance Manager plays a crucial role in the automotive industry. Here are the key duties and responsibilities for this position: • Understanding Customer Finances: • Reviewing and comprehending customers’ credit scores and financial situations. • Collaborating with customers to understand their automotive financing needs and options. • Negotiating and Finalizing Deals: • Negotiating and finalizing sales with customers and lenders. • Ensuring accurate processing of financing and leasing transactions, securing approvals from financial sources and banks. • Providing Expertise: • Offering vehicle financing and protection products to customers, explaining aftermarket products and vehicle service agreements. • Developing and maintaining relationships with banking, lending, and finance institutions. • Compliance and Regulations: • Ensuring compliance with privacy laws, company policies, and federal, state, and local regulations. • Staying informed about regulations affecting new and used vehicles and finance departments. Requirements To become an Automotive Finance Manager, you’ll need a combination of skills, education, and experience. Here are the key requirements: • Education: Bachelor's degree with a focus on business and finance or two years new car dealer automotive finance experience. • Experience: • Dealership Experience: At least two years of experience as a dealership finance and insurance (F&I) manager or in sales. • Understanding of Lending and Financing Processes: Familiarity with loan structuring, lending institutions, and dealership financial operations. • Skills and Qualifications: • Financial Acumen: Ability to navigate lending institutions and understand loan processes. • Automotive Industry Knowledge: Understanding of automotive financing, lending practices, and regulatory compliance. • Strong Communication and Negotiation Skills.