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Penske Automotive Group, Inc

Finance Manager - Round Rock Toyota

Penske Automotive Group, Inc - Round Rock, TX

Finance Manager - Round Rock Toyota


Round Rock



The Finance Manager produces additional revenue for the dealership by selling finance and insurance programs and other appropriate after-sale items to new- and used-vehicle customers

Essential Functions

Sells financing and credit life, accident, and health insurance to customer

Provides customers with thorough explanation of aftermarket products and extended warranties

Provides customers with complete explanation of manufacturer and dealership service procedures and policies

Develops and monitors guidelines for working with customers to ensure maximum customer satisfaction

Converts cash deals to finance deals where appropriate

Establishes and maintains good working relationships with multiple finance sources, including the manufacturer

Processes finance and lease deals accurately, fairly and in accordance with local, state and federal statutes and company policies

Processes finance and lease deals accurately, fairly and in accordance with policy through multiple financial sources to secure approval.

Conducts business in an ethical and professional manner

Processes all federal, state, and dealer paperwork related to vehicle transaction.

Understands and complies with all federal, state, and local regulations that affect the new- and used-vehicle and finance departments

Completes paperwork necessary for vehicle sales and leases in a timely and efficient manner

Checks all paperwork for but not limited to correct title, lien information, taxes, consumer information before forwarding to accounting

Acquires and maintains current state insurance license, completing continuing credit insurance education

Seeks new lending institutions to secure competitive interest rates and finance programs continually.

Manages the alternative finance source program to ensure that several sources are available.

Seeks insurance companies for insurance paper

Maintains insurance files

Sets up and maintains a program which will ensure 100 percent turnover to the F&I department.

Provides sales force and sales managers with current information about finance and lease programs continually

Trains the sales 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 to achieve desired levels of penetration and income

Ensures collection of all finance and insurance fees

Takes all credit applications

Prepares reports on finance penetration

Works closely with general sales manager to establish sales department goals and objectives and ensures that they are achieved.

Handles all rate quotation.

Develops and monitors guidelines for working with customers to ensure maximum customer satisfaction.

Processes salespersons' end of month commission sheets for accounting office payroll.

Supervises and trains designated backup to ensure continued efficiency in the F&I manager's absence.

Maintains an adequate and current supply of all required contracts and paperwork needed for completion and finalization of car deals.

Ensures that the work areas and customer waiting area are kept clean

Follows all attendance and punctuality standards with adherences to timekeeping standards

Follows the Company Code of Business Ethics and Conduct

Understands and follow all work rules and procedures and follows lawful directions from Supervisors

Upholds the company's non-disclosure and confidentiality policies and agreements.

Maintains a professional appearance for self and subordinates in accordance with company policy

Attends pertinent training on request

Attends company meetings as required

Other duties as assigned

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice

AAP/EEO Statement

The Company is committed to hiring a diverse and qualified workforce. We will not consider any characteristic or category protected by state or federal law in hiring or employment decisions, including but not limited to race, national origin, color, religion, sex, sexual orientation, gender identity, disability, age, status as a parent, or genetic information.

Req Number: 3073

Type: Full-time

Dealership: Round Rock Toyota

Location Address: 2307 North Interstate 35

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11 days 20 hours ago

Penske Automotive Group, Inc


Finance Manager - Round Rock Toyota Penske Automotive Group, Inc - Round Rock, TX, United States


Location: Round Rock, TX

Company Profile:
Penske Automotive Group is the second largest publicly traded automotive retailer in the United States as measured by total revenue. As of June 30, 2010, we owned and operated 171 franchises in the United States and 152 internationally. Penske Automotive Group, Inc. operates as an automotive retailer. The company operates through two segments, Retail and Other. It sells new and used motor vehicles of approximately 35 brands. The company also offers vehicle maintenance and repair services; and is involved in the sale and placement of third-party finance and insurance products, third-party extended service and maintenance contracts, and replacement and aftermarket automotive products.