1685 W 4th Avenue, Vancouver, British Columbia, Canada
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Financial Services Manager
 Financial Services Manager

Financial Services Manager

Ideal Candidate:

Management/Business Skills Required:

  • Knowledge of applicable federal, provincial & local regulations/laws pertaining to the automotive industry
  • Ability to establish rapport, to collect information on customer needs, & to ensure customer enthusiasm
  • Ability to quickly but closely review sales contracts for accuracy
  • Ability to work with lenders and financial institutions to arrange customer financing
  • Management skills of organizing and planning, interpersonal sensitivity, and analysis
  • Thorough knowledge of bank and insurance terminology and processes
  • Knowledge of computer systems, including spreadsheets
  • Keyboarding skills (30-40 words per minute)
  • Calculator, adding machine, and other office machine skills
  • Full mathematical skills, including ability to calculate compound interest

Functions:

  • Customer Relations
  • Communication with External Sources
  • Sales/Marketing
  • Interdepartmental Relations
  • Profit Management
  • Leadership
  • Operations/Paperwork
  • Training of Sales Consultants in Financial Services Matters
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The Financial Services Manager:

  • Is much like the dealership "banker" and maintains a similar bearing and presence within the dealership and among the lenders he or she works with on a daily basis.
  • Is well-versed in financial services and accounting as well as in sales.
  • Must be capable of working independently, effectively managing his or her time and work flow.
  • Must be genuinely customer focused and must have strong interpersonal skills, easily establishing rapport with customers.
  • Must be accessible to the rest of the team.
  • Has as its central characteristic customer contact at an important moment in the process of a sale.
  • Entails finalizing contracts down to the point of signatures, while at the same time working to set up extended service contracts and insurance arrangements.
  • Requires spending considerable time on the phone with lenders.
  • Requires working closely with sales team members and in harmony with the respective styles of Sales Consultants.
  • Involves overseeing sales document presentation training by Financial Services Department members to dealership sales team members.
  • Requires effective interdepartmental communication and feedback with regard to sales.
  • Necessitates strong leadership skills.
  • Requires analytical skills, which are part of the planning process and part of the process of constantly monitoring the profits of the dealership, in pinpointing where improvement can be made in teams and procedures and in making action plans to provide correction based on the analyses.
  • Much customer contact
  • Work with high-dollar amounts
  • Much analytical work
  • Much paperwork
  • Work with various types of computer equipment
  • Much contact with people in all dealership departments
  • Long hours

The Financial Services Manager:

  • Works closely with the sales team and with accounting team members and is familiar with the procedures in both of these departments.
  • Is responsible for staying current with regard to financial services offerings and alternatives.
  • Works with the customer to arrange for financing and to finalize purchases, presenting to him or her extended service contracts and other owner protection programs during completion of the sales contract.
  • Reviews customers’ credit applications for complete information and accuracy, matches customers to suitable financial sources, and follows up with customers and lending institutions.
  • Is responsible for knowledge and enforcement of the legal ramifications that impact this department.
  • Works with other managers in planning, forecasting trends, and reviewing and revising plans for the dealership on an ongoing basis.
  • Establishes and maintains a strong work relationship with lenders and financial institutions and works to understand their lending procedures.
  • Maintains a log of all sales that includes what proportion of each sales was made up of financial services products, and keeps sales team members informed.
  • Develops incentive programs for sales team members in order to promote financial services products.
  • Leads his or her team members and ensures that they are trained and up-to-date on company policies.
  • Analysis & Problem Solving
  • Customer Enthusiasm
  • Decisiveness
  • Delegating & Empowering
  • Initiative
  • Judgement
  • Motivation & Coaching
  • Organizing & Planning
  • Strategic Leadership
  • Team Building
  • Versatility
  • Communication
  • Dealer
  • General Manager

Interested to Learn More?

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