Automotive Finance Manager Salary
The average salary for an Automotive Finance Manager is $64,558 per year. For the first five to ten years in this position, salary increases steeply, but any additional experience does not have a big effect on pay. The highest paying skills associated with this job are Sales Management and Financial Analysis.
Job Description for Automotive Finance Manager
Automotive finance managers, also sometimes called finance and insurance administrators, work at auto dealerships to help determine the appropriate financing option for customers. They must understand their organization's best practices and offers, as well as be knowledgeable about credit and financing procedures, title laws, and registration processes. These managers must ensure that all deals are compliant with local, state, and federal law. Other tasks performed by automotive finance managers might include conducting negotiations with customers, assisting the department manager with any necessary tasks, submitting financial arrangements to banks, and completing other tasks associated with the loan process.Read More...
Generally, automotive finance managers work full time in a car dealership or other car-sales setting. They typically work during their organization's hours of operation, but they may need to work alternative and/or additional hours depending on their company's needs. This job often has minimal physical requirements and takes place mainly in an office.
Automotive finance managers must have previous experience at an automotive dealership in a finance capacity. They must be proficient with basic computer programs, have excellent communication skills, and have strong interpersonal skills to work effectively with colleagues and customers.
Automotive Finance Manager Tasks
- Discuss customer financing needs and eligibility.
- Check customer credit scores.
- Review and adjust sales contracts.
- Preparing, finalizing and filing financial records and paperwork.
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Pay by Experience Level for Automotive Finance Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
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