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Finance Manager - Texoma Hyundai

Company Description

At Texoma Hyundai, a Sonic Automotive family dealership, you'll find the opportunities, resources, and support you need to grow and develop professionally.

Our 100+ dealerships are concerned with more than moving inventory; they're committed to your success and invested in your future. So read on, and consider a rewarding career with Sonic Automotive, Inc.

Sonic Automotive is a Fortune 500 company and one of the largest automotive retailers in the country with over 120 dealerships nationwide...

It's time to make the most important move of your career.  From our cooperative, team-based approach to our more than 1,000 internal advancements each year, it's easy to see the difference.

When you join our organization, you'll enjoy comprehensive training, competitive compensation, and unparalleled benefits. Simply put, you'll experience the best that a career in the automotive industry has to offer.

Job Description

Summary:

The Finance Manager ensure that the dealership meets its unit sales quotas and its gross objectives on a daily, monthly, and yearly basis.  They are also responsible for producing additional revenue for the dealership by selling finance and insurance products to customers.

Duties and Responsibilities:

  • Make a monthly projection of the vehicle requirements by department for the immediate 90-day sales period
  • Determine monthly and yearly forecasts in terms of unit sales, gross profit objectives, and departmental profits
  • Sell financing and other finance and insurance products to customers
  • Sell Extended Warranties and all other aftermarket item
  • Establish and maintain good working relationships with several finance sources, factory and otherwise
  • Submit paperwork to and obtain approval from finance sources on all finance deals
  • Meet with each salesperson as early as possible every day to review yesterday’s results and today’s plan of action
  • Conduct sales meetings and facilitate pre-delivery with the Service Manager
  • Handle all rate quotations
  • Check all paperwork for correct title, lien information, taxes, etc.
  • The F&I Manager has a responsibility to log in sales income.
  • Verify insurance with customers agents, obtain deposits, verify trade payoff.

Qualifications

  • Previous experience as a Finance and Insurance Manager in an automotive dealership.
  • Strong knowledge of financing options, lending practices, and insurance products.
  • Excellent communication and negotiation skills.
  • Detail-oriented with a focus on accuracy and compliance.
  • Ability to work in a fast-paced environment and handle multiple transactions.
  • High School Diploma or equivalent.
  • Valid driver's license and a clean driving record.
  • All applicants must be authorized to work in the USA.
  • All applicants must be able to demonstrate ability to pass pre-employment testing to include background checks, MVR, drug test, and valid driver license.

Additional Information

 

 

Full-Time

 

Benefits:

  • Medical, dental, vision insurance
  • 401k plan with company match
  • Paid Time Off accrual
  • Opportunities for career advancement within a Fortune 500 company

 

*All your information will be kept confidential according to EEO guidelines*

Average salary estimate

$70000 / YEARLY (est.)
min
max
$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Finance Manager - Texoma Hyundai, Sonic Automotive

At Texoma Hyundai, we’re not just selling cars—we're building careers! As a Finance Manager, you'll be at the heart of our operations, ensuring that our dealership meets its sales quotas while also nurturing strong relationships with customers and finance sources. You’ll manage everything from forecasting vehicle requirements to selling finance and insurance products, while also conducting vital sales meetings with our team each day. Your expertise in automotive finance will be invaluable as you navigate financing options and negotiate the best deals for our customers. We're a part of Sonic Automotive, a Fortune 500 company, which means you’ll have access to an extensive network of resources for growth and training. With over 100 dealerships nationwide, we believe in promoting from within, with over 1,000 internal opportunities for advancement each year! The environment here at Texoma Hyundai is team-oriented and supportive, where your success is truly our priority. Plus, you’ll enjoy competitive compensation and a robust benefits package that includes medical, dental, vision insurance, and a 401k plan with a company match. If you're ready to take the next step in your career and make an impact with a top-tier automotive retailer, we’d love to hear from you. Join us at Texoma Hyundai and be part of a rewarding journey where your skills and efforts lead to success!

Frequently Asked Questions (FAQs) for Finance Manager - Texoma Hyundai Role at Sonic Automotive
What does a Finance Manager do at Texoma Hyundai?

As a Finance Manager at Texoma Hyundai, you'll play a critical role in overseeing the dealership's financial operations. This includes ensuring that sales quotas and gross margin objectives are met, selling finance and insurance products, and creating financial forecasts. Moreover, you'll manage relationships with finance sources and communicate daily with sales staff to strategize sales performance.

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What qualifications are needed for the Finance Manager position at Texoma Hyundai?

To qualify for the Finance Manager role at Texoma Hyundai, candidates should have prior experience in an automotive dealership, strong knowledge of financing options and insurance products, and excellent communication skills. Additionally, a high school diploma and a valid driver’s license are required. A detail-oriented approach and the ability to handle multiple transactions in a fast-paced environment are also essential.

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How can I apply for the Finance Manager position at Texoma Hyundai?

Interested candidates can apply for the Finance Manager position at Texoma Hyundai by submitting their resume and cover letter directly through our company careers page or contacting our HR department. Be sure to highlight your relevant experience in the automotive finance sector to stand out!

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What benefits come with the Finance Manager role at Texoma Hyundai?

The Finance Manager role at Texoma Hyundai comes with an excellent benefits package. Employees receive medical, dental, and vision insurance, a 401k plan with company match, paid time off, and numerous opportunities for career advancement within a Fortune 500 company. This creates a well-rounded employment experience aimed at supporting your career growth.

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How does Texoma Hyundai support employee development for Finance Managers?

Texoma Hyundai is committed to professional development and offers comprehensive training programs for Finance Managers. As part of the Sonic Automotive family, you will have access to a wide array of resources for ongoing education and skills enhancement, ensuring that you stay at the forefront of automotive finance practices.

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What makes Texoma Hyundai a top choice for Finance Managers?

Texoma Hyundai stands out as a top choice for Finance Managers due to its commitment to employee success, a supportive team environment, and the vast opportunities for career advancement within Sonic Automotive. Additionally, our competitive compensation and extensive benefits package make this an attractive place to build your automotive finance career.

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What kind of work environment can Finance Managers expect at Texoma Hyundai?

Finance Managers at Texoma Hyundai can expect a dynamic and collaborative work environment. We promote a team-based approach, where open communication and regular sales meetings are encouraged, ensuring that everyone is working towards the same goals. You'll find that our culture values your contributions and empowers you to make meaningful impacts.

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Common Interview Questions for Finance Manager - Texoma Hyundai
Can you explain your previous experience as a Finance Manager in an automotive dealership?

When answering this question, provide specific examples of your previous roles, detailing how you met sales quotas, managed finance products, and built relationships with finance sources. Highlight any results you've achieved to showcase your impact right from the start.

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What strategies do you use to project vehicle requirements and sales forecasts?

Discuss the methods you utilize for data analysis and market research to inform your projections. Mention how you collaborate with sales teams and utilize historical data to support decision-making for vehicle inventory.

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How do you ensure compliance with lending practices and insurance regulations?

Address your familiarity with applicable regulations and compliance processes. Discuss how you keep updated with industry standards and your proactive approach in training your team on compliance-related matters.

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What are some common finance products that a Finance Manager should sell at an automotive dealership?

Share a list of common finance products such as extended warranties, gap insurance, and maintenance contracts. Discuss why these products are beneficial for customers and how they can generate additional revenue for the dealership.

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Describe your negotiation process when working with customers on financing options.

Highlight your approach to negotiation, including active listening to understand customer needs, presenting multiple financing options, and guiding them through the decision-making process, while ensuring that they feel satisfied and valued.

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How do you prioritize and manage multiple transactions in a fast-paced environment?

Discuss your organizational skills and any tools or methodologies you use to prioritize tasks, such as creating lists or using CRM software. Share how effective time management and team collaboration play into your daily routine.

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What steps do you take to maintain relationships with finance sources?

Describe how you establish and nurture relationships with finance sources by consistently communicating, understanding their processes, and encouraging mutual support. Mention any professional networks you leverage to strengthen these ties.

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Can you provide an example of a challenging situation as a Finance Manager and how you handled it?

Provide a situation that showcases your problem-solving skills and adaptability. Explain the situation, the action you took, and the positive outcome, emphasizing your critical thinking and how you remain calm under pressure.

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How would you train a new employee in your finance department?

Discuss your approach to training, which may include hands-on experience, mentorship, and providing resources such as manuals or online courses. Highlight the importance of onboarding programs that ensure new hires feel valued and equipped to succeed.

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What key performance indicators (KPIs) do you track as a Finance Manager?

Mention KPIs like gross profit per vehicle, the ratio of finance product penetration, and customer satisfaction ratings. Explain how tracking these metrics helps you assess departmental performance and make informed decisions.

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Our purpose is to deliver an exceptional experience for our guests and teammates that fulfills dreams, enriches lives and delivers happiness. Our Be Connected! Principles serve as our guiding values for how we fulfill our purpose. We strive to Be...

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Full-time, on-site
DATE POSTED
November 28, 2024

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