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Automotive Finance Manager - W.I. Simonson

Company Description

W.I. Simonson is a Sonic Automotive Dealership. 

Sonic Automotive is a Fortune 500 company that is transforming the way people shop for, buy and service their vehicles. Our talented team work together to ensure we provide an experience unmatched by our competitors.

Our associates are happy to work here because:

  • We boast the lowest turnover in the industry.
  • We provide award winning training (Training Magazine Top 125, and Brandon Hall Awards).
  • We are committed to developing and promoting within the company.
  • We are technology based - most jobs use IPads or IPhones that we provide.
  • Our benefits are extremely competitive with Medical, dental, vision, HSA, 401k and PTO.
  • We encourage peer to peer teamwork and recognition.
  • Special benefits to purchasing and leasing a car.
  • Personal Automotive Concierge Service.

If you want to find out more about the types of jobs we have here, we've highlighted a few.

We're proud of what we're doing here. Come and join us!

Compensation:  $100,000 to $250,000 

Job Description

The Finance / Sales 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

·       Facilitate pre-delivery with the Service Manager

·       Provide on the job training for salespeople

·       Handle all rate quotations

·       Check all paperwork for correct title, lien information, taxes, etc. Establish and meet monthly objectives

·       The F&I Manager has a responsibility to log in sales income. Verify insurance with customers agents, obtain deposits, verify trade payoffs

·       Must follow all company safety policies and procedures, and immediately report any and all accidents to a manager or supervisor

(The Finance Manager Position has a Pay Scale consisting of the following elements and ranges.  Wages include Base Hourly Compensation of between $17.50 and $19.00 plus $4,000 monthly advance.  The position may also pay commission compensation which is based on the value or amount of closed sales achieved from $0.00 (if no sales are made) without any upper limit other than sales performance.  The position also may also pay a production bonus based on individual or team performance that may range from $0.00 (if baseline benchmarks are not met) without any fixed upper limit.)

Qualifications

·       High school diploma or the equivalent

·       Ability to read and comprehend instructions and information

·       Degree or commensurate experience in finance

·       Knowledge of dealership finance and insurance procedures

·       Previous professional sales experience

·       Computer knowledge preferred

·       Professional personal appearance

·       Excellent communication skills

·       All applicants must be authorized to work in the USA

·       All applicants must perform duties and responsibilities in a safe manner

·       All applicants must be able to demonstrate ability to pass pre-employment testing to include background checks, MVR, drug test, credit report, and valid driver license

 

Additional Information

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

Average salary estimate

$175000 / YEARLY (est.)
min
max
$100000K
$250000K

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 Automotive Finance Manager - W.I. Simonson, Sonic Automotive

Join the dynamic team at W.I. Simonson as an Automotive Finance Manager, where you'll play a vital role in transforming the car buying experience for our customers. We're not just an automotive dealership; we’re part of Sonic Automotive, a Fortune 500 company that prides itself on innovation and exceptional service. Your primary responsibility will be ensuring our dealership meets its sales quotas, while also generating additional revenue through selling finance and insurance products. You'll make key decisions on monthly projections and forecasts, build strong relationships with finance sources, and actively participate in nurturing our sales team through meetings and training. With our advanced technology, supportive work environment, and opportunities for professional growth, you'll be empowered to succeed. Enjoy competitive compensation ranging from $100,000 to $250,000, including base salary, monthly advances, and commission bonuses based on your sales performance. At W.I. Simonson, we value our associates' well-being and professional development through award-winning training and a plethora of benefits such as medical, dental, and a 401k plan. If you are passionate about automotive sales finance and want to enhance your career in a thriving dealership, we invite you to apply today and become part of a company that genuinely cares about its employees’ happiness and growth.

Frequently Asked Questions (FAQs) for Automotive Finance Manager - W.I. Simonson Role at Sonic Automotive
What are the main responsibilities of an Automotive Finance Manager at W.I. Simonson?

As an Automotive Finance Manager at W.I. Simonson, your primary responsibilities will include ensuring the dealership meets its sales quotas while generating additional revenue through finance and insurance product sales. You'll also be tasked with monthly sales projections, establishing relationships with finance sources, training new salespeople, and reviewing sales results daily to optimize performance.

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What qualifications do I need to apply for the Automotive Finance Manager position at W.I. Simonson?

To apply for the Automotive Finance Manager position at W.I. Simonson, you should have at least a high school diploma or equivalent, along with experience in finance or a related degree. Previous professional sales experience, strong communication skills, and knowledge of dealership finance and insurance procedures are also critical qualifications for this role.

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How does W.I. Simonson support the growth and success of its Automotive Finance Managers?

W.I. Simonson supports its Automotive Finance Managers through comprehensive training programs that are nationally recognized, fostering personal and professional growth. The dealership boasts a low turnover rate and provides ongoing support through peer teamwork and recognition, ensuring you have the tools and environment necessary to excel in your role.

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What is the compensation structure for the Automotive Finance Manager role at W.I. Simonson?

The compensation structure for the Automotive Finance Manager position at W.I. Simonson includes a base hourly wage between $17.50 to $19.00, a $4,000 monthly advance, and a commission based on closed sales. There are also production bonuses available, making the total compensation potential highly lucrative, normally ranging from $100,000 to $250,000.

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What kind of training is provided to Automotive Finance Managers at W.I. Simonson?

W.I. Simonson provides award-winning training that equips Automotive Finance Managers with the skills necessary to succeed in their roles. This training includes comprehensive onboarding, access to industry best practices, product knowledge, and ongoing professional development to keep you at the top of your game in the automotive finance industry.

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Common Interview Questions for Automotive Finance Manager - W.I. Simonson
Can you describe your experience with finance and insurance products?

Focus on specific products you've sold before, highlighting your sales techniques, understanding of customer needs, and how you’ve successfully closed deals. Mention any statistics or metrics to solidify your experience.

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How do you ensure that your dealership meets its sales quotas?

Talk about how you analyze sales data, make monthly forecasts, and proactively train and motivate sales staff to achieve targets. Mention your approach to evaluating performance and adapting strategies as needed.

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What strategies would you implement to build relationships with finance sources?

Discuss networking techniques, communication strategies, and how previous experiences have helped you form effective partnerships. Explain how maintaining relationships leads to better financing options for your customers.

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How do you manage and train new salespeople effectively?

Share your methods for onboarding, including mentoring techniques, creating personalized training plans, and setting clear expectations. Highlight the importance of ongoing support and feedback in their development.

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Can you give an example of a challenging finance deal you closed?

Describe a particular instance that showcases your problem-solving skills and innovative thinking. Discuss how you navigated difficulties, understood customer concerns, and ultimately closed the deal.

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What tools do you use to manage paperwork and finance deals?

Reference any dealership management software you’ve used, your organizational skills, and attention to detail in handling paperwork. Demonstrate how technology has streamlined your processes.

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How do you stay updated on the automotive finance industry?

Mention subscribing to industry publications, attending relevant workshops or conferences, and engaging with professional networks. Emphasize the importance of staying informed on regulatory changes and market trends.

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What do you consider the most important aspect of customer service in finance?

Discuss the significance of building trust and effectively communicating options to customers. Share anecdotes that illustrate your commitment to providing a positive experience while securing favorable financing.

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How do you handle conflicts with customers regarding financing options?

Explain your calm approach to conflict resolution, which includes active listening, empathizing with the customer, and providing clear, understandable explanations. Always aim for a solution that maintains a positive relationship.

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Why do you want to work as an Automotive Finance Manager at W.I. Simonson?

Express your enthusiasm for the company culture, its commitment to employee growth, and the unique opportunities presented by the role. Highlight how your values align with W.I. Simonson’s mission and vision.

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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
March 25, 2025

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