F and I Manager - Motorcycle Dealership

Simply Ride

F and I Manager - Motorcycle Dealership

Eden Prairie, MN
Full Time
Paid
  • Responsibilities

    Benefits:

    401(k) matching

    Bonus based on performance

    Company parties

    Competitive salary

    Dental insurance

    Employee discounts

    Health insurance

    Opportunity for advancement

    Paid time off

    Wellness resources

    Job Summary:

    Simply Ride, a premier used motorcycle dealership located in Eden Prairie, Minnesota, is seeking a dedicated and experienced Finance Manager to join our team. The Finance Manager will play a critical role in assisting customers with financing options, securing loans, selling various financial protection products and or service contracts, and providing financial guidance. Reading credit reports for prospective customers is a key aspect of this role; as such, confidentiality is critical and is one of many parts of this role that requires 100% confidentiality. This position requires someone with a strong background in vehicle finance, financial product sales, customer service, and an ability to work in a fast-paced, high-energy environment. The ideal candidate will help customers complete the financing and sign-out paperwork needed to secure their vehicle purchase while ensuring compliance with all applicable legal requirements. The Finance Manager will be responsible for achieving gross profit metrics for related financial products.

    Primary Responsibilities Include:

    · Assist Sales Manager in training Salespeople on the Finance Process and work closely with the Sales Manager to close and manage all sales deals in an accurate and timely manner

    · Assist Sales Team on managing deals with finance companies

    · Manage Simply Ride retail loan candidates and ongoing collections

    · Manage & complete the repossession process if necessary

    · Ensure Simply Ride complies with Red Flag, Adverse Action, and other Federal requirements

    · Cultivate and maintain relationships with lenders

    · Be familiar with and sell financial products such as GAP, ESC, Tire/Wheel/Roadside, Theft, etc.

    · Accurately prepare, review, and submit all finance-related documentation, ensuring accuracy and adherence to legal requirements, including title and registration paperwork, warranties, protection plans, and gap insurance to add value to customers’ purchases.

    · Prepare and submit regular and timely finance reports to management, providing insights on loan approvals, F&I product sales, and finance-related performance metrics.

    · Assist the General Manager, Sales Manager, and other leadership as needed.

    Basic Qualifications:

    • High School Diploma or GED

    • Minimum of 2 Years vehicle dealership experience

    • MUST BE comfortable communicating with people in-person, over the phone, and email

    • Finance experience preferred, but training will be provided for the right candidate(s)

    • Sales experience is preferred, but training will be provided for the right candidate(s)

    • Knowledge of powersports, especially motorcycles, and the commitment to continually develop knowledge related to the function and the industry

    • Be able to work in a fast-paced retail environment

    • Must be able to self-manage

    • Work hours and days are on-site and Tuesday – Thursday 10am to 6pm, Friday 10am to 5pm, and Saturday 10am to 4pm.

    Preferred Qualifications:

    · Valid motorcycle endorsement or prior powersports experience

    · Participate in Powersports Events/Activities

    · 4-years of experience in a vehicle dealership environment in the finance function

    · Passionate, motorcycle enthusiast

    · Maintain a high level of personal and professional integrity and confidentiality

    · 2 year or 4-year college degree preferred

    · Must be self-managing during seasonally slow periods to proactively improve processes & reduce costs throughout the dealership.

    Location: Eden Prairie, MN

    Travel: May include up to 5% domestic

    Core Values: Family, Premier, Passionate, Grow, Integrity

    Benefits after introduction period include:

    • Health benefits

    • IRA Match (similar to 401k)

    • Discounts on powersports parts, accessories, and service for your bike

    • Paid Time Off

    Compensation:

    Simply Ride offers a competitive compensation package consisting of a base salary plus commission on Finance Products (back end) and Major Unit Gross Profit (front end) considering position and or career experience, opportunities for career advancement, and a supportive work environment. If you’re an experienced finance professional with a passion for customer service and vehicle sales, apply today to join our team in Eden Prairie.