Finance Director
3 weeks ago
As the Finance Director at HGreg Group, you will be responsible for overseeing all aspects of the dealership's finance and insurance (F&I) department. You will lead a team of finance managers to maximize revenue and profitability while ensuring compliance with regulatory requirements and maintaining high levels of customer satisfaction.
Key Responsibilities:- Recruit, train, and develop a high-performing team of finance managers and support staff.
- Set performance goals and objectives for the finance department and monitor progress towards achieving them.
- Provide ongoing coaching and support to finance managers to help them succeed in their roles.
- Foster a positive and collaborative work environment that encourages teamwork, professionalism, and excellence in customer service.
- Oversee the dealership's finance and insurance operations, including vehicle financing, extended warranties, and other F&I products.
- Develop and implement strategies to maximize revenue and profitability from F&I sales while maintaining ethical and compliant practices.
- Review and approve finance deals, ensuring accuracy and compliance with lender guidelines and dealership policies.
- Monitor industry trends and regulatory changes to identify opportunities for revenue growth and process improvements.
- Build and maintain strong relationships with customers, lenders, and insurance providers to enhance the dealership's reputation and customer satisfaction.
- Address customer inquiries, concerns, and complaints related to financing and insurance, resolving issues promptly and professionally.
- Ensure that customers receive transparent and accurate information about F&I products and services, helping them make informed decisions.
- Ensure compliance with all relevant laws, regulations, and industry standards governing F&I operations, including Truth in Lending Act (TILA), Regulation Z, and Fair Credit Reporting Act (FCRA).
- Implement and enforce dealership policies and procedures related to finance and insurance sales, ensuring consistency and integrity in all transactions.
- Conduct regular audits and reviews of F&I processes and documentation to identify and mitigate compliance risks.
- Analyze F&I performance metrics and financial data to assess departmental performance and identify areas for improvement.
- Prepare regular reports and presentations for dealership management, providing insights and recommendations for optimizing F&I operations.
- Work closely with the dealership's accounting and finance team to reconcile F&I transactions, ensure accurate financial reporting, and support budgeting and forecasting activities.
- Minimum of 3 years of experience as a Automotive Finance Director.
- Extensive experience in the used car industry, specifically with dealerships selling over 200 used vehicles per month.
- Dental insurance.
- 401(K).
- Health insurance.
- Vision insurance.
- Paid Time Off.
- Paid Group Term Life Insurance.
- Paid Training to promote professional growth.
- Employee Assistance Program (EAP).
- Supplemental Personal Accident Insurance.
- The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
- Sit and/or stand interchangeably throughout the day.
- Sit and/or stand for long periods at a time.
- Use hands, fingers and arms continually, frequently and throughout the day.
- Bend, crouch, crawl, stoop and kneel continually, frequently and throughout the day.
- Operate and drive vehicles or equipment in a safe manner.
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