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Murgado Automotive Group

Automotive dealerships and service centers

Finance Manager

Retail & Commercial BankingPosted on Nov 11
Full-timeHighland Park, IL, USA$100k - $200k /yrIn-person

About the Job

Requirements

  • A high school diploma or GED is required.
  • Three or more years of related experience and/or training, or an equivalent combination of education and experience, is required.
  • A current state insurance license is required, or the ability to obtain and maintain one.

Responsibilities

  • Protect gross profit by arranging financing so outside sources do not impact selling margins.
  • Build and maintain strong relationships with lenders and finance sources, including the manufacturer.
  • Generate additional income through vehicle service contracts, GAP coverage, and maintenance plans.
  • Convert cash deals to finance and process finance and lease deals accurately and fairly to secure approval.
  • Manage paperwork for each vehicle sale, including customer signatures, payoff and insurance information, and title, lien, and tax review before forwarding it to accounting.
  • Complete federal, state, and dealer paperwork in a timely and efficient manner.
  • Work with Client Advisors and sales managers to secure a reasonable profit from every sale.
  • Train and update the sales team on finance and lease programs and the benefits of financing, insurance, and extended service programs.
  • Manage the alternative finance source program so several sources are always available.
  • Explain manufacturer and dealership service procedures and policies to customers.
  • Maintain a current state insurance license and complete continuing credit insurance education as needed.
  • Comply with federal, state, and local regulations affecting new- and used-vehicle sales and finance, and conduct business ethically and professionally.
  • Perform other duties as requested, directed, and assigned.

About the Company

Murgado Automotive Group

Automotive dealerships and service centers

Murgado Automotive Group is an automotive retail group operating franchised dealerships and related service businesses. Its dealerships sell new and pre-owned vehicles while providing financing, parts, maintenance, and repair. The group represents multiple vehicle brands in regional markets across the United States. The group participates in automotive retail rather than manufacturing, with customer relationships extending beyond vehicle sales through trade-ins, financing, parts, scheduled maintenance, warranty work, repair, and dealership service operations.

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