Automotive Finance Assitant

Merchant Automotive Group is seeking an Automotive Finance Assistant for an onsite role in Selma, Alabama. This position offers an hourly pay range of USD 14 to 17 and a benefits-forward compensation package designed to support your financial well-being and professional growth. A minimum of two years of experience in finance or a related role is required.

Benefits

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Employee discount
• Flexible schedule
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Professional development assistance
• Relocation assistance
• Tuition reimbursement
• Vision insurance

Responsibilities

• Follow and implement dealership policies and procedures
• Keep the office clean and organized
• Report problem deals to management immediately
• Address missing stipulations communicated by lenders promptly
• Maintain professional ethics and treat customers with respect
• Maintain knowledge of state finance regulations and the Fair Credit Reporting Act
• Coordinate with appropriate departments
• Train and supervise sales staff on regulatory updates and the Fair Credit Reporting Act
• Structure deals in line with lender and dealership guidelines
• Avoid misrepresenting a deal
• Book deals accurately and ensure equipment is properly represented
• Conduct credit interviews and prepare credit applications
• Verify accuracy of information on credit applications and submit to lenders
• Maintain confidentiality of customer information
• Disclose financial information to customers
• Sell credit insurance and service contracts
• Maintain positive lender relations
• Maintain a lender guide of programs in use and stay knowledgeable about them
• Evaluate new lender programs
• Review deals with lenders and diligently process all deals
• Maintain current inventory log and provide recommendations to management
• Support moves of older inventory
• Maintain a call-in log and contracts in transit log (funding package)
• Train administrative personnel on assembling funding packages
• Review funding packages prior to mailing
• Show and demonstrate vehicles when necessary
• Design and place advertising for special financing
• Analyze credit reports and identify conventional deals for turnover
• Properly cost special finance deals and prepare profit sheets
• Receipt deposits promptly
• Other tasks as assigned

Requirements

• Strong math abilities and computer skills
• Minimum two years of experience as an F&I Manager or in an assistant role

Marginal Duties

• Prepares weekly and monthly reports as requested by management

F&I Manager - Education and/or Experience

• Two years of experience as an F&I Manager or in an assistant role is recommended

F&I Manager - Mathematical Skills

• Excellent math ability and strong computer skills