Alfahim
Finance & Insurance Manager (Automotive) at Alfahim will oversee manage and meet the financial and motor insurance needs of new & used car customers to generate income for the organization and achieve the pre-approved penetration rate. Efficiently process and supervise car loans and motor insurance through the designated service providers. Ensure required documentation is in order and payments are collected in a timely manner.
Responsibilities
- Bank Operations: Interact with senior bank officials to negotiate optimum interest rates for car loans.
- Meet and seek the required information to assess the customer’s eligibility to secure a car loan.
- In case the customer is not eligible, advise an alternative option to enable him to secure finance and purchase the car and assign the insurance coordinator to assist the customer.
- Process customer’s collected documents to the bank for approval of the bank loan.
- Insurance: Supervise the insurance coordinator to offer motor insurance coverage to the customer and include it in the bank loan approval process to secure insurance funding along with the car loan.
- Upon ‘full and final’ approval, submit the insurance requisitions to the service provider to issue insurance policy.
- Supervise, coordinate with sales team and facilitate the payment for the booked car by the bank.
- Used Cars: Coordinate with the bank to settle outstanding loans to trade a used car for new car.
- Collect liability certificate from customer, check the outstanding amount against the offered price and agree/settle the difference between the two prices.
- Follow-up on the release letter to transfer the used car ownership to the Company.
- Reports: Prepare insurance and finance reconciliation reports to throw light on the bank’s market share.
- Generate bank commission report to reflect percentage of payment distributed/income generated for the finance and insurance department.
Requirements for Role of Finance & Insurance Manager
- Bachelor’s Degree in Business, Finance or equivalent.
- 8-10 years of minimum experience in a retail banking environment & car loans; out of which 2 years should be on Managerial level.
- Experience within automotive dealer is a plus.
Marketing Specialist Automotive Alfahim Dubai