Automotive Finance Manager Cover Letter Example

An Automotive Finance Manager is responsible for working in automotive dealership firms. They present car buyers with various finance options and connect them to appropriate lending institutions. To work in this capacity, these professionals need to have strong technical skills and knowledge of financial products and services to meet customer needs.

A successful cover letter allows you to persuade the employer to go through your resume. It doubles the chances of you getting a face-to-face interview with the hiring manager. Roll out your skills that mimic the job summary but with little word variations in your Automotive Finance Manager Cover Letter. Our Automotive Finance Manager Cover Letter Sample will help you set yourself apart from other candidates in the pool.

Automotive Finance Manager Cover Letter example

Automotive Finance Managers coordinate the financing options for customers who buy new and used vehicles. These professionals act as an intermediary between financial institutions and customers and ensure a proper relationship with them. The job description also includes preparing paperwork and contracts and ensuring that the deals are closed effectively. Negotiation with lenders and other financial institutions to obtain financing terms is the most crucial work part.


What to Include in a Automotive Finance Manager Cover Letter?


Roles And Responsibilities

  • Negotiating with lenders, and financial institutions, and assisting in obtaining financial loans on behalf of the borrowers.
  • Maintaining records relating to accounts receivable, accounts payable, and other financial records.
  • Evaluating credit applications from customers and determining if they are eligible for financing, and arranging for appraisals of used cars or collateral.
  • Preparing contracts for loans and leases and managing the loan process.
  • Collecting monthly payments from borrowers.
  • Establishing and enforcing dealer policies relating to customer payment plans and delinquencies.
  • Reviewing financial statements and other reports and determining if they need any action providing advice to customers about financial options based on the specific needs and financial situations.

Education & Skills

Automotive Finance Manager Skills:

  • Valid state-issued driver’s license and clean driving record.
  • Strong communication skills.
  • Commitment to customer satisfaction.
  • Innate ability to build rapport with customers.
  • Basic MS Office knowledge and computer software proficiency.
  • AFIP certification.

Automotive Finance Manager Education Requirements:

  • Bachelor’s degree in finance or a related discipline.
  • Sales experience or finance and insurance experience.

Automotive Finance Manager Cover Letter Example (Text Version)

Dear Mr./Ms.

I am writing to apply for the Automotive Finance Manager role at ****, as advertised on ***. Over my 8+ years working as an Automotive Loan Manager for ***, I accumulated a well-grounded skillset and experience in leasing, insurance, and financing. I am confident that my services will allow me to excel in this role and can contribute to ***’s continued success.

In my current role at ***, I am responsible for all facets of the agency’s financial operations, including budgeting, and financial reporting. I manage a team of 5 Accountants and 3 Junior workers. Under my leadership, my team was able to improve last year’s financial status by 45% and reduce compiling time by 50%.

The following are some of my core accomplishments –

  • Experience in leading financial oversight and controller responsibilities for ****, **** and ****
  • Expertise in improving and updating internal controls and processes.
  • Managing financial analyses, billing, collections, and report generation while ensuring optimum efficiency and productivity.
  • Developing and administering budgets up to $25M while managing financial controls, forecasting future trends.
  • Improving internal processes including streamlining financial processes, and reports to facilitate seamless and accurate outcomes.
  • Devised and executed systems structuring vehicle sales deals, enhancing profitability and collectability.
  • Master’s degree in Administration with majors in Finance and Marketing from the ***University.

Moreover, my strategic thinking abilities allow me to think out of the box and come up with innovative solutions for all complex problems. I can roll up my sleeves, and get into any role given the demanding role conditions. My strong background in finance and accounting along with my proficiency with accounting software positions me to be an ideal fit for this role.
I look forward to meeting you in person so that we can discuss my qualification and the position in more detail. In the meanwhile, I thank you for your time and consideration.

Sincerely,
[Your Name]


Tips

Your selling pointer here is your cover letter. Hence, use this document to showcase the skills you possess, by mindfully highlighting your field expertise. You should deliver your worthiness with the help of a well-informed resume. Showcase your academic scores in the relevant coursework and to date essential role responsibilities throughout your professional journey for the employer to imagine you as the next in line.

Our Automotive Finance Manager Resume Samples will impart the essential takeaways for you to compose your resume.


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