Finance and Insurance Manager

4 weeks ago


Dubai, United Arab Emirates ALFAHIM Full time
  • BankOperations: Interact with senior bank officials tonegotiate optimum interest rates for car loans. Meet and seek therequired information to assess the customer’s eligibilityto secure a car loan. In case the customer is not eligible, advisean alternative option to enable him to secure finance and purchasethe car and assign the insurance coordinator to assist thecustomer. Process customer’s collected documents to thebank for approval of the bankloan.
  • Insurance:Supervise the insurance coordinator to offer motorinsurance coverage to the customer and include it in the bank loanapproval process to secure insurance funding along with the carloan. Upon ‘full and final’ approval, submitthe insurance requisitions to the service provider to issueinsurance policy. Supervise, coordinate with sales team andfacilitate the payment for the booked car by thebank.
  • Used Cars:Coordinate with the bank to settle outstanding loans to trade aused car for new car. Collect liability certificate from customer,check the outstanding amount against the offered price andagree/settle the difference between the two prices. Follow-up onthe release letter to transfer the used car ownership to theCompany.
  • Reports:Prepare insurance and finance reconciliation reports to throw lighton the bank’s market share. Generate bank commissionreport to reflect percentage of payment distributed/incomegenerated for the finance and insurance department, sales andCompany on a monthly basis for managementreview.

Qualification:Bachelor’s Degree in Business, Finance orequivalent.

Experience:

  • 8 – 10 yearsof minimum experience in a retail banking environment & carloans; out of which 2 years should be on Manageriallevel.
  • Experience within automotive dealer ispreferred.


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