Automotive Chief Financial Officer Job Description

Automotive Chief Financial Officer Jobs

Chief Financial Officer Job Description
CFO Jobs
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Automotive Chief Financial Officer - Summary

Directs the dealership's financial planning and accounting practices, as well as its relationship with lending institutions, shareholders and the financial community by performing the following duties personally or through subordinate managers.

Automotive Chief Financial Officer - Essential Duties

  • Oversees and directs treasury, budgeting, audit, tax, accounting, purchasing, real estate and insurance activities for the dealership.
  • Works closely with the dealer on long-range planning, cash management and funds allocation.
  • Maintains relationships with financial institutions on matters of lines of credit and funds management.
  • Analyzes, consolidates and directs all cost accounting procedures together with other statistical and routine reports.
  • Directs and analyzes studies of general economic, business and financial conditions and their impact on the dealership's policies and operations.
  • Directs the controller in providing and managing the procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services.
  • Oversees and directs the preparation and issuance of the dealership's annual report.
  • Appraises the dealership's financial position and issues periodic financial and operating reports.
  • Maintains close working relationships with accountants to ensure adherence to Generally Accepted Accounting Principles (GAAP) and maintenance of a dealership financial structure designed to minimize tax liabilities.
  • Maintains close working relationship with legal counsel to ensure that all dealership financial activities are properly conducted, documented and reported.
  • Assists the dealer and general manager with cash flow management by working with the controller to follow contracts-in-transit, accounts receivable and purchaser loan payoffs.
  • Assists the general manager in preparing financial projections and budgets for each retail facility.
  • Negotiates relationships with insurers to provide insurance coverage and other benefits.
  • Represents the dealer as a personal agent within the dealership and at functions outside the dealership.
  • Other tasks as assigned.

Marginal Duties
[If applicable.]

Supervisory Responsibilities
[If applicable.]

Automotive Chief Financial Officer - Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Automotive Chief Financial Officer - Education and/or Experience

  • Bachelor's degree (B.A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.
  • Two to four years related experience and/or training; or equivalent combination of education and experience
  • Four to ten years related experience and/or training; or equivalent combination of education and experience.

Automotive Chief Financial Officer - Language Skills

  • Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to customers, clients and other employees of the organization.
  • Ability to read and interpret documents such as safety rules, operating and maintenance instructions and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.
  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers and the general public.
  • Ability to read, analyze, and interpret common scientific and technical journals, financial reports and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies or members of the business community. Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to top management, public groups and/or boards of directors.
  • Ability to read, analyze and interpret the most complex documents. Ability to respond effectively to the most sensitive inquiries or complaints. Ability to write speeches and articles using original or innovative techniques or style. Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups and/or boards of directors.

Automotive Chief Financial Officer - Mathematical Skills

  • Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals. Ability to compute rate, ratio and percent and to draw and interpret bar graphs.
  • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume. Ability to apply concepts of basic algebra and geometry.
  • Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations.

Automotive Chief Financial Officer - Reasoning Ability

  • Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions. Ability to deal with problems involving a few concrete variables in standardized situations.
  • Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.
  • Ability to define problems, collect data, establish facts and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
  • Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems. Ability to deal with nonverbal symbolism (formulas, scientific equations, graphs etc.) in its most difficult phases. Ability to deal with a variety of abstract and concrete variables.

Certificates, Licenses, Registrations
[If applicable.]

Automotive Chief Financial Officer - Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Automotive Chief Financial Officer - Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.