Automotive Floorplan Territory Manager
Automotive Floorplan Territory Manager Spokane, WA | Remote Company Overview About Westlake Floorplan Company Westlake Floorplan Company was established in 2013 as a division of Westlake Financial Services – the leading lender for independent and franchise dealerships. Founded as a way to provide both independent and franchise dealers inventory financing plan lines of credit; Westlake strives to suit any business’s needs. Westlake has financed over 190,000 vehicles for more than 3,000 dealerships in over 46 states. Our cutting-edge technology, customer service, unique partnerships, and flexible terms makes us the most dealer friendly inventory financing provider in the United States. We are seeking an experienced and motivated Automotive Floorplan Portfolio Manager. This role is pivotal in building and managing a portfolio of automotive dealerships. Responsibilities include but not limited to signing dealerships, driving sales, ensuring excellent servicing of accounts, and effectively managing associated risks. The ideal candidate will possess a comprehensive understanding of the automotive industry, and a proven track record of building and maintaining client relationships.
Key Responsibilities
Sales Management: - Develop and implement sales strategies to acquire and retain dealer clients within the automotive sector. - Build and maintain relationships with dealership owners and key decision-makers to understand their financing needs. - Identify opportunities for portfolio growth by presenting financing solutions and promoting Westlake Flooring Company’s offerings. - Conduct market research to remain competitive and align services with industry trends. Servicing: - Oversee the servicing of the automotive floorplan portfolio, ensuring high levels of customer satisfaction. - Monitor account performance and proactively address any issues or concerns raised by clients. - Collaborate with cross-functional teams to streamline processes and enhance customer experience. - Provide training and support to dealerships on the use of financing solutions and services. Risk Management: - Monitor dealership conditions and performance - Develop and maintain risk assessment models to evaluate dealership creditworthiness. - Collaborate with internal teams to ensure compliance with company policies and regulatory requirements. - Monitor the performance of the portfolio, including loan balances, dealer performance, and payment trends.
Compensation
Pay Rate: Self-determined, performance-based compensation package - Base pay of $50,000 per year - Guaranteed Bonus Income $2,000 a month for 4 months (month 1 is prorated), $1,500 for months 5 & 6, $1,000 for month 7, and $333 for months 8-12. - Monthly vehicle mileage reimbursement program average of $450 monthly - Average rep earning after 1 year - $114,764 - Average Earning of top 50 reps - $126,380 - No limit on commissions Qualities we look for in our Area Manager - Bilingual (English, Spanish) - Knowledge of the automotive industry (various sectors) - Strong financial acumen with working knowledge of key financial tools and terminology - Strong presentation, verbal, and written communication skills - Strong interpersonal skills with ability to interact with clients, collaborate with internal team members and external partners at various levels within the organization - Strong time management skills with ability to manage deadlines - Strong negotiation and collection skills - Strong analytical and problem-solving skills - Ability to work independently and in a remote environment - Proficient in Excel, Word, PowerPoint, Outlook, and Teams - BA/BS in related field and 3 years of related experience; or an equivalent combination of education and work-related experience - 2+