Auto Finance & Auto Swap Business Development Officer
Job summary
We are seeking a highly motivated and results-driven Auto Finance & Auto Swap Business Development Officer responsible for generating new business and bringing in customers seeking auto financing and auto swap loans.
Job descriptions & requirements
Responsibilities:
- Source and generate new customers requiring auto financing and auto swap loans.
- Develop and maintain a strong pipeline of prospective customers and financing opportunities.
- Build relationships with car dealerships, auto dealers, vehicle brokers, fleet operators and other potential business partners.
- Identify individuals and businesses looking to purchase, refinance, swap or acquire vehicles through financing.
- Present the company's auto financing and auto swap loan products to prospective customers.
- Explain financing options, eligibility requirements, repayment terms and applicable charges to customers.
- Collect and review customer information and required documentation for financing applications.
- Work closely with banks, lenders and internal credit teams to facilitate loan processing and approval.
- Follow up consistently on leads, applications and pending transactions until successful completion.
- Negotiate and structure suitable financing solutions based on customer needs and company guidelines.
- Identify opportunities for repeat business, referrals and cross-selling.
- Maintain strong relationships with existing customers and business partners to generate ongoing referrals.
- Monitor market trends, competitor offerings and opportunities within the auto financing sector.
- Meet and exceed agreed monthly and quarterly business development targets.
- Maintain accurate records of leads, customer interactions, applications, approvals and completed transactions.
- Prepare regular reports on business generated, pipeline opportunities, conversion rates and revenue.
- Ensure all customer dealings and transactions are conducted professionally and in accordance with company policies and applicable regulations.
Requirements:
- A minimum of a bachelor's degree or equivalent qualification in Business Administration, Finance, Marketing, Economics or a related discipline is preferred.
- Minimum of 2 years' relevant work experience in auto financing, vehicle sales, auto loans, banking, financial services, business development or a related field.
- Proven ability to bring in customers and generate financing business.
- Existing relationships with car dealers, auto brokers, banks, lenders or vehicle owners will be an added advantage.
- Strong understanding of auto loans, vehicle financing and/or auto swap transactions.
- Proven sales and business development ability.
- Excellent communication, networking and negotiation skills.
- Strong customer acquisition and relationship-management skills.
- Ability to work independently and achieve aggressive targets.
- Strong follow-up and lead-conversion skills.
- Good knowledge of the local automotive and financial services market.
What We Offer:
- Competitive salary and attractive performance-based incentives.
- Professional growth and career development opportunities.
- Supportive and target-driven work environment.
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