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Dubai

    Finance and Insurance Manager - Dubai, United Arab Emirates - ALFAHIM

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    Description
    • Bank Operations: Interact with senior bank officials to negotiate optimum interest rates for car loans. Meet and seek the required information to assess the customer's eligibility to secure a car loan. In case the customer is not eligible, advise an alternative option to enable him to secure finance and purchase the car and assign the insurance coordinator to assist the customer. Process customer's collected documents to the bank for approval of the bank loan.
    • Insurance: Supervise the insurance coordinator to offer motor insurance coverage to the customer and include it in the bank loan approval process to secure insurance funding along with the car loan. Upon 'full and final' approval, submit the insurance requisitions to the service provider to issue insurance policy. Supervise, coordinate with sales team and facilitate the payment for the booked car by the bank.
    • Used Cars: Coordinate with the bank to settle outstanding loans to trade a used car for new car. Collect liability certificate from customer, check the outstanding amount against the offered price and agree/settle the difference between the two prices. Follow-up on the release letter to transfer the used car ownership to the Company.
    • Reports: Prepare insurance and finance reconciliation reports to throw light on the bank's market share. Generate bank commission report to reflect percentage of payment distributed/income generated for the finance and insurance department, sales and Company on a monthly basis for management review.

    Qualification: Bachelor's Degree in Business, Finance or equivalent.

    Experience:

    • 8 – 10 years of minimum experience in a retail banking environment & car loans; out of which 2 years should be on Managerial level.
    • Experience within automotive dealer is preferred.

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