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Job Description
MAIN PURPOSE OF THE DEALER PRINCIPAL
- To ensure maximum efficiency and profitability of the Company whilst giving customer satisfaction.
- To formulate and administer Company policy.
- To control cash flow, stocks and assets at a level commensurate with profit requirements and satisfactory return on investment.
- To maximise Company profitability through the sale of vehicles, associated products, parts and labour.
Specific Role Responsibilities
OBJECTIVES AND KEY TASKS
Improved Profitability:-
- To ensure all departments achieve profit margins as per their objectives.
- To ensure Company attains an overall net profit as per budgets.
- To continually monitor the financial situation on a daily/weekly basis to achieve financial objectives.
- To examine all accounts, operating controls and composite figures to initiate improvement or corrective action where required.
- To ensure high level of contact with the bank, ensuring good cash flow, overdraft and loan facilities as necessary.
- To forecast peak sales criteria and cash requirements.
- To monitor and control availability of vehicle and parts stock in line with customer demand and projected sales.
- To maintain and where possible increase market penetration to meet company objectives.
- To improve stock turnover ratios, reduce stock holding value and increase sales to meet company objectives.
Customer Service and Satisfaction:-
- To maintain a high level of customer satisfaction whilst maximising profits.
- To improve the quality of customer service and retention by enhanced facilities, improved technical skills resulting in lower cost of ownership and improved marketing methods.
- To ensure high standards of quality and workmanship.
Cost Control:-
- To maintain effective control of expenses in line with budget objectives.
- To carry out monthly examination of management accounts.
- To ensure maximum cost effective stock turnover ratios.
- To ensure all customer invoices have been prepared and submitted.
- To examine daily/weekly/monthly debtor situation ensuring collection of outstandings.
- To analyse all training requirements and related costs to provide a satisfactory staff training and development programme to assure effective staff and provide job satisfaction.
LIMITS OF AUTHORITY
- Capital Expenditure:- Limited only by resources
- Personnel:- Ultimate authority in recruitment and dismissal of Staff.
- Operational:- Authorised to operate the Company to meet shareholders’ requirements and expectations.
MAIN JOB FUNCTIONS.
Staff:-
- To establish and agree labour and staff requirements with directors and line management.
- To ensure training needs are met and accurate records kept to maximise possible grants.
- To operate staff performance appraisal system and ensure action taken on results.
- To establish and review operation of salary scales and incentive schemes.
Administration:-
- To ensure that the Company is operated correctly within the law. To review all departmental activities and reporting systems.
- To ensure Company operates incentive schemes in line with Manufacturers’ recommendations.
- To ensure that adequate safety and security measures have been installed to protect Company personnel and property.
Communications:-
- To maintain good liaison with directors and line managers.
- To ensure direct liaison with manufacturers, professional bodies, suppliers, statutory representatives and all other contacts.
Marketing:-
- To plan and oversee the completion of sales campaigns, advertising and promotional activities and to ensure their cost-effectiveness.
- To instigate research into customer satisfaction and requirements for improvement.
Finance:-
- To keep financial structure of the Company under constant review.
- To review all pricing policies, sales discounts, fleet discounts, parts pricing and labour rates.
- To monitor Labour Performance against known standards.
Qualifications and Experience
- At least 5 year experience in the same or similar role.
- Financial Qualification (Pref) or extensive financial experience. Matric / Equivalent. FICA, FAIS & CPA knowledge
Skills and Personal Attributes
- Knowledge and experience of the retail motor industry of the highest level.
- Skills, experience and knowledge of modern business methods and controls.