Job Description

Subprime Financing Manager

Location:

Scarborough, ON

Company:

Octane Used Cars

About the Role

We are seeking an experienced and motivated

Subprime Financing Manager

to join our team. The ideal candidate is a specialist in subprime automotive financing, with a proven track record of buying, managing, and working leads from start to finish. This role is critical in driving approvals, maintaining lender relationships, and maximizing profitability while ensuring compliance with all regulatory standards. As part of our team, you'll also have access to our

200+ vehicle inventory

to support your sales success.

Key Responsibilities

Lead and manage the subprime financing process from application to funding. Maintain and grow relationships with subprime lenders, banks, and credit unions. Review and submit credit applications, ensuring accuracy and compliance with OMVIC and privacy regulations. Negotiate terms and approvals with lenders to maximize approvals and gross profit. Educate customers on financing options, down payments, and credit rebuilding opportunities. Train and support sales team members on subprime financing best practices. Track approvals, funding timelines, and deal performance to meet monthly targets.

Qualifications

Minimum 2 years of experience

in

subprime automotive financing

. Proven experience in

buying and working leads from start to finish

. Valid

OMVIC license

(mandatory). Strong understanding of lender requirements, credit bureau reports, and deal structuring. Excellent communication and negotiation skills. Proven ability to build trust with customers and successfully close challenging deals. Detail-oriented with strong organizational skills. Self-motivated and able to work independently in a fast-paced environment.

Compensation & Benefits

Competitive commission structure

plus

performance-based bonuses

. Access to an

inventory of over 200 vehicles

to sell. Established dealership with strong lender support and high lead volume. Growth opportunities within a fast-expanding automotive group. Supportive team environment.
Job Type: Full-time

Pay: $61,307.91-$150,623.17 per year

Experience:

Car financing: 2 years (required)
Licence/Certification:

OMVIC (required)
Work Location: In person