Automotive Finance (F&I) Manager

Overview:

The Finance & Insurance (F&I) Manager is responsible for assisting clients with their financing needs and offering insurance programs to new and used car buyers, and also works with financial lenders to give fair interest rates to buyers and programs. Automotive Finance managers are expected to uphold the highest ethical standards while producing profits that meets or exceeds dealership forecast.

Duties and Responsibilities:

• The Finance Manager works with the General Manager and/or General Sales Manager to determine which lenders and suppliers of finance products will best be able to meet the criteria set by the Finance Department.
• Requires direct interaction with the customer.
• After establishing a rapport with the customer, the finance manager reviews the customer’s credit application and credit report and discusses the available finance options to meet their needs.
• The Finance Manager presents available product options to the customer, such as vehicle service agreements, paint protection, key replacement, and other programs designed to protect the customer’s investment.
• Minimizes chargeback liabilities by thoroughly explaining F&I options and products, disclosing all aspects of the sale, including finance charges and interest rates.
• The Finance Manager prepares the delivery documentation, including the preparation of the loan documents, DMV paperwork and other legal forms required by state and federal regulatory bodies.
• Ensures that all finance paperwork is fully compliant with local, state and federal guidelines prior to submitting completed documentation to lenders for approval.
• Checks all deals for proper documentation before sent into accounting.
• Ensures the expeditious funding of all contracts.
• Structures deals for maximum profitability and collectability.
• Consistently meets monthly objectives and maintains back end gross average as forecasted.
• Maintains required certifications and licensing for the position.
• Ensures compliance with applicable laws and regulations.
• Has a team first approach
• Participates in new hire training

Requirements

Ability to read and comprehend instructions, communicate well verbally and in writing, manage time effectively, and be detail oriented. Excellent customer handling skills and computer skills. Basic automotive knowledge. Maintain a professional personal appearance.

Prior Finance & Insurance experience required from a licensed automotive dealership. Must have a valid driver's license.

Benefits

Competitive compensation package: Medical and dental for employee and family, Short-term and Long-term disability, Paid Vacations and Holidays, Employee discounts, 401(k) Plan

Education: High school diploma or equivalent

Keywords: Automotive, automotive finance, finance manager, finance and insurance manager, F&I

Job Type: Full-time

Pay: From $100,000.00 per year

Work Location: In person