What are the responsibilities and job description for the F&I Manager position at Foundation Automotive Corp?
Foundation Automotive is looking for a Finance and Insurance (F&I) Manager that executes finance and insurance contracting and product sales for the dealership. The F&I Manager is responsible for attaining unit sales objectives and generating additional revenue through F&I products on a consistent basis.
Essential Duties and Responsibilities
- Offer and sell finance and insurance products including but not limited to financing, special financing, extended warranties and aftermarket products
- Attain monthly and annual budgeted product sales, gross profit objectives taking action to meet or exceed department objectives
- Ensure customer satisfaction throughout the F&I process
- Adhere to dealership F&I policies and procedures established by the corporate office as well as generally accepted industry principles
- Compliance with local, state and federal regulations
- Ensure applicable controls are in place to monitor F&I practices and to safeguard dealership assets and customer data
- Efficiently transition customers from sales to finance during the vehicle purchase process
- Determine customer financing needs through consultative analysis
- Present financing option quotes and products to enhance the customer’s ownership experience
- Stay informed of current product knowledge to effectively recommend financing options and products to customers
- Establish and maintain key relationships with lenders
- Process finance transactions, lender approvals, contracts in transit to fulfill the contracting process in a timely and efficient manner
- Continued focus on achieving and maintaining above average F&I penetration rates for extended warranties, service contracts and additional products
- Maintain professional personal appearance
- Adhere to consistent and reliable work schedule
- Demonstrate ethical business practices and integrity in all interactions to uphold the Foundation Automotive brand
- Effectively perform duties and responsibilities in a safe manner
- Other duties as assigned
Qualifications
- Experience as a F&I Manager or similar position in a dealership environment
- Bachelor's Degree in Finance or related, preferred
- Ability to sell a minimum product quota according to dealership standards
- Successful completion of pre-employment screening
- Authorization to work in the USA
- Valid Driver’s license and acceptable driving record
Salary : $100,000 - $150,000