F&I (Finance & Insurance) Manager

Description of the role:

The F&I (Finance & Insurance) Manager is a vital member of the Krause Auto Group team located in the West Palm Area, Florida. This role is responsible for managing and overseeing all aspects of finance and insurance operations in the dealership. The F&I Manager will work closely with customers, sales staff, and lenders to ensure a seamless and efficient buying experience for customers and maximize profitability for the dealership.

Responsibilities:

• Offer exceptional customer service and build strong relationships with customers
• Assist customers in selecting the right financing options and insurance products
• Negotiate with lenders to secure the most favorable interest rates and terms for customers
• Complete all necessary paperwork and documentation accurately and efficiently
• Comply with all federal, state, and local regulations related to finance and insurance
• Train and educate sales staff on finance and insurance processes
• Monitor and analyze financial performance metrics to identify areas for improvement

Requirements:

• Prior experience working in automotive finance and insurance
• In-depth knowledge of finance and insurance products and services
• Familiarity with relevant laws, regulations, and compliance requirements
• Excellent communication and negotiation skills
• Strong attention to detail and accuracy
• Ability to work well in a team environment

Benefits:

• Competitive salary ranging from $125,000 to $250,000 per year
• Comprehensive health, dental, and vision insurance
• 401(k) retirement plan with company match
• Paid time off and holidays
• Employee discounts on vehicle purchases and services

About the Company:

Krause Auto Group is a renowned automotive dealership specializing in quality vehicles and exceptional customer service. With multiple locations in the West Palm Area, Florida, we pride ourselves on our knowledgeable and dedicated team. We are committed to providing our customers with a seamless and enjoyable car-buying experience while maintaining a positive and supportive work environment for our employees.

The Krause Auto Group has been in business for over 30 years, and we contribute our longevity to our focus on both customer and employee satisfaction. Our employees are not just a number. We acknowledge and support every employee regardless of position and care for everyone individually. We love to help people grow, promote from within, and celebrate individual success stories! We offer great opportunities to grow with our company portfolio which consists of 12 brands (BMW, Mercedes, Ford, Lincoln, Hyundai, Genesis, Lamborghini, Aston Martin, Rolls Royce, Koenigsegg, Mclaren, and Lotus) across 4 states (Georgia, South Carolina, North Carolina, and Florida)

What we offer: 

• Free Health Insurance Option Available
• 401k Match Options Available
• HSA company match contribution
• Dental and Vision Insurance Available
• Paid Vacations, Holiday Pay, PTO pay
• Career advancement opportunities, promote from within
• Discounts on products and services
• Family owned and operated
• Long term job security

• Provide recommendations and assistance to customers in order to arrange the financing of their purchases. Present customers with additional product offerings to enhance their vehicle and ownership experience
• Ensure sales are structured to produce the highest profitability
• Maintains proficiency and certifications as required for the position
• Accurately desks deals, submits deals to lenders for approval, makes credit decisions, and effectively closes deals
• Ensure every deal is fully aligned with local, state and federal guidelines
• Prepares paperwork, contracts and delivers deals
• Accurately audit team deals Post-Sale and deeply analyze for improvements
• Guarantee the expeditious funding of all contracts

• Eagerness to improve
• College degree preferred or equivalent experience
• Knowledge of dealership finance and insurance procedures
• Proficient at structuring deals for maximum profitability
• Well-versed in title laws and registration process
• Professional personal appearance and extraordinary verbal/written communication skills
• Expertise in negotiation and presentation skills
• Valid driver’s license