What are the responsibilities and job description for the BMW F&I Manager position at Tulley Automotive Group?
Description
Job Summary:
As an F&I Manager you will assist clients in the finance process of their vehicle purchase, inform clients what special offers or sales their car qualifies for, and upsell add-ons like additional service or extended warranties.
Essential Duties and Responsibilities:
- Secures finance and lease contract approvals submitted by dealerships through a portfolio of lenders;
- Establishes and maintains a high level of communication with dealerships regarding retail lending activity, approval status and finance reserve margins;
- Oversees activities so that applications for financing are reviewed, recorded, forwarded to the optimal indirect lending institution, approved and the status communicated in a timely fashion;
- Maintains an understanding of all retail lender agreements and process requirements;
- Maintains documented detail of lender agreements including the method of reserve payment and limits of liability;
- Verifies that the correct cost of funds and retail finance reserve calculation is used to recognize and record revenue;
- Provides a thorough explanation of benefits that come with vehicle protection programs;
- Establish and maintain lender relations;
- Performs other related duties consistent with the role and function of the specification as assigned.
Requirements
- Excellent verbal and written communication skills;
- Excellent time management skills;
- Excellent organization skills and attention to detail;
- Comprehensive knowledge of retail loan processing with lending institutions;
- Ability to perform a wide variety of duties and responsibilities with accuracy and speed under the pressure of deadlines;
- Ability to work well in a team environment with others;
- Ability and willingness to quickly learn and put to use new skills and knowledge brought about by rapidly changing information and/or technology.
Tulley Advantage:
- Competitive Compensation;
- Paid Time Off: Vacation Time | Personal Time | Holiday Time
- 401(k) plan with dealer contribution;
- Employee Assistance Program (EAP);
- Insurance: Medical, Dental, Vision, Accident
- Disability Coverage: Short Term & Long Term
- Voluntary Life and AD&D Coverage;
- Employer Paid Life Insurance Policy.
Tulley Automotive Group, Inc. is committed to attracting and retaining a talented and diverse workforce that supports our culture of customer service and automotive excellence. Tulley is a family-owned business and has been a trusted name in the local business community since 1957. We provide our team members with a variety of career opportunities that promote personal growth & learning, work-life balance, and equality.
Equal Opportunity Statement:
Tulley Automotive Group is an equal opportunity employer! We are committed to creating an environment that celebrates all of our individualistic differences and provide an equal employment opportunity to all applicants and employees within our organization.