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Description
Finance and Insurance (F&I) Manager duties and responsibilities
A competent Finance and Insurance Manager has a strong understanding of the financing process and additional programs available. Their main responsibility is ensuring customers get what they need to afford a vehicle and that it’s properly protected.
Some specific duties include:
Working directly with customers to explain and recommend financing options, extended warranties, aftermarket products and other options
Finding competitive rates to encourage customers to purchase vehicles
Processing applications for vehicle financing and helping customers get approved
Verifying that all paperwork is completed correctly and filed properly
Maintaining strong relationships with lending institutions to have lots of program options and competitive rates
Seeking out new programs that benefit customers and encourage them to buy
Ensuring compliance by following all local, state and federal regulations
Training the sales team on available financing and programs to ensure they promote them to customers
A Finance and Insurance Manager works closely with both the customers and the sales team to help drive new and used car sales.
When working with customers, the F&I Manager interviews them to understand their needs, ensures they complete applications correctly and advises them on the best solutions for their situation.
They also help them fully understand all of the options, so they know what they’re agreeing to. They work closely with lenders and companies that provide extended warranties and other programs that car buyers might need. Compliance is a large part of the job since all car loans and leases must meet financial regulations.
Finance and Insurance (F&I) Manager skills and qualifications
A successful Finance and Insurance Manager candidate will have various prerequisite skills and qualifications needed for the duties, including:
Strong mathematical and finance skills
Excellent written and verbal communication skills to explain complex programs to buyers
Knowledge of financial compliance requirements
Analytical and problem-solving skills to help customers find a good deal that fits their financial situation
Advanced negotiation skills to help customers find the best rate
Strong sales and closing skills to boost sales for the dealership
Automobile industry experience and knowledge
Leadership or training skills to educate the sales staff on the available programs
Finance and Insurance (F&I) Manager experience requirements
A strong F&I Manager applicant has previous experience in auto financing, warranty programs, general finance or car sales. The candidate should ideally have three to five years of experience in a related role. Previous supervisory or management experience is also beneficial since this person takes on a leadership role at the dealership.
About Marion Chrysler Dodge Jeep Ram
Our Mission Is to Serve All Your Automotive Needs to the Letter
We understand motorists across the Appalachian Mountains expect more out of their car ownership experience.
Whether they’re buying a new car, finding financing, servicing their vehicle, or finding parts, our customers deserve exceptional customer service.
That’s why we provide the resources and friendly professional teams to meet their high expectations.
At Marion Chrysler Dodge Jeep Ram, it’s our mission to become a leader in all aspects of the automotive industry.
How do we achieve this ambitious goal? We pride ourselves on integrity and going above and beyond for each customer that steps foot into our Chrysler Dodge Jeep Ram dealership in Marion, NC.
We pledge to do so by providing a world-class, enjoyable and trustworthy experience for our clients and employees while being mindful of the environment and serving our community in Marion.
We’re proud to serve all the automotive needs of drivers from Marion, Morganton, Asheville, and everywhere in between. Let us breathe life into your ownership experience
Pay:
$150000 – $250000 / year
Benefits:
Flexible schedule
Health insurance
Dental insurance
Vision insurance
Life insurance
Employee discount
Job types:
Full-time
Education:
No education required
Work location:
On-site
