Finance and Insurance (F&I) Manager
The Finance and Insurance (F&I) Manager will play a pivotal role in the sales process by offering financing options, securing approvals, and presenting additional products and services to enhance the ownership experience. The ideal candidate will have a strong background in automotive financing, exceptional customer service skills, and the ability to work in a high-performance, luxury environment. Key Responsibilities: Finance & Insurance Operations:
- Collaborate with the sales team to ensure seamless transitions for customers from vehicle selection to the financing process.
- Present financing options, extended warranties, protection plans, and other F&I products to customers in a clear and compelling manner.
- Secure financing approvals through established lender relationships, ensuring competitive terms and compliance with all lending requirements.
- Prepare all necessary documentation for vehicle financing, leasing, and insurance, ensuring accuracy and adherence to legal and dealership standards.
- Calculate financing terms, including taxes, interest rates, and fees.
- Build strong relationships with lending institutions, insurance providers, and other partners to secure favorable terms and maintain positive partnerships.
- Deliver an exceptional customer experience by clearly explaining financial products and processes, addressing customer concerns, and ensuring satisfaction.
- Build and maintain trust with customers, ensuring transparency and professionalism throughout the F&I process.
- Provide ongoing support to customers regarding financing, warranties, and insurance inquiries.
- Ensure all F&I product offerings and financial transactions comply with federal, state, and local laws and regulations, including but not limited to Truth in Lending (TILA) and Fair Credit Reporting Act (FCRA)
- Maintain accurate documentation of all deals, finance contracts, and aftermarket product agreements, ensuring full audit readiness.
- Conduct regular internal reviews of F&I processes to identify and correct non-compliant practices or documentation errors.
- Generate and submit timely reports to dealership leadership and manufacturer partners regarding F&I performance, product penetration, and regulatory compliance metrics.
- Oversee the secure handling and storage of customer credit information and financial documentation, adhering to data privacy protocols.
- Coordinate with external auditors or regulatory agencies during inspections or compliance reviews, ensuring full cooperation and transparency.
- Minimum of 5 years of luxury automotive sales as an F&I Manager.
- Comprehensive knowledge of automotive financing, leasing, and insurance products.
- Exceptional interpersonal and communication skills, with the ability to build rapport with high-net-worth clientele.
- Strong business acumen and understanding of the luxury automotive market.
- Strong attention to detail and organizational skills.
- Proven ability to meet and exceed sales targets and profitability goals.
- Proficiency in CRM systems and dealership management software.
- Valid driver’s license and clean driving record.
- Ability to sit, stand, and walk for extended periods.
- Must be able to occasionally lift and carry up to 20 pounds.
- Visual and auditory ability to use computer systems and communicate effectively with customers and team members.
- Medical, Dental, and Vision Insurance
- Supplemental Benefits: Access to additional benefits such as accident insurance, critical illness insurance, and more.
- 401(k) Plan: Generous employer match and a range of investment options to help you plan for retirement.
- Paid Time Off (PTO): Flexible PTO to use for personal time, or illness.
- Vacation: Paid vacation days to recharge and enjoy time away from work.
- Holidays: Paid holidays to celebrate with family and friends.
- Birthday Off: A paid day off to celebrate your special day.
- Closed Sundays: Enjoy a day off every Sunday for work-life balance.
- And Much, Much More: Additional perks and benefits to enhance your overall employee experience.
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