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
Qualifications
- Dealership experience
- Negotiation skills
- Basic math proficiency
- Customer service experience
- Loan processing knowledge
- Understanding of TILA regulations
- Sales experience
- Credit analysis skills
- Customer relationship management abilities
- Financial services background
- Experience as a loan officer
- Upselling skills
- Knowledge of contracts
- Proficiency in 10 key typing
- Title processing experience
- Strong math skills
- Previous experience in automotive sales
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee discount
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Paid training
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
- Rotating weekends
Supplemental pay types:
- Bonus opportunities
- Commission pay
Ability to Relocate:
- Bemidji, MN 56601: Relocate before starting work (Required)
Work Location: In person