Job Description
Job Description
As a Finance / Business Manager (also referred to as the F&I Manager), it is your responsibility to sell both new and used car buyers financing and insurance programs by working with financial lenders to give fair interest rates to buyers. The Finance / Business Manager secures acceptable financing for customers requesting it through one of the dealership's lending sources; and they strive to secure each sale and ensure that every vehicle sold is delivered. All the while maintaining control of all the paperwork until it is ready to be turned in to the Accounting Office.
Job duties:
- Offering vehicle financing and insurance to customers and providing them with an in-depth explanation of aftermarket products, extended warranties, and a complete explanation of manufacturer and dealership service procedures and policies.
- Seeking new lending institutions and maintaining good working relationships to secure competitive interest rates and financing programs.
- Processing financing and leasing deals accurately and securing approval via financial sources
- Understanding and complying with federal, state, and local regulations that affect the dealership
- Creating and maintaining a program with the sales department that will ensure all new sales are referred to the Finance department
- Responsibilities:
- Monitor dealership assets and ensure that all money is accounted for in every deal. This entails checking rebates, collecting all money for each deal, handling customer cancellations/complaints as well as loading all customer information/printing paperwork
- Protect and improve customer retention by supplying everyone with an equal opportunity to protect their investment. This involves building menus, and demonstrating the benefits of each product for the customer
- Keep track of all paperwork: On a dealership finance deal, control is kept until the loan is approved and all the necessary paperwork has been signed. On cash deals, the Finance / Business Manager maintains control until all the money is accounted for, all checks are received and funds have been verified. On an outside finance deal, the Business Manager maintains control until a draft has been delivered and drafting instructions have been made available
- Complete the Paperwork: The Finance / Business Manager is responsible for all paperwork involved with the sale of the vehicle. This means obtaining customer signatures on all necessary forms and obtaining payoff and insurance information
Requirements:
- Understand and keep updated with Federal, State, and Local regulations that affect the car dealership
- Technologically Proficient
- Professional appearance
- Solid communication skills both written and verbal
Store Hours:
Monday to Thursday 9am to 7pm
Friday 9am to 6pm
Saturday: 9am to 5pm
Sunday Closed
One weekday scheduled off.
Job Type: Full-time
Pay: $180,000.00 - $250,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee discount
- Health insurance
- Life insurance
- Paid time off
- Professional development assistance
- Vision insurance