Automotive Finance & Insurance Manager
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About The Position
The Finance & Insurance (F&I) Manager at Honda of Cleveland Heights plays a crucial role in the dealership by managing the financing and insurance programs for both new and used car buyers. This position is responsible for selling financing options and insurance products, ensuring that customers receive fair interest rates and suitable programs from financial lenders. The F&I Manager must uphold the highest ethical standards, maintaining the dealership's reputation while also focusing on profitability and customer satisfaction. This role requires a balance between managing departmental expenses and maximizing revenue through effective sales strategies. In addition to selling financing and insurance products, the F&I Manager is expected to collaborate closely with various stakeholders, including customers, dealership staff, and finance and insurance vendors. Strong communication skills are essential for this position, as the F&I Manager must effectively convey complex financial information to customers and negotiate favorable terms with lenders. The role also involves overseeing the loan processing procedures, ensuring compliance with all regulatory requirements, and providing exceptional service to enhance customer experience. The ideal candidate will have a solid background in automotive sales and dealership management, with a minimum of two years of experience in a similar role. A college degree or equivalent experience in finance is preferred, along with a strong foundation in business, mathematics, and marketing. The F&I Manager must be adept at using computer systems for financial transactions and reporting, and should be prepared to work in a fast-paced environment that may require weekend availability as needed.
