Automotive Finance Manager
About The Position
The Automotive Finance Manager (F&I Manager) assists new and used car buyers with their financing and product needs. F&I Managers work with our financial lenders to acquire approvals and funding for their clients and the dealership. As with all positions within our dealerships, F&I managers are expected to uphold the highest ethical standards and follow the Federal Safeguard and Red Flag rules and standards. Offering vehicle financing to customers and providing them with a thorough explanation of aftermarket products and extended service agreements with a complete explanation of manufacturer and dealership benefits, service procedures, and policies Preparing & processing financing and leasing deals accurately Securing approval through financial sources and complying with the proper federal & state regulations Training and providing the sales team with information on finance and lease programs and the benefits of the dealership's financing and extended service programs Staying up-to-date of the department's contracts in transit ensuring timely cash flow
Requirements
- These managerial positions are required to maintain the profitability of their department while controlling expenses and maintaining customer satisfaction
- F&I Managers are required to understand and keep abreast of the federal, state, and local regulations that affect their operations
- Valid Drivers License and clean driving record
- Must consent to and pass a drug/background screen
Responsibilities
- Offering vehicle financing to customers and providing them with a thorough explanation of aftermarket products and extended service agreements with a complete explanation of manufacturer and dealership benefits, service procedures, and policies
- Preparing & processing financing and leasing deals accurately
- Securing approval through financial sources and complying with the proper federal & state regulations
- Training and providing the sales team with information on finance and lease programs and the benefits of the dealership's financing and extended service programs
- Staying up-to-date of the department's contracts in transit ensuring timely cash flow
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
Number of Employees
1,001-5,000 employees
