F&I Manager - Richmond BMW
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About The Position
The Finance & Insurance Manager's primary responsibility is to manage the financial transaction of the vehicle buying experience for each customer of the dealership. Work with lenders to obtain bank approvals for car purchases, produce the financial paperwork and consult the staff on DMV laws. The role involves working directly with the sales team and customers to assist in the financial buying process of the car buying experience, building rapport with customers to establish a base of referrals, and consulting and selling finance & insurance warranties to customers. The manager is responsible for producing and submitting accurate paperwork for title work and securing funding from finance sources in a timely manner, achieving monthly objectives, and meeting deadlines for turning in customer paperwork to lenders and accounting. Additionally, the manager must secure and handle customer money during vehicle transactions, adhere to all local and national regulations, and advise the sales team on new and recently changed state laws associated with purchasing a vehicle. The role also includes partnering with service advisors to assist customers with purchasing extended warranties, maintaining an impeccable reputation with lenders and vendors, and building relationships with local and national bank and manufacturer representatives.
