F&I Manager

Lithia & Driveway•Grapevine, TX

4d•Onsite

About The Position

Grapevine Honda is seeking a motivated Finance & Insurance (F&I) Manager to support customers through the vehicle financing process at its onsite dealership in Grapevine, Texas. The role reports to the lead F&I Manager and is estimated to involve approximately 55 hours per week. Average pay is listed as $100,000–$250,000. The F&I Manager presents vehicle protection products, helps customers obtain financing, works with lenders, processes and checks transaction documentation, and coordinates with sales staff to complete transactions to customers’ satisfaction. The position also includes tracking receivables and funding requirements, participating in store meetings, and assisting the sales team with customer engagement during peak traffic. Grapevine Honda is part of Lithia & Driveway, which describes its focus as creating simple, transparent, and convenient customer experiences throughout the vehicle-ownership lifecycle. The employer states that it is a drug-free workplace, is committed to equal employment opportunity, and may provide reasonable accommodations to enable individuals to perform essential functions.

Requirements

At least 2 years of professional work-setting or company experience.
Ability to solve basic mathematical calculations.
Acceptable driving record.
Valid driver’s license in the state of residence.
High school graduate or equivalent.
Must be 18 years or older.

Responsibilities

Present vehicle protection packages and explain products and their benefits to customers.
Build professional relationships with lenders and work with them to secure suitable financing for customers.
Submit deals electronically to banks using the appropriate dealer system.
Enter transactions into ADP and bank approval systems.
Process transaction paperwork and ensure it is accurate and meets office, state-specific DMV, and lender requirements.
Track deal receivables and follow up on outstanding items to collect all money and satisfy bank stipulations for contract funding.
Participate in store meetings, including Sales Receivables, Save-a-Deal, and Store Manager meetings.
Work with the sales team and sales managers to complete transactions to customers’ satisfaction.
Follow up with customers about purchased products that require customer action, such as applying protective coating.
Assist the sales team with customer engagement in the sales department during peak traffic times.