Experienced Finance Manager

Phil Long Honda of Glenwood SpringsGlenwood Springs, CO
19h$120,000

About The Position

The F&I manager's job is to secure each sale and ensure that every vehicle sold is delivered.

Requirements

  • A successful F&I manager needs the product knowledge, professionalism, and empathy that customers look for today.
  • Must possess excellent communication skills and be detail oriented.
  • Two to four years of automotive experience required.
  • To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

Responsibilities

  • Protects gross profit by arranging financing so outside sources do not have an impact on selling margins.
  • Establishes lender relations that tie the customer closer to the dealership.
  • Generates additional income through the sales of credit insurance, vehicle service contracts, GAP coverage and maintenance plans.
  • Maintains control of all paperwork until it is ready to be turned into the general office.
  • Responsible for all paperwork involved with the sale of the vehicle, including obtaining customer signatures and securing payoff and insurance information.
  • Converts cash deals to finance.
  • Establishes and maintains good working relationships with several finance sources, including the manufacturer.
  • Processes finance and lease deals accurately and fairly through financial sources to secure approval.
  • Conducts business in an ethical and professional manner.
  • Processes all federal, state and dealer paperwork related to vehicle transaction.
  • Understands and complies with federal, state and local regulations that affect the new- and used-vehicle and finance departments.
  • Completes paperwork necessary for vehicle sales and leases in a timely and efficient manner.
  • Checks all paperwork for correct title, lien information, taxes etc., before forwarding to accounting.
  • Acquires and maintains current state insurance license, completing continuing credit insurance education as needed.
  • Provides customers with complete explanation of manufacturer and dealership service procedures and policies.
  • Manages the alternative finance source program to ensure that several sources are available.
  • Seeks insurance companies for insurance paper.
  • Maintains insurance files.
  • Sets up and maintains a program that will ensure 100 percent turnover to the F& I department.
  • Provides sales force and sales managers with current information about finance and lease programs continually.
  • Trains the sales staff regarding the benefits of financing, insurance and extended service programs.
  • Works with sales managers to secure a reasonable profit from every sale.
  • Coordinates finance forecasting with sales department forecasting to achieve desired levels of penetration and income.
  • Ensures collection of all finance and insurance fees.
  • Takes all credit applications.
  • Prepares reports on finance penetration.
  • Attends managers meetings.
  • Handles all rate quotations.
  • Develops and monitors guidelines for working with customers to ensure maximum customer satisfaction.
  • Supervises and trains designated backup to ensure continued efficiency and profitability in the F& I manager's absence.
  • Maintains an adequate and current supply of all required contracts and paperwork needed for completion and finalization of car deals.
  • Maintains a professional appearance.
  • Maintains a clean and professional work environment.
  • Other tasks as assigned.

Benefits

  • Medical
  • Dental
  • Vision
  • PTO
  • 401k
  • FSA/ HSA
  • Basic Life Insurance
  • Short Term/ Long Term Disability
  • Legal Insurance
  • Employee Assistance Fund
  • Onsite Fit Factories
  • Wellness Clinics
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