Finance Specialist

REINEKE FAMILY DEALERSHIPS INC•Lima, OH

8d•Onsite

About The Position

The Finance and Insurance (F&I) Specialist will be responsible for facilitating the sale of vehicles, completing transaction paperwork, running credit applications and pulling credit scores, presenting paperwork to customers, and producing additional revenue for the Dealership through the sale of F&I products and services using a compliant process.

Requirements

High school diploma or equivalent
Sales experience: 1+ year(s)
2+ years in customer service or a related field

Nice To Haves

Dealership experience: 1 year (preferred)

Responsibilities

Offer vehicle financing, service contracts, GAP, and other supplementary F&I products and services to dealership customers.
Provide customers with a thorough explanation of supplementary products and warranties, as well as a complete explanation of manufacturer and dealership procedures and policies.
Present all products available for sale to all customers in a professional manner that fully complies with applicable laws and regulations, as well as the dealership’s policies and procedures.
Work with Sales Managers and Sales Consultants in securing profit from every sale/lease.
Maintain a daily operational control log and provide F&I results to F&I Manager/Finance Director.
Complete and distribute monthly penetration reports on F&I sales.
Check all paperwork to ensure correct title and lien information, taxes, etc. and for proper completion.
Responsible for all financing and leasing rate quotes and terms.
Remit rebate forms and vouchers for deal funding.
Process finance and lease transactions and secure approval through financial sources.
Maintain a reputable, trustworthy, honest, good relationship with local banks
Understand and comply with federal, state, and local laws and regulations that affect the sale of new and used vehicles and the F&I department.
As requested by a supervisor, track and assist with the collection of amounts due from customers and with credit stipulations, spot delivered vehicles, funding, past due notes, bad checks, title/paperwork, and other items.
Responsible for appropriate cash reporting and handling including properly completing 8300 and notifying correct department head.
Keep up to date with new laws and regulations and annual compliance requirements.
Other duties assigned by management.