F&I Manager Jobs

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F&I Manager

Lithia & Driveway•Farmington Hills, MI

About The Position

The F&I Manager helps customers select vehicle protection products and secures financing by working with lenders to obtain financing options. The role processes and verifies transaction paperwork, tracks receivables and funding requirements, and coordinates with customers, sales staff, and dealership leadership to complete transactions and support customer satisfaction. The position requires open availability for a flexible schedule, including evenings, weekends, and holidays. Appropriate licensing must be obtained within 90 days of hire.

Requirements

  • 1–3 years of automotive dealership finance experience.
  • Prior automotive sales closer experience.
  • Strong relationships with lenders.
  • A team player focused on exceptional customer service.
  • Ability to set and achieve targeted goals.
  • Excellent organizational skills and interpersonal communication, with working knowledge of computers.
  • Acceptable driving record and a valid driver’s license in the state of residence.
  • High school graduate or equivalent.
  • At least 18 years old.

Nice To Haves

  • CDK experience preferred.

Responsibilities

  • Present vehicle protection packages and explain their benefits to customers.
  • Build professional relationships with lenders and secure 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 DMV, and lender requirements.
  • Track deal receivables and follow up on outstanding items to collect funds 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.
  • Assist the Sales Team with customer engagement in the sales department during peak traffic times.
  • Obtain all appropriate licensing within 90 days of hire.

Benefits

  • Competitive pay with a performance-based commission plan and bonuses.
  • Medical, dental, and vision plans.
  • Paid holidays and PTO.
  • Short- and long-term disability.
  • Paid life insurance.
  • 401(k) retirement plan.
  • Employee stock purchase plan.
  • Lithia Learning Center.
  • Vehicle purchase discounts.
  • Wellness programs.
  • Advancement opportunities across a national network.
  • Leadership development and training through internal learning programs.
  • Recognition and rewards for results.

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Based on current job postings on Teal, the average F&I Manager salary in the US is approximately $143,000 per year, with a typical range of $60,000 to $250,000.
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