Finance and Insurance Manager
Company: Ted Britt Chevrolet
Posted on: January 9, 2022
Finance and Insurance Manager
Ongoing professional training
Excellent benefits package including
Life, Long Term Disability, Critical Illness, Accident
401(k) and profit-sharing plan with employer match
Paid Holiday, Sick and Vacation Time
Job Title: Finance & Insurance Manager
Controls the Sale: The F&I manager's job is to secure each sale
and ensure that every vehicle sold is delivered.
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
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
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
Maintains a professional appearance.
Maintains a clean and professional work environment.
Other tasks as assigned.
A successful F&I manager needs the product knowledge,
professionalism, and empathy that customers look for today.
Communication is extremely important in a business department as it
contributes to team-building with sales and the General Office.
To perform this job successfully, an individual must be able to
perform each essential duty satisfactorily. The requirements listed
below are representative of the knowledge, skill and/or ability
required. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential
Ability to read, analyze and interpret general business
periodicals, professional journals, technical procedures, or
governmental regulations. Ability to write reports, business
correspondence and procedure manuals. Ability to effectively
present information and respond to questions from groups of
managers, and customers.
Ability to add, subtract, multiply and divide in all units of
measure, using whole numbers, common fractions, and decimals.
Ability to compute rate, ratio, and percent.
Keywords: Ted Britt Chevrolet, Sterling , Finance and Insurance Manager, Accounting, Auditing , Sterling, Virginia
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