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Finance & Insurance Manager - Full-time
•30 days ago
| Hours | Full-time |
|---|---|
| Location | Panama City, FL 32401 Panama City, Florida |
About this job
The Finance & Insurance (F&I) Manager sells new and used car buyers financing and insurance programs.
F&I managers also work with financial lenders to give fair interest rates to buyers.
As with all positions within a dealership, F&I managers are expected to uphold the highest ethical standards, protect the dealer’s assets, deliver the vehicle and protect the gross profit.
Job Duties
* Offer vehicle financing and insurance to customers and provide them with a thorough explanation of aftermarket products and extended warranties as well as manufacturer and dealership service procedures and policies
* Maintain good working relationships with lending institutions to secure competitive interest rates and financing programs
* Process finance and lease deals accurately and secure approval through financial sources through the proper federal, state and corporate channels
* Understand and comply with federal, state and local regulations that affect the new and used-vehicle and finance departments
* Create and maintain a program with the sales department that will ensure all new sales are referred to the F&I department
* Train and provide the sales team with information on finance and lease programs and the benefits of the dealership’s financing and extended service programs
Job Requirements * It is recommended that the finance and insurance manager have a minimum of two years of automotive finance experience
* Managerial positions are required to maintain the profitability of their department while controlling expenses and maintaining customer satisfaction
* Managers are required to understand and keep abreast of the federal, state, and local regulations that affect their operations
* F&I managers require strong communication skills in order to serve customers, employees and vendors as they represent the dealership
* Employees working within the automotive retail industry often have to work extended hours, evenings and weekends to achieve their goals
Education Requirements * A college degree or equivalent experience in finance is preferred
* A strong background in business, mathematics, marketing and computers is also usefulPandoLogic. Keywords: Automotive F&I Manager, Location: Panama City, FL - 32401
F&I managers also work with financial lenders to give fair interest rates to buyers.
As with all positions within a dealership, F&I managers are expected to uphold the highest ethical standards, protect the dealer’s assets, deliver the vehicle and protect the gross profit.
Job Duties
* Offer vehicle financing and insurance to customers and provide them with a thorough explanation of aftermarket products and extended warranties as well as manufacturer and dealership service procedures and policies
* Maintain good working relationships with lending institutions to secure competitive interest rates and financing programs
* Process finance and lease deals accurately and secure approval through financial sources through the proper federal, state and corporate channels
* Understand and comply with federal, state and local regulations that affect the new and used-vehicle and finance departments
* Create and maintain a program with the sales department that will ensure all new sales are referred to the F&I department
* Train and provide the sales team with information on finance and lease programs and the benefits of the dealership’s financing and extended service programs
Job Requirements * It is recommended that the finance and insurance manager have a minimum of two years of automotive finance experience
* Managerial positions are required to maintain the profitability of their department while controlling expenses and maintaining customer satisfaction
* Managers are required to understand and keep abreast of the federal, state, and local regulations that affect their operations
* F&I managers require strong communication skills in order to serve customers, employees and vendors as they represent the dealership
* Employees working within the automotive retail industry often have to work extended hours, evenings and weekends to achieve their goals
Education Requirements * A college degree or equivalent experience in finance is preferred
* A strong background in business, mathematics, marketing and computers is also usefulPandoLogic. Keywords: Automotive F&I Manager, Location: Panama City, FL - 32401