Finance Manager
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Job Location:
Metairie, LA - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Automotive Finance and Insurance (F&I) Manager
We are seeking an experienced results-focused Automotive Finance and Insurance Manager to join our dynamic team. The ideal candidate has a strong background in financial services and dealership operations with a passion for customer service and high ethical standards. The F&I Manager is responsible for securing vehicle financing for new and used car buyers and selling finance and insurance products while ensuring regulatory compliance.
Responsibilities
- Financing and Sales: Manage all financing aspects of vehicle purchases presenting and selling financial products and services such as financing extended warranties and aftermarket products.
- Lender Relations: Establish and maintain strong working relationships with financial institutions and lenders to secure competitive interest rates and financing programs for customers.
- Compliance and Ethics: Adhere to all federal state and local regulations that affect vehicle sales and financing including the Truth in Lending Act (TILA) Fair Credit Reporting Act (FCRA) and Title laws.
- Paperwork and Documentation: Accurately process and submit all transaction-related paperwork including loan and title documents in a timely and efficient manner.
- Sales and Training: Collaborate with the sales team to structure deals and provide ongoing training on finance and lease programs to maximize dealership profitability.
- Customer Satisfaction: Cultivate customer relationships and maintain a high customer satisfaction index (CSI) by clearly explaining financing and insurance options and resolving any related issues.
- Reporting and Analysis: Track and report on key performance indicators including finance penetration profitability metrics and contracts in transit (CITs).
Qualifications:
- Experience: A minimum of 23 years of F&I manager or automotive sales experience is typically required.
- Education: A high school diploma or GED is required but a bachelors degree in finance business or a related field is often preferred.
- Certification: AFIP or equivalent certification is a plus.
- Skills:
- Excellent communication and negotiation skillsto interact with customers lenders and team members.
- Strong mathematical and financial analysis skillsto structure deals and analyze credit reports.
- Proficiency with dealership software such as Dealer Management Systems (DMS) and other computer programs.
- Highly organized and detail-oriented with a focus on compliance.
- Other Requirements:
- Valid drivers license and a clean driving record.
- Ability to work in a fast-paced environment and handle a high volume of transactions.
Required Experience:
Manager
Key Skills
- Cognos
- Forecasting
- Hyperion
- Dealership Experience
- QuickBooks
- Accounting
- Corporate Finance
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Management
- Financial Planning
About Company
As a Service Advisor, you will own our customer’s experience in the service lane. You are the first point of contact with our customers and will be well-versed ...
