What are the responsibilities and job description for the Automotive Finance Manager position at COMMERCE CHEVROLET BUICK?
F&I Manager - Summary
The F&I Manager (Finance Manager) structures car deals for clients with average to above credit, in compliance with finance lender guidelines and auto dealership policy, resulting in quick funding, and a high level of customer satisfaction.
F&I Manager - Essential Duties
- Knows and implements dealership policies and procedures.
- Maintains a clean and organized office.
- Communicates all problem deals to management immediately.
- Addresses missing stipulations communicated from lender immediately.
- Adheres to a standard of professional ethics and is respectful to customers.
- Knowledgeable in state regulations regarding finance and the Fair Credit Reporting Act.
- Interacts with appropriate departments.
- Train and supervises sales staff of any changes in regulations and the Fair Credit Reporting Act.
- Structures deals in accordance with lender and dealership guidelines.
- Never intentionally misrepresents a deal.
- Books out deals accurately. Never misrepresents equipment.
- Performs credit interview, prepares credit application.
- Verifies accuracy of all material information on the credit application and submits to lender.
- Maintains confidentiality of customer information.
- Discloses financial information to customers.
- Sells credit insurance and service contracts.
- Maintains good lender relations.
- Maintains a lender guide of programs currently used and obtains a working knowledge of them.
- Evaluates new lender programs.
- Goes over deals with lenders. Works all deals diligently.
- Maintains current inventory log and makes recommendations to management.
- Helps move old inventory.
- Maintains a call-in log and contracts in transit log (funding package).
- Trains administrative personnel on assembling funding packages.
- Reviews funding packages prior to mailing.
- Shows and demonstrates vehicles when necessary.
- Designs and places advertising for special finance.
- Analyzes credit reports, able to recognize a conventional deal and turns over accordingly.
- Properly cost special finance deals (prepares profit sheets).
- Receipts deposits immediately.
- Other tasks as assigned.
Job Type: Full-time
Pay: $69,494.41 - $152,604.05 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee discount
- Flexible schedule
- Health insurance
- Health savings account
- Paid time off
- Tuition reimbursement
- Vision insurance
Schedule:
- 8 hour shift
Supplemental Pay:
- Bonus opportunities
- Commission pay
Experience:
- automotive finance: 1 year (Required)
Work Location: In person
Salary : $69,494 - $152,604