What are the responsibilities and job description for the Finance & Insurance (F&I) Manager position at Mazda of Salem?
A Finance and Insurance (F&I) Manager is responsible for helping customers finance their vehicle purchase by working with lending agencies; they are also responsible for having a deep understanding of aftermarket options and warranties that can be purchased with the vehicle being sold.
Responsibilities
- Develop a comprehensive menu selling process to maximize the finance department’s overall profitability and product penetration
- Track portfolio with lenders
- Review and inspect the flow of the department’s paperwork on a daily basis to ensure a timely turnaround on all deals
- Ensure all deals are fully compliant with local, state, and federal guidelines
- Demonstrate commitment to supporting the sales department in achieving its goals
- Be an example of professional morals, ethics, and excellent customer service
- Work closely with sales team on enforcement of proper selling methods
- Set and maintain finance department work schedule
Qualifications
- Minimum high school diploma or GED equivalent
- Prior automotive experience preferred
- Excellent communication and customer service skills
- Professional appearance and work ethic
- Self-motivation
- Knowledge of regulatory and compliance requirements
- Ability to work within a fast-paced environment
- Clean driving record & valid driver’s license
Day 1 Auto Group is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.