What are the responsibilities and job description for the F&I Manager - Luxury Dealership Chicago, IL position at Peak Performance Team?
F&I Manager - Luxury Dealership Chicago, IL
This is an incredible opportunity for an experienced professional who is excited by automotive F&I and passionate about customer service. We are currently seeking an F&I manager to join our amazing team. We need a leader with a strong focus on compliance requirements and product knowledge, who can train bright new talent, clearly communicate product features and benefits, and who can confidently close the sale.
Job Responsibilities
- Contract new business, sell and close deals
- Generate finance income on all sold customers
- Check/verify paperwork involved with cash, finance or loan transactions
- Contract or collect all money at closing
- Seek bank approval on financed and leased deals
- Maintain a working knowledge of leases, “balloons”, etc.
- Promote Credit Life/Accident & Health sales
- Assist in acquiring approval from lenders
- Understand all programs and rate options offered by our lenders
- Solicit extended warranty sales (aftermarket)
- Handle all cancellations for extended warranties and credit life
Must be proficient at the following:
- Deep understanding of building a strong deal structure from beginning to end
- Obtaining loan approvals that maximize profitability
- Strong ability to present and close all F&I products ( VSC, Gap, Tire&Wheel, and all ancillary products)
About Us
At Peak Performance Team, our core philosophy is that leaders should have the freedom to make their own decisions regarding the products they offer and how they handle claims. We accomplish this by creating customized, wealth-building purchase and protection products, previously available only to administrators and the largest franchise dealer groups and bring them to all dealerships..and we’ll train your staff in the best ways to present and sell the products to maximize your profits and create a satisfied customer-base who will not only return for future purchases but will also sell YOU to their families and friends. We’ll make you their hero!
PPT staff is comprised of industry experts dedicated to their craft. As real-world professionals who have spent years working in dealerships, insurance companies, and TPA’s; we have become true subject matter experts in sales and marketing, captive and risk management, product design, and more. We understand the complexities and challenges that dealers face. That’s why we’ve made it our revenue rather than lining the pockets of a corporate administrator.
