What are the responsibilities and job description for the Automotive Finance Manager - Sales and Insurance Expert position at Preston Automotive Group?
Preston Automotive Group, a President's Award-winning organization, seeks an experienced Automotive Finance & Insurance (F&I) Manager to oversee all finance and insurance activities within the dealership.
The ideal candidate will be responsible for ensuring compliance with regulations, maximizing profitability, and providing exceptional customer service.
Key Responsibilities:
- Manage finance and insurance operations, including financing, leasing, and insurance products.
- Develop relationships with lending institutions and insurance companies to secure competitive rates.
- Collaborate with sales personnel to structure deals that meet customers' needs and maximize dealership profitability.
- Review customer credit applications and financial information to determine financing options and secure approvals.
- Present finance and insurance options to customers, explain terms and conditions, and assist in selecting appropriate products and services.
- Ensure compliance with federal, state, and local regulations governing automotive finance and insurance activities.
- Monitor and analyze finance and insurance performance metrics, identify areas for improvement, and implement strategies to optimize department profitability.
- Handle customer inquiries, concerns, and complaints related to finance and insurance products in a professional and timely manner.
- Stay updated on industry trends, regulatory changes, and best practices in automotive finance and insurance.
Requirements:
- Commitment to live our company's Core Values of Integrity, Teamwork, Attention to Detail, Urgency, Personal Growth, and Community.
- Minimum of 2-5 years of experience in automotive finance and insurance management preferred.
- Proven track record of success in maximizing dealership profitability and customer satisfaction.
- Strong understanding of finance and insurance products, regulations, and compliance requirements.
- Excellent communication, negotiation, and interpersonal skills.
- Ability to work effectively in a fast-paced, team-oriented environment.
- Proficiency in dealership management systems (CDK experience a plus) and finance software applications.
- Relevant certifications (e.g., AFIP, F&I Manager Certification) preferred.
