Dealership:L0443 Planet Honda
Planet HondaLocation: Union, New Jersey
Job Title: Finance & Insurance Manager
Reports to: General Sales Manager
Classification: Full Time; Onsite
We are looking for an Automotive Finance & Insurance Manager to wow our customers as they sell warranty and protection products with our Finance team at
Planet Honda in
Union, New Jersey. This role is a key driver of sales and finance performance, as well as being a key contributor to a satisfactory customer experience.
What You'll DoThe
Finance & Insurance (F&I) Manager is responsible for maximizing dealership profitability through the sale of finance and insurance products while ensuring a seamless customer experience and full compliance with all federal, state, lender, and OEM requirements. This role partners closely with the Sales Team to structure deals, secure lender approvals, present protection products, and maintain strong relationships with financial institutions. The F&I Manager plays a critical role in driving customer satisfaction, product penetration, and dealership profitability while upholding the highest ethical standards.
- Secure financing and leasing approvals through approved lender relationships.
- Present and sell finance and insurance products including service contracts, GAP, maintenance plans, theft protection, tire & wheel coverage, and ancillary products.
- Structure deals to maximize profitability while maintaining compliance and lender acceptance.
- Ensure accurate completion, funding, and processing of all deal documentation.
- Partner with Sales Managers and Sales Consultants to facilitate a smooth transition from vehicle purchase to contract signing.
- Maintain strong lender relationships and stay current on financing programs, rates, and incentives.
- Monitor key performance indicators including product penetration, reserve income, finance income, and customer satisfaction metrics.
- Ensure compliance with federal and state regulations including Truth in Lending, Equal Credit Opportunity Act, OFAC requirements, privacy regulations, and dealership policies.
- Maintain thorough and accurate deal jackets, funding records, and customer documentation.
- Deliver a professional, transparent, and customer-focused buying experience that supports long-term retention and referral business.
- Ensure CIT's are cleared daily for faster funding times and to prioritize customer satisfaction.
- All other duties as assigned by dealership leadership.
What You'll Bring- 3+ years of automotive F&I experience within an OEM franchise dealership.
- Demonstrated success in achieving strong product penetration and finance income performance.
- Strong knowledge of retail finance, lender programs, leasing structures, and automotive protection products.
- Working knowledge of federal, state, and dealership compliance requirements.
- Experience with dealership management systems such as CDK, Reynolds & Reynolds, Dealertrack, RouteOne, or similar platforms.
- Acceptable driving record and a valid driver's license in your state of residence.
Total RewardsTotal Comp: $140,000.00 - $300,000.00K/ salary range
This is a performance-driven position which includes a base/draw/hourly offset, and eligibility for short-term and/or long-term incentives like commission and bonus.
Actual pay offered may vary depending on skills, experience, job-related knowledge, and physical location. Final compensation will be established through the interview process in accordance with applicable pay equity and transparency laws.
We offer a comprehensive benefits package designed to support you and your family, including:- Competitive pay
- Medical, Dental and Vision Plans
- Paid Holidays & PTO
- Short and Long-Term Disability
- Paid Life Insurance
- 401(k) Retirement Plan
- Employee Stock Purchase Plan
- Lithia Learning Center
- Vehicle Purchase Discounts
- Wellness Programs
Additional information about our Total Rewards benefits can be reviewed on our careers site at www.totalrewards.lithiadriveway.com.
