F&I (Finance & Insurance) Manager

Mercedes-Benz of Oakland

$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Eagerness to improve and develop professionally
  • College degree preferred or equivalent experience
  • Deep understanding of dealership finance and insurance procedures
  • Expertise in structuring deals for optimal profitability
  • Strong knowledge of title laws and the registration process
  • Professional appearance with excellent verbal and written communication skills
  • Strong negotiation and presentation abilities
  • Valid driver's license

Responsibilities

  • Assist customers in financing their purchases and present additional product offerings
  • Structure sales to maximize profitability
  • Maintain necessary certifications and proficiency in the role
  • Prepare and submit deals to lenders, making credit decisions
  • Ensure compliance with local, state, and federal guidelines
  • Prepare and deliver paperwork and contracts for finalized deals
  • Audit team deals post-sale to identify areas for improvement
  • Ensure fast funding of all contracts

Benefits

  • Group Health Plan
  • Paid Holidays
  • Paid Time Off
  • 401k Plan
  • Employee Discounts
  • Voluntary Insurance
  • Employee Assistance Program
  • Flexible Spending Account Plan
  • Collaborative Team Environment
  • Career Progression and Advancement
Full Job Description
Job Summary: We are looking for an F&I (Finance and Insurance) Manager to join our growing team! The right candidate will have a deep knowledge of dealership finance and insurance procedures and the ability to assist customers and close deals on additional product offerings.

Benefits

  • Group Health Plan
  • Paid Holidays
  • Paid Time Off
  • 401k Plan
  • Employee Discounts
  • Voluntary Insurance
  • Employee Assistance Program
  • Flexible Spending Account Plan
  • Collaborate Team Environment
  • Career Progression and Advancement


Responsibilities
  • Provide recommendations and assistance to customers in order to arrange the financing of their purchases. Present customers with additional product offerings to enhance their vehicle and ownership experience
  • Ensure sales are structured to produce the highest profitability
  • Maintains proficiency and certifications as required for the position
  • Accurately desks deals, submits deals to lenders for approval, makes credit decisions, and effectively closes deals
  • Ensure every deal is fully aligned with local, state and federal guidelines
  • Prepares paperwork, contracts and delivers deals
  • Accurately audit team deals Post-Sale and deeply analyze for improvements
  • Guarantee the expeditious funding of all contracts

Qualifications
  • Eagerness to improve
  • College degree preferred or equivalent experience
  • Knowledge of dealership finance and insurance procedures
  • Proficient at structuring deals for maximum profitability
  • Well-versed in title laws and registration process
  • Professional personal appearance and extraordinary verbal/written communication skills
  • Expertise in negotiation and presentation skills
  • Valid driver's license

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