Lithia Motors Inc

F&I Manager

Lithia Motors Inc$92K — $283K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Previous Finance & Insurance (F&I) experience preferred, but not required.
  • Experience with BMW vehicles is a plus.
  • Strong track record with Customer Satisfaction Index (CSI).
  • Excellent written and verbal communication skills.
  • Team player committed to providing top-notch customer service.
  • Valid driver's license and acceptable driving record required.

Responsibilities

  • Assist customers in selecting vehicle protection packages by highlighting product benefits.
  • Facilitate financing by establishing relationships with lenders for optimal customer rates.
  • Submit deals electronically to banks using dealer management systems.
  • Ensure all transaction paperwork is accurate and compliant with office, DMV, and lender regulations.
  • Collaborate with the sales team during store meetings to complete transactions accurately and satisfy customer needs.
  • Support the sales team with customer engagement and follow-up during busy periods.

Benefits

  • Competitive performance-based pay plans.
  • Comprehensive Medical, Dental, and Vision coverage.
  • Paid holidays and Paid Time Off (PTO).
  • Short and Long-Term Disability insurance.
  • Paid Life Insurance.
  • 401(k) Retirement Plan with company matching.
  • Employee Stock Purchase Plan available.
  • Access to the Lithia Learning Center for professional development.
  • Vehicle purchase discounts for employees.
  • Wellness programs to support employee health.
Full Job Description
Dealership:
L0710 BMW of Bloomfield

BMW of Bloomfield

NOW HIRING Automotive Finance Managers!

If you're looking for a fast-paced, challenging, and lucrative role for the next step in your career, this is a perfect fit for you! We've got a national network of career growth opportunities and are looking for a performance-minded individual that will help us continue to drive success through our Finance Department.

Who We're Looking For:
  • Previous F&I experience preferred but not required
  • Experience with BMW a plus
  • A proven track record with an exceptional CSI
  • Excellent written and verbal communication skills
  • A team player who is focused on providing exemplary customer service
  • Acceptable driving record and a valid driver's license in your state of residence


What You'll Do:
  • Help customers choose protection packages for their vehicle by presenting all products and their benefits.
  • Ensure financing for customers; by building professional relationships with lenders and working with them to get the best financing available for our customers.
  • Submit deals to bank electronically using appropriate dealer system.
  • Process all transaction paperwork and ensure it is accurate and meets the needs of the Office, state specific DMV and lender requirements.
  • Participate in store meetings, interact with sales team and sales managers to ensure transactions are completed accurately and to the customer's satisfaction.
  • Assist Sales Team with customer engagement and follow-up in the sales department during peak traffic times


Why Choose Lithia & Driveway?
  • Competitive, performance-based pay plans
  • 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


High School graduate or equivalent, 18 years or older required. We are a drug free workplace.

The estimated annual earnings for this position ranges from $92,154 to $283,868. This is a performance driven position, eligible for short-term and/or long-term incentives as part of total compensation, which includes commission based off individual product and reserve income, and bonuses based on individual net PVR, product penetration, and manufacturer approvability. Actual pay offered may vary depending on skills, experience, job-related knowledge, and location.

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