Lithia Motors Inc

F&I Manager

Lithia Motors Inc$80K — $100K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3 years of automotive dealership finance experience
  • Prior automotive sales closer experience
  • Strong relationships with lenders
  • Team player focused on exceptional customer service
  • Driven with goal-setting and achieving ability
  • Excellent organizational and interpersonal communication skills
  • CDK experience preferred

Responsibilities

  • Help customers choose protection packages for their vehicles
  • Ensure financing by building relationships with lenders
  • Submit deals electronically to banks using dealer system
  • Enter transactions into ADP and bank approval systems
  • Process transaction paperwork accurately for compliance
  • Track deal receivables and ensure collections
  • Participate in store meetings and support sales team

Benefits

  • 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
Full Job Description
Dealership:
L0405 Suburban CDJR Farmington Hills

Suburban CDJR of Garden City

Urgent Need: Experienced F&I Manager
  • Pay: Performance-based commission plan w/ bonuses (6 figures)
  • Schedule: We ask that you have open availability to support dealership operations and customer demand. You will be available to work a flexible schedule, including evenings, weekends, and holidays, as these are peak sales periods and key opportunities for maximizing earnings.


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.
  • Enter transactions into ADP and bank approval systems.
  • Process all transaction paperwork and ensure it is accurate and meets the needs of the Office, state specific DMV and lender requirements.
  • Track deal receivables and follow-up on outstanding items to ensure collection of all money and bank stipulations for contract funding.
  • Participate in store meetings including Sales Receivables, Save-a-Deal and Store Manager meetings.
  • Work with sales team and sales managers to ensure transactions are completed and to the customer's satisfaction.
  • Follow-up with customers as courtesy reminder for purchased products requiring customer action (ex. Protective coating applied)
  • Assist Sales Team with customer engagement in the sales department during peak traffic times.
  • Obtain all appropriate licensing within 90 days from date of hire


What You'll Bring
  • We require 3 years of automotive dealership finance experience
  • Prior automotive sales closer experience
  • Strong relationships with lenders
  • A team player focused on providing exceptional customer service
  • Driven with ability to set and achieve targeted goals
  • Excellent organizational skills, interpersonal communication with working knowledge of computers
  • CDK Experience preferred
  • Acceptable driving record and a valid driver's license in your state of residence.


Total Rewards

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.

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