Lithia Motors Inc

F&I Manager

Lithia Motors Inc$108K — $216K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years of dealership finance experience required
  • CDK experience preferred
  • Team player with a focus on customer service
  • Self-motivated with goal-setting abilities
  • Strong interpersonal communication skills
  • Valid driver's license with an acceptable driving record

Responsibilities

  • Help customers select vehicle protection packages
  • Build relationships with lenders for optimal financing
  • Submit deals electronically to banks using dealer systems
  • Accurately enter transactions into ADP and bank systems
  • Process transaction paperwork to meet legal requirements
  • Track and follow-up on receivables to ensure collections
  • Participate in sales meetings and collaborate with the sales team

Benefits

  • Competitive pay
  • Medical, Dental, and Vision Plans
  • Paid Holidays and PTO
  • Short and Long-Term Disability
  • Paid Life Insurance
  • 401(k) Retirement Plan
  • Employee Stock Purchase Plan
  • Access to Lithia Learning Center
  • Vehicle Purchase Discounts
  • Wellness Programs
Full Job Description
Dealership:
L0306 Volkswagen of Downtown LA

F&I Manager

If you are an experienced automotive Finance & Insurance professional (F&I Manager) and you are looking for an opportunity in a Fortune 500 company (NYSE: LAD) we want to talk to you!

Responsibilities:

The F&I Manager is responsible for providing exceptional customer service while helping customers choose products that protect their vehicle purchase.  In addition, this individual works with lenders to obtain financing approval and completes all vehicle purchase and associated paperwork accurately and on time.  The F&I Manager is responsible for following up on and collecting receivables.  

  • 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 accurately 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.
  • Interact with sales team and sales managers to ensure transactions are completed accurately 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
Qualifications:
  • 2+ years of dealership finance experience is required
  • CDK experience a plus
  • A team player focused on providing exemplary customer service
  • Self-motivated with the ability to set and achieve targeted goals
  • Excellent interpersonal communication with working knowledge of computers
  • Acceptable driving record and a valid driver's license in your state of residence

The California salary pay range for this position is $9,000.00 - $18,000.00 monthly. This is a performance driven position, eligible for short-term and/or long-term incentives as part of total compensation, which includes Individual Product and Reserve Income and Individual Net PVR, Product Penetration, Manufacturer Approvability. Actual pay offered may vary depending on skills, experience, job-related knowledge, and location.

We offer best in class industry 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

High School graduate or equivalent, 18 years or older required.

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