Lithia Motors Inc

F&I Manager

Lithia Motors Inc$111K — $303K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years of experience as an F&I Manager
  • Prior automotive sales management experience preferred
  • Valid driver's license with an acceptable driving record
  • High school diploma or equivalent required
  • Ability to obtain necessary licensing within 90 days of hire

Responsibilities

  • Greet customers warmly and professionally
  • Present vehicle protection packages and their benefits to customers
  • Build relationships with lenders to secure optimal financing for customers
  • Submit electronic deals to banks using the dealer system
  • Enter transactions accurately into ADP and banking systems
  • Process transaction paperwork, ensuring compliance with DMV and lender requirements
  • Track and follow-up on outstanding deal receivables

Benefits

  • Medical, Dental and Vision Plans
  • Paid Holidays & 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:
L0275 Lithia Chrysler Dodge Jeep Ram Fiat of Spokane

Lithia Chrysler Dodge Jeep Ram of Spokane - Washington

F&I Manager

What You'll Do:
  • Greet customers in a friendly and professional manner.
  • 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.
  • Interact 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
  • 2 or more years of F&I Manager experience
  • Prior automotive sales management experience is a plus
  • 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.

This is a performance driven position, eligible for short term and/or long-term incentives as a part of total compensation, which includes commission off individual product and reserve Income. Bonuses based on individual net PVR, product penetration, and manufacturer approvability. The total annual estimated earnings range is $111,00.00-$303,500.00.

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 totalrewards.lithiadriveway.com

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

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