Finance & Insurance Manager

Bud Clary Auto Group

$90K — $190K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in automotive finance and insurance sales
  • Valid state insurance license with ongoing education requirements
  • Strong understanding of federal, state, and local regulations regarding vehicle sales
  • Excellent interpersonal skills to establish client relationships
  • Proficient in paperwork management and financial processing
  • Ability to train and mentor sales staff on finance products
  • Detail-oriented in reviewing sales documentation and accuracy

Responsibilities

  • Educate customers on finance options and extended warranties
  • Convert cash transactions to financing arrangements
  • Build relationships with finance sources for deal approvals
  • Ensure all paperwork is processed accurately and timely
  • Adhere to ethical standards in all business dealings
  • Disclose necessary financial information transparently to customers
  • Collaborate with sales managers to meet departmental financial goals

Benefits

  • Comprehensive health, dental, vision, and life insurance
  • 401(k) retirement plan
  • PTO accrual starting on day one, increasing with tenure
  • Employee discounts on dealership products
  • Referral bonus incentives for bringing in new hires
Full Job Description
SUMMARY

Produces additional revenue for the dealership by selling finance and insurance programs and other appropriate after-sale items to new- and used-vehicle customers.

BENEFITS
  • Comprehensive Benefits Package: Health, dental, vision, and life insurance, plus an employee assistance program.
  • Retirement Plans: 401(k).
  • PTO & Paid Holidays - PTO accrual starting from day one of employment - 1 hour of PTO for every 40 hours worked for the first year, 1.63 hours of PTO for every 40 hours worked for years 2-9, and 2.39 hours of PTO for every 40 hours worked for 10 or more years of service.
  • Employee discounts
  • Referral bonus program

PAY
  • $90,000 - $190,000 per year based on commission.

ESSENTIAL DUTIES
  • Provides customers with thorough explanation of aftermarket products and extended warranties
  • Converts cash deals to finance
  • Establishes and maintains good working relationships with several finance sources, including the manufacturer
  • Processes finance and lease deals accurately and fairly through financial sources to secure approval
  • Conducts business in an ethical and professional manner
  • Processes all federal, state, and dealer paperwork related to vehicle transaction
  • Understands and complies with federal, state, and local regulations that affect the new- and used-vehicle and finance departments
  • Completes paperwork necessary for vehicle sales and leases in a timely and efficient manner
  • Checks all paperwork for correct title, lien information, taxes, etc., before forwarding to accounting
  • Acquires and maintains current state insurance license, completing continuing credit insurance education as needed
  • Educate customers on manufacturer's warranty coverage on new and used vehicles (when applicable)
  • Properly disclose all documents associated with the vehicle purchase, including finance/lease interest rates and loan terms
  • Manages the alternative finance source program to ensure that several sources are available
  • Provides sales managers with current information about finance and lease programs continually
  • Trains the sales staff regarding the benefits of financing, insurance and extended service programs
  • Works with sales managers to secure a reasonable profit from every sale
  • Ensures collection of all finance and insurance fees
  • Takes all credit applications
  • Works closely with sales managers to establish sales department goals and objectives and ensures that they are achieved
  • Handles all rate quotations
  • Processes salespersons' "end of month" commission sheets for accounting office payroll
  • Supervises and trains designated backup to ensure continued efficiency and profitability in the F&I manager's absence
  • Maintains an adequate and current supply of all required contracts and paperwork needed for completion and finalization of car deals
  • Maintains a professional appearance
  • Maintains a clean and professional work environment


Have questions? Contact [email protected]

Location: Auburn, WA

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