Finance and Insurance (F&I) Manager - Automotive - Chicago North Suburbs This is an incredible opportunity for an experienced professional who is excited by automotive F&I and passionate about customer service. We are currently seeking an F&I manager to join our amazing team. We need a leader with a strong focus on compliance requirements and product knowledge, who can train bright new talent, clearly communicate product features and benefits, and who can confidently close the sale.
Job Responsibilities- Contract new business, sell and close deals
- Generate finance income on all sold customers
- Check/verify paperwork involved with cash, finance or loan transactions
- Contract or collect all money at closing
- Seek bank approval on financed and leased deals
- Maintain a working knowledge of leases, "balloons", etc.
- Promote Credit Life/Accident & Health sales
- Assist in acquiring approval from lenders
- Understand all programs and rate options offered by our lenders
- Solicit extended warranty sales (aftermarket)
- Handle all cancellations for extended warranties and credit life
Must be proficient at the following: - Deep understanding of building a strong deal structure from beginning to end
- Obtaining loan approvals that maximize profitability
- Strong ability to present and close all F&I products ( VSC, Gap, Tire&Wheel, and all ancillary products)
