DescriptionF&I ContractorOur company has an outstanding opportunity for a results-focused, highly driven and experienced F&I Contractor. The F&I Contractor is responsible for selling financial products and services to clients at the dealership. F&I contractors also work with financial lenders to give fair interest rates to buyers and are also required to uphold strict legal and ethical standards while conducting business.
Job Responsibilities- Contracts all new business
- Closes potential clients, taking turns by personal contact or by phone
- Addresses bounced contracts, processing them in a timely manner
- Generates finance income on all sold clients, taking turns by personal contact or by phone
- Checks and verifies ("washes") paperwork involved with the cash, finance or loan transactions
- Contracts or collects all money at closing
- Seeks bank approval on all financed and leased deals
- Maintains a working knowledge or leases, "balloons", etc
- Promotes Credit Life/Accident & Health sales
- Collaborates with other departments in a professional and courteous manner
- Fills out F & I profit sheet
- Assists in acquiring approval from lenders
- Assists in the training of Sales Consultants
- Understands all current programs and rate options offered by our lenders
- Verifies insurance and completes paperwork
- Handles all cancellations for extended warranties and credit life cancellations
- Maintains the sale log for F&I
- Understands and implements the dealership sales process
- Attends weekly department meetings
Education/ ExperienceExperience, education and training a PLUS
Certificates, Licenses and Registrations (Including Driver's License)
Operator's Driver's License (must insurable); State Insurance License.
Physical Demands- Prolonged periods of sitting at t desk and working on a computer.
- Must be able to lift up to 15 pounds at times.
Benefits include medical, vision, dental, supplemental insurance, 401K retirement savings, paid time off, holiday pay, and company-paid continuing education and training.
