Finance & Insurance Executive

Elite Group Holding; United Arab Emirates; On-site; AED 40,000 - 80,000; Full time

Job summary

An established industry player in the automotive sector is seeking a dynamic Finance and Insurance Executive. This role involves managing the finance and insurance aspects of vehicle sales, providing exceptional customer service, and maximizing revenue through effective financial consultation and insurance offerings. The ideal candidate will have a strong background in finance, excellent communication skills, and the ability to build relationships with customers and partners. Join a forward-thinking company where your expertise can make a significant impact on customer satisfaction and business growth.

Qualifications

• 5+ years of experience in finance and insurance roles.
• Strong knowledge of banking and insurance processes.

Responsibilities

• Meet with customers to discuss financing options and present loan options.
• Prepare and review paperwork for vehicle sales and financing agreements.
• Work towards achieving sales targets for financing and insurance products.

Skills

Financial Consultation

Customer Service

Sales Targets Achievement

Communication Skills

Time Management

Education

Bachelor's Degree

Job description

An Automotive Dealership Finance and Insurance (F&I) Executive is responsible for managing the finance and insurance aspects of vehicle sales. They work closely with customers to secure financing, offer insurance products, and ensure all necessary paperwork is completed accurately and efficiently. F&I Executives play a vital role in maximizing revenue for the dealership while providing excellent customer service.

JOB RESPONSIBLITIES

1. Financial Consultation:

Meet with customers to discuss financing options, explain terms and conditions, and present loan and lease options.

Evaluate customers creditworthiness and work with lenders to secure financing approvals.

Provide financial advice to customers, explaining the implications of different finance options.

2. Insurance Offerings:

Present and explain various insurance products, including vehicle insurance, insurance renewals, extended warranties, and protection packages.

Assist customers in choosing insurance products that meet their needs and budget.

Collaborate with insurance providers to ensure timely processing of insurance policies.

3. Paperwork and Documentation:

Prepare and review all necessary paperwork for vehicle sales and financing agreements.

Ensure accurate and complete documentation for financing, titling, and registration.

Verify customer information and submit applications to financial institutions for approval.

4. Compliance and Regulations:

Ensure compliance with all local regulations related to vehicle financing and insurance sales.

Stay up-to-date with industry regulations and changes in financing and insurance laws.

5. Customer Service:

Provide exceptional customer service by addressing customer inquiries and concerns related to financing and insurance.

Resolve any issues related to financing or insurance agreements promptly and professionally.

6. Sales Targets and Revenue Generation:

Work towards achieving monthly and annual sales targets for financing and insurance products.

Upsell and cross-sell insurance, re-insurance, and finance products to maximize revenue for the dealership.

7. Relationship Management:

Build and maintain strong relationships with financial institutions, insurance providers, and other relevant partners.

Collaborate with sales, service, and other departments to provide seamless customer experiences.

8. Product Knowledge:

Stay updated with the latest finance and insurance products and industry trends.

Provide training to the sales team on new finance and insurance offerings.

9. Data Analysis and Reporting:

Analyze sales data and trends related to finance and insurance products.

Prepare regular reports for management, highlighting key performance metrics and areas for improvement.

JOB REQUIREMENTS

• Bachelor's Degree or related field 5 years proven work experience.
• Thorough knowledge of functional area and department processes
• Capable to deal with bank and insurance agents
• Strong Communication Skills
• Must have excellent customer relations skills
• Strong time management and organizational abilities.