Automotive Finance Manager

Community Cars; Bloomington (IN); On-site; USD 50,000 - 65,000; Full time

Job summary

Community Cars in Bloomington, Indiana seeks an F&I Manager to structure auto deals in compliance with finance lender guidelines and dealership policy, enabling quick funding and high customer satisfaction.

The role involves implementing dealership procedures, maintaining organized offices, and communicating with management on problem deals and lender stipulations. You will assess credit, protect customer information, and collaborate across departments to keep processes compliant and efficient.

Responsibilities

• Knows and implements dealership policies and procedures.
• Maintains a clean and organized office.
• Communicates all problem deals to management immediately.
• Addresses missing stipulations communicated from lender immediately.
• Adheres to a standard of professional ethics and is respectful to customers.
• Knowledgeable in state regulations regarding finance and the Fair Credit Reporting Act.
• Interacts with appropriate departments.
• Train and supervises sales staff of any changes in regulations and the Fair Credit Reporting Act.
• Structures deals in accordance with lender and dealership guidelines.
• Books out deals accurately.
• Performs credit interviews
• Verifies accuracy of all material information on the credit application and submits to lender.
• Maintains confidentiality of customer information.
• Discloses financial information to customers.
• Sells credit insurance and service contracts.
• Maintains good lender relations.
• Maintains a lender guide of programs currently used and obtains a working knowledge of them.
• Evaluates new lender programs.
• Goes over deals with lenders. Works all deals diligently.
• Maintains current inventory log and makes recommendations to management.
• Helps move old inventory.
• Maintains a call-in log and contracts in transit log (funding package).
• Shows and demonstrates vehicles when necessary.
• Designs and places advertising for special finance.
• Analyzes credit reports, able to recognize a conventional deal and turns over accordingly.
• Properly cost special finance deals (prepares profit sheets).
• Receipts deposits.

Job description

About Our Dealership

At Community Cars, we are committed to changing the experience most people have when buying a vehicle. We provide a transparent and exceptional consumer experience that starts with our most valuable resource: our employees. If you want to be part of something revolutionary in the automotive industry, a career with Community Cars may be for you.

We are a local, loyal, family-owned and operated organization with more than 30 years in business.

Role Overview

The F&I Manager (Finance Manager) structures car deals for clients, in compliance with finance lender guidelines and auto dealership policy, resulting in quick funding, and a high level of customer satisfaction.

F&I Manager - Essential Duties

• Knows and implements dealership policies and procedures.
• Maintains a clean and organized office.
• Communicates all problem deals to management immediately.
• Addresses missing stipulations communicated from lender immediately.
• Adheres to a standard of professional ethics and is respectful to customers.
• Knowledgeable in state regulations regarding finance and the Fair Credit Reporting Act.
• Interacts with appropriate departments.
• Train and supervises sales staff of any changes in regulations and the Fair Credit Reporting Act.
• Structures deals in accordance with lender and dealership guidelines.
• Books out deals accurately.
• Performs credit interviews
• Verifies accuracy of all material information on the credit application and submits to lender.
• Maintains confidentiality of customer information.
• Discloses financial information to customers.
• Sells credit insurance and service contracts.
• Maintains good lender relations.
• Maintains a lender guide of programs currently used and obtains a working knowledge of them.
• Evaluates new lender programs.
• Goes over deals with lenders. Works all deals diligently.
• Maintains current inventory log and makes recommendations to management.
• Helps move old inventory.
• Maintains a call-in log and contracts in transit log (funding package).
• Shows and demonstrates vehicles when necessary.
• Designs and places advertising for special finance.
• Analyzes credit reports, able to recognize a conventional deal and turns over accordingly.
• Properly cost special finance deals (prepares profit sheets).
• Receipts deposits.