F&I Manager – Automotive Finance (Kia)

McGrath Kia of Highland Park; Highland Park (IL); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Competitive salary

Health insurance

Employee discounts on vehicle services

Job summary

McGrath Kia of Highland Park in Illinois is seeking an experienced Automotive Finance Manager to guide customers through financing options while supporting the sales team. A minimum of 2 years' experience in finance and insurance management is required.

You will prepare and submit financing documents, maintain accurate records, collaborate with sales management, and ensure timely funding of deals. This role offers a competitive salary, benefits, and opportunities for advancement.

Qualifications

• Education: High school diploma or equivalent.
• Experience: Minimum of 3 years as a Finance Manager in the automotive industry.
• Skills: Strong sales experience.
• Excellent verbal and written communication skills.
• Proficient in reading and comprehending instructions and information.
• Competency in personal computer applications, including word processing and spreadsheet software.
• Valid driver's license.

Responsibilities

• Develop and maintain knowledge of all finance and insurance products.
• Prepare and submit documentation to secure financing approvals.
• Collaborate with sales management to ensure turnover to Finance & Insurance.
• Forecast finance department goals with the sales team.
• Verify title, lien, taxes, and other customer documentation.
• Ensure customer information is accurate in dealership databases.
• Notarize deal paperwork as necessary and submit deals promptly.
• Ensure timely funding of deals from financial institutions.
• Acquire licenses for selling insurance, as applicable.
• Generate monthly reports on finance penetration and products sold.
• Keep sales management informed about current rates and offerings.
• Complete required training certifications as directed.
• Adhere to Personnel Policy Manual and corporate guidelines.
• Perform other duties as assigned.

Skills

Strong sales experience

Excellent verbal and written

Proficient in word processing & excel

Valid driver's license

Education

High school diploma or equivalent

Job description

Overview:

Join Our Family at McGrath Kia of Highland Park! We are thriving and we have an immediate opening for an experienced Automotive Finance Manager, where you'll play a pivotal role in guiding our customers through financing options while supporting our sales team. We seek a candidate with a minimum of 2 years of experience and a demonstrated record of excellence in finance and insurance management. If you're passionate about fostering relationships, adhering to sales processes, and maintaining the highest ethical standards,

Key Responsibilities:

• Develop and maintain comprehensive knowledge of all finance and insurance products offered by the dealership.

• Prepare and submit accurate documentation to secure financing approvals for customers.

• Collaborate with sales management to ensure a 100% turnover of customers to the Finance & Insurance department.

• Work alongside sales managers to facilitate customer approvals and provide products that protect their investments.

• Forecast finance department goals in partnership with the sales team to achieve desired penetration rates and revenue targets.

• Verify the accuracy of title, lien information, taxes, and other customer documentation.

• Ensure customer information is accurately maintained in dealership databases, including email addresses.

• Notarize deal paperwork as necessary and submit completed deals to the office promptly.

• Ensure timely funding of deals from financial institutions post-sale.

• Acquire necessary licenses for selling insurance, as applicable.

• Generate monthly reports on finance penetration and products sold.

• Keep sales management informed about current rates and product offerings.

• Complete all required training certifications as directed by management.

• Adhere to policies outlined in the Personnel Policy Manual and other corporate guidelines.

• Perform other duties as assigned.

Qualifications:

• Education: High school diploma or equivalent.

• Experience: Minimum of 3 years as a Finance Manager in the automotive industry.

• Skills:

• Strong sales experience.

• Excellent verbal and written communication skills.

• Proficient in reading and comprehending instructions and information.

• Competency in personal computer applications, including word processing and spreadsheet software.

• Valid driver's license.

Benefits:

• Competitive salary and performance-based bonuses.

• Health, dental, and vision insurance.

• Retirement savings plan with company matching.

• Paid time off and holiday pay.

• Employee discounts on vehicle purchases and services.

• Full-time schedule with flexibility as needed.

If you're ready to contribute to our dealership's success and elevate our finance operations at McGrath Kia of Highland Park