Finance and Insurance Coordinator

Williams Auto Group; Fisherville (NY); On-site; USD 65,000 - 115,000; Full time

Job summary

Williams Auto Group in New York is seeking an energetic Finance & Insurance Manager to lead the dealership's F&I operations and protect margins while growing revenue from insurance products and service contracts.

The role includes developing lender relations, overseeing paperwork, ensuring regulatory compliance, training sales staff, and coordinating finance forecasts with the sales team to maximize penetration and profitability.

Qualifications

• High school diploma or GED required.
• Valid Driver’s License required.

Responsibilities

• Protects gross profit by arranging financing to protect margins.
• Establishes lender relations with customers.
• Generates income through credit insurance, GAP, and maintenance plans.
• Maintains control of all paperwork until finalization with the office.
• Processes finance and insurance paperwork accurately and fairly.
• Manages state and federal compliance in the finance department.
• Trains sales staff on financing, insurance, and extended service programs.
• Coordinates finance forecasting with sales to achieve desired penetration and income.

Skills

Organizational skills

Education

High school diploma or GED

Valid Driver’s License

Job description

F&I Manager

2 days ago Requisition ID: 14315

Salary Range: $65,000.00 To $115,000.00 Annually

Williams Auto Group is hiring! We are looking for an energetic, passionate individual to join our TEAM as a Finance & Insurance Manager. This position plays a large role in the leadership of the dealership and will be part of one of the volume sales leaders in the market. Williams Auto Group offers a fun, fast-paced work environment with a focus on our customers and helping our community.

• Protects gross profit by arranging financing so outside sources do not have an impact on selling margins.
• Establishes lender relations that tie the customer closer to the dealership.
• Generates additional income through the sales of credit insurance, vehicle service contracts, GAP coverage and maintenance plans.
• Maintains control of all paperwork until it is ready to be turned into the general office.
• Responsible for all paperwork involved with the sale of the vehicle, including obtaining customer signatures, and securing payoff and insurance information.
• Converts cash deals to finance.
• Establishes and maintains good working relationships with several finance sources, including the manufacturer.
• Processes finance and lease deals accurately and fairly through financial sources to secure approval.
• Conducts business in an ethical and professional manner.
• Processes all federal, state and dealer paperwork related to vehicle transaction.
• Understands and complies with federal, state, and local regulations that affect the new- and used-vehicle and finance departments.
• Completes paperwork necessary for vehicle sales and leases in a timely and efficient manner.
• Checks all paperwork for correct title, lien information, taxes etc., before forwarding to accounting.
• Acquires and maintains current state insurance license, completing continuing credit insurance education as needed.
• Provides customers with complete explanation of manufacturer and dealership service procedures and policies.
• Manages the alternative finance source program to ensure that several sources are available.
• Seeks insurance companies for insurance paper.
• Maintains insurance files.
• Sets up and maintains a program that will ensure 100 percent turnover to the F& I department.
• Provides sales force and sales managers with current information about finance and lease programs continually.
• Trains the sales staff regarding the benefits of financing, insurance, and extended service programs.
• Works with sales managers to secure a reasonable profit from every sale.
• Coordinates finance forecasting with sales department forecasting to achieve desired levels of penetration and income.
• Ensures collection of all finance and insurance fees.
• Takes all credit applications.
• Prepares reports on finance penetration.
• Develops and monitors guidelines for working with customers to ensure maximum customer satisfaction.
• Supervises and trains designated backup to ensure continued efficiency and profitability in the F& I manager's absence.
• Maintains an adequate and current supply of all required contracts and paperwork needed for completion and finalization of car deals.
• Maintains a professional appearance.
• Maintains a clean and professional work environment.
• Other tasks as assigned.

Skills and Qualifications

• Organizational skills.

Educations and/ or Experience

• High school diploma or general education degree (GED).

CERTIFICATES, LICENSES, REGISTRATIONS

• Valid Driver’s License

Need more reasons to join TEAM Williams? Williams Auto Group offers: