Finance and Insurance Manager

Reeder Chevrolet; Knoxville (TN); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Competitive pay

Medical, Dental and Vision Plans

Paid Holidays & PTO

Short and Long-Term Disability

Paid Life Insurance

401(k) Retirement Plan

Vehicle Purchase Discounts

Employee Discounts on Parts andService

Aggressive Employee Referral Program

Job summary

Reeder Chevrolet in Knoxville, TN is seeking a Finance and Insurance (F&I) Manager to assist customers with financing options, finalize sales contracts, and promote add-on products such as extended warranties and GAP insurance. The role includes following up on receivables and ensuring accuracy of paperwork.

The position requires strong communication, a professional appearance, and the ability to work in a fast-paced dealership environment. Prior automotive experience is preferred.

Qualifications

• Prior automotive experience preferred.
• Excellent communication and customer service skills.
• Professional, well-groomed personal appearance.
• Self-motivated with the ability to set and achieve targeted goals.
• Knowledge of regulatory and compliance requirements.
• Ability to work within a fast-paced environment.
• Clean driving record and valid driver’s license.

Responsibilities

• Establish and maintain positive working relationships with all sources of finance and insurance products, factory and otherwise.
• Submit proper documentation to obtain approval for all possible finance transactions.
• Work with sales management to establish and maintain a program that will ensure a 100% turnover to the Finance and Insurance department.
• Work with sales managers to secure a reasonable profit from each transaction.
• Establish forecast for finance department in conjunction with sales department to achieve a desired percent of penetration and income.
• Verify the accuracy of all title, lien information, taxes and other documents on customer paperwork.
• Ensure accuracy of customer information in dealership databases (including e-mail addresses).
• Forward completed deals to the accounting office in a timely manner.
• Acquire licenses for selling insurance, if applicable.
• Prepare monthly reports on finance penetration and products sold.
• Keep sales management up to date regarding rates and products.
• Complete all training certifications as directed by management.
• Comply with all company policies, procedures and safety standards.
• Other duties as assigned.

Skills

Communication skills

Customer service

Professional appearance

Self-motivation

Regulatory knowledge

Fast-paced environment

Valid driver’s license

Job description

Finance and Insurance (F&I) Manager

We are a leading automotive dealership committed to providing an exceptional car-buying and service experience. We provide a positive, professional work environment, aggressive pay plans with career advancement opportunities, and the best training in the industry.

Job Summary

The Finance and Insurance (F&I) Manager is responsible for helping customers secure financing, finalize sales contracts, and offering additional products like extended warranties, GAP insurance, and maintenance plans. The F&I Manager is also responsible for following up on and collecting receivables.

Responsibilities:

• Establish and maintain positive working relationships with all sources of finance and insurance products, factory and otherwise.
• Submit proper documentation to obtain approval for all possible finance transactions.
• Work with sales management to establish and maintain a program that will ensure a 100% turnover to the Finance and Insurance department.
• Work with sales managers to secure a reasonable profit from each transaction.
• Establish forecast for finance department in conjunction with sales department to achieve a desired percent of penetration and income.
• Verify the accuracy of all title, lien information, taxes and other documents on customer paperwork.
• Ensure accuracy of customer information in dealership databases (including e-mail addresses).
• Forward completed deals to the accounting office in a timely manner.
• Acquire licenses for selling insurance, if applicable.
• Prepare monthly reports on finance penetration and products sold.
• Keep sales management up to date regarding rates and products.
• Complete all training certifications as directed by management.
• Comply with all company policies, procedures and safety standards.
• Other duties as assigned.

Qualifications:

• Prior automotive experience preferred.
• Excellent communication and customer service skills.
• Professional, well-groomed personal appearance.
• Self-motivated with the ability to set and achieve targeted goals.
• Knowledge of regulatory and compliance requirements.
• Ability to work within a fast-paced environment.
• Clean driving record and valid driver’s license.

We offer best in class industry benefits:

• Competitive pay
• Medical, Dental and Vision Plans
• Paid Holidays & PTO
• Short and Long-Term Disability
• Paid Life Insurance
• 401(k) Retirement Plan
• Vehicle Purchase Discounts
• Employee Discounts on Parts and Service Repairs
• Aggressive Employee Referral Program with Bonus Opportunities

You must be at least 18 years of age to apply. We are an equal opportunity employer and a drug-free workplace.