Finance And Insurance Business Manager

Helderbergpersonnel; Stellenbosch; On-site; ZAR 300 000 - 400 000; Full time

Job summary

A well-established luxury dealership in Stellenbosch seeks an experienced Financial and Insurance Business Manager to ensure compliance with regulations and maximize profit through vehicle finance. Candidates should have at least 4 years of relevant experience and possess a Grade 12 or financial degree, along with the RE5 Regulatory Examination. The role involves managing financial needs of customers and ensuring compliance with financial regulations.

Benefits

Competitive salary and incentives

Qualifications

• At least 4 years of relevant experience in financial services.
• RE5 Regulatory Examination required.
• Up-to-date CPD points.

Responsibilities

• Manage administrative and contractual aspects for the company and financial institutions.
• Provide professional F&I expertise to customers.
• Ensure compliance with NCA, FAIS, and FICA acts.

Skills

Problem solving

Computer literate in MS Word, Excel and Outlook

Knowledge of NCA – National Credit Act

Knowledge of FAIS – Financial Advisory and Intermediate Service Act

Banking or previous F&I experience

Education

Grade 12 or financial degree

RE5 Regulatory Examination

Tools

Salesforce

CDK invoicing

Signio platform

Job description

A Well-established Luxury Dealership in Stellenbosch seeks a Financial and Insurance Business Manager (F & I) with at least 4 years of relevant experience.

The main purpose of this role is to ensure compliance with FAIS and FICA, and to maximise second‑gross profit through vehicle finance and the sale of approved value‑added products.

Requirements

• Grade 12A financial degree or currently studying toward one
• RE5 Regulatory Examination
• Sound knowledge of the National Credit Act (NCA)
• Class of Business (COB)
• Up‑to‑date CPD points
• Banking or previous F&I experience
• Computer literate in MS Word, Excel and Outlook
• Problem solving
• CDK sale invoice and purchase ledger experience
• Experience in Beeswax and Salesforce (advantageous)

Duties

• Manage all administrative and contractual aspects for the company and other financial institutions
• Provide professional F&I expertise to existing, new and prospective customers
• Keep up to date with all relevant finance and insurance products
• Identify individual customer financial and insurance needs
• Offer specialised finance and insurance products to new customers at a profitable second‑gross profit rate
• Ensure accurate completion of the finance and insurance application form
• Give final release of each approved transaction (cash and financed)
• Ensure all conditions and requirements from either the bank or insurance company have been fulfilled
• Ensure that all deposits or cash have been paid
• Ensure that the release note has been issued for financed deals
• Establish and maintain good professional and effective relationships with banks, insurance and other providers
• Consult and advise customers on Finance & Insurance products available
• Accurately and thoroughly complete and forward all applications to banks and insurance providers
• Review all collected Natis documents for trade‑in
• Participate in the F&I Retention program to maximise opportunities from End of Term or Early Settlements
• Ensure dealership complies with all requirements as set out by the NCA, FAIS and FICA acts
• Ensure that any person acting on behalf of the dealership or a representative of any other provider does so in accordance with the fit and proper requirements as set out in the acts
• Ensure dealership complies with compliance arrangements, record‑keeping and auditing requirements as prescribed in the acts
• Update daily progress report of Second Gross Sales on DOC (Daily Operating Control)
• Review basic monthly statistics of market penetration at banks and insurance providers
• Keep abreast with relevant and current legislation
• Keep record of all finance Natis documents and requests for dealer stock letters and trade‑in Natis
• Complete all aftermarket policy invoicing, including cost of sale action
• All warranties to be invoiced on DFS platform, whether cash or as part of a finance transaction
• Arrange quality checks on vehicles for pre‑owned warranties being sold
• Ensure an aligned process with Sales and F&I

Behavioural and Technical Competencies

• Analysing
• Coping with Pressures and Setbacks
• Deciding and Initiating Action
• Following Instructions and Procedures
• Persuading and Influencing
• Planning and Organising
• Signio platform
• Risk Analysis
• CDK invoicing
• Financial Acumen
• DFS Warranty invoicing
• Knowledge of NCA – National Credit Act
• Knowledge of COB – Class of Business
• Knowledge of FAIS – Financial Advisory and Intermediate Service Act 37 of
• Knowledge of FIC – Financial Intelligence Centre Act
• Knowledge of supplier certificates in place of dealership value‑added products

Compensation

• Competitive salary and incentives offered