Finance & Insurance Manager at Bud Clary Auto Group in Auburn, WA

Job description

• Produces additional revenue for the dealership by selling finance and insurance programs and other appropriate after-sale items to new- and used-vehicle customers.

Responsibilities

• Provides customers with thorough explanation of aftermarket products and extended warranties
• 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
• Educate customers on manufacturer’s warranty coverage on new and used vehicles (when applicable)
• Properly disclose all documents associated with the vehicle purchase, including finance/lease interest rates and loan terms
• Manages the alternative finance source program to ensure that several sources are available
• Provides 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
• Ensures collection of all finance and insurance fees
• Takes all credit applications
• Works closely with sales managers to establish sales department goals and objectives and ensures that they are achieved
• Handles all rate quotations
• Processes salespersons' "end of month" commission sheets for accounting office payroll
• 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

Requirements

• Acquires and maintains current state insurance license, completing continuing credit insurance education as needed

Skills

Required

• Current state insurance license
• Knowledge of finance and lease programs
• Ability to process paperwork accurately
• Customer service skills
• Training and supervision skills
• Ethical and professional conduct

Benefits

• Comprehensive Benefits Package: Health, dental, vision, and life insurance, plus an employee assistance program.
• Retirement Plans: 401(k).
• PTO & Paid Holidays - PTO accrual starting from day one of employment - 1 hour of PTO for every 40 hours worked for the first year, 1.63 hours of PTO for every 40 hours worked for years 2-9, and 2.39 hours of PTO for every 40 hours worked for 10 or more years of service.
• Employee discounts
• Referral bonus program
• $90,000 - $190,000 per year based on commission.