Semersky Enterprises, INC DBA Audi Exchange St. Charles is looking to add a Finance Manager to our excellent team of professionals. Audi Exchange St. Charles is a family owned and operated business and is one of the nation's top auto dealerships. We offer a high end experience for our customers and put a focus on exceptional service.
We offer competitive pay, a robust benefits package including medical, dental, and vision insurance and life insurance with the opportunity to participate in our 401k plan. Additionally, we offer the option to buy into other benefits such as Short Term Disability, Long Term Disability, Critical Illness, and Accident Insurance.
This is a commission based position, with commission of 12% of Finance reserve generated plus the total gross per vehicle retail at 18%. Additional incentives may apply.Â
SUMMARY
The Finance & Insurance Manager is responsible for ensuring that the sale of vehicles goes through.  The F&I manager’s job is to secure each sale and ensure that every vehicle sold is delivered. The individual selected for this role must possess an empathetic attitude and must be willing to work with clients of all backgrounds. The incumbent for this role will demonstrate strong mathematical competence and will be able to successfully secure financing for each vehicle sold. Additionally, the individual in this role must demonstrate the ability to clearly communicate with all parties involved and demonstrate the ability to clearly communicate through written communication. The F & I manager is responsible for ensuring that all paperwork and titling is completed and ensures successful delivery of the purchased vehicle.
ESSENTIAL DUTIES
- 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.
- Attends managers meetings.
- Handles all rate quotations.
- 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.
- Other tasks as assigned.
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