Lotus/BMW Motorcycles F&I Manager Job at AUDI JLR LOTUS BMW MOTO, Wilmington, NC

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  • AUDI JLR LOTUS BMW MOTO
  • Wilmington, NC

Job Description

Finance and Insurance Manager Lotus Cars and BMW Motorcycles is eager to add an Finance Manager to our progressive team. We are a family-owned dealership with a hands-on owner that is focused on growing the business and expanding our reach. Proven track record is a requirement for this position. Summary The finance and insurance manager utilizes finance, insurance and after-sale programs to generate additional revenue for the dealership. Core Responsibilities Sell financing and insurance packages to customers. Finance and insurance manager may be required to:

  • Explain aftermarket products and extended warranties to customers.
  • Nurture productive working relationships with multiple finance sources, and pursue competitive finance programs and interest rates through current and new lenders.
  • Convert cash transactions to finance.
  • Secure finance approval by accurately preparing finance/lease transactions through finance sources.
  • Prepare/file all government and dealer vehicle transaction reports in a timely manner.
  • Verify documents contain valid title, lien, and tax information prior to routing to accounting.
  • Receive all applications for credit.
  • Develop a system to yield 100% turnover to the finance and insurance department.
  • Manage insurance files, and pursue new insurance companies for insurance paper.
  • Field rate quotation questions.
  • Obtain current state insurance license and attend continuing credit insurance education as required to maintain license.
  • Explain dealership and manufacturer service policies to customers.
  • Regularly review financing, extended service and insurance programs with sales team.
  • Generate finance penetration reports, and coordinate with sales department to develop finance forecasts.
  • Verify insurance and finance fees are collected.
  • Review vehicle sale profits with sales manager.
  • Coordinate with customer service representative to develop strategies for maximizing customer satisfaction.
  • Coordinate with sales manager to develop departmental goals/objectives with achievement strategies.
  • Generate EOM commission reports for each member of sales team and forward to the payroll office.
  • Retain ample supply of all contracts and forms necessary to complete/finalize vehicle transactions.
  • Attend manager meetings.
  • Train a designated employee to perform these duties in the finance and insurance manager's absence.
In addition, finance and insurance manager should:
  • Possess basic math skills.
  • Be capable of speaking with customers or employees; reading/understanding manuals, operating and maintenance instructions, and safety regulations; and writing financial/marketing reports and other correspondence.
  • Be professional and courteous in attitude, wardrobe and grooming.
  • Uphold the highest ethical standards.
  • Understand and comply with current and future government regulations affecting new- and used-vehicle and finance departments.
  • Complete other duties as assigned.
Education and/or Experience Bachelor’s degree from four-year college/university, 1-2 years work-related experience/training, or an equivalent combination. Benefits
  • Health, dental, vision insurance
  • 401k match
  • Paid time off
  • Growth opportunities
  • Paid holidays
  • Close to the beach
  • Competitive pay
  • Employee discount program

Job Tags

Holiday work, Full time,

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