Finance & Insurance (F&I) Manager

Position Title: Finance & Insurance (F&I) Manager

Employment Status: Full-Time (Exempt)

Reports To: Finance Operations Director, COO

Job Summary:

As the Finance & Insurance (F&I) Manager at Bomnin Automotive, you will be responsible for overseeing the financial aspects of vehicle sales transactions. Your role will involve working closely with customers to secure financing, selling additional F&I products, and ensuring compliance with all legal and regulatory requirements. You will play a vital role in helping our customers secure the best financing options and protect their automotive investments.

Key Responsibilities:

Financial Sales:

• Meet with customers to discuss their financing and insurance needs.
• Present financing options and additional F&I products to customers in a clear manner.
• Assist customers in completing financing applications and securing approval.
• Provide expert guidance on F&I products, including extended warranties, service contracts, and insurance.

Compliance and Documentation:

• Ensure that all financing and insurance transactions are conducted in compliance with state and federal laws and regulations.
• Maintain accurate and complete records of all F&I transactions.
• Review and explain all financing and insurance paperwork to customers, ensuring they understand the terms and conditions.

Customer Service:

• Build rapport with customers and establish trust to facilitate the F&I process.
• Address customer questions and concerns regarding financing and insurance options.
• Provide exceptional customer service throughout the sales process.

Team Collaboration:

• Collaborate with the sales team to streamline the sales process and enhance the customer experience.
• Communicate effectively with the Finance Operations Director and other departments to ensure smooth operations.

Product Knowledge:

• Stay informed about the latest F&I products and financing options.
• Attend training and professional development programs to enhance knowledge and skills.

Performance Metrics:

• Meet or exceed sales targets and financial goals established by the dealership.
• Monitor and report on key performance indicators related to F&I activities.