Automotive Finance and Insurance Manager

5 days ago


Aberdeen, Maryland, United States Preston Automotive Group Full time
Job Overview

The Preston Automotive Group is seeking a seasoned Automotive Finance and Insurance Manager to lead our finance and insurance department. As a key member of our team, you will be responsible for overseeing all aspects of our finance and insurance operations, ensuring compliance with regulations, and driving business growth.

Key Responsibilities
  1. Finance and Insurance Operations: Manage all finance and insurance activities, including financing, leasing, and insurance products, to ensure seamless customer experiences and maximize dealership profitability.
  2. Relationship Building: Develop and maintain strong relationships with lending institutions and insurance companies to secure competitive financing and insurance rates for our customers.
  3. Deal Structuring: Collaborate with sales personnel to structure deals that meet customers' needs and optimize dealership profitability.
  4. Credit Application Review: Review customer credit applications and financial information to determine financing options and secure approvals.
  5. Customer Engagement: Present finance and insurance options to customers, explain terms and conditions, and assist in selecting appropriate products and services.
  6. Compliance and Risk Management: Ensure compliance with all federal, state, and local regulations governing automotive finance and insurance activities, and identify areas for improvement to minimize risk.
  7. Performance Analysis: Monitor and analyze finance and insurance performance metrics to identify opportunities for growth and implement strategies to optimize department profitability.
  8. Customer Service: Handle customer inquiries, concerns, and complaints related to finance and insurance products in a professional and timely manner.
Requirements
  • Core Values: Demonstrate a commitment to our company's Core Values of Integrity, Teamwork, Attention to Detail, Urgency, Personal Growth, and Community.
  • Experience: Minimum of 2-5 years of experience in automotive finance and insurance management, preferably with a proven track record of success in maximizing dealership profitability and customer satisfaction.
  • Skills: Strong understanding of finance and insurance products, regulations, and compliance requirements, as well as excellent communication, negotiation, and interpersonal skills.
  • Certifications: Relevant certifications, such as AFIP or F&I Manager Certification, are preferred.


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