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Business Development Executive
2 months ago
We are seeking a highly skilled and experienced Automotive Finance and Insurance Manager to join our team at Ted Britt Automotive Group. As a key member of our sales team, you will be responsible for securing sales and ensuring that every vehicle sold is delivered to our customers.
Key Responsibilities- Protecting Gross Profit: Arrange financing to protect selling margins and ensure that outside sources do not impact our sales.
- Establishing Lender Relations: Develop and maintain strong relationships with lenders to tie customers closer to our dealership.
- Generating Additional Income: Sell credit insurance, vehicle service contracts, GAP coverage, and maintenance plans to increase revenue.
- Maintaining Control of Paperwork: Ensure that all paperwork is completed accurately and efficiently, and that all necessary documents are signed and secured.
- Converting Cash Deals to Finance: Process finance and lease deals accurately and fairly through financial sources to secure approval.
- Establishing and Maintaining Good Working Relationships: Develop and maintain strong relationships with finance sources, including manufacturers.
- Processing Finance and Lease Deals: Process finance and lease deals accurately and fairly through financial sources to secure approval.
- Conducting Business in an Ethical and Professional Manner: Ensure that all business is conducted in an ethical and professional manner, and that all customers are treated with respect and fairness.
- Processing Federal, State, and Dealer Paperwork: Complete all necessary paperwork related to vehicle transactions, including federal, state, and dealer paperwork.
- Understanding and Complying with Regulations: Understand and comply with federal, state, and local regulations that affect the new- and used-vehicle and finance departments.
- Completing Paperwork in a Timely and Efficient Manner: Complete all necessary paperwork in a timely and efficient manner, and ensure that all documents are accurate and complete.
- Checking Paperwork for Accuracy: Check all paperwork for accuracy, including title, lien information, taxes, and other necessary documents.
- Acquiring and Maintaining Current State Insurance License: Obtain and maintain a current state insurance license, and complete continuing credit insurance education as needed.
- Providing Customers with Information: Provide customers with complete explanations of manufacturer and dealership service procedures and policies.
- Managing the Alternative Finance Source Program: Develop and maintain a program to ensure that several alternative finance sources are available.
- Seeking Insurance Companies: Identify and secure insurance companies for insurance paper.
- Maintaining Insurance Files: Maintain accurate and up-to-date insurance files.
- Setting Up and Maintaining a Program: Develop and maintain a program to ensure 100% turnover to the F&I department.
- Providing Sales Force and Sales Managers with Information: Provide sales force and sales managers with current information about finance and lease programs.
- Training Sales Staff: Train sales staff on the benefits of financing, insurance, and extended service programs.
- Working with Sales Managers: Work with sales managers to secure a reasonable profit from every sale.
- Coordinating Finance Forecasting: Coordinate finance forecasting with sales department forecasting to achieve desired levels of penetration and income.
- Ensuring Collection of Finance and Insurance Fees: Ensure that all finance and insurance fees are collected.
- Taking Credit Applications: Take all credit applications.
- Preparing Reports on Finance Penetration: Prepare reports on finance penetration.
- Attending Managers Meetings: Attend managers meetings.
- Handling Rate Quotations: Handle all rate quotations.
- Developing and Monitoring Guidelines: Develop and monitor guidelines for working with customers to ensure maximum customer satisfaction.
- Supervising and Training a Designated Backup: Supervise and train a designated backup to ensure continued efficiency and profitability in the F&I manager's absence.
- Maintaining an Adequate Supply of Contracts and Paperwork: Maintain an adequate and current supply of all required contracts and paperwork needed for completion and finalization of car deals.
- Maintaining a Professional Appearance: Maintain a professional appearance.
- Maintaining a Clean and Professional Work Environment: Maintain a clean and professional work environment.
A successful F&I manager needs to possess product knowledge, professionalism, and empathy. Communication is essential in a business department, contributing to team-building with sales and the General Office.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Education and/or Experience: Bachelor's degree (B.A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.
- Language Skills: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers and customers.
- Mathematical Skills: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent.
- Certificates, Licenses, Registrations: AFIP certification