Job Summary
The Finance & Insurance (F&I) Manager is responsible for
arranging vehicle financing, presenting and selling finance and insurance
products, and ensuring all transactions comply with federal, state, lender,
manufacturer, and dealership requirements. This position works closely with the
Sales Department, lenders, and guests to provide financing solutions while
maximizing profitability, maintaining compliance, and delivering an exceptional
guest experience.
Essential Duties and Responsibilities
- Meet or exceed
monthly finance, product penetration, and profitability goals established
by dealership management.
- Review
completed vehicle sales transactions and interview guests to determine
financing and protection product needs.
- Secure
financing through approved lending institutions by matching guests with
appropriate loan and lease programs.
- Present all
available finance, insurance, and vehicle protection products in a
professional, ethical, and compliant manner.
- Explain
financing terms, payment options, warranties, service contracts, GAP
protection, maintenance plans, and other available products.
- Ensure all
required documents are completed accurately, signed, and submitted in a
timely manner.
- Verify that
every deal complies with dealership policies, lender requirements,
manufacturer programs, and applicable federal and state laws.
- Maintain
compliance with all regulations, including Truth in Lending (TILA), Equal
Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA),
Gramm-Leach-Bliley Act (GLBA), OFAC requirements, FTC regulations, and all
applicable state laws.
- Submit
contracts to financial institutions and follow up to ensure prompt
funding.
- Resolve
contract discrepancies, funding issues, stipulations, and lender requests
promptly.
- Maintain
positive working relationships with lending institutions, product
providers, and manufacturer representatives.
- Assist Sales
Associates and Sales Managers with deal structuring to maximize guest
satisfaction and dealership profitability.
- Review credit
applications and maintain confidentiality of all customer financial
information.
- Monitor
contract funding and work with accounting to resolve outstanding
receivables.
- Maintain
complete and organized deal jackets in accordance with dealership
standards.
- Complete all
manufacturer-required certification and compliance training.
- Attend sales
meetings, finance meetings, and training sessions as scheduled.
- Stay current on
lender programs, interest rates, compliance requirements, manufacturer
incentives, and industry best practices.
- Provide
exceptional guest service by answering financing questions and resolving
concerns in a professional manner.
Required Knowledge, Skills, and Abilities
- Strong
knowledge of automotive financing, leasing, and insurance products.
- Thorough
understanding of automotive finance regulations and compliance
requirements.
- Excellent
sales, negotiation, and closing skills.
- Strong
communication and presentation abilities.
- Ability to
explain complex financial information in an easy-to-understand manner.
- Excellent
customer service and relationship-building skills.
- Strong
analytical, mathematical, and problem-solving abilities.
- Excellent
organizational skills and attention to detail.
- Ability to
manage multiple transactions simultaneously while meeting deadlines.
- Ability to
maintain confidentiality and exercise sound judgment.
- Proficient in
dealership management systems (DMS), CRM software, lender portals, and
Microsoft Office Suite.
Education and Experience
Required
- High school
diploma or equivalent.
- Valid driver's
license with an acceptable driving record.
- Minimum of 2
years of automotive sales, finance, or related dealership experience.
Preferred
- Previous
experience as an Automotive Finance & Insurance Manager.
- Experience with
CDK, Reynolds & Reynolds, Dealertrack, RouteOne, or similar dealership
software.
- Manufacturer
F&I certification.
- College degree
in Business, Finance, or a related field.
Physical Requirements
- Frequently sit
for extended periods while reviewing documents and meeting with guests.
- Occasionally
stand, walk, bend, and reach throughout the dealership.
- Operate
standard office equipment, including computers, printers, scanners, and
telephones.
- Occasionally
lift up to 25 pounds.
- Ability to
drive dealership vehicles when necessary.
Working Conditions
- Fast-paced
automotive dealership environment.
- Frequent
interaction with guests, lenders, sales staff, management, and vendors.
- Flexible work
schedule, including evenings, weekends, and holidays as business needs
require.
- Performance is
driven by production goals, funding timelines, compliance standards, and
guest satisfaction.
Performance Expectations
Success in this position is measured by:
- Achievement of
monthly finance and product sales objectives.
- Finance reserve
and product gross profit performance.
- Product
penetration percentages.
- Contract
funding efficiency and accuracy.
- Compliance with
dealership policies and applicable laws.
- Guest
satisfaction and retention.
- Timely
completion of required documentation and manufacturer training.
Email Resume: Careers@hondahawaii.com