Finance & Insurance (F&I) Manager

$100,000 - $200,000/Yr

Mazda of Salem - Salem, OR

Full-time

Salem, OR

About the position

The Finance and Insurance (F&I) Manager plays a crucial role in assisting customers with financing their vehicle purchases by collaborating with lending agencies. This position requires a thorough understanding of aftermarket options and warranties associated with vehicle sales, ensuring compliance with all relevant guidelines while maximizing profitability for the finance department.

Responsibilities

• Develop a comprehensive menu selling process to maximize the finance department's overall profitability and product penetration.
• Track portfolio with lenders.
• Review and inspect the flow of the department's paperwork on a daily basis to ensure a timely turnaround on all deals.
• Ensure all deals are fully compliant with local, state, and federal guidelines.
• Demonstrate commitment to supporting the sales department in achieving its goals.
• Be an example of professional morals, ethics, and excellent customer service.
• Work closely with sales team on enforcement of proper selling methods.
• Set and maintain finance department work schedule.

Requirements

• Minimum high school diploma or GED equivalent.
• Prior automotive experience preferred.
• Excellent communication and customer service skills.
• Professional appearance and work ethic.
• Self-motivation.
• Knowledge of regulatory and compliance requirements.
• Ability to work within a fast-paced environment.
• Clean driving record & valid driver's license.