Finance & Insurance
Company: Fox Motors
Location: Chicago
Posted on: May 16, 2022
Job Description:
Job Description SUMMARY
- Produces additional revenue for the dealership by selling
finance and insurance programs and other appropriate after-sale
items to new- and used-vehicle customers.
ESSENTIAL DUTIES
- Essential Duties include the following. Other duties may be
assigned.
- Sells financing and credit life, accident, and health insurance
to customers.
- Provides customers with thorough explanation of aftermarket
products and extended warranties.
- Converts cash deals to finance.
- Establishes and maintains good working relationships with
several finance sources, including the manufacturer.
- Processes finance and lease deals accurately and fairly through
financial sources to secure approval.
- Conducts business in an ethical and professional
manner.
- Processes all federal, state, and dealer paperwork related to
vehicle transaction.
- Understands and complies with federal, state, and local
regulations that affect the new- and used-vehicle and finance
departments.
- Completes paperwork necessary for vehicle sales and leases in a
timely and efficient manner.
- Checks all paperwork for correct title, lien information,
taxes, etc., before forwarding to accounting.
- Acquires and maintains current state insurance license,
completing continuing credit insurance education as
needed.
- Provides customers with complete explanation of manufacturer
and dealership service procedures and policies.
- Seeks new lending institutions to secure competitive interest
rates and finance programs continually.
- Manages the alternative finance source program to ensure that
several sources are available.
- Seeks insurance companies for insurance paper.
- Maintains insurance files.
- Sets up and maintains a program which will ensure 100 percent
turnover to the F&I department.
- Provides sales force and sales managers with current
information about finance and lease programs continually.
- Trains the sales staff regarding the benefits of financing,
insurance and extended service programs.
- Works with sales managers to secure a reasonable profit from
every sale.
- Coordinates finance forecasting with sales department
forecasting to achieve desired levels of penetration and
income.
- Ensures collection of all finance and insurance fees.
- Takes all credit applications.
- Prepares reports on finance penetration.
- Works closely with general sales manager to establish sales
department goals and objectives and ensures that they are
achieved.
- Attends managers meetings.
- Handles all rate quotations.
- Develops and monitors guidelines for working with customers to
ensure maximum customer satisfaction.
- Processes salespersons' "end of month" commission sheets for
accounting office payroll.
- Supervises and trains designated backup to ensure continued
efficiency and profitability in the F&I manager's
absence.
- Maintains an adequate and current supply of all required
contracts and paperwork needed for completion and finalization of
car deals.
- Maintains a professional appearance.
- Maintains a clean and professional work environment.
Requirements
MARGINAL DUTIES
- Marginal Duties include the following. Other duties may be
assigned.
SUPERVISORY RESPONSIBILITIES
QUALIFICATIONS
- 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.
PHYSICAL DEMANDS
- The physical demands described here are representative of those
that must be met by an employee to successfully perform the
essential functions of this job. Reasonable accommodations may be
made to enable individuals with disabilities to perform the
essential functions.
WORK ENVIRONMENT
- The work environment characteristics described here are
representative of those an employee encounters while performing the
essential functions of this job. Reasonable accommodations may be
made to enable individuals with disabilities to perform the
essential functions.
Job Details
Employee Type Full Time Location 2501 N ELSTON AVE
CHICAGO, IL 60647 Job Category Finance and Insurance Experience
Date Posted 12/28/2016
About Us
Keywords: Fox Motors, Chicago , Finance & Insurance, Accounting, Auditing , Chicago, Illinois
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