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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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