Finance & Insurance Manager Reports To: New Car Manager/General Sales Manager

Position Description
The position of Finance & Insurance Manager consists of ensuring production of revenue for the dealership through sales of finance and insurance programs to new and used car and truck customers.
Duties & Responsibilities
Sell finance and credit life, accident and health insurance to customers.
Establish business contacts with financial sources and factory credit divisions.
Coordinate approval from financial sources and factory credit divisions.
Provide sales incentives for finance and insurance.
Train salesperson to sell financing.
Establish finance forecasting in conjunction with sales department forecasting to achieve a         desire percent of penetration.
Attend managers' meetings.
Arrange for insurance companies for insurance paper.
Maintain insurance files.
Acquire necessary licenses for selling insurance on approval of General Manager.
Prepare monthly penetration reports on finance penetration and submit to General         Manager.
Ensure correct title, lien information, taxes etc., on all transaction document.
Provide all rate questions.
Oversee collection of finance and insurance fees.
Qualifications
High school diploma.
Ability to read and understand directions.
College Degree or commensurate experience in area of finance.
1 year minimum prior F & I experience.
Understanding of dealership finance and insurance procedures.
Familiarity with dealership computer system.
Excellent communication skills.
Excellent computer skills.
o Must be able to use ADP Desking, ADP Drive and other software systems as needed.

Compensation
Excellent and competitive compensation in the Chicago market with average earnings well over 100k. Medical insurance, 401k plans and demo vehicle or allowance.  

Working Conditions
Required to work in office environment at a desk, primarily at a video display terminal. Will be trained to use required dealership computer systems. May be required to call on finance sources off-premises.

We are an equal opportunity employer and a drug free workplace.

Position location(s) hiring
Company:

The Patrick Dealer Group

Location:

Schaumburg, IL 60173

 

Status:

Full Time Employee

 

Job Category:

Management

 

Contact Information 

The Patrick Dealer Group

526 Mall Dr., Schaumburg,

IL 60173

Submit resume to:

glishchynsky@patrickcars.com