What are the responsibilities and job description for the F&I Director position at Vivage Client Career Site?
Job Description
Foundation Automotive is seeking a highly qualified and ambitious Finance Director for our Freestone Automotive dealership locations in Fairfield, TX. The Finance and Insurance (F&I) Director oversees the finance and insurance contract execution and product sales for the dealership. The F&I Director is responsible for supervising F&I Managers to deliver unit sales objectives on a daily, monthly and annual basis through additional revenue production generated by selling finance and insurance products to customers.
Why Foundation Automotive?
*Personal Automotive Discounts at all of our participating dealership partners
*Full Medical, Dental, Vision, Life Insurance & 401K Benefit Options
*Casual Work Environment and dress
*Performance Incentives and commissionable payouts
*Employee Appreciation Events and a family-oriented and people first culture
*FSA & HSA Accounts Available
*Company sponsored lunches
*Travel Assistance and Insurance
Essential Duties and Responsibilities
- Direct and manage a team of F&I Managers (non-supervisory) in the offering and selling of finance and insurance products including but not limited to financing, special financing, extended warranties and aftermarket products.
- Analyze monthly and annual forecasts in terms of product sales, gross profit objectives and departmental profits and take action to meet or exceed department objectives.
- Responsible for subordinate productivity, scheduling, quality measures, cost control and turn time standards.
- Ensure customer satisfaction throughout the F&I process.
- Adhere to dealership F&I policies and procedures established by the corporate office as well as generally accepted industry principles.
- Compliance with local, state and federal regulations.
- Ensure applicable controls are in place to monitor F&I practices and to safeguard dealership assets and customer data.
- Efficiently transition customers from sales to finance during the vehicle purchase process.
- Determine customer financing needs through consultative analysis.
- Present financing option quotes and products to enhance the customer’s ownership experience.
- Stay informed of current product knowledge to effectively recommend financing options and products to customers.
- Establish and maintain key relationships with lenders.
- Process finance transactions, lender approvals, contracts in transit to fulfill the contracting process in a timely and efficient manner.
- Continued focus on achieving and maintaining above average F&I penetration rates for extended warranties, service contracts and additional products.
- Maintain professional personal appearance.
- Adhere to consistent and reliable work schedule.
- Demonstrate ethical business practices and integrity in all interactions to uphold the Foundation Automotive brand.
- Effectively perform duties and responsibilities in a safe manner.
- Other duties as assigned
Qualifications
- Experience as an F&I Manager or similar position in a dealership environment
- Previous supervisory experience
- Ability to sell a minimum product quota according to dealership standards
- High School diploma or equivalent
- Successful completion of pre-employment screening
- Authorization to work in the USA
- Valid Driver’s license and acceptable driving record
Who We Are: Foundation Automotive is a growing international group with three stores (auto dealerships) in Canada and thirty-three in the United States. Our vision is to be the North American benchmark for top-tier automotive solutions and a company of trust, excellence, and innovation for our customers and employees – our mission is to provide modern automotive solutions across North America. We enrich the lives of our customers and employees by putting our Core Values first and are in the business of helping people succeed.
Our brands share a common vision that allow us to drive forward Employee Empowerment, Customer Satisfaction, Teamwork, Honesty and Integrity, Innovation and Continuous Improvement.
Together, we are Foundation Automotive.
Additionally, Foundation Automotive has assembled an all-star executive management team that has a shared vision of People-first oriented culture. As an organization that values integrity and doing what is right, you can rest assured that we can be held accountable to your success as well as delivering on a progressive open-door policy.