Financial & Insurance Manager
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Job description
JOB SUMMARY:
Reporting to the Sales Manager, the incumbent sells financing and insurance programs, as well as other relevant after-sales products, to buyers.
MAIN DUTIES:
• Sell financing, insurance, various protections, and warranties to customers;
• Process financing and leasing transactions accurately and fairly through financing sources for approval;
• Collaborate with Sales Managers to achieve a reasonable profit on each sale;
• Coordinate financing forecasts with sales department forecasts to achieve desired penetration and revenue levels;
• Establish and maintain good business relationships with multiple financing sources;
• Provide customers with detailed explanations of market products and warranties;
• Explain, in detail, the terms of service and manufacturer policies to customers;
• Handle the registration of new and used cars;
• Ensure the collection of all financing and insurance fees;
• Receive all credit applications;
• Process end-of-month commission sheets for payroll and accounting;
• Compile customer files and ensure their transfer to the dealership clerk;
• Train the sales team on the benefits of financing, insurance, and extended service programs;
• Understand and comply with federal, provincial, and municipal regulations pertaining to new and used car sales and finance;
• Present yourself professionally;
• Perform other duties as needed and as directed by management.
REQUIREMENTS:
• Be trained as a ''Financial & Insurance Manager” at a recognized financial institution;
• Have excellent command of French and English (spoken and written);
• Be comfortable using various computer programs;
• Be organized and have excellent work habits.
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