Finance and Insurance Manager

Full Time
Minneapolis-Saint Paul, MN
Posted
Job description

Live where you work and play!

Thielen Motors in Park Rapids, Minnesota is searching for a full-time Finance and Insurance Manager to fill an immediate opening in our finance department. At Thielen Motors, we offer lucrative pay potential. The right candidate must have prior automotive F&I experience, a proven track record, and be willing to relocate to the Park Rapids, MN area. Up north Minnesota is the ideal location close to premier lakes, fishing, hunting, Itasca State Park.

About Thielen Motors

Thielen Motors is a family owned and operated GM dealership located in Park Rapids, MN. We have been in business for more than 45 years. Park Rapids, MN is a city in the Heartland Lakes region and is the county seat of Hubbard County located 185 miles northwest of Minneapolis, MN and 85 miles east of Fargo, ND. Park Rapids is near Itasca State Park, the source of the Mississippi River, as well as the beginning of the Heartland State Trail. Here at Thielen Motors, we offer an exciting, fun and dynamic culture that becoming a part of is not just about working for a dealership. It's about embracing our brand beliefs and becoming an integral part of an extraordinary team of individuals. At Thielen Motors, we strive to make every customer a customer for life. We want YOU to help us in this mission!

Responsibilities of a Finance and Insurance Manager

  • Controls the Sale: Secures each sale and ensures that every vehicle sold is
  • Establishes lender relations that tie the customer closer to the dealership.
  • Responsible for all paperwork involved with the sale of the vehicle, including obtaining customer signatures and securing payoff and insurance information.
  • 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.
  • 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.
  • Manages the alternative finance source program to ensure that several sources are available.
  • Seeks insurance companies for insurance paper.
  • Sets up and maintains a program that 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.
  • Handles all rate quotations.
  • Develops and monitors guidelines for working with customers to ensure maximum customer satisfaction.
  • 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.

Requirements of a Finance and Insurance Manager

  • College degree preferred or equivalent experience
  • Knowledge of dealership finance and insurance procedures
  • Professional personal appearance & excellent communication skills
  • Excellent verbal/written communication, strong negotiation, and presentation skills
  • Professional Appearance
  • Must be willing to submit to a background check

Benefits of a Finance and Insurance Manager

Thielen Motors offers a competitive benefit package including, vacation, 401k with profit sharing plan, health insurance, employee discounts, and more. Optional benefits to choose from include dental, life insurance and more.

Pay structure and full benefit specifics to be discussed in person after mutual interest is established.

Job Type: Full-time

Benefits:

  • 401(k)
  • Health insurance
  • Paid time off
  • Relocation assistance

Schedule:

  • Day shift

Supplemental pay types:

  • Commission pay

Ability to commute/relocate:

  • Minneapolis-Saint Paul, MN: Reliably commute or willing to relocate with an employer-provided relocation package (Required)

Work Location: In person

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