Finance and Insurance Business Manager

Overview

A Well-established Luxury Dealership, in Stellenbosch is seeking to employ a Financial and Insurance Business Manager (F & I) with at least 4 years working experience in a similar role to join their team.

Responsibilities

• Manage all administrative and contractual aspects for the company and other financial institutions
• Provide professional F&I expertise to existing, new and prospective Customers
• Keep up to date with all relevant finance and insurance products
• Identify individual customer financial and insurance needs
• Offer specialised finance and insurance products to new customers at a profitable second gross profit rate
• Ensure accurate completion of the finance and insurance application form
• Give final release of each and every approved transaction (cash and financed)
• Ensure all conditions and requirements from either the bank or insurance company have been fulfilled
• Ensure that all deposits or cash have been paid
• Ensure that the release note has been issued for financed deals
• Establish and maintain good professional and effective relationships with banks, insurance and other providers
• Consult and advise customers on Finance & Insurance products available
• Accurately and thoroughly complete and forward all applications to banks and insurance providers
• Review all collected Natis documents for trade in
• Participate in the F&I Retention program to maximise opportunities that arise from End of Term or Early Settlements
• Ensure that the dealership complies with all requirements as set out by the NCA, FAIS and FICA acts
• To ensure that any person acting on behalf of the dealership or a representative of any other provider does so in accordance with the fit and proper requirements as set out in the acts
• Ensure that the dealership complies to all compliance arrangements, record keeping and auditing requirements as prescribed in the acts
• Update daily progress report of Second Gross Sales on DOC (Daily Operating Control)
• Review basic monthly statistics of market penetration at banks and insurance providers

Qualifications

Context / Special Features / Challenges

Behavioural and Technical Competencies

In return a competitive salary and incentives are on offer

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