Our dealership client in PE has a position for an F&I Business Manager

Criteria:
Grade 12
NCA card
FAIS accredited
RE certificate
Not still working under supervision


MAIN PURPOSE OF THE JOB
To process applications for vehicle finance on behalf of private customers and small companies with the objective of securing favourable finance while optimising the sales of second gross products. Ensure the vehicle is sold, delivered and paid for as policy and procedure dictates ensuring your Fit and Proper status at all times.

No. High Level Job Outputs

Submit application for vehicle finance on behalf of customer.

Ensure compliance.

Sell second gross products.

Generate reports and file documentation

Ensure client satisfaction.

Develop self.

Execute all agreed projects and maintain the initiative.

Adherence to company culture & ethics.

Quality requirements:
1 Manage all processes with regards to:
a. Loading of applications.
b. Obtaining financial approval.
c. Invoicing the relevant financial institution.
d. Submitting complete documentation to finance institutions.
e. Signing documentation on behalf of the financial institution and the dealership.
f. Client acceptance.
g. Updating the SERITI system.
h. Levels of authority i.e. approving documents by the properly mandated authority.

2. Ensure all documentation is valid, accurate and complete as per internal and external requirements.
3. Provide advice and information to the customer that is accurate, legally compliant and within the bounds of authority.
4. Negotiate with financial institutions to ensure competitive deals, rates and DIC’s are obtained.
5. Ensure all deals are 100% compliant as per the guidelines from Compliance Agency.
6. Monitor payout from financial institution.
7. Ensure payment is made in full on cash deals / deposits by the customer prior to delivery / transportation.
8. Ensure no payments for financed deals outside of agreed time limits due to deviations from process or incomplete documentation.