Mercedes-Benz of Lubbock is looking for an Automotive Finance & Insurance Manager to join our expansion into West Texas. For over 80 years, the Cavender Auto Family has strived to offer the best dealership experience by proudly serving our community, employees, and customers.

We offer an outstanding company culture where we understand and value work/life balance. We provide best-in-class benefits: paid vacation time, medical, vision, and dental insurance, 401k plans, and more. We create opportunities for career growth and progression, seeking to promote from within whenever possible. We invest in our employees by providing ongoing training and professional development. We love and support the communities our dealerships serve, and we are always looking for different ways to partner with organizations in our communities.

The Finance & Insurance (F&I) Manager sells new and used car buyers financing and insurance programs. F&I managers also work with financial lenders to give fair interest rates to buyers and programs. As with all positions within dealerships, F&I managers are expected to uphold the highest ethical standards.

Job Duties

Job duties for an F&I manager include:

• Offering vehicle financing and insurance to customers and providing them with a thorough explanation of aftermarket products and extended warranties and a complete explanation of manufacturer and dealership service procedures and policies.
• Seeking new lending institutions and maintaining good working relationships to secure competitive interest rates and financing programs.
• Processing financing and leasing deals accurately and securing approval through financial sources to secure approval and through the proper federal, state and corporate channels.
• Understanding and complying with federal, state and local regulations that affect the new and used-vehicle and finance departments.
• Creating and maintaining a program with the sales department that will ensure all new sales are referred to the F&I department.
• Training and providing the sales team with information on finance and lease programs and the benefits of the dealership’s financing and extended service programs.

Job Requirements

• It is recommended that the finance and insurance manager is recommended has two years of automotive sales experience and one year in a dealership management position.
• Managerial positions are required to maintain the profitability of their department while controlling expenses and maintaining customer satisfaction.
• Managers are required to not only understand and keep abreast of the federal, state, and local regulations that affect their operations.
• F & I personnel require strong communication skills in order to work with customers, employees and finance and insurance vendors as they represent the dealership.
• People working within the automotive retail industry often have to work extended hours, evenings and weekends to achieve their goals.

Education Requirements

A college degree or equivalent experience in finance is preferred. A strong background in business, mathematics, marketing and computers is also useful

We are an equal opportunity employer and prohibit discrimination/harassment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.