Finance & Insurance Manager


An F&I Manager in a car dealership is responsible for assisting customers in securing financing options and insurance products for their vehicle purchases. They review credit applications, negotiate loan terms, and provide guidance on additional warranties and protection plans. F&I Managers ensure compliance with legal and regulatory requirements while maximizing revenue for the dealership through effective sales techniques and building relationships with lenders and insurance providers.

The F&I manager’s job is to secure each sale and ensure that every vehicle sold is delivered.


To be successful as an F&I (Finance and Insurance) Manager in a car dealership, a combination of skills, experiences, and education is required. Here are some key qualifications that are typically sought after in an F&I Manager:

  1. Finance and Insurance Expertise: A strong understanding of finance and insurance principles, regulations, and processes is essential. This includes knowledge of auto financing options, credit analysis, loan structuring, insurance products, compliance requirements, and industry best practices.
  2. Sales and Negotiation Skills: F&I Managers are responsible for maximizing revenue by offering and selling finance and insurance products to customers. Excellent sales and negotiation skills are necessary to effectively communicate the value of these products, address customer objections, and secure profitable deals.
  3. Customer Service Orientation: Providing exceptional customer service is vital in the F&I role. F&I Managers should have strong interpersonal skills, the ability to build rapport, and the capacity to understand and meet customer needs while delivering a positive and transparent experience.
  4. Compliance and Legal Knowledge: F&I Managers must have a thorough understanding of regulatory compliance requirements, such as those imposed by the Consumer Financial Protection Bureau (CFPB) and state-specific regulations. Knowledge of consumer protection laws, finance disclosure requirements, and privacy laws is crucial to ensure dealership compliance.
  5. Financial Analysis and Mathematics: Proficiency in financial analysis, including analyzing credit reports, determining interest rates, calculating loan payments, and evaluating profitability, is essential. Strong mathematical skills and attention to detail are necessary for accurate calculations and interpreting financial data.
  6. Industry Experience: Experience in the automotive industry, particularly in finance or dealership operations, is highly valued. Familiarity with dealership processes, manufacturer financing programs, and dealership management systems (DMS) can help F&I Managers quickly adapt to the specific dynamics of the dealership environment.
  7. Communication and Relationship Building: F&I Managers interact with various stakeholders, including customers, sales personnel, lenders, and insurance representatives. Effective communication, active listening, and relationship-building skills are crucial for collaborating, negotiating deals, and maintaining positive relationships.
  8. Ethical Conduct: Upholding ethical standards and maintaining the highest level of integrity are of utmost importance for an F&I Manager. Adhering to ethical guidelines and promoting fair and transparent business practices ensures customer trust and protects the reputation of the dealership.
  9. Education and Certifications: While not always mandatory, a bachelor’s degree in business, finance, or a related field can be advantageous. Additionally, obtaining industry certifications, such as the Association of Finance & Insurance Professionals (AFIP) certification, demonstrates expertise and a commitment to professional development.
  10. Technology Proficiency: F&I Managers should be comfortable working with technology and software systems commonly used in dealership operations, such as finance and insurance software, CRM tools, and DMS platforms.

These qualifications, skills, and experiences collectively equip an F&I Manager to effectively navigate the financial aspects of a car dealership, ensure regulatory compliance, and provide excellent customer service. Continuous learning, staying updated on industry trends, and refining these skills are crucial for success in this role.


  • Protects gross profit by arranging financing so outside sources do not have an impact on selling margins.
  • Establishes lender relations that tie the customer closer to the dealership.
  • Generates additional income through the sales of credit insurance, vehicle service contracts, GAP coverage and maintenance plans.
  • Maintains control of all paperwork until it is ready to be turned into the general office.
  • 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.
  • Checks all paperwork for correct title, lien information, taxes etc., before forwarding to accounting.
  • 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.
  • Maintains insurance files.
  • 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.
  • Prepares reports on finance penetration.
  • Attends managers meetings.
  • 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.
  • Maintains a professional appearance.
  • Maintains a clean and professional work environment.
  • Other tasks as assigned.




  • As noted in Interview