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East London: FINANCE & INSURANCE (F&I) MANAGER posted by Work Africa

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Job Description

About the Role

We are seeking a seasoned Finance & Insurance Manager to join our team in East London. As an integral part of our dealership, you will be responsible for managing all finance and insurance transactions while ensuring customers receive the best possible financing and insurance solutions while adhering to compliance regulations, maintaining profitability, and enhancing customer satisfaction.

Key Responsibilities

  • Arrange financing for vehicle sales
  • Present and explain available finance options
  • Offer insurance, extended warranties, maintenance plans, and value-added products.
  • Ensure all F&I processes comply with FAIS, FICA, and other regulatory requirements.
  • Complete and verify all necessary documentation accurately and timeously.
  • Maintain up-to-date knowledge of all finance and insurance legislation and dealership policies.
  • Conduct regular compliance checks to mitigate risk and avoid penalties.
  • Build trust and rapport with customers
  • Provide clear explanations of all terms, conditions, and obligations.
  • Resolve customer finance queries efficiently.
  • Work closely with the sales team to maximise vehicle and product sales.
  • Achieve monthly targets
  • Identify opportunities to increase dealership profitability through F&I products.
  • Maintain accurate records of all F&I transactions.
  • Prepare daily, weekly, and monthly sales and finance reports.
  • Monitor lender relationships and ensure competitive finance packages.

Requirements

  • Matric / Grade 12 (essential)
  • NCA (National Credit Act) accreditation (essential)
  • Driver’s license (essential)
  • FAIS accreditation RE5 (essential)
  • Minimum 35 years experience as an F&I Manager in a franchised motor dealership.
  • Proven track record of meeting and exceeding sales targets.
  • Knowledge of finance houses, insurance providers, and compliance regulations.
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Qualifications

  • Matric / Grade 12
  • NCA (National Credit Act) accreditation
  • Driver’s license
  • FAIS accreditation RE5

Salary & Benefits

Market related salary plus commission

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

About Automotive Service Jobs in Eastern Cape

The automotive service industry is a vital sector in Eastern Cape, South Africa, with numerous opportunities available for skilled professionals. Generally, the job market trends indicate a steady demand for skilled technicians and mechanics to cater to the growing number of vehicles on the road. Typically, this demand is highest in urban areas where there are more residents who own cars.

In terms of salary expectations, it’s common for automotive service roles to fall within broad ranges, typically ranging from R30 000 to R80 000 per annum, depending on factors such as experience, company size, and industry sector. However, these figures are subject to variation, and actual salaries may differ based on individual circumstances. For instance, experienced technicians with specialized skills or those working for larger companies may earn higher salaries.

Common skills required for automotive service roles include mechanical aptitude, problem-solving skills, attention to detail, communication skills, teamwork ability, adaptability, and technical knowledge of various vehicle systems. Typically, candidates with a National Diploma in Mechanical Engineering or Automotive Repair are well-suited for these roles.

The automotive service industry is often associated with the following sectors: manufacturing, logistics, financial services, and technology. These industries frequently require skilled technicians to maintain and repair their fleets of vehicles.

For career development, automotive service professionals can typically progress to senior technician or supervisor roles within a few years of experience. With further training or education, they may also pursue careers in management, sales, or technical training. Often, companies invest in employee development programs, providing opportunities for on-the-job training, workshops, and mentorship schemes.

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This information provides general career guidance. Actual salaries and requirements vary by employer.



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