Inchcape is the leading global automotive distributor operating in more than 40 markets. We partner with some of the biggest brands in the business to power better mobility today and in the future.
Our diverse global team of over 20,000 talented people foster an inclusive and collaborative culture, championing a brilliant experience for our customers and partners. We’re a dynamic and fast-growing business, dedicated to shaping a successful and sustainable future for the industry.
Here, you will unlock your full potential with career opportunities and learning experiences. You’ll work with cutting-edge technology, ground-breaking innovation, and forward-thinking colleagues. If you are highly driven with a can-do attitude, and you bring out the best in yourself and others, then join us to power new futures.
POSITION OBJECTIVES (JOB SUMMARY)
The Finance and Insurance Specialist is mainly responsible for providing support to the Sales Department regarding customer financing, insurance, and other ancillary product requirements.
Ensures completion of F and I documents and requirements for accurate and effective collection of sales receivables from Banks and Auto Financing institutions.
F&I Specialist is expected to uphold the highest ethical standards.
KEY RESULTS AREA
DUTIES AND RESPONSIBILITIES
SALES/ CLIENT SERVICING ( 40% )
Offering vehicle financing, insurance, and other ancillary products 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.
Entails selling the customer as many products and services as possible to achieve profitable transactions for the dealer.
Entertains calls, requests for financing and insurance quotations, and other inquiries from clients and sales.
Prepares the required documentation, such as the Loan and Insurance Quotation Slip, Renewal Advice, and other ancillary product proposals.
Assist clients with Financing, Insurance, Claims, and other After-Sales unit concerns and coordinate with/refer said concerns to relevant units.
Monitor Motor Car Insurance by calling the clients on their renewal prior and after expiry date of the policies
Cross-sell other ancillary products to increase production ( Sales and Aftersales )
B.ACCOUNT ADMINISTRATION (20%)
PRIOR RELEASE OF THE UNIT
Process banks and financing auto loan applications
Checking and ensuring completeness and authenticity of all required documents for submission to accredited banks.
Coordinates and confirms Bank Purchase Orders, Company Purchase Orders for details, processing is already in order and payment instructions.
Negotiates Dealer’s Income and terms from established companies under the guidance of F&I Manager.
Counter checks computations of rate and dealer income from various banks.
Make sure payments thru Financing and PO transactions are orderly communicated with banks and Sales Consultants.
Responsible in coordinating insurance requirements as prerequisite to all financing transactions both in house generated or bank PO referral.
Ensure that all Financing and Insurance documentation are complete prior release of the unit.
Ensure that there are no unnecessary transactions between sales consultants, banks, insurance companies.
Prepares pertinent financing documents for customer presentation and signing.
B. ACCOUNT ADMINISTRATION (20%
POST DELIVERY OF THE UNIT
Responsible for completeness of documents of the following: ( TAT is 1 day )
Financing /Leasing
Insurance
Extended Warranty
Collates all financing requirements and forward to Credit and Collection for booking immediately after delivery ( TAT is 1 day )
Responsible for addressing Sales Admin-DSO for the immediate turn-over of documents and requirements.
Coordinates and monitors insurance applications to accredited insurance
Coordinates and assists Credit and Collection regarding collection follow-up with the banks with the completion, negotiation, and regularization of requirements.
Monitors monthly F& I performance.
3. System Updating (10% )
Responsible for checking and verifying the timely, accurate, complete entries of customer details to the CMI system about the following:
Financing Transaction
Down Payment Application
Amount Finance
Rate; Terms
Discount application and subsidies
Financing and Insurance computation and commission
Dealers Income of Financing loan
Premium computation and net premium payable.
Other Administrative Function (10% )
Maintains an organized filing system for policies and relevant documents
Diligently update the following reports to the Sales Admin Manager the status of the following :
Credit Application, Bank PO and credit inquiry status report.
Requirements and deficiencies status.
Booking Status Report and Collection Deficiencies
Perform specific tasks assigned in relation to financing and insurance functions.
JOB REQUIREMENTS
Educational Requirement
College Graduate in any related Business Course, Consumer Studies, and Management Studies.
Job Related Experiences
At least 2-3 years of related experience in Automotive Industry or Finance
Skills and Competencies
Financing Competency, Coordinating and Negotiating skills, Leadership Skills, Excellent Communication skills, and Customer Service proficient, Interpersonal skills,
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.
