Consultant: Finance & Insurance (Car Sales)

 

Recruiter:

Babantle Experts

Job Ref:

Consultant: Finance ..

Date posted:

Friday, April 29, 2022

Location:

nelspruit ext, Mpumalanga, South Africa

Salary:

Negotiable


SUMMARY:
To provide a service to potential buyers by selling finance, value added products and insurance so as to contribute positively to second gross profit.

JOB DESCRIPTION:

Requirements: 

  • Matric
  • Appropriate NQF 4 qualification with minimum 60 FAIS credits or equivalent (if employed as F&I before Dec 2008)
  • Retail Insurance Qualification and/or Generic qualification per Board
  • Notice 105 of FSP (New F&I Business after Dec 2009)
  • NCA accreditation
  • Valid driver’s license
  • FAIS and FICA Compliancy
  • Broad financial knowledge (APU, APL)
  • Well-developed understanding of relevant legislation
  • Well-developed knowledge of products and services related to the branch
  • Technical knowledge of all business processes and tasks related to the branch (functional Bank mandate expertise)

Responsibilities: 

  • Finance Process
  • Facilitate the arranging of finance for all branch customers
  • Upon receipt of sales lead, assist customer in completing the finance application form
  • Request FICA documentation from customer verified as per bank requirements
  • Upon receipts of completed application and relevant documents, capture customer information on the Fusion system within 1 hour
  • If deal is approved by bank, submit FICA documents for validation immediately
  • If deal is declined by bank, renegotiate finance with customer (e.g. larger deposit, cheaper car, less finance products, combined income, lower interest rate)
  • Inform customer of outcome and explain approval criteria
  • Inform Sales Representative of outcome
  • Authorize costing sheet for the Sales Representative to invoice
  • Deal file to be signed as all deals must be sighted by the Consultant: F&I Car Sales
  • All documents are filed in the Deal file and placed in storage
  • Ensure adherence to the POPI Act
  • Administration
  • Resolve queries within same day or escalate to Manager
  • Complete and submit month end report by 1st working day
  • Filing of FAIS / FICA documentation is maintained as per ICE standard
  • Manually signed warranties to be submitted to  F&I Department by 3rd working day monthly
  • All warranties to be incepted on the Fusion system Sales of Second Gross Products
  • Market and sell the optimum range of value-added products by determining customers needs and informing them of the product range available as per FAIS requirements
  • Inform customer that comprehensive insurance quotation will be obtained externally and to expect phone call from provider, if applicable
  • Capture insurance lead in the Fusion system
  • Before closing the deal, summarise the products sold and resolve any queries as per FAIS/FICA requirements
  • Request outstanding original FICA documents and insurance confirmation from the customer, prior to delivery of vehicle
  • Inform customer of accepted methods of payment (e.g. EFT, bank cheque)
  • Manage and promote the F&I process within the branch

 

NB! This job is now closed. You can apply for other jobs by uploading your CV.



 

 

 

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