At a Glance
- Tasks: Lead F&I performance across multiple stores, driving sales and compliance.
- Company: Join Group 1 Automotive, a leading UK automotive retailer with over 7000 dedicated colleagues.
- Benefits: Enjoy 33 days of leave, exclusive discounts, flexible working, and a company pension scheme.
- Why this job: Shape strategies, mentor teams, and make a real impact in a dynamic environment.
- Qualifications: Experience in F&I management, strong leadership skills, and a valid driver's licence required.
- Other info: Diversity is valued; we encourage enthusiastic applicants eager to learn.
The predicted salary is between 48000 - 72000 £ per year.
Regional F&I Manager
Your Leadership, Our Future. Shaping strategies to accelerate growth and deliver results.
As Regional F&I Manager, you will be responsible for driving Finance & Insurance (F&I) performance across multiple stores within one or more Group 1 divisions. You will have the opportunity to oversee F&I operations, implement strategies to increase F&I sales & profitability as well as finance renewals performance, whilst ensuring compliance with regulatory requirements. As Group 1 is a UK-wide business, it will be necessary to work with stores spread across a wide geographical region so regular travelling will be required.
This role involves training and mentoring store teams, fostering collaboration across departments, and maintaining strong relationships with finance and insurance providers.
What we can offer you
- Enjoy 33 days of annual leave(including bank holidays) to rest and recharge
- Save money every day withour exclusive retail discounts
- Drive a great dealwith discounts on new and used cars, plus servicing offers
- Plan for the years aheadwith our company pension scheme
- Balance home and workwith our industry-leading family-friendly policies designed to help you spend more time with the people that matter
- Commute for lesswith our cycle-to-work scheme
- Prioritise your wellbeingwith dedicated support for you and your family
- 24/7 access to healthcare professionals, ensuring you get the expert advice you need quickly and easily
- Make a differencewith a paid day to volunteer in your community
- Invest in your futurewith our company share purchase plan
- Earn financial rewardswhen you refer a friend to join the team
- Keep learning and growingwith our training and development opportunities for everyone.
- Life assurancewith the option to increase cover
- Were open toflexible workingoptions just ask
What youll do day to day
- Conduct regular F&I performance reviews with store management teams to identify opportunities for improvement, setting and monitoring performance targets and sharing best practice through collaborative initiatives
- Analyse F&I data to develop and implement strategies for enhancing product penetration, profitability, and customer satisfaction to prepare and present reports on regional F&I performance
- Ensure a seamless and customer-friendly process during vehicle purchases, with clear communication of finance options and product benefits, monitoring customer satisfaction scores related to F&I services. Address issues or complaints promptly and develop strategies to maintain and improve customer loyalty through tailored finance solutions
- Work closely with Franchise and Brand Directors to align F&I objectives with overall sales goals, ensuring a unified customer experience, assisting with structuring offers and campaigns to balance customer satisfaction and dealership profitability
- Identify training and coaching opportunities for Business Managers and store sales teams, providing tailored support on an individual or group basis and developing and mentoring future talent
- Collaborate with divisional teams to develop promotional finance packages that drive vehicle sales
- Host divisional F&I reviews and F&I workshops as well as support other divisional meetings to provide F&I updates to HOBs and sales managers
- Oversee finance retention performance across store locations to achieve and exceed growth targets
- Work closely with the central loyalty team to ensure there is an aligned approach between them and the store teams
- Ensure all store locations comply with FCA regulations and company policies, including Consumer Duty standards
- Work with the group compliance audit team and provide follow-up actions where required to ensure adherence to legal and ethical standards, and stay updated on changes in relevant laws and regulations, providing training and guidance to maintain compliance across all F&I operations
- Maintain strong relationships with the key F&I providers within the region/division, including finance companies and product providers and stay informed about new products and financing options
Helpful skills and qualifications
Dont worry about ticking off every single skill here- if you care about delivering great experiences as much as we do, we want to hear from you
- Proven experience in F&I management within the automotive industry, preferably across multiple dealership locations
- In-store sales and F&I experience in a role such as Business Manager &/or Sales Manager preferred
- Strong understanding of automotive finance products, insurance offerings, and regulatory compliance
- Demonstrated success in increasing F&I product penetration and profitability
- Excellent leadership, communication, and negotiation skills
- Experience in training and mentoring teams to enhance performance
- Ability to present to groups of people in an engaging and effective way
- Analytical and data-driven mindset, with proficiency in dealership management systems (DMS) and finance software
- Ability to adapt to changes in industry trends, legislation, and technology
- Valid drivers licence essential
We value diversity and believe it strengthens our team. If you dont meet every requirement listed but are enthusiastic about this role and eager to learn, we encourage you to apply.
Be part of something big
Group 1 Automotive is on an exciting growth journey. We are home to over 7000 colleagues dedicated to providing exceptional customer service, with 114 dealerships in the UK, representing 21 brands at the forefront of automotive retail.
But you dont need to love cars to work with us- just need to share our mission to create outstanding and trusted experiences for our customers, our partners, and our people.
Our Values
At Group 1 Automotive we pride ourselves on our five core values that are incorporated in all that we do.
Respect – Integrity – Transparency – Teamwork Professionalism
These are the principles that every member of our team lives by, whether that be business functions, customer interactions, how we interact with the local community and even how we view each other in the team.
JBRP1_UKTJ
Regional Finance and Insurance Manager employer: Group 1 Automotive
Contact Detail:
Group 1 Automotive Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regional Finance and Insurance Manager
✨Tip Number 1
Network with professionals in the automotive finance sector. Attend industry events or join relevant online forums to connect with others who may have insights or leads on opportunities at Group 1 Automotive.
✨Tip Number 2
Familiarise yourself with the latest trends in automotive finance and insurance. Being knowledgeable about current products and regulatory changes will help you stand out during interviews and discussions.
✨Tip Number 3
Prepare to discuss your leadership style and how you've successfully trained and mentored teams in the past. Highlight specific examples that demonstrate your ability to drive performance and foster collaboration.
✨Tip Number 4
Research Group 1 Automotive's values and culture. Tailor your conversations to reflect how your personal values align with theirs, particularly around respect, integrity, and teamwork, to show you're a great fit for their team.
We think you need these skills to ace Regional Finance and Insurance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance and insurance management, particularly within the automotive industry. Emphasise any leadership roles and achievements that demonstrate your ability to drive performance across multiple locations.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities outlined in the job description, such as training teams and enhancing customer satisfaction through tailored finance solutions.
Showcase Analytical Skills: Since the role requires an analytical mindset, include examples of how you've used data to drive decisions in previous positions. Mention specific metrics or outcomes that resulted from your analysis to demonstrate your impact.
Highlight Compliance Knowledge: Given the importance of regulatory compliance in this role, make sure to mention your understanding of FCA regulations and any experience you have in ensuring adherence to legal standards in previous roles.
How to prepare for a job interview at Group 1 Automotive
✨Showcase Your F&I Expertise
Make sure to highlight your experience in Finance & Insurance management, especially within the automotive industry. Be prepared to discuss specific strategies you've implemented in previous roles that led to increased sales and profitability.
✨Demonstrate Leadership Skills
As a Regional F&I Manager, you'll be expected to lead and mentor teams. Share examples of how you've successfully trained and developed staff in the past, and how you foster collaboration across departments.
✨Prepare for Data-Driven Discussions
Since the role involves analysing F&I data, come equipped with insights from your previous experiences. Be ready to discuss how you've used data to drive performance improvements and customer satisfaction.
✨Understand Regulatory Compliance
Familiarise yourself with FCA regulations and compliance standards relevant to the role. Be prepared to discuss how you've ensured adherence to these regulations in your past positions, as this is crucial for the role.