Regional Finance and Insurance Manager
Regional Finance and Insurance Manager

Regional Finance and Insurance Manager

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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Group 1 Automotive

At a Glance

  • Tasks: Drive Finance & Insurance performance across multiple stores and mentor teams for success.
  • Company: Join Group 1 Automotive, a leading name in the UK automotive retail industry.
  • Benefits: Enjoy 33 days of leave, exclusive discounts, and flexible working options.
  • Why this job: Shape strategies that accelerate growth and make a real impact in the automotive sector.
  • Qualifications: Proven F&I management experience in the automotive industry and strong leadership skills.
  • Other info: Dynamic environment with opportunities for training, development, and community volunteering.

The predicted salary is between 36000 - 60000 £ per year.

Overview

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 with our exclusive retail discounts
  • Drive a great deal with discounts on new and used cars, plus servicing offers
  • Plan for the years ahead with our company pension scheme
  • Balance home and work with our industry-leading family-friendly policies designed to help you spend more time with the people that matter
  • Commute for less with our cycle-to-work scheme
  • Prioritise your wellbeing with 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 difference with a paid day to volunteer in your community
  • Invest in your future with our company share purchase plan
  • Earn financial rewards when you refer a friend to join the team
  • Keep learning and growing with our training and development opportunities for everyone
  • Life assurance with the option to increase cover
  • We’re open to flexible working options — just ask

What you’ll 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; 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; monitor 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; assist 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 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
  • 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 and/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 driver\’s licence essential

About Group 1 Automotive

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.

Our Values

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.

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Regional Finance and Insurance Manager employer: Group 1 Automotive

Group 1 Automotive is an exceptional employer that prioritises employee wellbeing and growth, offering 33 days of annual leave, exclusive retail discounts, and a supportive work culture that values respect, integrity, and teamwork. With opportunities for training and development, flexible working options, and a commitment to community engagement, employees can thrive both personally and professionally while contributing to the success of a leading automotive retailer across the UK.
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 like a pro! Reach out to your connections in the automotive industry and let them know you're on the lookout for opportunities. You never know who might have the inside scoop on a role that’s perfect for you.

✨Tip Number 2

Get ready for interviews by researching the company and its values. Understand how they align with your own experiences, especially in F&I management. This will help you stand out as someone who truly gets what they’re about.

✨Tip Number 3

Practice makes perfect! Conduct mock interviews with friends or family, focusing on common questions related to finance and insurance in the automotive sector. This will boost your confidence and help you articulate your thoughts clearly.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our brand.

We think you need these skills to ace Regional Finance and Insurance Manager

F&I Management
Automotive Finance Products
Regulatory Compliance
Data Analysis
Performance Review
Customer Satisfaction Monitoring
Training and Mentoring
Leadership Skills
Communication Skills
Negotiation Skills
Dealership Management Systems (DMS)
Adaptability to Industry Trends
Relationship Management
Strategic Planning

Some tips for your application 🫡

Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Regional F&I Manager role. Highlight your achievements in F&I management and any relevant training or mentoring you've done.

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about the automotive industry and how your leadership can drive F&I performance. Be genuine and let your personality come through.

Showcase Your Analytical Skills: Since this role involves analysing F&I data, make sure to mention any experience you have with data-driven decision-making. Share examples of how you've used analytics to improve performance in previous roles.

Apply Through Our Website: We encourage you to apply directly through our website for the best chance of success. It’s the easiest way for us to see your application and get you on the path to joining our fantastic team!

How to prepare for a job interview at Group 1 Automotive

✨Know Your Numbers

As a Regional F&I Manager, you'll need to be comfortable with data. Brush up on key financial metrics and performance indicators relevant to F&I operations. Be ready to discuss how you've used data to drive sales and improve profitability in your previous roles.

✨Showcase Your Leadership Skills

This role involves training and mentoring teams, so highlight your leadership experience. Prepare examples of how you've successfully led teams, fostered collaboration, and developed talent in the past. Make sure to convey your ability to inspire and motivate others.

✨Understand Compliance Inside Out

Familiarise yourself with FCA regulations and compliance standards that affect F&I operations. Be prepared to discuss how you've ensured compliance in previous roles and how you would approach this in a multi-store environment. This shows you're serious about ethical practices.

✨Build Relationships

Strong relationships with finance and insurance providers are crucial. Think of examples where you've successfully built partnerships or collaborated with external stakeholders. Emphasise your communication skills and how you maintain these relationships for mutual benefit.

Regional Finance and Insurance Manager
Group 1 Automotive
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