The main purpose of the position is to make sure the compliance of the dealership is done efficiently in terms of FAIS & FIC, and to maximise 2nd gross profit through vehicle finance and the sale of approved value added products
 
Requirements:
RE5 Regulatory Examination A financial degree or studying toward one Knowledge of the National Credit Act (NCA) Knowledge of Class of Business (COB) Up to date CPD points Banking or previous F&I experience Computer literate in MS Word, Excel and Outlook Problem solving Administrative duties CDK Sale invoice and Purchase ledger  Key Responsibilities:
Manage all administrative and contractual aspects for Company and other Finance Institutions Provide professional F&I expertise to existing, new and prospect Customers Keep up to date with all relevant finance and insurance products Identify individual customer financial and insurance needs Offer specialized finance and insurance products to new customers at a profitable second gross profit rate Ensure accurate completion of finance and insurance application form Give final release of each and every approved transaction (cash and financed) Ensure all conditions and requirements from either bank or insurance company has been fulfilled Ensure that all deposits or cash has been paid Ensure that release note has been issued for financed deals Establish and maintain good professional and effective relationships with banks, insurance and other providers Consult and advise customers on Finance & Insurance products available Accurately and thoroughly complete and forward all applications to banks and insurance providers Review all collected Natis documents for trade in Participate in the F&I Retention program to maximize opportunities that arise from End of Term or Early Settlements Ensure that the dealership complies with all requirements as set out by the NCA, FAIS and FICA acts. To ensure that any person acting on behalf of the dealership or a representative of any other provider do so in accordance to the fit and proper requirements as set out in the acts. Ensure that the dealership comply to all compliance arrangements, record keeping and auditing requirements as prescribed in the acts. Update daily progress report of Second Gross Sales on DOC (Daily Operating Control) Review basic monthly statistics of market penetration at banks and insurance providers Compile and submit files with required documentation to financial institutions. Ensure that all transactions are followed up and paid out as soon as possible after delivery In return, a highly competitive salary is on offer.