Job closed
Ref: HP324-720
Job description / Role
Job Purpose
To lead the Finance and Insurance (F&I) department and develop product offerings for Al Tayer Motors customers, designed to drive profitable growth. Manage relationships with F&I service providers while ensuring their compliance with agreed terms.
Strategic Roles and Responsibilities
* Develop the strategy/plan of Finance and Insurance and ensure alignment with Al Tayer Motors business plans
* Review financial forecasts for performance management purposes and extract data from systems and transpose them into pre-defined formats in order to report to management
* Ensure the implementation of and conformance to Finance and Insurance policies and procedures across department, and identify opportunities for continuous improvement
* Review the budget requirements of Finance and Insurance, and accordingly participate in the development of Al Tayer Motors budget?
Finance &Insurance Sales
* Facilitate close collaboration between the F&I and sales teams across the business to coordinate effective F&I coverage to support the business
* Review and monitor the results from the sale of F&I products and suggest new products or changes to existing products based on market conditions and sales trends
* Develop and manage appropriate pay plans for F&I in conjunction with sales to maximize volume and profitability
* Monitor maintenance of controls over pricing of F&I products including authorization of discounts where required
* Ensure availability and knowledge ability of F&I teams to respond to queries with respect to the F&I products
Finance &Insurance Development
* Develop compelling F&I product offerings based on market conditions and sales trends of Al Tayer Motors
* Identify potential third parties to support Al Tayer Motors in providing specialized F&I services to customers, including financial services institutions and insurance providers while engaging with them for a long term relationship
* Monitor F&I service providers to ensure their full compliance with agreed terms and to identify opportunities to further improve Al Tayer Motors offerings and services
* Ensure marketing plans and campaigns for F&I products support the sales objectives effectively, by proper coordination with the Customer Experience and Marketing department
Customer Service
* Ensure customers' needs are identified and fulfilled through accurate F&I product offerings
* Monitor customer complaints while ensuring continuous, interactive and proactive coordination with the Customer Interaction Center
* Monitor offers and discounts for F&I customers and liaise with Customer Experience and Marketing with regards to Al Tayer Motors' loyalty program in order to generate repeat customers
* Ensure that customers are fully informed regarding terms and conditions of each contract
Risk Management Roles and Responsibilities
* Manage function's risk by communicating and consulting with relevant internal and external stakeholders to identify risks and mitigate them as per pre-defined frameworks and procedures
* Raise awareness across Al Tayer Motors' leadership about the importance of risk management and attend actively risk management meetings across Al Tayer Motors and representing Al Tayer Motors at the group level
Performance Management
* Monitor performance of the F&I and identify areas of improvement and corrective actions
* Contribute to the annual and quarterly objective setting process for the business and how Al Tayer Motors measures its achievement level for these objectives
People Management Roles and Responsibilities
* Provide leadership and direction to subordinates towards the achievement of goals and objectives
* Guide, motivate, and evaluate subordinates on their performance, productivity and progress, while identifying training needs of team members to improve efficiency and ensure conformity with standard procedures and practices
* Ensure that team members acquire the required skills and knowledge through appropriate training programs, while identifying the appropriate gaps and training costs/benefits to ensure budgetary parameters are met
* Ensure potential successors are identified, developed, and trained for succession planning purposes
Requirements
Qualifications & Experience
* Bachelor's degree in Finance, Accounting, Economics or equivalent preferably in a business oriented discipline
* Minimum 15 to 20 years of experience in design F&I products, out of which 3 to 5 years in a Senior?Leadership role - preferably in the UAE
* Strong communication and negotiation skills
* Strong leadership and motivational skills
* Strong analytical skills
* Strong problem solving skills
* Strong networking skills
* Strong organizational and planning abilities
* Strong managerial skills and result oriented
* Strong inter-personal skills?
* Proficiency in Microsoft Office
* Preferably proficient in Autoline
About the Company
Established in 1979, Al Tayer Group is a privately-held, diversified company with operations in 12 countries in the Middle East and beyond. With over 7,800 employees from 95 different nationalities, the Group has its headquarters in Dubai, UAE.
Al Tayer Group operates leading, quality-focused businesses in automobile sales and service, luxury and lifestyle retail, perfumes and cosmetics distribution, engineering as well as interiors contracting. The Groups portfolio includes several of the worlds leading brands such as Armani, Bvlgari, Banana Republic, Ford, Ferrari, Gucci, Gap, Harvey Nichols and Maserati. The Group operates over 180 stores across multiple markets in the Middle East. In addition, Al Tayer Group has investments in commercial real estate, contracting, supply chain management, precision tools manufacturing and travel agency services.