Al-Futtaim Group

Finance & Insurance Manager | Al Futtaim Automotive | Electric Mobility | Riyadh

Competitive salary + benefits
20 Feb 2024
29 Feb 2024
Approved employers
Approved employer
Contract type
Full time
Experience level

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail, and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia, and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration, and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Overview of the role:

As the Finance and Insurance Manager within a dealership in Saudi Arabia, your primary focus is to efficiently manage the F&I (Finance & Insurance) process and drive sales. This includes achieving both personal and team targets set by the business. Your responsibilities encompass facilitating the sale of the maximum number of new and used vehicles, optimizing the sales of value-added products, and enhancing the sales of both conventional and Islamic Finance products. The ultimate goal is to maximize profits for the company while ensuring customer engagement remains paramount. You will take ownership of the end-to-end F&I (Finance & Insurance) performance and results, ensuring effective recording of customer data on our system, and managing the documentation flow between our business and banks.

What you will do:

  • Be able to demonstrate the skills, knowledge, and controls required to manage
  • Work with the Branch Sales Manager to deliver and grow F&I (Finance & Insurance) revenue
  • Adhere to SOP’S (Standard Operating Procedures) to deliver expected IPRU (Income Per Retail Unit) & KPI levels set for the Brand and Branch
  • Ensure all customers are second-faced 100% of the time
  • Ensure customers are given the world’s warmest welcome and are made to feel special. Be transparent at all times and make the buying experience easy and personal always
  • Ensure that quality time is spent with customers by asking relevant questions. Record the answers on the system to allow the correct selection of vehicle and value-added products for every customer
  • Have a meeting with the Sales Executives to discuss vehicle and value-added product selection for individual customers
  • Coach the Sales Executives through the structure of the offer to be presented to the customer.
  • Second face every customer before they leave the showroom.
  • Maintain and develop relationship with new and existing customers to ensure continued customer loyalty to the brand.
  • Ensure you and your Sales Executives are fully trained in products processes and systems required to achieve targets.
  • Ensure you are aware of all competitor products by doing mystery shopping exercises and collecting data directly from competitor showrooms.

Required skills to be successful:

  • Experience in selling finance and insurance products
  • Experience in customer-facing roles (Arabic speaking ideal)
  • Ability to manage sales staff in the referral of customers to the F&I (Finance & Insurance) Manager.
  • Experience and proficient in problem-solving and decision-making

About the team:

This role will be reporting to the Head of Sales.

What equips you for the role:

  • Bachelor in Accountancy, Finance, or a related subject
  • Professional communication and presentational (written and verbal) skills
  • Excellent interpersonal skills and a high level of emotional intelligence
  • Excellent customer interaction skills
  • At least 3 years experience in finance, banking or automotive

About Al-Futtaim Automotive

A major division of the UAE-based Al-Futtaim Group of companies, Al-Futtaim Automotive is an industry leader with presence in 10 countries across the Middle East, Asia, and Africa. Our core business activities at Al-Futtaim Automotive include distribution, manufacturing, leasing, and aftersales, and we are firmly established as the regional representative of some of the world’s most iconic automotive brands: Toyota, Lexus, Honda, Jeep, Chrysler, Dodge, Volvo and RAM as well as EV brands such as Polestar and BYD.

We are driven by a customer-centric approach, constantly pushing the boundaries on innovation, quality standards, and value-added service across our vast universe of customers - right from motoring enthusiasts to fleet operators to contractors. Our mission is to become the leader in custom-made mobility solutions by delivering nothing less than world-class omni-channel experiences. We channel our local expertise and global trust to deliver one of the most comprehensive portfolios of mobility products and solutions, from passenger cars to SUVs, electric vehicles to high-performance motorbikes, commercial vehicles to industrial & construction equipment.

What keeps the company moving forward is a 9000-member strong team, with inspiring possibilities for growth, throughout the career path. This is Al-Futtaim Automotive and we empower talent to move forward.

For further information, and to apply, please visit our website via the “Apply” button below.

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