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Finance And Insurance Manager Jobs in Springfield, MA

Insurance Underwriter

Springfield, MA · On-site

$100K - $300K/yr

Required: • Bachelors in Economics, Finance, Insurance, Risk Management, Business Administration, or similar field. • 2+ years of Excess - Umbrella, Excess & Surplus, Commercial, or similar ...

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Finance And Insurance Manager information

See Springfield, MA salary details

$24.9K

$97.8K

$170.4K

How much do finance and insurance manager jobs pay per year?

As of Jul 19, 2026, the average yearly pay for finance and insurance manager in Springfield, MA is $97,760.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,700.00 and $112,100.00 per year, depending on experience, location, and employer.

What is the difference between Finance And Insurance Manager vs Insurance Agent?

AspectFinance And Insurance ManagerInsurance Agent
CredentialsOften requires a finance or insurance license, sometimes a degree in finance or businessRequires an insurance license specific to the type of insurance sold
Work EnvironmentWorks in dealerships, banks, or financial institutions, managing financing and insurance processesWorks in insurance agencies, selling policies directly to clients
Employer & IndustryAutomotive dealerships, banks, or financial servicesInsurance companies, agencies, or brokerages
Search & Comparison IntentInterested in roles managing finance and insurance products within organizationsLooking to sell insurance policies and assist clients with coverage options

The main difference is that a Finance And Insurance Manager oversees the financing and insurance processes within organizations, often managing teams and client portfolios, while an Insurance Agent focuses on selling insurance policies directly to customers. Both roles require licensing and industry-specific knowledge but differ in responsibilities and work settings.

What does a Finance and Insurance Manager do?

A Finance and Insurance (F&I) Manager typically works at automotive dealerships and is responsible for helping customers secure vehicle financing and select insurance products. They act as a liaison between lenders, insurance companies, and customers, ensuring all paperwork is completed accurately and in compliance with regulations. F&I Managers also explain warranty options, insurance packages, and other add-on products to customers, aiming to enhance the dealership’s profitability while ensuring customer satisfaction. Their role requires strong communication, sales, and financial skills.

What are some common challenges Finance and Insurance Managers face when balancing customer satisfaction with compliance requirements?

Finance and Insurance Managers often need to navigate complex regulatory requirements while ensuring that customers have a positive experience during the sales process. Balancing transparency, accuracy, and thorough documentation with the need to keep the financing process efficient can be challenging. Success in this role requires strong communication skills to clearly explain financial products and compliance procedures, as well as attention to detail to avoid errors that could lead to regulatory issues. Building trust with both customers and dealership staff is crucial for long-term success.

What are the key skills and qualifications needed to thrive as a Finance and Insurance Manager, and why are they important?

To thrive as a Finance and Insurance Manager, you need strong analytical skills, financial acumen, a solid understanding of lending and insurance products, and typically a degree in finance, business, or a related field. Familiarity with dealership management software, loan processing systems, and relevant certifications such as AFIP are common requirements. Excellent negotiation, customer service, and communication skills help build trust and ensure customer satisfaction. These competencies are crucial for optimizing dealership profitability, ensuring compliance, and delivering a seamless buying experience.
What job categories do people searching Finance And Insurance Manager jobs in Springfield, MA look for? The top searched job categories for Finance And Insurance Manager jobs in Springfield, MA are:
What cities near Springfield, MA are hiring for Finance And Insurance Manager jobs? Cities near Springfield, MA with the most Finance And Insurance Manager job openings:
Infographic showing various Finance And Insurance Manager job openings in Springfield, MA as of July 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, 1% Temporary, and 4% Contract. Highlights an 92% Physical, 1% Hybrid, and 7% Remote job distribution, with an average salary of $97,760 per year, or $47 per hour.
Subaru Automotive Finance Manager

Subaru Automotive Finance Manager

Balise Motor Sales

Hadley, MA

Other

Medical, Dental, Life, Retirement, PTO

Re-posted 6 days ago


Job description

Finance Manager

The Finance Manager is responsible for providing exceptional customer service while helping customers and the sales staff choose and close vehicle sales and presenting products that protect their vehicle purchases. This individual also works with lenders to obtain financing approval and completes all vehicle purchases and associated paperwork accurately and on time. The F&I Manager is responsible for following up on and collecting receivables.

  • The Finance Manager reports day-to-day issues to the General Sales and General Manager.

Job Description:

Essential Functions -

  • Greet customers in a friendly and professional manner.
  • Present the first standard customer presentation ("pencil") of the vehicle(s) that they are interested in buying while explaining all the optional finance products available for the vehicle.
  • Assist in closing the deal according to the sales process set forth by Balise.
  • Assist sales managers in selling to ensure and maintain a respectable closing ratio.
  • Help customers choose protection packages for their vehicles by presenting all products and their benefits to all customers.
  • Ensure financing for customers by building professional relationships with lenders and working with them to get the best financing available for our customers.
  • Submit deals to the bank electronically using the appropriate dealer system.
  • Enter transactions accurately into CDK and bank approval systems (DealerTrack, Route One, CUDL, etc.).
  • Process all transaction paperwork and ensure it is accurate and meets the needs of the Office, state-specific DMV, and lender requirements.
  • Track deal receivables and follow up on outstanding items to ensure the collection of all money and bank stipulations for contract funding.
  • Stack and scan deals and get them to the office promptly
  • Interact with the sales team and managers to ensure transactions are completed accurately and to the customer's satisfaction.
  • Participate in store meetings, including Sales Receivables, Save-a-Deal, and Store Manager meetings.
  • Ensure that CIT and problem logs are worked on and cleaned up daily
  • Follow-up with customers as a courtesy reminder for purchased products requiring customer
  • Assist the Sales Team with customer engagement in the sales department during peak traffic times.

Performance Measurements & Expectations -

  • F&I Deal Average- $1,800 per copy and above
  • Electronic sign deal (E-sign) - 90% or higher
  • Warranty penetration- 45% or higher
  • Gap penetration - 30% or higher
  • Sealant penetration - 20% or higher
  • Maintenance penetration - 25% or higher
  • Road Hazard penetration - 20% or higher
  • Products per deal - 1.25 or higher

Environmental & Physical Requirements:

  • While performing the duties of this job, the employee is regularly required to sit, stand, walk, use hands and fingers to feel and handle, reach with arms and hands, talk, and hear
  • While performing the duties of this job, the employee may incidentally be required to stoop, kneel, and crouch, lift weight, or exert a force up to a maximum of 25 pounds

Benefits Include:

  • Health, dental, life and disability insurance
  • 401(k) with company match
  • Flexible spending accounts
  • Paid Time-Off
  • Communication skills - communicate effectively with others
  • Time Management - ability to manage one's own time
  • Typing - the ability to type efficiently to enter accurate information into the tracking system
  • Mathematics - the ability to solve basic math calculations.
  • Basic computer skills