F&I Development Manager

COMPANY BACKGROUND

Love.

It's what makes Subaru, Subaru®.

As a leading auto brand in the US, we strive to be More Than a Car Company®.

Subaru believes in being a positive force in the communities in which we live and work, not just with donations but with actions that set an example for others to follow.

That's what we call our Subaru Love Promise®.

Subaru is a globally renowned automobile manufacturer known for its commitment to innovation, safety, and sustainability.

With a rich history dating back to 1953, Subaru has consistently pushed the boundaries of automotive engineering to deliver vehicles that offer not only exceptional performance but also a unique blend of utility and adventure.

Subaru's company culture is built on collaboration, diversity, and a shared passion for our product.

We foster an inclusive environment that encourages employees to bring their unique perspectives and talents to the table.

Our team members are driven by a common goal: to create exceptional vehicles that inspire and delight our customers.

SUMMARY

Manages all aspects of the compliance of all Finance & Insurance (F&I) products sold under the Subaru name at retailers including Subaru Added Security, Certified Pre-Owned (CPO), Maintenance, Subaru Equity Shield GAP, Subaru's private label gap product (GAP), Subaru Equity Shield Optimum Vehicle Protection (OVP), and Subaru's private label ancillary products (Tire & Wheel [T&W], Dent & Dint, and Windshield).

This entails designing changes in coverage and pricing; the management and design of incentive programs; implementing and receiving state approval on wording, rates, and terms; and maintaining responsibility for the operations of subsidiaries which are required for these products (Subaru Insurance Agency [SIAI], Subaru of America Services, Inc.

(SASI), and Subaru Extended Services Company LLC [SESC 634]).

Leads design, marketing, and strategy for the growth of Subaru Equity Shield GAP and OVP and evaluates and designs all new F&I products to be developed and sold by Subaru retailers.

Manages the Retailer Reinsurance program including contract negotiation with retailers, monitoring monthly results, and payment and supervision of all Pleaides (captive insurance) operations that relate to the Reinsurance program

MAJOR RESPONSIBILITIES


* Manages compliance with current state insurance laws relating to Added Security.
+ Assesses all changes in state law and secures licenses and approval on all new forms, rates, and changes to existing forms.

Works with the Sales department in drafting acceptable wording for all forms and brochures.
+ Prepares state filings.
+ Purchases bonds and letters of credit where required.
+ Assists the fronted insurance company with state audits and compliance issues.

• Establishes and maintains a relationship with state insurance departments.


* Maintains responsibility for the strategy, design, marketing and growth of Subaru Equ...