Finance and investment analysts and advisers
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Definition: Financial accounts managers
*SOC Code (Standard Occupational Classification): 3534
Financial accounts managers manage client accounts or departments within financial institutions (such as banks and insurance companies) or manage a variety of financial accounts within other organisations.
Common tasks include:
- develops and manages business accounts to increase sales of financial products
- takes responsibility for the efficient and effective operation of several business accounts
- manages teams handling insurance claims
- checks customers’ credit rating with banks and credit reference agencies, and decides whether to offer credit
- establishes terms of credit and ensures timely payment by customer, renegotiates payment terms and initiates legal action to recover debts if necessary
- carries out and/or supervises general accounting and administrative work
Qualifications
There are no formal academic requirements although professional qualifications in accountancy may be required by some employers. Vocational qualifications in Accounting are available at Levels 2, 3 and 4, and apprenticeships are available in some areas.
*Introduced in 1990, SOC is a multi-purpose common classification of occupations in UK. Jobs are defined in terms of skill level and skill content, including qualifications, training and work experience.
Employment status: Financial accounts managers
Regional employment: Financial accounts managers
Future employment: Financial accounts managers
Top 12 industries: Financial accounts managers
Alternative & related job titles: Financial accounts managers
Accounts manager Audit manager Credit manager Fund manager Mortgage unit manager Relationship manager (bank)
Equality focus: Financial accounts managers
Breaking down the official government big data sources by gender, age and region. Hours and pay data based on full time equlivalent roles.
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Average pay per week (£): Financial accounts managers
Average weekly hours by UK region/nation: Financial accounts managers
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