Financial accounts managers

£46,407

Average salary

Average annual salary UK 2020 | Annual Survey of Hours and Earnings

37 hours

Average weekly hours

Average weekly hours UK 2019 | Annual Survey of Hours and Earnings

1.71%

Unemployment rate

Unemployment rate UK 2020 | Labour Force Survey

Definition: Financial accounts managers

*SOC Code (Standard Occupational Classification): 3538

Job holders in this unit group 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. These qualifications can be linked to NVQs/SVQs in Accounting at Levels 2, 3 and 4, and apprenticeships may be 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

Manager, services, client (financial services) Manager, relationship (bank) Manager, relations, client (financial services) Manager, banking, private Manager, customer (financial services) Manager, departmental (bank) Officer, vetting, credit Manager, accounts, financial Manager, control, credit Manager, account, customer (financial services) Manager, banking, personal Executive, banking, private Manager, support, finance Manager, account (bank) Manager, team, claims Manager, planning, commercial Manager, claims Manager, client (financial services) Manager, incident, personal Manager, accounts Manager, audit Manager, client (bank) Manager, planning, financial Manager, team, insurance Manager, customer (bank) Manager, relationship, client (financial services) Manager, investment Manager, derivatives Manager, customer (building society) Manager, house, acceptance Manager, department (insurance) Manager, account (building society) Manager, department (bank) Manager, account (insurance) Manager, departmental (building society) Manager, fund Manager, service, client (financial services) Manager, payable, accounts Manager, asset (financial services) Manager, credit Manager, team (banking) Banker, private Manager, team (insurance) Manager, account, client (financial services) Manager, department (building society) Manager, departmental (insurance) Manager, underwriting Manager, line, front (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.