Financial accounts managers

£19,760 Average salary at age 20
£47,840 Average Salary
37 Average hours per week

Description

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.

Main Tasks

  • 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.

What Financial accounts managers studied in higher education

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What Financial accounts managers studied in higher education
Occupation Percentage Value
(L7) Human & social geography1
(G1) Mathematics3
(W2) Design studies1
(L3) Sociology1
(C1) Biology2
(H3) Mechanical engineering1
(F1) Chemistry1
(C8) Psychology2
(F7) Science of aquatic & terrestrial environments1
(W3) Music1
(F8) Physical geographical sciences2
(Q3) English studies2
(L2) Politics4
(R4) Spanish studies1
(R1) French studies1
(N5) Marketing2
(M1) Law by area2
(M2) Law by topic2
(I2) Information systems1
(N8) Hospitality, leisure, sport, tourism & transport1
(B1) Anatomy, physiology & pathology1
(V5) Philosophy1
(F3) Physics1
(L1) Economics8
(N1) Business studies15
(X3) Academic studies in education1
(N4) Accounting8
(C6) Sport & exercise science2
(P3) Media studies1
(N2) Management studies8
(V1) History by period3
(N3) Finance8
(I1) Computer science1

UK Prospects

171700 Workforce Size
7.55% Predicted growth 2020 - 2027
38593 Predicted Replacement 2020 - 2027

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