Career spotlight
Financial accounts managers
Average National Salaries (2022)
Age 20
£17,160
Age 35
£40,040
Age 50
£47,320
Average salary in the East Midlands: £41,600
What does this career do?
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.
Typical 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
Current entry requirements
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.
Percentage in work
Predicted employment status in 2022
Full-time
Part-time
Self Employed
Predicted employment levels in the East Midlands
Career related courses available at West Notts
About the statistics
Data is powered by LMI for All and is sourced from labour market statistics from the Office for National Statistics (ONS), the Institute for Employment Research, the Department for Works and Pensions, and the UK Commission for Employment and Skills.