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Career spotlight

Financial accounts managers

Average National Salaries (2020)

Age 20

£22,880 pile of coins

Age 35

£45,240 pile of coins

Age 50

£53,560 pile of coins
Average salary in the East Midlands: £35,360

What does this career do?

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.

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. These qualifications can be linked to NVQs/SVQs in Accounting at Levels 2, 3 and 4, and apprenticeships may be available in some areas.

Percentage in work

  • Employed

  • Unemployed

Male
(2020)
Female
(2020)

Due to insufficient sample sizes, some data was excised.

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.

Next steps

To ask us a question about this career or find out about our courses or apprenticeship opportunities please use the below form or give us a call.

Call our enquiries line free on

0808 100 3626

For more information on careers please visit our

Information, advice and guidance website

Why choose West Notts?

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Courses created in partnership with local employers to meet their specific workforce needs.

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Excellent student support services from careers and financial advice to health and wellbeing.

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We offer a flexible and cost-effective travel pass to all students and apprentices.

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We have nine campuses each boasting a number of state-of-the-art facilities.

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We offer a wide-range of FREE* adult courses.*subject to eligibility.

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