Financial accounts managers

Average National Salaries (2020)

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

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

• AAT Certificate in Accounting (Blended Learning) - Level 2
• AAT Diploma in Accounting (Blended Learning) - Level 3
• AAT Professional Diploma in Accounting - Level 4
• AAT Drafting and Interpreting Financial Statements - Level 4
• AAT Personal Tax - Level 4
• AAT Applied Management Accounting - Level 4
• AAT Internal Accounting Systems and Controls - Level 4
• AAT Assistant Accountant - Advanced Apprenticeship - Level 3
• AAT Professional Accounting Technician - Higher Apprenticeship - Level 4
• Maths A Level - Level 3

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.