Financial accounts managers

£45,760

Average Annual Pay

Annual Survey of Hours and Earning 2017

38

Average Weekly Hours

Annual Survey of Hours and Earning 2015

1.47%

Unemployment Rate

Labour Force Survey 2018

Future employment projections (Working Futures UK)

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.

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.

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.

Common job titles

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)

Education background

Destination of Leavers survey, supplied by the Higher Education Statistics.