Financial and accounting technicians

£47,320

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

Financial and accounting technicians work alongside accountants and other financial professionals in managing the financial affairs of organisations.

Qualifications

There are no formal academic requirements. Professional qualifications are available from the Association of Chartered Certified Accountants and the Association of Accounting Technicians. These qualifications can be linked to NVQs/SVQs in Accounting at Levels 2, 3 and 4. Exemptions to professional examinations may be granted to those with certain academic qualifications.

Typical tasks

  • maintains profit and loss accounts, budgets, cash flow forecasts and other accounting records;
  • produces, collates and reports financial information for managers;
  • liaises with clients to ensure that payments are made on time and credit limits are not exceeded;
  • ensures invoices and payments are correct and sent out on time;
  • monitors accounting systems to determine accounts are being maintained effectively and provides information on accounting practices to auditors.

Common job titles

Officer, trust
Senior, trust
Technician, accounting
Clerk, managing (accountancy)
Technician, account
Administrator, fund
Controller (banking)
Controller, financial
Technician (accountancy)
Technician, audit
Associate, business (banking)
Senior, audit
Administrator, trust (banking)
Administrator, insolvency

Education background

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