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Financial Accounts Manager

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.

Tasks

  • Carries out and/or supervises general accounting and administrative work.
  • Establishes terms of credit and ensures timely payment by customer, renegotiates payment terms and initiates legal action to recover debts if necessary.
  • Checks customers.
  • Manages teams handling insurance claims.
  • Takes responsibility for the efficient and effective operation of several business accounts.
  • Develops and manages business accounts to increase sales of financial products.

Typical Education Level

Honours, Bachelor's degree

Will retirement created job openings

In the UK, 13% in this profession are aged 55 or above.* They will likely retire in the next 10 years, creating a demand for new workers

*This is based on national data

£31,595

Average annual earnings

The current average wage for financial accounts manager is £31,595

5,033 positions

Current Employment

The number of jobs in the career for the current year is 5,033. Job counts include both employed and self-employed persons, and do not distinguish between full- and part-time jobs.

jobs

Job Postings

Over the past year, jobs have been posted for financial accounts manager roles.

How well does it pay?

Normal pay for this occupation is £31,595 per year. That is about £2,633 per month or £16.20 per hour. New workers generally start on £13,641, while highly experienced workers can earn as much as £56,457

Is it growing or declining?

This career has remained the same over the last 2 years, and is expected to remain the same over the next 4 years. Currently, 5,033 people are employed in the region.

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