£22,880
Average salary at age 20
£46,280
Average Salary
37
Average hours per week
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.Main 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.
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.What Financial accounts managers studied in higher education
| Occupation | Percentage Value |
|---|---|
| (L7) Human & social geography | 1 |
| (G1) Mathematics | 3 |
| (W2) Design studies | 1 |
| (L3) Sociology | 1 |
| (C1) Biology | 2 |
| (H3) Mechanical engineering | 1 |
| (F1) Chemistry | 1 |
| (C8) Psychology | 2 |
| (F7) Science of aquatic & terrestrial environments | 1 |
| (W3) Music | 1 |
| (F8) Physical geographical sciences | 2 |
| (Q3) English studies | 2 |
| (L2) Politics | 4 |
| (R4) Spanish studies | 1 |
| (R1) French studies | 1 |
| (N5) Marketing | 2 |
| (M1) Law by area | 2 |
| (M2) Law by topic | 2 |
| (I2) Information systems | 1 |
| (N8) Hospitality, leisure, sport, tourism & transport | 1 |
| (B1) Anatomy, physiology & pathology | 1 |
| (V5) Philosophy | 1 |
| (F3) Physics | 1 |
| (L1) Economics | 8 |
| (N1) Business studies | 15 |
| (X3) Academic studies in education | 1 |
| (N4) Accounting | 8 |
| (C6) Sport & exercise science | 2 |
| (P3) Media studies | 1 |
| (N2) Management studies | 8 |
| (V1) History by period | 3 |
| (N3) Finance | 8 |
| (I1) Computer science | 1 |
UK Prospects
139500
Workforce Size
2.85%
Predicted growth 2024 - 2027
16176
Predicted Replacement 2024 - 2027
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