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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

  • 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.

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.

Current Vacancies

Senior Financial Assistant
Shrewsbury - Shropshire Council - 2 Feb 2018
Financial Controller
Liverpool - Meadowcroft Group - 8 Feb 2018
Financial Analyst
Telford - Prince Personnel - 14 Feb 2018
Administrator
Liverpool - Serco Limited - 6 Feb 2018
Accountency Officer
Ormskirk - Service Care Solutions - 8 Feb 2018

What could I earn?

Salaries for this occupation tend to start at £23,000 per annum and can progress up to £55,000 per annum.

Is it in growth or decline?

There are currently 14,739 employed Financial Accounts Managers in the region.

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