3534 — Financial accounts managers

What this occupation covers

Financial accounts managers manage client accounts or departments within financial institutions (such as banks and insurance companies) or manage a variety of financial accounts within other organisations.

Typical duties

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 routes and qualifications

There are no formal academic requirements although professional qualifications in accountancy may be required by some employers. Vocational qualifications in Accounting are available at levels 2, 3 and 4, and apprenticeships are available in some areas.

Sponsorship information

Higher Skilled. Actual duties, sponsor, applicant, salary and any transitional or shortage-list conditions must be checked.

Full Table 1 going rate: £44,700 at 37.5 hours. The applicable salary requirement can differ: use the calculator.

DBS assessment

No code-wide DBS assessment is assigned. Check actual duties, activities, workplace, frequency and jurisdiction. This code does not determine the level of check.

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