3538- FINANCIAL ACCOUNTS MANAGERS

Job Title: 

FINANCIAL ACCOUNTS MANAGERS

Alternate Titles: 

Accounts manager,Audit manager,Credit manager,Fund manager,Relationship manager (bank)

Job 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.

Education: 

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.
Refer The S/NVQ framework for more details

NS-SEC: 

The simplified NS-SEC analytic class for this code is 2
The simplified NS-SEC operational category for this code is 4.2
Refer The National Statistics Socio-economic Classification for more details

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.
International Careers(ISCO): 
Similar O*NET Careers (USA) : 
Source Of Info: 

Office of National Statistics UK