How to become a financial accounts manager
Official title: Financial accounts managers
Also called: Fund manager, Team manager, Asset manager, Audit manager, Claims manager, Client manager, Credit manager, Account manager, Accounts manager, Business manager, Customer manager, Mortgage manager
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.
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
How to become one
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.
Ways in
- Apprenticeship (England): Financial services administrator (level 3). England. Typically 12 months. Skills England standard ST0177.
- University: Arts & Humanities degrees, Offered by 27 universities in the UK
- University: Business & Commerce degrees, Offered by 27 universities in the UK
Pay · Outlook
- Median full-time pay: £48,980 a year The middle half earn £37,405 to £64,171.
- About 143,600 people work in this job now, and about 150,200 are projected by 2035. (+4.6%)
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Questions people ask
How do I become a financial accounts manager?
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.
How much does a financial accounts manager earn in the UK?
Median full-time pay is £48,980 a year (Office for National Statistics). The middle half earn £37,405 to £64,171.
Is a financial accounts manager a growing career in the UK?
Yes. Employment is projected to grow 5% by 2035, from about 143,600 to about 150,200 people (Department for Education).
Do you need a degree to become a financial accounts manager?
Not always. 55% of people in this job hold a bachelor's degree or higher. Ways in include: Arts & Humanities degrees; Business & Commerce degrees; Financial services administrator (level 3).
Sources
- Office for National Statistics: Annual Population Survey: employment by occupation (April 2025 to March 2026), OGL v3.0, retrieved 2026-10-03
- Office for National Statistics: SOC 2020 Volume 1: structure and descriptions (2026-08-27 edition), OGL v3.0, retrieved 2026-10-03
- Department for Education: Skills Imperative 2035: employment projections by occupation (2021 to 2035 (Warwick IER / Cambridge Econometrics)), OGL v3.0, retrieved 2026-10-03
- Office for National Statistics: Annual Survey of Hours and Earnings, Table 14 (2025 provisional), OGL v3.0, retrieved 2026-10-03
Updated 2026-10-03
Graduate outcomes: Discover Uni dataset, HESA (www.hesa.ac.uk), licensed under CC BY 4.0 (creativecommons.org/licenses/by/4.0). Aggregated by subject and adapted by Peernovo.