The Datum Report

Occupation 3534 · Associate professional occupations

Financial accounts managers

Half of full-time financial accounts managers in the UK earn more than £48,980 a year, and half earn less.

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.

How people enter it

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.

What the work involves

• 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

Also called

Accounts manager · Audit manager · Credit manager · Fund manager · Mortgage unit manager · Relationship manager (bank)

What it pays

How pay has changed

Median gross annual pay for financial accounts managers, full-time employees, 2023 to 2025. Each point is that year's ASHE April snapshot as published — revisions are not backfilled into earlier years, and a year ONS withheld is a gap rather than a joined line.

ONS, ASHE Table 14 - occupation by four-digit SOC (national). Table

Year-on-year change

The change from each year to the next, in per cent, computed from the figures in the chart above — so the two cannot disagree.

ONS, ASHE Table 14 - occupation by four-digit SOC (national). Table

Pay by region

Median gross annual pay for full-time employees, ranked, against the UK figure. 10 of 11 regions are published: ONS withholds a cell where the survey sample cannot support it, and those are shown as gaps rather than dropped — an absent region is not a region without the work in it.

ONS, ASHE Table 14 - occupation by four-digit SOC (national). Period 2025. Table

Every regional figure

ONS does not publish occupational pay below region. Cells the survey could not support are shown as withheld, with its reason — adding a region split to a specific occupation leaves roughly a tenth of cells publishable.

Common questions

Classified alongside this

Brokers · Financial and accounting technicians · Insurance underwriters