Financial accounts managers Pay Data UK — 2024

Financial accounts managers roles in the UK earn a median of £43,728 per year, equivalent to £23.08 per hour as of 2024. This represents a 7.9% increase in annual pay compared to the previous year. Pay varies across the UK, ranging from £30,128 to £75,865 per year.

How Pay Varies Across the UK

Each bar shows how many areas of the UK have a median annual pay in that range for Financial accounts managers roles. The dashed line marks the national median.

Based on sub-regional area data. Want a precise figure for your area?

About Financial accounts managers

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 Tasks and 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.

Related Occupations

Salary data is sourced from official UK pay datasets and updated periodically.