SOC 2020 · 3534
Financial accounts managers
Immigration Rules Appendix Skilled Occupations from
Skilled Worker
Eligible
This occupation appears on Appendix Skilled Occupations.
Salary floor
£44,700
The going rate, £44,700, is the higher of the two.
Shortage lists
Not listed
This code is on neither the Immigration Salary List nor the Temporary Shortage List.
Salary the job must pay
A Skilled Worker job must pay at least the higher of the general threshold and the going rate for its occupation code.
Going rate (standard)
£44,700
General threshold
£41,700
Visa thresholds from
Minimum for this role
£44,700
Home Office going rates from
New entrants and some other cases can use 70% of the going rate, £33,400, subject to the lower general threshold of £33,400.
What this occupation actually pays
ONS Annual Survey of Hours and Earnings, full-time gross annual pay.
- UK pay for this occupation
- Going rate£44,700
- General threshold£41,700
View these figures as a table
| Percentile | Pay |
|---|---|
| 10th | £29,443 |
| 25th | £37,405 |
| 50th | £48,980 |
| 75th | £64,171 |
| Going rate | £44,700 |
| General threshold | £41,700 |
| Region | 10th | 25th | Median | 75th | 90th |
|---|---|---|---|---|---|
| UK 2025 | £29,443 | £37,405 | £48,980 | £64,171 | — |
| East 2025 | — | — | £43,862 | — | — |
| East Midlands 2025 | — | — | £41,421 | — | — |
| London 2025 | — | — | £61,549 | — | — |
| North West 2025 | — | — | £43,485 | — | — |
Job titles in this code
What the work involves
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
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.