3534 Financial accounts managers

In short

• ONS unit group 3534, in minor group 353 (Finance associate professionals) and major group 3 (Associate professional occupations).
• Appendix Skilled Occupations (figures as at 3 August 2026, re-checked 26 October 2026): On the list: Table 1, Table 2.
• Going rate as the tables print it:
  • Table 1, Going rate (SW – options A and D): £44,700 (£22.92 per hour)
  • Table 2, Going rate (SW – options F and I, GBM and SCU): £34,800 (£17.85 per hour)

What the ONS says

Description

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 entry routes

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.

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

Related job titles

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

What the Appendix Skilled Occupations says

The Appendix lists this code in the tables below, with the tables’ own caption and the row as printed. Read the full table, and any condition in it, on GOV.UK.

Table 1: Eligible SOC 2020 occupation codes and related going rates based on median Annual Survey of Hours and Earnings (ASHE) data

SOC 2020 occupation code

3534 Financial accounts managers

Examples of related job titles (non-exclusive)

• Claims managers
• Credit managers
• Investment managers
• Relationship managers
• Financial accounts managers not elsewhere classified

Going rate (SW – options A and D)

£44,700 (£22.92 per hour)

90% of going rate (SW – option B)

Not applicable

80% of going rate (SW – option C)

Not applicable

70% of going rate (SW – option E)

£33,400 (£17.13 per hour)

Eligible for PhD points (SW)?

No

Table 2: Eligible SOC 2020 occupation codes and related going rates based on 25th percentile Annual Survey of Hours and Earnings (ASHE) data

SOC 2020 occupation code

3534 Financial accounts managers

Equivalent SOC 2010 occupation code(s)

1150, 3538

Examples of related job titles (non-exclusive)

• Claims managers
• Credit managers
• Investment managers
• Relationship managers
• Financial accounts managers not elsewhere classified

Going rate (SW – options F and I, GBM and SCU)

£34,800 (£17.85 per hour)

90% of going rate (SW – option G)

Not applicable

80% of going rate (SW – option H)

Not applicable

70% of going rate (SW – option J, GTR)

£25,000 (£12.82 per hour)

Eligible for PhD points (SW)?

No

Other unit groups in minor group 353

• 3531 Brokers
• 3532 Insurance underwriters
• 3533 Financial and accounting technicians

Sources

Occupation text: Office for National Statistics, SOC 2020 Volume 1: structure and descriptions of unit groups (file dated 27 August 2026, version V13). Contains public sector information licensed under the Open Government Licence v3.0. Open Government Licence v3.0. Tables: Home Office, Immigration Rules Appendix Skilled Occupations on GOV.UK, page updated 3 August 2026; re-checked against the page updated 8 October 2026 on 26 October 2026, tables unchanged.

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