Jobs and Careers Summer 2023 - 378

FINANCE
qualification with CIMA, and CIMAqualified
professionals earn, on average,
just over £64,000, including bonuses.
Credit manager
Credit managers oversee finance offered
by their company and manage the debts
owed. This means making decisions as
to when to offer credit, checking credit
ratings and ensuring payments are made.
You may have to handle tricky issues such
as recovering debts or starting legal action.
What skills and qualifications do I need?
There are various routes in, including
degrees and diplomas in business, finance
or accounting. Apprenticeships are also
available if you have good enough GCSEs.
Advanced qualifications are available
from the Chartered Institute of Credit
Management (CICM).
How much can I earn? Gaining a college
diploma or completing an apprenticeship
will let you enter the industry as a credit
controller on around £16,000. As a
graduate, you'll earn closer to £27,000.
Senior credit managers can earn £50,000.
Actuary
An actuary assesses the risk of events
and their possible financial implications,
in industries such as banking, investment
management, insurance and pensions.
Using mathematical modelling techniques,
you will analyse probability and risk,
prepare presentations and reports, and
develop new financial products.
What skills and qualifications do I need?
You'll need a degree in actuarial science,
" I love the fast-paced environment
and new challenges "
Adella Hives is a Junior Associate Director
at Pacific Asset Management
I joined Pacific Asset Management (PAM) in 2021 as a Junior Analyst,
and was quickly promoted to Analyst. I had a dual role in compliance
and marketing, which allowed me to learn the fundamentals of the
business. I'm now a Junior Associate Director.
I was attracted to PAM because I was impressed by its growth, and its diverse
senior leadership team. When I interviewed for numerous graduate roles, it was
evident PAM cared about its people - I'd be part of something greater, where
I could make a difference.
I graduated from The London Institute of Banking & Finance with a First
Class BSc (Hons) in Banking & Finance, and also had a Level 5 ATHE Diploma
in Management. Since joining PAM, I've worked alongside three heads of
department - invaluable experience you can't find in a textbook - whilst studying
for my Investment Management Certificate, sponsored by PAM.
Being a woman in a male-dominated industry can have its challenges, and
sometimes I've been less vocal, but I've learned to speak louder and be
bolder. I love the people, the fast-paced environment and new challenges,
going out to meet new clients and travelling. I've been given freedom
and trust - PAM has encouraged my ideas and allowed me to be myself.
The UK is a
global financial
centre that offers
great long-term
career prospects
economics, maths, statistics or similar.
You'll then have to train for actuarial
exams, with the Institute and Faculty of
Actuaries (IFoA). You can do this through
an actuarial apprenticeship. It generally
takes three to five years to complete your
training, but it can take up to 10 years to
become fully qualified.
How much can I earn? Between £25,000
and £35,000 for a graduate; from £40,000
to £110,000 for senior positions; and over
£200,000 for chiefs or partners.
Find out more
* Association of Chartered
Certified Accountants
accaglobal.com/uk
* Chartered Institute of Credit
Management
cicm.com
* Chartered Institute of
Management Accounting
cimaglobal.com
* Financial Conduct Authority
fca.org.uk
* Institute and Faculty of
Actuaries
actuaries.org.uk
* Pensions Management Institute
pensions-pmi.org.uk
378 /// JOBS & CAREERS /// jobsandcareersmag.com
http://accaglobal.com/uk http://cicm.com http://cimaglobal.com http://fca.org.uk http://actuaries.org.uk http://pensions-pmi.org.uk http://jobsandcareersmag.com
Jobs and Careers Summer 2023

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