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Become A Junior Account Manager

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Working As A Junior Account Manager

  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Guiding, Directing, and Motivating Subordinates
  • Coaching and Developing Others
  • Establishing and Maintaining Interpersonal Relationships
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $52,587

    Average Salary

What Does A Junior Account Manager Do

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

Duties

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Chief financial officers (CFOs) are accountable for the accuracy of a company’s or organization’s financial reporting, especially among publicly traded companies. As head of a company’s entire financial department, they manage the lower level financial managers. They oversee the company’s financial goals, objectives, and budgets.

Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization’s budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm’s expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm’s credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash that comes in and goes out of the company to meet the company’s business and investment needs. For example, they must project cash flow (amounts coming in and going out) to determine whether the company will have a shortage or surplus of cash. 

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks, such as the need to make disability payments for an employee who gets hurt on the job or the costs imposed by a lawsuit against the company.

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How To Become A Junior Account Manager

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

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Junior Account Manager Jobs

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Help others decide if this is a good career for them

Average Length of Employment
Account Executive 2.9 years
Account Associate 2.8 years
Account Planner 2.0 years
Top Employers Before
Internship 14.5%
President 3.0%
Manager 3.0%
Assistant 3.0%
Volunteer 2.6%
Top Employers After
Accountant 3.5%
Internship 3.0%

Do you work as a Junior Account Manager?

Junior Account Manager Demographics

Gender

Female

60.8%

Male

37.0%

Unknown

2.2%
Ethnicity

White

52.6%

Hispanic or Latino

22.7%

Asian

11.4%

Black or African American

9.7%

Unknown

3.6%
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Foreign Languages Spoken

Spanish

28.3%

French

11.7%

Italian

11.7%

Russian

6.7%

Portuguese

5.0%

Cantonese

5.0%

Mandarin

5.0%

Chinese

3.3%

German

3.3%

Ukrainian

3.3%

Hindi

1.7%

Dutch

1.7%

Greek

1.7%

Hebrew

1.7%

Japanese

1.7%

Venetian

1.7%

Carrier

1.7%

Korean

1.7%

Gujarati

1.7%

Arabic

1.7%
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Junior Account Manager Education

Schools

Northeastern University

7.6%

Syracuse University

6.1%

Drexel University

6.1%

University of Phoenix

6.1%

Quinnipiac University

6.1%

Temple University

4.5%

California State University - Fullerton

4.5%

Utah Valley University

4.5%

Florida State University

4.5%

Georgetown University

4.5%

University of Central Oklahoma

4.5%

Smith College

4.5%

DePaul University

4.5%

Orange Coast College

4.5%

University of Missouri - Saint Louis

4.5%

Oklahoma State University

4.5%

University of Arizona

4.5%

University of Nevada - Las Vegas

4.5%

Glendale Community College

4.5%

George Mason University

4.5%
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Majors

Business

26.6%

Marketing

12.2%

Communication

10.8%

Finance

5.0%

Management

4.3%

English

3.6%

Psychology

3.6%

Accounting

3.6%

Economics

3.2%

Political Science

2.9%

Public Relations

2.9%

Advertising

2.9%

Criminal Justice

2.5%

Specialized Sales And Merchandising

2.5%

History

2.5%

Hospitality Management

2.5%

Journalism

2.5%

Computer Science

2.2%

Nursing

1.8%

Liberal Arts

1.8%
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Degrees

Bachelors

60.5%

Other

16.5%

Masters

14.0%

Associate

4.8%

Certificate

2.7%

Doctorate

1.0%

Diploma

0.5%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Junior Account Manager Salaries

Job Title Company Location Start Date Salary
Junior Account Manager (IT) KPIT Infosystems Inc. Edison, NJ Apr 17, 2015 $87,922
Junior Account Manager (IT) KPIT Infosystems Inc. Raleigh, NC May 25, 2015 $85,000
Junior Account Manager Cegedim, Inc. Bedminster, NJ Jun 12, 2012 $67,122
Manager Account JR. Nestle USA, Inc. Edison, NJ Aug 30, 2010 $57,200 -
$76,534
Manager Account JR. Nestle USA, Inc. Edison, NJ Sep 09, 2010 $57,200 -
$76,534
Junior Account Manager Universum Communications, Inc. New York, NY Mar 14, 2016 $50,000
Junior Account Manager Rapaport International, LLC New York, NY Sep 13, 2014 $49,000
Junior Accounts Manager Monroe College Ltd. New Rochelle, NY Feb 17, 2013 $41,210
JR. Account Manager Ga Telesis, LLC Fort Lauderdale, FL Oct 12, 2015 $40,000
Showroom MGR/JR Account MGR (PR Specialist) Karla Otto Inc. West Hollywood, CA Sep 11, 2009 $40,000
Showroom MGR/JR Account MGR (PR Specialist) Karla Otto Inc. West Hollywood, CA Sep 25, 2009 $40,000
Junior Accounts Manager Monroe College Ltd. New York, NY Feb 17, 2010 $38,667
Junior Account Manager Ga Telesis, LLC Fort Lauderdale, FL Dec 14, 2011 $38,630
Junior Account Manager-Wholesale Sales & Marketing Chick's Running Businesses, Inc. New York, NY Jan 12, 2014 $36,754
Junior Account Manager-Wholesale Sales & Marketing Chicks Running Businesses Inc. New York, NY Dec 01, 2014 $36,754
Junior Account Manager-Wholesale Sales & Marketing Chick's Running Businesses, Inc. New York, NY Dec 01, 2014 $36,754

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Top Skills for A Junior Account Manager

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  1. Customer Service Issues
  2. Loan Applications
  3. New Clients
You can check out examples of real life uses of top skills on resumes here:
  • Managed customer service issues for Call Center, Order Processing and Receiving.
  • Contracted with over 100 new clients, made over 15% corporate revenue in the year.
  • Review detailed historical and projected financial analysis utilizing tax returns and financial statements.
  • Coordinated sales and account management activities of consumer electronics accessories product line to Kmart account.
  • Supported owner and colleagues with new accounts to help meet deadlines and create new business.

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Top 10 Best States for Junior Account Managers

  1. New York
  2. Colorado
  3. District of Columbia
  4. New Jersey
  5. Connecticut
  6. Pennsylvania
  7. Texas
  8. California
  9. North Carolina
  10. Georgia
  • (2,078 jobs)
  • (802 jobs)
  • (300 jobs)
  • (674 jobs)
  • (328 jobs)
  • (1,034 jobs)
  • (2,340 jobs)
  • (4,526 jobs)
  • (785 jobs)
  • (942 jobs)

Top Junior Account Manager Employers

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Jobs From Top Junior Account Manager Employers

Junior Account Manager Videos

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