What does an account analyst do?
Account analysts are responsible for analyzing account statements and financial transactions of an organization, resolving billing discrepancies, and managing account receivables. They assess the company's financial stability and identify opportunities to improve data analysis techniques by adhering to accounting principles and the company's operational protocols. Account analysts prepare financial reports, evaluate accounts payable, assist in tax audits, and release invoices. They should have excellent analytical and communication skills, especially on posting accurate account reports on the database.
Account analyst responsibilities
Here are examples of responsibilities from real account analyst resumes:
- Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
- Prepare and review KYC require documentation for multiple business lines.
- Prepare weekly payroll through ADP and reconciliation of quarterly payroll taxes and reports.
- Prepare PowerPoint presentation for CFO to deliver budget report to board and finance committees.
- Prepare monthly payroll and accompanying journal entries, and process ADP payroll and reconciliation.
- Consolidate orders going to the same location and submit to warehouse by EDI or fax transmission.
- Assist with the completion of metadata for EDI orders and submission of books to vendor websites.
- Market financial products and execute client orders on list and OTC equities, options, and mutual funds
- Assist with media in advertising produce layouts and designs for brochures in various media including Facebook and Instagram.
- Plane and conduct an audit include risk assessment and an identify areas of potential risk according to GAAS.
- Par ticipate in the pur chase and sale of equities, bonds and options for individual and institutional accounts.
- Assist small and medium CPA firms in operational and financial audits including preparation of financial statements and relate tax returns.
- Conduct annual audits in accordance with GAAS, and prepare audited financial statements for a wide variety of non-public businesses.
- Assist CPA in month end reports and also communicate with subcontractors on daily or weekly bases regarding discrepancies in their accounts.
- Redesign and conceptualize PowerPoint presentation for sales staff.
Account analyst skills and personality traits
We calculated that 17% of Account Analysts are proficient in Customer Service, Patients, and Financial Statements. They’re also known for soft skills such as Analytical skills, Communication skills, and Organizational skills.
We break down the percentage of Account Analysts that have these skills listed on their resume here:
- Customer Service, 17%
Resolved all major complex customer issues and designed resolution to deliver reduction in receivables while still maintaining superior customer service levels.
- Patients, 11%
Worked closely with account managers and routinely interacted with patients, providers and third-party administrators.
- Financial Statements, 9%
Directed financial management functions including development of monthly/quarterly financial statements, financial forecasts, and budgets for 6 major entities.
- Financial Reports, 5%
Performed accounting activities such as maintenance of the general ledger and preparation of various accounting statements and financial reports.
- PowerPoint, 4%
Reviewed reports in Excel, Word and PowerPoint formats.
- Reconciliations, 4%
Conducted cash analyses and reconciliations for all subsidiaries of the American Nurses Association which contained major federal and detailed financial investments.
Common skills that an account analyst uses to do their job include "customer service," "patients," and "financial statements." You can find details on the most important account analyst responsibilities below.
Communication skills. Many account analyst duties rely on communication skills. "accountants and auditors must be able to listen to and discuss facts and concerns from clients, managers, and other stakeholders," so an account analyst will need this skill often in their role. This resume example is just one of many ways account analyst responsibilities rely on communication skills: "utilize sap, edi idoc, open order reports, price error reports and cross communication to facilitate position. "
Organizational skills. Another skill that relates to the job responsibilities of account analysts is organizational skills. This skill is critical to many everyday account analyst duties, as "strong organizational skills are important for accountants and auditors, who often work with a range of financial documents for a variety of clients." This example from a resume shows how this skill is used: "provided quality customer service, used strong communication, analytical, and organizational skills. "
Detail oriented. account analyst responsibilities often require "detail oriented." The duties that rely on this skill are shown by the fact that "accountants and auditors must pay attention to detail when compiling and examining documents." This resume example shows what account analysts do with detail oriented on a typical day: "prepared highly detailed financial reports for the engagement team and provided detailed data analysis on a daily basis. "
Math skills. Another crucial skill for an account analyst to carry out their responsibilities is "math skills." A big part of what account analysts relies on this skill, since "accountants and auditors must be able to analyze, compare, and interpret facts and figures." How this skill relates to account analyst duties can be seen in an example from an account analyst resume snippet: "participate with research and quantitative and qualitative data analysis to support the implementation of contracts and financial protection policy. "
The three companies that hire the most account analysts are:
- Medpace11 account analysts jobs
- KeHE9 account analysts jobs
- IMA Financial Group9 account analysts jobs
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Compare different account analysts
Account analyst vs. Finance analyst/accountant
In a company setting, a finance analyst/accountant is in charge of handling and monitoring financial activities, ensuring efficiency and accuracy. Their responsibilities revolve around preparing financial reports, performing audits and risk assessments, and identifying any errors and inconsistencies, resolving them promptly and efficiently. They also conduct research and analysis to identify new business opportunities, evaluate the existing procedures to determine its strengths and weaknesses, and recommend solutions to optimize operations for financial growth. Furthermore, as a finance analyst/accountant, it is essential to uphold the company's policies and regulations, including its vision and mission.
These skill sets are where the common ground ends though. The responsibilities of an account analyst are more likely to require skills like "customer service," "patients," "financial statements," and "powerpoint." On the other hand, a job as a finance analyst/accountant requires skills like "balance sheet accounts," "cpa," "accruals," and "strong analytical." As you can see, what employees do in each career varies considerably.
Finance analyst/accountants earn the highest salaries when working in the finance industry, with an average yearly salary of $78,897. On the other hand, account analysts are paid more in the finance industry with an average salary of $71,221.On average, finance analyst/accountants reach higher levels of education than account analysts. Finance analyst/accountants are 5.7% more likely to earn a Master's Degree and 0.2% less likely to graduate with a Doctoral Degree.Account analyst vs. Corporate accountant
A corporate accountant is an individual who prepares financial statements and maintains financial records of an organization to ensure that they comply with laws, regulations, and the organization's policies. Corporate accountants are required to analyze financial statements to help executives make financial decisions for the organization. They must collect ledgers and financial reports from divisional offices and prepare corporate financial statements for executives. Corporate accountants must also prepare budgets to allocate funds for spending for each department.
Each career also uses different skills, according to real account analyst resumes. While account analyst responsibilities can utilize skills like "customer service," "patients," "powerpoint," and "balance sheet," corporate accountants use skills like "cpa," "close process," "accruals," and "real estate."
Corporate accountants earn a higher average salary than account analysts. But corporate accountants earn the highest pay in the finance industry, with an average salary of $71,156. Additionally, account analysts earn the highest salaries in the finance with average pay of $71,221 annually.corporate accountants earn similar levels of education than account analysts in general. They're 3.7% more likely to graduate with a Master's Degree and 0.2% less likely to earn a Doctoral Degree.Account analyst vs. Account officer
A general accountant is responsible for evaluating account statements, conducting data analysis with financial transactions, and generating reports on revenues, expenses, and sales forecasting. These accountants manage discrepancies on the company and clients' profiles, including bank reconciliations and processing of account receivables and payables. They also handle the release of invoices and petty cash, analyzing balance sheets, and updating accurate financial information on the database. A general accountant must have excellent analytical skills, as well as extensive knowledge of the accounting principles and disciplines.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, an account analyst is likely to be skilled in "customer service," "patients," "financial statements," and "powerpoint," while a typical account officer is skilled in "kyc," "loan applications," "real estate," and "payment vouchers."
Account officers earn the best pay in the energy industry, where they command an average salary of $56,873. Account analysts earn the highest pay from the finance industry, with an average salary of $71,221.When it comes to education, account officers tend to earn higher degree levels compared to account analysts. In fact, they're 6.3% more likely to earn a Master's Degree, and 0.0% more likely to graduate with a Doctoral Degree.Account analyst vs. General accountant
Even though a few skill sets overlap between account analysts and general accountants, there are some differences that are important to note. For one, an account analyst might have more use for skills like "customer service," "patients," "financial statements," and "powerpoint." Meanwhile, some responsibilities of general accountants require skills like "cash handling," "ledgers," "balance sheet accounts," and "payroll taxes. "
The automotive industry tends to pay the highest salaries for general accountants, with average annual pay of $63,004. Comparatively, the highest account analyst annual salary comes from the finance industry.The average resume of general accountants showed that they earn similar levels of education compared to account analysts. So much so that theyacirc;euro;trade;re 1.7% more likely to earn a Master's Degree and less likely to earn a Doctoral Degree by 0.2%.Types of account analyst
Updated January 8, 2025
