Post job

Accounting consultant vs senior finance consultant

The differences between accounting consultants and senior finance consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an accounting consultant and a senior finance consultant. Additionally, a senior finance consultant has an average salary of $97,689, which is higher than the $62,830 average annual salary of an accounting consultant.

The top three skills for an accounting consultant include CPA, GAAP and reconciliations. The most important skills for a senior finance consultant are financial analysis, project management, and financial services.

Accounting consultant vs senior finance consultant overview

Accounting ConsultantSenior Finance Consultant
Yearly salary$62,830$97,689
Hourly rate$30.21$46.97
Growth rate6%9%
Number of jobs74,894112,032
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 71%
Average age4440
Years of experience44

What does an accounting consultant do?

An Accounting Consultant is a person tasked to assist the accounting department of a company. The consultant advises businesses concerning the accounting system used by the organization. It is also through the accounting consultant's help that improvements in the accounting process are proposed, the determination of problematic areas in the workflow, possible issues in the future, and everything that needs upgrading. The accounting consultant also helps businesses conform to legal policies set about by State and Federal legislation.

What does a senior finance consultant do?

A senior finance consultant is responsible for helping clients manage their account portfolios, recommending investment options, and monitoring their finances. Senior finance consultants should have extensive knowledge of the financial industry, especially on working with clients and inform them of current financial services and strategize financial plans according to the clients' needs and best interests. They also respond to clients' inquiries and concerns regarding their account performance and financial discrepancies, resolving issues to achieve the clients' long-term financial goals and objectives.

Accounting consultant vs senior finance consultant salary

Accounting consultants and senior finance consultants have different pay scales, as shown below.

Accounting ConsultantSenior Finance Consultant
Average salary$62,830$97,689
Salary rangeBetween $45,000 And $86,000Between $68,000 And $138,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaCalifornia
Best paying companyJordan CompanyDell
Best paying industryManufacturingTechnology

Differences between accounting consultant and senior finance consultant education

There are a few differences between an accounting consultant and a senior finance consultant in terms of educational background:

Accounting ConsultantSenior Finance Consultant
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 71%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting consultant vs senior finance consultant demographics

Here are the differences between accounting consultants' and senior finance consultants' demographics:

Accounting ConsultantSenior Finance Consultant
Average age4440
Gender ratioMale, 49.3% Female, 50.7%Male, 68.2% Female, 31.8%
Race ratioBlack or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 13.4% White, 63.0% American Indian and Alaska Native, 0.5%Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between accounting consultant and senior finance consultant duties and responsibilities

Accounting consultant example responsibilities.

  • Work independently on line of business projects to automate derivative processes and system enhancement testing.
  • Share oversight for recruitment, human resources and advertising.
  • Provide support to accounts payable department in tagging and recording of fix assets during an ERP system transition
  • Work with governance and internal audit team ensuring SOX compliance during monthly & quarterly reviews as well as the annual audit.
  • Collaborate with accounting department in monthly closing process and development of internal controls to support SOX requirements.
  • Improve audit performance of major medical center by clearing backlog of account reconciliations across multiple medical billing systems.
  • Show more

Senior finance consultant example responsibilities.

  • Manage contractor responsible for building a customize Hyperion Essbase cube.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Review A/P & A/R aging with CFO weekly
  • Train employees on using the state PeopleSoft system for travel expense reimbursement.
  • Perform account adjustments, heavy reconciliation, as well as monthly closing of A/P, A/R and GL
  • Participate in cash management decisions and treasury functions.
  • Show more

Accounting consultant vs senior finance consultant skills

Common accounting consultant skills
  • CPA, 15%
  • GAAP, 11%
  • Reconciliations, 8%
  • ERP, 4%
  • Shared Services, 4%
  • SOX, 4%
Common senior finance consultant skills
  • Financial Analysis, 7%
  • Project Management, 6%
  • Financial Services, 5%
  • Strong Analytical, 4%
  • Shared Services, 4%
  • Risk Management, 3%

Browse business and financial jobs