Bank accountant vs senior accountant

The differences between bank accountants and senior accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a bank accountant and a senior accountant. Additionally, a senior accountant has an average salary of $71,967, which is higher than the $52,142 average annual salary of a bank accountant.

The top three skills for a bank accountant include reconciliations, general ledger and financial statements. The most important skills for a senior accountant are reconciliations, CPA, and GAAP.

Bank accountant vs senior accountant overview

	Bank Accountant	Senior Accountant
Yearly salary	$52,142	$71,967
Hourly rate	$25.07	$34.60
Growth rate	6%	6%
Number of jobs	43,750	76,816
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 78%
Average age	44	44
Years of experience	4	4

Bank accountant vs senior accountant salary

Bank accountants and senior accountants have different pay scales, as shown below.

	Bank Accountant	Senior Accountant
Average salary	$52,142	$71,967
Salary range	Between $39,000 And $68,000	Between $55,000 And $92,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Google
Best paying industry	-	Finance

Differences between bank accountant and senior accountant education

There are a few differences between a bank accountant and a senior accountant in terms of educational background:

	Bank Accountant	Senior Accountant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 78%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Bank accountant vs senior accountant demographics

Here are the differences between bank accountants' and senior accountants' demographics:

	Bank Accountant	Senior Accountant
Average age	44	44
Gender ratio	Male, 36.9% Female, 63.1%	Male, 46.9% Female, 53.1%
Race ratio	Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.1% White, 62.2% American Indian and Alaska Native, 0.5%	Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.5% White, 61.8% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between bank accountant and senior accountant duties and responsibilities

Bank accountant example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Assist in the creation, verification, and transmission of ACH files.
Collaborate with payroll conversion process from ADP to PeopleSoft; performing parallel testing and confirming accuracy of payroll information in PeopleSoft.
Review of contract documentation to determine billing requirements, reporting requirements and ERP setup for automate invoicing.

Senior accountant example responsibilities.

Manage complex pricing structure and maintain SalesForce CRM funnel for forecasting accuracy.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
Compile and analyze financial information to prepare monthly accruals, payroll journal, general journal and bank reconciliations.
Research and develop policies around Medicaid and Medicare billings and prepare Medicaid cost reports.
Coordinate submissions of financial data from regional divisions and prepare the consolidated company financial statement using Hyperion program.

Bank accountant vs senior accountant skills

Common bank accountant skills

Reconciliations, 17%
General Ledger, 16%
Financial Statements, 15%
Financial Reports, 5%
Reconcile General Ledger, 5%
Balance Sheet, 5%

Common senior accountant skills

Reconciliations, 13%
CPA, 8%
GAAP, 7%
External Auditors, 4%
Internal Controls, 4%
Payroll, 4%