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Finance analyst/accountant vs accounting analyst

The differences between finance analyst/accountants and accounting analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a finance analyst/accountant and an accounting analyst. Additionally, a finance analyst/accountant has an average salary of $62,975, which is higher than the $58,399 average annual salary of an accounting analyst.

The top three skills for a finance analyst/accountant include reconciliations, financial analysis and general ledger accounts. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.

Finance analyst/accountant vs accounting analyst overview

Finance Analyst/AccountantAccounting Analyst
Yearly salary$62,975$58,399
Hourly rate$30.28$28.08
Growth rate6%6%
Number of jobs118,04381,097
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 74%
Average age4444
Years of experience44

What does a finance analyst/accountant do?

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.

What does an accounting analyst do?

An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.

Finance analyst/accountant vs accounting analyst salary

Finance analyst/accountants and accounting analysts have different pay scales, as shown below.

Finance Analyst/AccountantAccounting Analyst
Average salary$62,975$58,399
Salary rangeBetween $47,000 And $84,000Between $42,000 And $79,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkNew York
Best paying companyCitiGoogle
Best paying industryFinanceFinance

Differences between finance analyst/accountant and accounting analyst education

There are a few differences between a finance analyst/accountant and an accounting analyst in terms of educational background:

Finance Analyst/AccountantAccounting Analyst
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 74%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance analyst/accountant vs accounting analyst demographics

Here are the differences between finance analyst/accountants' and accounting analysts' demographics:

Finance Analyst/AccountantAccounting Analyst
Average age4444
Gender ratioMale, 50.2% Female, 49.8%Male, 41.6% Female, 58.4%
Race ratioBlack or African American, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 17.0% White, 60.6% American Indian and Alaska Native, 0.5%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between finance analyst/accountant and accounting analyst duties and responsibilities

Finance analyst/accountant example responsibilities.

  • Manage the full cycle finance duties including A/P, A/R, G/L and fixed-asset accounting in accordance with GAAP standards.
  • Manage all monthly accruals for outsides consultant/service providers.
  • Develop transfer prices and manage manufacturing inventory in an ERP system.
  • Utilize accounting principles to manage quarterly regulatory settlement accruals and reporting requirements.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Implement process improvement initiatives for the payroll cash account that facilitate early recognition of unrecord payroll expenses.
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Accounting analyst example responsibilities.

  • Manage and process all ACH, EFT and wire transfer transactions daily (debit or credits).
  • Manage reconciling monthly discrepancies between ERP transfers.
  • Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
  • Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
  • Maintain accounting controls by following GAAP and internal accounting policies; maintain financial security by following internal controls.
  • Review and approve monthly general ledger and bank account reconciliations for special condition accounts to ensure procedural consistency and compliance.
  • Show more

Finance analyst/accountant vs accounting analyst skills

Common finance analyst/accountant skills
  • Reconciliations, 9%
  • Financial Analysis, 8%
  • General Ledger Accounts, 4%
  • Payroll, 4%
  • External Auditors, 4%
  • GAAP, 4%
Common accounting analyst skills
  • Reconciliations, 12%
  • Customer Service, 7%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Strong Analytical, 4%
  • Payroll, 4%

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