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Finance analyst/accountant vs senior accountant analyst

The differences between finance analyst/accountants and senior accountant 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 a senior accountant analyst. Additionally, a senior accountant analyst has an average salary of $75,282, which is higher than the $62,975 average annual salary of a finance analyst/accountant.

The top three skills for a finance analyst/accountant include reconciliations, financial analysis and general ledger accounts. The most important skills for a senior accountant analyst are reconciliations, external auditors, and account reconciliations.

Finance analyst/accountant vs senior accountant analyst overview

Finance Analyst/AccountantSenior Accountant Analyst
Yearly salary$62,975$75,282
Hourly rate$30.28$36.19
Growth rate6%6%
Number of jobs118,04382,010
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 75%
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 a senior accountant analyst do?

As a senior accountant analyst, your main role is to provide professional guidance to a company. You need to have excellent preparation skills to create financial reports that clearly state the expenses and forecast the company's financial future. You should always aim for accuracy and compliance. Moreover, as a senior accountant analyst, you are supposed to give general operational assistance to the company's management.

Finance analyst/accountant vs senior accountant analyst salary

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

Finance Analyst/AccountantSenior Accountant Analyst
Average salary$62,975$75,282
Salary rangeBetween $47,000 And $84,000Between $58,000 And $97,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkWashington
Best paying companyCitiBMO Capital Markets
Best paying industryFinanceFinance

Differences between finance analyst/accountant and senior accountant analyst education

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

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

Finance analyst/accountant vs senior accountant analyst demographics

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

Finance Analyst/AccountantSenior Accountant Analyst
Average age4444
Gender ratioMale, 50.2% Female, 49.8%Male, 49.4% Female, 50.6%
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, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.1% White, 62.2% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between finance analyst/accountant and senior accountant 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.
  • Show more

Senior accountant analyst example responsibilities.

  • Develop and manage Sarbanes-Oxley compliance procedures.
  • Manage complex pricing structure and maintain SalesForce CRM funnel for forecasting accuracy.
  • Provide high-level financial analysis and accounting, conduct fixed asset analysis, variance analysis, account reconciliations, and month end-closes.
  • Perform relevant SOX controls accurately and timely.
  • Research and make technical recommendations regarding GAAP accounting issues.
  • Document and test control procedures in accordance with Sarbanes-Oxley regulations.
  • Show more

Finance analyst/accountant vs senior accountant analyst skills

Common finance analyst/accountant skills
  • Reconciliations, 9%
  • Financial Analysis, 8%
  • General Ledger Accounts, 4%
  • Payroll, 4%
  • External Auditors, 4%
  • GAAP, 4%
Common senior accountant analyst skills
  • Reconciliations, 11%
  • External Auditors, 5%
  • Account Reconciliations, 5%
  • General Ledger Accounts, 5%
  • GAAP, 5%
  • Financial Analysis, 5%

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