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Finance assistant vs finance/administrative assistant

The differences between finance assistants and finance/administrative assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a finance assistant and a finance/administrative assistant. Additionally, a finance/administrative assistant has an average salary of $39,756, which is higher than the $37,926 average annual salary of a finance assistant.

The top three skills for a finance assistant include customer service, data entry and payroll. The most important skills for a finance/administrative assistant are data entry, powerpoint, and travel arrangements.

Finance assistant vs finance/administrative assistant overview

Finance AssistantFinance/Administrative Assistant
Yearly salary$37,926$39,756
Hourly rate$18.23$19.11
Growth rate-8%-8%
Number of jobs118,749127,379
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 55%
Average age5050
Years of experience22

What does a finance assistant do?

A finance assistant is responsible for supporting the financial department with daily operations by doing administrative and clerical tasks as needed. Finance assistants' duties include sorting financial records, updating account spreadsheets, assisting on bank statements reconciliation, processing payments, generating an invoice, auditing financial statements, escalating financial discrepancies for review, and reviewing cost analysis reports. A finance assistant must be knowledgeable of the financial industry and accounting processes, as well as have strong analytical and organizational skills.

What does a finance/administrative assistant do?

A finance administrative assistant is responsible for performing clerical duties and basic bookkeeping tasks to support financial operations under the supervision of financial executives. Finance administrative assistants generate financial and business reports, update account information on the database, assist with payroll release, and help the accounting staff in resolving financial discrepancies and disputes. They also reach out to the clients for payments and billing, respond to their inquiries and concerns, and escalate their complaints to the supervisor for immediate resolution.

Finance assistant vs finance/administrative assistant salary

Finance assistants and finance/administrative assistants have different pay scales, as shown below.

Finance AssistantFinance/Administrative Assistant
Average salary$37,926$39,756
Salary rangeBetween $27,000 And $52,000Between $29,000 And $52,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateConnecticutConnecticut
Best paying companyBoston Consulting GroupTALENT Software Services
Best paying industryManufacturingProfessional

Differences between finance assistant and finance/administrative assistant education

There are a few differences between a finance assistant and a finance/administrative assistant in terms of educational background:

Finance AssistantFinance/Administrative Assistant
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance assistant vs finance/administrative assistant demographics

Here are the differences between finance assistants' and finance/administrative assistants' demographics:

Finance AssistantFinance/Administrative Assistant
Average age5050
Gender ratioMale, 24.9% Female, 75.1%Male, 12.8% Female, 87.2%
Race ratioBlack or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7%Black or African American, 9.4% Unknown, 3.9% Hispanic or Latino, 16.4% Asian, 3.8% White, 65.8% American Indian and Alaska Native, 0.7%
LGBT Percentage6%6%

Differences between finance assistant and finance/administrative assistant duties and responsibilities

Finance assistant example responsibilities.

  • Manage finance operations of assign USPS location.
  • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
  • Maintain cash receipts and disbursement records using QuickBooks and prepare bank reconciliations.
  • Provide emergency Medicaid screening for undocument patients, and perform necessary follow-up calls pertaining to NYC Medicaid applications.
  • Interpret information requests and correspond with patients and agencies in accordance with hospital, state and HIPAA regulations.
  • Schedule appointments, request prior authorization with appropriate CPT and ICD-9 codes, coordinate surgeries, procedures, etc.
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Finance/administrative assistant example responsibilities.

  • Initiate both domestic and international wire transfers as well as ACH payments to manage vendor payments.
  • Manage all AR, AP, sales orders, work orders, and prepay inventory reconciliation.
  • Orchestrate special events and reservations; manage customer relations and provide exemplary service to all customers.
  • Alphabetize, sort, files FAFSA's code, and assemble letters for mass mailing.
  • Help students and officials file and summit FAFSA application forms and develop and maintain spreadsheets for documenting cases.
  • Process accounts payable and receivable utilizing QuickBooks.
  • Show more

Finance assistant vs finance/administrative assistant skills

Common finance assistant skills
  • Customer Service, 21%
  • Data Entry, 10%
  • Payroll, 9%
  • Purchase Orders, 6%
  • Financial Assistance, 5%
  • Credit Card, 4%
Common finance/administrative assistant skills
  • Data Entry, 11%
  • PowerPoint, 10%
  • Travel Arrangements, 7%
  • Purchase Orders, 6%
  • Financial Aid, 5%
  • Expense Reports, 5%

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