What does a Finance Management Analyst do?
A finance management analyst specializes in performing extensive research and analysis to devise strategies that can help a company achieve its long-term financial goals. Their responsibilities typically revolve around having an in-depth understanding of the company and its services, gathering and reviewing its financial history and other portfolios, and determining investment opportunities to earn a significant profit. Furthermore, a finance management analyst must report their findings and present action plans, providing a comprehensive explanation to officials, all while adhering to the company's policies and regulations.
Finance management analyst responsibilities
Here are examples of responsibilities from real finance management analyst resumes:
- Investigate and manage accounting reconciliations or discrepancies, including auditing and verifying daily transactions with cash balances for correlations and accuracy.
- Review DTS authorizations for every traveler belonging to AEC.
- Communicate daily with the accounting department to derive amounts and invoice numbers for DOD and non DOD customers.
- Serve as the primary GFEBS user for the LRC and act as the coordinator for training and access to GFEBS.
- Calculate salaries in preparation to cost transfer in GFEBS to the correct cost centers/ WBS elements (cost collectors).
- Maintain accounting practices for the ambulatory surgery center in QuickBooks.
- Review, develop and coordinate recommendations to improve and strengthen controls over DoD operations and programs.
- Design reports within QuickBooks which provide owners the financial status of each department and highlight under-performing areas.
- Deliver an innovative data visualization capability.
- Provide assistance to internal audit and external auditors, and participate in an OMB A123 compliance audit advising possible corrective actions.
- Validate division's financial documentation (e.g., statements of work, MIPRs, etc . )
- Deliver an innovative data visualization capability.
Finance management analyst skills and personality traits
We calculated that 13% of Finance Management Analysts are proficient in Financial Management, Financial Issues, and Management Reports. They’re also known for soft skills such as Interpersonal skills, Problem-solving skills, and Time-management skills.
We break down the percentage of Finance Management Analysts that have these skills listed on their resume here:
- Financial Management, 13%
Review System Implementation requirements and train users on application use and financial management policy and procedures as represented by the application.
- Financial Issues, 10%
Prepared and analyzed potential opportunities for profitability, sustainability, and foreseeable financial issues.
- Management Reports, 9%
Compile data and prepares complex administrative and management reports that are mandated from higher echelons in the organization.
- Financial Policies, 9%
Provided advice and guidance covering a wide variety of financial policies and programs/systems requirements.
- DOD, 9%
Reviewed, developed and coordinated recommendations to improve and strengthen controls over DoD operations and programs.
- Budget Estimates, 8%
Developed program and budget estimates, and performed activities related to determining planned/actual values, calculated planned overhead costs and distribution.
Common skills that a finance management analyst uses to do their job include "financial management," "financial issues," and "management reports." You can find details on the most important finance management analyst responsibilities below.
Interpersonal skills. To carry out their duties, the most important skill for a finance management analyst to have is interpersonal skills. Their role and responsibilities require that "management analysts work with managers and other employees of the organizations for which they provide consulting services." Finance management analysts often use interpersonal skills in their day-to-day job, as shown by this real resume: "demonstrated strong customer service, communication (verbal & written), interpersonal and documentation skills. "
Problem-solving skills. Another essential skill to perform finance management analyst duties is problem-solving skills. Finance management analysts responsibilities require that "management analysts must be able to think creatively to solve clients’ problems." Finance management analysts also use problem-solving skills in their role according to a real resume snippet: "provided user layout solutions to financial analysts to improve productivity after erp conversion. "
Time-management skills. This is an important skill for finance management analysts to perform their duties. For an example of how finance management analyst responsibilities depend on this skill, consider that "management analysts often work under tight deadlines and must use their time efficiently to complete projects on schedule." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a finance management analyst: "compile and analyze financial information to prepare financial management reports and make certain that all financial deadlines are met. ".
Analytical skills. For certain finance management analyst responsibilities to be completed, the job requires competence in "analytical skills." The day-to-day duties of a finance management analyst rely on this skill, as "management analysts must be able to interpret information and use their findings to make proposals." For example, this snippet was taken directly from a resume about how this skill applies to what finance management analysts do: "participated in the analysis, development and implementation of lawson erp financial application. "
Communication skills. Another common skill required for finance management analyst responsibilities is "communication skills." This skill comes up in the duties of finance management analysts all the time, as "management analysts must be able to convey information clearly in both writing and speaking." An excerpt from a real finance management analyst resume shows how this skill is central to what a finance management analyst does: "processed payroll for all employees; managed petty cash funds; worked with headquarters to ensure accuracy and maintain communications. "
The three companies that hire the most finance management analysts are:
- Deloitte37 finance management analysts jobs
- Accenture20 finance management analysts jobs
- JPMorgan Chase & Co.11 finance management analysts jobs
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Compare different finance management analysts
Finance management analyst vs. Analyst
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
There are some key differences in the responsibilities of each position. For example, finance management analyst responsibilities require skills like "financial management," "financial issues," "management reports," and "financial policies." Meanwhile a typical analyst has skills in areas such as "customer service," "troubleshoot," "project management," and "digital transformation." This difference in skills reveals the differences in what each career does.
Analysts really shine in the technology industry with an average salary of $79,330. Comparatively, finance management analysts tend to make the most money in the government industry with an average salary of $85,442.analysts tend to reach similar levels of education than finance management analysts. In fact, analysts are 4.4% less likely to graduate with a Master's Degree and 0.7% more likely to have a Doctoral Degree.Finance management analyst vs. Finance officer
A finance officer is responsible for monitoring the financial department and the transactions of an organization. Finance officers analyze financial reports, update account statements, and oversee the budget allocation for business operations. They also resolve billing discrepancies and banking issues, assist in cash statement release, and manage payroll disputes. A finance officer conducts data and statistical analysis to evaluate the company's financial performance and stability and identifying opportunities to increase revenues and grow more profits.
In addition to the difference in salary, there are some other key differences worth noting. For example, finance management analyst responsibilities are more likely to require skills like "management reports," "dod," "budget estimates," and "budget execution." Meanwhile, a finance officer has duties that require skills in areas such as "real estate," "origination," "financial procedures," and "cpa." These differences highlight just how different the day-to-day in each role looks.
Finance officers earn similar levels of education than finance management analysts in general. They're 0.8% less likely to graduate with a Master's Degree and 0.7% more likely to earn a Doctoral Degree.What technology do you think will become more important and prevalent for Finance Management Analysts in the next 3-5 years?
Benjamin Clark Ph.D.
Associate Professor, University of Oregon
Finance management analyst vs. Staff analyst
Staff Analysts are employees who oversee the activities related to the employees. They monitor the performance of the employees and assess whether particular employees suit the role they have. They also assess the current roles in the company to see if those roles are really needed. Staff Analysts ensure that the manpower allocation in the company is efficient. They analyze staff-related data to check whether there are more areas for improvement. Staff Analysts may also be assigned to come up with projects related to improving productivity.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from finance management analyst resumes include skills like "financial management," "financial issues," "management reports," and "financial policies," whereas a staff analyst is more likely to list skills in "project management," "technical support," "windows," and "status reports. "
Staff analysts earn the best pay in the technology industry, where they command an average salary of $107,444. Finance management analysts earn the highest pay from the government industry, with an average salary of $85,442.staff analysts typically earn similar educational levels compared to finance management analysts. Specifically, they're 1.5% less likely to graduate with a Master's Degree, and 1.0% less likely to earn a Doctoral Degree.Finance management analyst vs. Control analyst
A control analyst is an individual who is responsible for identifying weaknesses in the work process of an organization and implement methods to minimize risks. Control analysts are required to supervise the process for incident reports and provide technical guidance to their personnel. They must prepare monthly general ledger account analysis and balance sheets reconciliations that are according to the generally accepted accounting principles (GAAP). Control analysts should also assist with the organization's ISO audit procedures and findings.
Even though a few skill sets overlap between finance management analysts and control analysts, there are some differences that are important to note. For one, a finance management analyst might have more use for skills like "financial management," "financial issues," "management reports," and "financial policies." Meanwhile, some responsibilities of control analysts require skills like "risk assessments," "internal audit," "customer service," and "project management. "
The energy industry tends to pay the highest salaries for control analysts, with average annual pay of $89,191. Comparatively, the highest finance management analyst annual salary comes from the government industry.control analysts reach lower levels of education compared to finance management analysts, in general. The difference is that they're 5.6% more likely to earn a Master's Degree, and 0.3% less likely to graduate with a Doctoral Degree.Types of finance management analyst
Updated January 8, 2025
