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Finance management specialist vs finance specialist

The differences between finance management specialists and finance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance management specialist has an average salary of $70,219, which is higher than the $61,666 average annual salary of a finance specialist.

The top three skills for a finance management specialist include financial resources, financial reports and financial data. The most important skills for a finance specialist are customer service, phone calls, and cash handling.

Finance management specialist vs finance specialist overview

Finance Management SpecialistFinance Specialist
Yearly salary$70,219$61,666
Hourly rate$33.76$29.65
Growth rate17%10%
Number of jobs143,82097,216
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 62%
Average age4643
Years of experience8-

What does a finance management specialist do?

A finance management specialist is in charge of overseeing and managing a company's financial activities, ensuring accuracy and smooth workflow. They typically coordinate with different departments to gather accurate data, manage budgets and schedules, prepare cost and budget reports, and assess existing procedures to identify areas needing improvement. They must also maintain extensive records, produce sales forecasts, and participate in creating financial goals and objectives. Furthermore, as a finance management specialist, it is essential to develop strategies to optimize financial operations, all while implementing the company's policies and regulations.

What does a finance specialist do?

A financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.

Finance management specialist vs finance specialist salary

Finance management specialists and finance specialists have different pay scales, as shown below.

Finance Management SpecialistFinance Specialist
Average salary$70,219$61,666
Salary rangeBetween $48,000 And $101,000Between $37,000 And $100,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateNew YorkConnecticut
Best paying companyPayPalGoogle
Best paying industryGovernmentFinance

Differences between finance management specialist and finance specialist education

There are a few differences between a finance management specialist and a finance specialist in terms of educational background:

Finance Management SpecialistFinance Specialist
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance management specialist vs finance specialist demographics

Here are the differences between finance management specialists' and finance specialists' demographics:

Finance Management SpecialistFinance Specialist
Average age4643
Gender ratioMale, 52.1% Female, 47.9%Male, 42.1% Female, 57.9%
Race ratioBlack or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3%Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3%
LGBT Percentage11%4%

Differences between finance management specialist and finance specialist duties and responsibilities

Finance management specialist example responsibilities.

  • Specialize in data collection logistics and documentation on specific vehicles and manage inventory using CRM applications.
  • Project team member on ERP implementations for several clients.
  • Execute and, validate all credit card purchases in ERP and with DFAS.
  • Process incoming checks from employees & other outside sources for deposit to the U.S. Treasury.
  • Ensure GAAP compliance in revenue recognition, forecasting, internal account structure management, reporting & analysis.
  • Prepare monthly, quarterly, and annual forecasts including trend/margin analysis, and ensuring proper GAAP revenue recognition.
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Finance specialist example responsibilities.

  • Lead lease of aircraft including analysis and coordination of treasury, legal, tax and insurance reviews.
  • Manage client relationship by presenting solutions for customers state and unstate needs while cross-selling company products.
  • Ensure the highest standards of SOX compliance by conducting internal audits and annual SOX testing with external auditors.
  • Compare the closed month and calendar month reports in Hyperion.
  • Prepare work papers for annual audit and tax filings and coordinate with external CPA.
  • Prepare and audit coworker contract development of insurance provider contracts, SOX testing and publishing system wide contract updates.
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Finance management specialist vs finance specialist skills

Common finance management specialist skills
  • Financial Resources, 10%
  • Financial Reports, 7%
  • Financial Data, 6%
  • Budget Formulation, 6%
  • Budget Execution, 5%
  • Financial Management Systems, 5%
Common finance specialist skills
  • Customer Service, 23%
  • Phone Calls, 16%
  • Cash Handling, 10%
  • Customer Inquiries, 9%
  • Patients, 6%
  • Financial Reports, 6%

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