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The differences between finance reporting 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 reporting accountant and a senior accountant analyst. Additionally, a senior accountant analyst has an average salary of $75,282, which is higher than the $67,545 average annual salary of a finance reporting accountant.
The top three skills for a finance reporting accountant include GAAP, reconciliations and external auditors. The most important skills for a senior accountant analyst are reconciliations, external auditors, and account reconciliations.
| Finance Reporting Accountant | Senior Accountant Analyst | |
| Yearly salary | $67,545 | $75,282 |
| Hourly rate | $32.47 | $36.19 |
| Growth rate | 6% | 6% |
| Number of jobs | 112,234 | 82,010 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 75% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A finance reporting accountant is responsible for monitoring the efficiency and accuracy of the company's financial reporting procedures. Finance reporting accountants analyze the financial statements of the company, including its expenses, balance sheets, revenues, cash flow, and other related financial information and discuss it to the management. They also provide strategic recommendations to minimize loss through cost-reduction operational processes and identifying business opportunities to increase profits. A finance reporting accountant should have excellent knowledge of the accounting principles and disciplines, evaluating financial forecasts and resolving account discrepancies.
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 reporting accountants and senior accountant analysts have different pay scales, as shown below.
| Finance Reporting Accountant | Senior Accountant Analyst | |
| Average salary | $67,545 | $75,282 |
| Salary range | Between $50,000 And $90,000 | Between $58,000 And $97,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Massachusetts | Washington |
| Best paying company | Western Alliance Bank | BMO Capital Markets |
| Best paying industry | Retail | Finance |
There are a few differences between a finance reporting accountant and a senior accountant analyst in terms of educational background:
| Finance Reporting Accountant | Senior Accountant Analyst | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance reporting accountants' and senior accountant analysts' demographics:
| Finance Reporting Accountant | Senior Accountant Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 45.3% Female, 54.7% | Male, 49.4% Female, 50.6% |
| Race ratio | Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.6% White, 60.8% 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 Percentage | 7% | 7% |