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The differences between finance reporting accountants and senior tax accountants 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 tax accountant. Additionally, a senior tax accountant has an average salary of $77,537, 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 tax accountant are CPA, state income, and tax research.
| Finance Reporting Accountant | Senior Tax Accountant | |
| Yearly salary | $67,545 | $77,537 |
| Hourly rate | $32.47 | $37.28 |
| Growth rate | 6% | 6% |
| Number of jobs | 112,234 | 57,686 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 74% |
| 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.
Senior Tax Accountants recommend tax strategies, as well as assist the preparation of federal, state, and local taxes. They contact clients to resolve minor tax issues and work with the senior tax manager to ensure compliance with federal, state, and local tax legislation.
Finance reporting accountants and senior tax accountants have different pay scales, as shown below.
| Finance Reporting Accountant | Senior Tax Accountant | |
| Average salary | $67,545 | $77,537 |
| Salary range | Between $50,000 And $90,000 | Between $60,000 And $99,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Massachusetts | New York |
| Best paying company | Western Alliance Bank | Riverbed Holdings, Inc. |
| Best paying industry | Retail | Professional |
There are a few differences between a finance reporting accountant and a senior tax accountant in terms of educational background:
| Finance Reporting Accountant | Senior Tax Accountant | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 74% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between finance reporting accountants' and senior tax accountants' demographics:
| Finance Reporting Accountant | Senior Tax Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 45.3% Female, 54.7% | Male, 50.6% Female, 49.4% |
| 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, 8.4% Unknown, 3.9% Hispanic or Latino, 10.7% Asian, 14.3% White, 62.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |