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The differences between lead finance analysts and control 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 lead finance analyst and a control analyst. Additionally, a lead finance analyst has an average salary of $85,672, which is higher than the $69,598 average annual salary of a control analyst.
The top three skills for a lead finance analyst include financial analysis, hyperion and financial planning analysis. The most important skills for a control analyst are internal controls, risk assessments, and SOX.
| Lead Finance Analyst | Control Analyst | |
| Yearly salary | $85,672 | $69,598 |
| Hourly rate | $41.19 | $33.46 |
| Growth rate | 9% | 11% |
| Number of jobs | 89,105 | 133,321 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 69% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
A lead finance analyst is responsible for monitoring the company's financial conditions, analyzing account statements, and resolving payment discrepancies. Lead finance analysts create expense reports and budget forecasting, as well as identifying business opportunities that would minimize loss and generate revenues for the business. They also oversee financial and business transactions, perform bank reconciliations, and manage outstanding payments. A lead finance analyst must have excellent analytical and communication skills, especially in discussing financial results to the management and recommending strategic techniques for cost-reduction activities.
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.
Lead finance analysts and control analysts have different pay scales, as shown below.
| Lead Finance Analyst | Control Analyst | |
| Average salary | $85,672 | $69,598 |
| Salary range | Between $64,000 And $114,000 | Between $50,000 And $95,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | Washington |
| Best paying company | Pacific Investment Management Company LLC | Meta |
| Best paying industry | Telecommunication | Energy |
There are a few differences between a lead finance analyst and a control analyst in terms of educational background:
| Lead Finance Analyst | Control Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between lead finance analysts' and control analysts' demographics:
| Lead Finance Analyst | Control Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 51.9% Female, 48.1% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 8.3% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.7% White, 66.3% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |