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The differences between lead finance analysts and finance systems analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a lead finance analyst, becoming a finance systems analyst takes usually requires 4-6 years. Additionally, a finance systems analyst has an average salary of $85,795, which is higher than the $85,672 average annual salary of a lead finance analyst.
The top three skills for a lead finance analyst include financial analysis, hyperion and financial planning analysis. The most important skills for a finance systems analyst are financial systems, hyperion, and customer service.
| Lead Finance Analyst | Finance Systems Analyst | |
| Yearly salary | $85,672 | $85,795 |
| Hourly rate | $41.19 | $41.25 |
| Growth rate | 9% | 9% |
| Number of jobs | 89,105 | 188,040 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Average age | 40 | 43 |
| Years of experience | 4 | 6 |
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 finance systems analyst specializes in overseeing the financial systems in a company or business. Their responsibilities revolve around producing reports and presentations, liaising with the information technology team, maintaining information on databases, and monitoring and updating the financial systems. One must also handle spreadsheets and other files, modify menus, troubleshoot errors, and teach the finance staff how to use all courses for a smooth workflow. Furthermore, it is essential to implement all policies and regulations, ensuring all files' security within the database.
Lead finance analysts and finance systems analysts have different pay scales, as shown below.
| Lead Finance Analyst | Finance Systems Analyst | |
| Average salary | $85,672 | $85,795 |
| Salary range | Between $64,000 And $114,000 | Between $63,000 And $116,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Oregon |
| Best paying company | Pacific Investment Management Company LLC | Apple |
| Best paying industry | Telecommunication | Technology |
There are a few differences between a lead finance analyst and a finance systems analyst in terms of educational background:
| Lead Finance Analyst | Finance Systems Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead finance analysts' and finance systems analysts' demographics:
| Lead Finance Analyst | Finance Systems Analyst | |
| Average age | 40 | 43 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 55.7% Female, 44.3% |
| 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, 10.2% Unknown, 5.0% Hispanic or Latino, 11.0% Asian, 14.6% White, 59.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 8% |