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Lead finance analyst vs senior finance analyst

The differences between lead finance analysts and senior finance 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 senior finance analyst. Additionally, a lead finance analyst has an average salary of $85,672, which is higher than the $83,222 average annual salary of a senior 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 senior finance analyst are financial analysis, hyperion, and financial models.

Lead finance analyst vs senior finance analyst overview

Lead Finance AnalystSenior Finance Analyst
Yearly salary$85,672$83,222
Hourly rate$41.19$40.01
Growth rate9%9%
Number of jobs89,105117,609
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 74%
Average age4040
Years of experience44

What does a lead finance analyst do?

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.

What does a senior finance analyst do?

A Senior Financial Analyst's role is to oversee the financial aspects and manage fellow analysts in a company. Among the tasks of a Senior Financial Analyst include conducting research and analysis, providing forecast in revenue and expenditures, creating financial models that would suit the company and project more sales, and take part in the planning of finances. Moreover, being a Senior Financial Analyst means leading a team of skilled professionals in the same field of expertise.

Lead finance analyst vs senior finance analyst salary

Lead finance analysts and senior finance analysts have different pay scales, as shown below.

Lead Finance AnalystSenior Finance Analyst
Average salary$85,672$83,222
Salary rangeBetween $64,000 And $114,000Between $62,000 And $110,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaCalifornia
Best paying companyPacific Investment Management Company LLCGoogle
Best paying industryTelecommunicationTechnology

Differences between lead finance analyst and senior finance analyst education

There are a few differences between a lead finance analyst and a senior finance analyst in terms of educational background:

Lead Finance AnalystSenior Finance Analyst
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 74%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Lead finance analyst vs senior finance analyst demographics

Here are the differences between lead finance analysts' and senior finance analysts' demographics:

Lead Finance AnalystSenior Finance Analyst
Average age4040
Gender ratioMale, 57.0% Female, 43.0%Male, 61.7% Female, 38.3%
Race ratioBlack 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between lead finance analyst and senior finance analyst duties and responsibilities

Lead finance analyst example responsibilities.

  • Manage and train a team of twelve employees to create SQL audits to identify errors in electronic billing.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Point of contact for external audit engagements relate to preparation of GAAP audit financial statements.
  • Complete bank reconciliations on a monthly basis.
  • Post cash receipts daily, and ensure accurate reconciliation to banks and ERP system.
  • Standardize processes in preparation of ERP implementation.
  • Show more

Senior finance analyst example responsibilities.

  • Used SharePoint repository to manage all project documents.
  • Manage deployment of SQL databases across multiple platforms within a secure environment focusing on security and data integrity.
  • Leverage and improve key performance indicators to drive portfolio management to core business team leads and executive sponsors.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Validate data in Hyperion EssBase for implementation.
  • Perform month end accounting close activities including preparation of accruals and monthly financial analysis reports for business unit management.
  • Show more

Lead finance analyst vs senior finance analyst skills

Common lead finance analyst skills
  • Financial Analysis, 9%
  • Hyperion, 8%
  • Financial Planning Analysis, 6%
  • Ad-Hoc Analysis, 4%
  • Balance Sheet, 3%
  • Financial Data, 3%
Common senior finance analyst skills
  • Financial Analysis, 12%
  • Hyperion, 5%
  • Financial Models, 5%
  • Strong Analytical, 4%
  • Variance Analysis, 4%
  • Ad-Hoc Analysis, 4%

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