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Lead finance analyst vs senior finance consultant

The differences between lead finance analysts and senior finance consultants 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 consultant. Additionally, a senior finance consultant has an average salary of $97,689, 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 senior finance consultant are financial analysis, project management, and financial services.

Lead finance analyst vs senior finance consultant overview

Lead Finance AnalystSenior Finance Consultant
Yearly salary$85,672$97,689
Hourly rate$41.19$46.97
Growth rate9%9%
Number of jobs89,105112,032
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 71%
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 consultant do?

A senior finance consultant is responsible for helping clients manage their account portfolios, recommending investment options, and monitoring their finances. Senior finance consultants should have extensive knowledge of the financial industry, especially on working with clients and inform them of current financial services and strategize financial plans according to the clients' needs and best interests. They also respond to clients' inquiries and concerns regarding their account performance and financial discrepancies, resolving issues to achieve the clients' long-term financial goals and objectives.

Lead finance analyst vs senior finance consultant salary

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

Lead Finance AnalystSenior Finance Consultant
Average salary$85,672$97,689
Salary rangeBetween $64,000 And $114,000Between $68,000 And $138,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaCalifornia
Best paying companyPacific Investment Management Company LLCDell
Best paying industryTelecommunicationTechnology

Differences between lead finance analyst and senior finance consultant education

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

Lead Finance AnalystSenior Finance Consultant
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Lead finance analyst vs senior finance consultant demographics

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

Lead Finance AnalystSenior Finance Consultant
Average age4040
Gender ratioMale, 57.0% Female, 43.0%Male, 68.2% Female, 31.8%
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 consultant 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 consultant example responsibilities.

  • Manage contractor responsible for building a customize Hyperion Essbase cube.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Review A/P & A/R aging with CFO weekly
  • Train employees on using the state PeopleSoft system for travel expense reimbursement.
  • Perform account adjustments, heavy reconciliation, as well as monthly closing of A/P, A/R and GL
  • Participate in cash management decisions and treasury functions.
  • Show more

Lead finance analyst vs senior finance consultant 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 consultant skills
  • Financial Analysis, 7%
  • Project Management, 6%
  • Financial Services, 5%
  • Strong Analytical, 4%
  • Shared Services, 4%
  • Risk Management, 3%

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