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The differences between lead finance analysts and senior finance managers 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 senior finance manager takes usually requires 6-8 years. Additionally, a senior finance manager has an average salary of $133,358, 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 manager are hyperion, financial performance, and financial analysis.
| Lead Finance Analyst | Senior Finance Manager | |
| Yearly salary | $85,672 | $133,358 |
| Hourly rate | $41.19 | $64.11 |
| Growth rate | 9% | 17% |
| Number of jobs | 89,105 | 139,639 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| Average age | 40 | 46 |
| Years of experience | 4 | 8 |
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 senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.
Lead finance analysts and senior finance managers have different pay scales, as shown below.
| Lead Finance Analyst | Senior Finance Manager | |
| Average salary | $85,672 | $133,358 |
| Salary range | Between $64,000 And $114,000 | Between $95,000 And $185,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Pacific Investment Management Company LLC | Roku |
| Best paying industry | Telecommunication | Professional |
There are a few differences between a lead finance analyst and a senior finance manager in terms of educational background:
| Lead Finance Analyst | Senior Finance Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead finance analysts' and senior finance managers' demographics:
| Lead Finance Analyst | Senior Finance Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 70.3% Female, 29.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |