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Program finance analyst vs risk analyst

The differences between program finance analysts and risk 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 program finance analyst and a risk analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $57,254 average annual salary of a program finance analyst.

The top three skills for a program finance analyst include financial analysis, variance analysis and program management. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.

Program finance analyst vs risk analyst overview

Program Finance AnalystRisk Analyst
Yearly salary$57,254$81,484
Hourly rate$27.53$39.17
Growth rate9%9%
Number of jobs154,30571,284
Job satisfaction--
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 71%
Average age4040
Years of experience44

What does a program finance analyst do?

A program finance analyst is an individual who supports the execution of program financial services to ensure effective and transparent utilization of financial resources. Program finance analysts must obtain and compile information regarding the credit history of loan applicants, corporate financial statements, and other financial information. They communicate with faculty members and business administrators about the company's financial status and provide recommendations for strategic planning. Program finance analysts must also monitor the financial performance of a project and provide analysis for project managers concerning burn rates and potential overruns.

What does a risk analyst do?

As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions. You will be responsible for aggregating data from several sources to develop a comprehensive assessment and create reports, processes, and presentations to better present results. You are also expected to work closely with other team members to analyze and show data effectively.

Program finance analyst vs risk analyst salary

Program finance analysts and risk analysts have different pay scales, as shown below.

Program Finance AnalystRisk Analyst
Average salary$57,254$81,484
Salary rangeBetween $42,000 And $76,000Between $59,000 And $112,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaConnecticut
Best paying companyMicrosoftThe Citadel
Best paying industryTechnologyManufacturing

Differences between program finance analyst and risk analyst education

There are a few differences between a program finance analyst and a risk analyst in terms of educational background:

Program Finance AnalystRisk Analyst
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Program finance analyst vs risk analyst demographics

Here are the differences between program finance analysts' and risk analysts' demographics:

Program Finance AnalystRisk Analyst
Average age4040
Gender ratioMale, 53.5% Female, 46.5%Male, 53.4% Female, 46.6%
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 program finance analyst and risk analyst duties and responsibilities

Program finance analyst example responsibilities.

  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Prepare monthly accounts payable accruals as well as researching and analyzing account variances.
  • Provide monthly and quarterly accruals of channel programs and MDF to revenue accounting team.
  • Ensure accurate forecasting in using Hyperion.
  • Perform monthly contract invoicing/billings, program account reconciliations, and sales forecasting.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Show more

Risk analyst example responsibilities.

  • Create programs in Java to automate trade execution and ensure market clear downloads are facilitate by the same.
  • Manage financial derivative models to ensure accurate calculation, structure and pricing.
  • Manage investigation and reporting of occurrences to applicable regulatory agencies when indicate and facilitate disclosure to patients and families.
  • Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
  • Manage treasury workstation steering team for automation of core treasury operations for increase reliability of financial reporting and decision making.
  • Use SAS and SQL to originate and maintain analytic data marts and automate reporting.
  • Show more

Program finance analyst vs risk analyst skills

Common program finance analyst skills
  • Financial Analysis, 13%
  • Variance Analysis, 5%
  • Program Management, 5%
  • Financial Data, 4%
  • Earned Value Management, 3%
  • Strong Analytical, 3%
Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%

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