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Project finance analyst vs control analyst

The differences between project finance analysts and control 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 project finance analyst and a control analyst. Additionally, a project finance analyst has an average salary of $77,005, which is higher than the $69,598 average annual salary of a control analyst.

The top three skills for a project finance analyst include financial analysis, project management and financial data. The most important skills for a control analyst are internal controls, risk assessments, and SOX.

Project finance analyst vs control analyst overview

Project Finance AnalystControl Analyst
Yearly salary$77,005$69,598
Hourly rate$37.02$33.46
Growth rate9%11%
Number of jobs106,230133,321
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 69%
Average age4044
Years of experience44

What does a project finance analyst do?

A project finance analyst is responsible for analyzing the financial needs and reports of an organization's project management system. Project finance analysts review project terms and expense forecasting and identify strategies to minimize financial loss. They also resolve account discrepancies and file accurate financial statements upon the assessment of project plans, resources, and timetables. A project finance analyst must have excellent communication and analytical skills to determine potential risks and enhance the company's portfolio for business proposals.

What does a control analyst do?

A control analyst is an individual who is responsible for identifying weaknesses in the work process of an organization and implement methods to minimize risks. Control analysts are required to supervise the process for incident reports and provide technical guidance to their personnel. They must prepare monthly general ledger account analysis and balance sheets reconciliations that are according to the generally accepted accounting principles (GAAP). Control analysts should also assist with the organization's ISO audit procedures and findings.

Project finance analyst vs control analyst salary

Project finance analysts and control analysts have different pay scales, as shown below.

Project Finance AnalystControl Analyst
Average salary$77,005$69,598
Salary rangeBetween $54,000 And $108,000Between $50,000 And $95,000
Highest paying CitySan Francisco, CAJersey City, NJ
Highest paying statePennsylvaniaWashington
Best paying companyGoogleMeta
Best paying industryManufacturingEnergy

Differences between project finance analyst and control analyst education

There are a few differences between a project finance analyst and a control analyst in terms of educational background:

Project Finance AnalystControl Analyst
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaNorthwestern University

Project finance analyst vs control analyst demographics

Here are the differences between project finance analysts' and control analysts' demographics:

Project Finance AnalystControl Analyst
Average age4044
Gender ratioMale, 48.8% Female, 51.2%Male, 51.9% Female, 48.1%
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, 8.3% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.7% White, 66.3% American Indian and Alaska Native, 0.2%
LGBT Percentage7%12%

Differences between project finance analyst and control analyst duties and responsibilities

Project finance analyst example responsibilities.

  • Lead a reconciliations project team responsible for the implementing new systemic reconciliations replacing manual and legacy processes.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Work with the accounting team to ensure revenue recognition rules where in compliance with GAAP and internal policy.
  • Ensure that budgets are loaded into ERP properly and tie to control totals
  • Complete coursework through PeopleSoft in order to thoroughly understand each module's processes.
  • Identify and implement optimal manner of extracting, purging and transferring data from old systems to PeopleSoft.
  • Show more

Control analyst example responsibilities.

  • Manage the implementation and roll-out of SharePoint as a team collaboration and document management tool.
  • Develop infrastructure to enable clients to better understand and manage risks associate with their decision environment to capture opportunities.
  • Transform the month-end calculation methodology and analysis process to provide a more accurate and detail fuel accruals and variance analysis.
  • Assist in SQL database applications development custom tailor for company s needs.
  • Provide ad hoc queries as requested by various areas within the bank (SQL).
  • Conduct UAT to make sure that all applications are tested for functionality and are adequately accept by users.
  • Show more

Project finance analyst vs control analyst skills

Common project finance analyst skills
  • Financial Analysis, 11%
  • Project Management, 9%
  • Financial Data, 4%
  • Strong Analytical, 4%
  • Hyperion, 3%
  • Financial Management, 3%
Common control analyst skills
  • Internal Controls, 8%
  • Risk Assessments, 6%
  • SOX, 5%
  • Internal Audit, 4%
  • Customer Service, 4%
  • Strong Analytical, 4%

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