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The differences between reconciliation 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 reconciliation analyst and a control analyst. Additionally, a control analyst has an average salary of $69,598, which is higher than the $55,716 average annual salary of a reconciliation analyst.
The top three skills for a reconciliation analyst include reconciliations, portfolio and reconciliation process. The most important skills for a control analyst are internal controls, risk assessments, and SOX.
| Reconciliation Analyst | Control Analyst | |
| Yearly salary | $55,716 | $69,598 |
| Hourly rate | $26.79 | $33.46 |
| Growth rate | 11% | 11% |
| Number of jobs | 59,659 | 133,321 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A reconciliation analyst is responsible for resolving transaction discrepancies between institutions, especially in financial and business records. Reconciliation analysts conduct audits on reports to identify gaps and inconsistencies and escalate it to the reconciliation supervisor for resolution recommendation. They also review account statements, update information on the database, and coordinate with other departments for the necessary filing of documents. A reconciliation analyst must have excellent analytical and critical-thinking skills, especially in providing immediate solutions to clients by adhering to the company's requirements and regulations.
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.
Reconciliation analysts and control analysts have different pay scales, as shown below.
| Reconciliation Analyst | Control Analyst | |
| Average salary | $55,716 | $69,598 |
| Salary range | Between $39,000 And $79,000 | Between $50,000 And $95,000 |
| Highest paying City | Boston, MA | Jersey City, NJ |
| Highest paying state | Massachusetts | Washington |
| Best paying company | J.P. Morgan | Meta |
| Best paying industry | Finance | Energy |
There are a few differences between a reconciliation analyst and a control analyst in terms of educational background:
| Reconciliation Analyst | Control Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between reconciliation analysts' and control analysts' demographics:
| Reconciliation Analyst | Control Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 51.9% Female, 48.1% |
| Race ratio | Black or African American, 8.1% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 11.4% White, 66.9% American Indian and Alaska Native, 0.2% | 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 Percentage | 12% | 12% |