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The differences between reconciliation analysts and junior is 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 junior is analyst. Additionally, a junior is analyst has an average salary of $65,296, 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 junior is analyst are powerpoint, data analysis, and portfolio.
| Reconciliation Analyst | Junior IS Analyst | |
| Yearly salary | $55,716 | $65,296 |
| Hourly rate | $26.79 | $31.39 |
| Growth rate | 11% | 11% |
| Number of jobs | 59,659 | 92,477 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 75% |
| 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 junior IS analyst takes responsibility in making sure that databases are constructed appropriately and with access limits. IS analysts improve trading strategy with intermediaries through compensation information analysis. They handle financial claims payment as well as provider directory processes. Also, they develop dictionaries and provide technical support. They even perform due diligence for investment opportunities. The skills they need to have include management, information technology, and financial management.
Reconciliation analysts and junior is analysts have different pay scales, as shown below.
| Reconciliation Analyst | Junior IS Analyst | |
| Average salary | $55,716 | $65,296 |
| Salary range | Between $39,000 And $79,000 | Between $45,000 And $93,000 |
| Highest paying City | Boston, MA | Jersey City, NJ |
| Highest paying state | Massachusetts | New Hampshire |
| Best paying company | J.P. Morgan | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a reconciliation analyst and a junior is analyst in terms of educational background:
| Reconciliation Analyst | Junior IS Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between reconciliation analysts' and junior is analysts' demographics:
| Reconciliation Analyst | Junior IS Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 60.3% Female, 39.7% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |