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The differences between reconciliation analysts and reporting 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 reporting analyst. Additionally, a reporting analyst has an average salary of $73,478, 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 reporting analyst are power bi, data analysis, and dashboards.
| Reconciliation Analyst | Reporting Analyst | |
| Yearly salary | $55,716 | $73,478 |
| Hourly rate | $26.79 | $35.33 |
| Growth rate | 11% | 11% |
| Number of jobs | 59,659 | 87,731 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| 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.
As a reporting analyst, you are responsible for collecting relevant reports, analyzing raw data, writing, and delivering executive-ready qualitative and/or quantitative reports as per clients' requirements. The results collected will be communicated to managers or clients, who will then provide suggestions based on their findings. This person must have excellent quantitative & qualitative analytical skills, a strong eye for detail, strong organizational and multitasking abilities, and be able to work on tight deadlines. Intermediate to advanced knowledge of Excel is a must for this position.
Reconciliation analysts and reporting analysts have different pay scales, as shown below.
| Reconciliation Analyst | Reporting Analyst | |
| Average salary | $55,716 | $73,478 |
| Salary range | Between $39,000 And $79,000 | Between $56,000 And $95,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | Massachusetts | Washington |
| Best paying company | J.P. Morgan | Meta |
| Best paying industry | Finance | Finance |
There are a few differences between a reconciliation analyst and a reporting analyst in terms of educational background:
| Reconciliation Analyst | Reporting Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between reconciliation analysts' and reporting analysts' demographics:
| Reconciliation Analyst | Reporting Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 54.1% Female, 45.9% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.4% White, 65.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |