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The differences between senior accounts payable specialists and account payables analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior accounts payable specialist and an account payables analyst. Additionally, a senior accounts payable specialist has an average salary of $60,557, which is higher than the $54,356 average annual salary of an account payables analyst.
The top three skills for a senior accounts payable specialist include vendor statements, expense reports and purchase orders. The most important skills for an account payables analyst are customer service, data entry, and purchase orders.
| Senior Accounts Payable Specialist | Account Payables Analyst | |
| Yearly salary | $60,557 | $54,356 |
| Hourly rate | $29.11 | $26.13 |
| Growth rate | -5% | -5% |
| Number of jobs | 31,611 | 73,985 |
| Job satisfaction | 3 | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 63% |
| Average age | 51 | 51 |
| Years of experience | 6 | 6 |
A senior accounts payable specialist is responsible for performing more complex tasks in the accounting department of an organization and assisting the junior staff in processing financial transactions. Senior accounts payable specialists manage invoice release for vendors and perform bank reconciliations. They also handle the vendors' inquiries and concerns regarding their paychecks and resolve billing discrepancies that they may have. A senior account payable specialist must have excellent knowledge of the accounting principles to generate payments accurately and maintain an organized record of the financial filing system.
An accounts payable analyst is primarily responsible for managing and processing invoices and payments, ensuring accuracy and timeliness. They are also responsible for coordinating with various departments to obtain and acquire data and invoices, submitting payments to external vendors and suppliers, identifying errors and inconsistencies, and providing corrective measures. One may also perform clerical tasks such as producing progress reports and presentations, managing schedules, addressing issues and concerns through calls and correspondence, and resolving them promptly and efficiently.
Senior accounts payable specialists and account payables analysts have different pay scales, as shown below.
| Senior Accounts Payable Specialist | Account Payables Analyst | |
| Average salary | $60,557 | $54,356 |
| Salary range | Between $43,000 And $83,000 | Between $39,000 And $74,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Delaware | New York |
| Best paying company | Pacific Investment Management Company LLC | SMTC |
| Best paying industry | Finance | Energy |
There are a few differences between a senior accounts payable specialist and an account payables analyst in terms of educational background:
| Senior Accounts Payable Specialist | Account Payables Analyst | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 63% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior accounts payable specialists' and account payables analysts' demographics:
| Senior Accounts Payable Specialist | Account Payables Analyst | |
| Average age | 51 | 51 |
| Gender ratio | Male, 15.2% Female, 84.8% | Male, 26.3% Female, 73.7% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6% | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 7% |