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Senior contract analyst vs senior finance analyst

The differences between senior contract analysts and senior finance analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior finance analyst has an average salary of $83,222, which is higher than the $60,645 average annual salary of a senior contract analyst.

The top three skills for a senior contract analyst include contract administration, SQL and analytical support. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.

Senior contract analyst vs senior finance analyst overview

Senior Contract AnalystSenior Finance Analyst
Yearly salary$60,645$83,222
Hourly rate$29.16$40.01
Growth rate9%9%
Number of jobs52,254117,609
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 74%
Average age4440
Years of experience-4

What does a senior contract analyst do?

A senior contract analyst is responsible for creating business agreements and contract negotiations, ensuring that the terms of service adhere to the business' requirements and interests. Senior contract analysts follow strict contractual regulations and legal policies to prevent contract disputes and discrepancies that may pose financial and reputational risks for the business. They should also be informed of the business services and client conditions to verify liabilities and obligations within the contract clauses. A senior contract analyst must have excellent communication and organizational skills, especially in writing expertise, to create and revise contract documents as needed.

What does a senior finance analyst do?

A Senior Financial Analyst's role is to oversee the financial aspects and manage fellow analysts in a company. Among the tasks of a Senior Financial Analyst include conducting research and analysis, providing forecast in revenue and expenditures, creating financial models that would suit the company and project more sales, and take part in the planning of finances. Moreover, being a Senior Financial Analyst means leading a team of skilled professionals in the same field of expertise.

Senior contract analyst vs senior finance analyst salary

Senior contract analysts and senior finance analysts have different pay scales, as shown below.

Senior Contract AnalystSenior Finance Analyst
Average salary$60,645$83,222
Salary rangeBetween $44,000 And $82,000Between $62,000 And $110,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateColoradoCalifornia
Best paying companyAARPGoogle
Best paying industryFinanceTechnology

Differences between senior contract analyst and senior finance analyst education

There are a few differences between a senior contract analyst and a senior finance analyst in terms of educational background:

Senior Contract AnalystSenior Finance Analyst
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 74%
Most common majorBusinessAccounting
Most common collegeWestern Carolina UniversityUniversity of Pennsylvania

Senior contract analyst vs senior finance analyst demographics

Here are the differences between senior contract analysts' and senior finance analysts' demographics:

Senior Contract AnalystSenior Finance Analyst
Average age4440
Gender ratioMale, 40.4% Female, 59.6%Male, 61.7% Female, 38.3%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%Black 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%
LGBT Percentage11%7%

Differences between senior contract analyst and senior finance analyst duties and responsibilities

Senior contract analyst example responsibilities.

  • Manage cross-functional teams responsible for network infrastructure, enterprise applications, servers, capacity and business continuity planning.
  • Identify target products and new generic competition for bids and assist in the RFP process to increase savings.
  • Administer software development subcontracts from initial RFP to contract closeout for software development group.
  • Maintain and develop positive business relationships with a staff members and key leaders involve in or directly relevant to logistics activity.
  • Assist in preparation of RFQ.
  • Manage expectations of DCMA / DCAA regulators and when necessary defend evaluated/negotiated positions.

Senior finance analyst example responsibilities.

  • Used SharePoint repository to manage all project documents.
  • Manage deployment of SQL databases across multiple platforms within a secure environment focusing on security and data integrity.
  • Leverage and improve key performance indicators to drive portfolio management to core business team leads and executive sponsors.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Validate data in Hyperion EssBase for implementation.
  • Perform month end accounting close activities including preparation of accruals and monthly financial analysis reports for business unit management.
  • Show more

Senior contract analyst vs senior finance analyst skills

Common senior contract analyst skills
  • Contract Administration, 16%
  • SQL, 7%
  • Analytical Support, 6%
  • Cost Savings, 6%
  • Customer Service, 5%
  • Contract Language, 5%
Common senior finance analyst skills
  • Financial Analysis, 12%
  • Hyperion, 5%
  • Financial Models, 5%
  • Strong Analytical, 4%
  • Variance Analysis, 4%
  • Ad-Hoc Analysis, 4%

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