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Senior finance planning analyst vs risk analyst

The differences between senior finance planning analysts and risk 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 senior finance planning analyst and a risk analyst. Additionally, a senior finance planning analyst has an average salary of $87,863, which is higher than the $81,484 average annual salary of a risk analyst.

The top three skills for a senior finance planning analyst include hyperion, financial analysis and financial planning analysis. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.

Senior finance planning analyst vs risk analyst overview

Senior Finance Planning AnalystRisk Analyst
Yearly salary$87,863$81,484
Hourly rate$42.24$39.17
Growth rate9%9%
Number of jobs90,33071,284
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 71%
Average age4040
Years of experience44

What does a senior finance planning analyst do?

A senior financial planning analyst is responsible for monitoring the financial situation and stability of the company by conducting data and statistical analysis from account statement reports and market trends. Senior financial planning analysts review cost and expense forecasting, budgeting for resource allocation, and resolve financial discrepancies that may affect business functions and operations. They also identify business opportunities to generate more revenues and increase the company's profitability, design an efficient financial database, and prepare organized financial and billing reports.

What does a risk analyst do?

As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions. You will be responsible for aggregating data from several sources to develop a comprehensive assessment and create reports, processes, and presentations to better present results. You are also expected to work closely with other team members to analyze and show data effectively.

Senior finance planning analyst vs risk analyst salary

Senior finance planning analysts and risk analysts have different pay scales, as shown below.

Senior Finance Planning AnalystRisk Analyst
Average salary$87,863$81,484
Salary rangeBetween $64,000 And $120,000Between $59,000 And $112,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateOregonConnecticut
Best paying companyCredit KarmaThe Citadel
Best paying industryManufacturingManufacturing

Differences between senior finance planning analyst and risk analyst education

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

Senior Finance Planning AnalystRisk Analyst
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 71%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior finance planning analyst vs risk analyst demographics

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

Senior Finance Planning AnalystRisk Analyst
Average age4040
Gender ratioMale, 66.5% Female, 33.5%Male, 53.4% Female, 46.6%
Race ratioBlack 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%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 Percentage7%7%

Differences between senior finance planning analyst and risk analyst duties and responsibilities

Senior finance planning analyst example responsibilities.

  • Prepare payroll and manage all human resource functions including recruitment, training and performance reviews for all administrative and financial personnel.
  • Reconcile main Essbase data repository to correct annual operating profit discrepancies of $750k.
  • Improve business analysis, developing Essbase models adopt for all program approval evaluations.
  • Perform extensive modeling for service internalization, make-vs-buy decisions, ROI and scenario analyses.
  • Facilitate periodic forecast and annual plan submission process into Hyperion by partnering with MetLife s business units.
  • Collaborate with executives and financial managers from numerous cross-functional disciplines on high-level financial projections, reporting and Hyperion administration.
  • Show more

Risk analyst example responsibilities.

  • Create programs in Java to automate trade execution and ensure market clear downloads are facilitate by the same.
  • Manage financial derivative models to ensure accurate calculation, structure and pricing.
  • Manage investigation and reporting of occurrences to applicable regulatory agencies when indicate and facilitate disclosure to patients and families.
  • Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
  • Manage treasury workstation steering team for automation of core treasury operations for increase reliability of financial reporting and decision making.
  • Use SAS and SQL to originate and maintain analytic data marts and automate reporting.
  • Show more

Senior finance planning analyst vs risk analyst skills

Common senior finance planning analyst skills
  • Hyperion, 11%
  • Financial Analysis, 11%
  • Financial Planning Analysis, 8%
  • Financial Models, 6%
  • Ad-Hoc Analysis, 5%
  • Financial Data, 4%
Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%

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