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Senior finance specialist vs finance specialist

The differences between senior finance specialists and finance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior finance specialist has an average salary of $89,779, which is higher than the $61,666 average annual salary of a finance specialist.

The top three skills for a senior finance specialist include financial statements, financial data and financial analysis. The most important skills for a finance specialist are customer service, phone calls, and cash handling.

Senior finance specialist vs finance specialist overview

Senior Finance SpecialistFinance Specialist
Yearly salary$89,779$61,666
Hourly rate$43.16$29.65
Growth rate9%10%
Number of jobs71,21497,216
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 62%
Average age4043
Years of experience4-

What does a senior finance specialist do?

A finance specialist sells products and services at a financial institution. Finance specialists meet with customers to have a better understanding of their respective needs. The specialists offer insight into the trends in the financial market. They provide a suggestion on optimization strategies. It is expected of them to share their insight into the potential models in the business. The necessary skills for this job include strong communication, management experience, financial management, and analytical thinking.

What does a finance specialist do?

A financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.

Senior finance specialist vs finance specialist salary

Senior finance specialists and finance specialists have different pay scales, as shown below.

Senior Finance SpecialistFinance Specialist
Average salary$89,779$61,666
Salary rangeBetween $55,000 And $146,000Between $37,000 And $100,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkConnecticut
Best paying companyZSGoogle
Best paying industryTelecommunicationFinance

Differences between senior finance specialist and finance specialist education

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

Senior Finance SpecialistFinance Specialist
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior finance specialist vs finance specialist demographics

Here are the differences between senior finance specialists' and finance specialists' demographics:

Senior Finance SpecialistFinance Specialist
Average age4043
Gender ratioMale, 47.9% Female, 52.1%Male, 42.1% Female, 57.9%
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, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3%
LGBT Percentage7%4%

Differences between senior finance specialist and finance specialist duties and responsibilities

Senior finance specialist example responsibilities.

  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Align all financial activity with the regulations of the GAAP.
  • Analyze technical financial problems and provide professional assistance and advice concerning their solutions using GAAP and GASB standards.
  • Administer accounts payable, accounts receivable, bank statements reconciliations and confirmations.
  • Monitor and maintain various account reconciliations for audit requirements, compliance controls, and other special analysis requests.
  • Handle the tasks of monitoring payroll activities and program components to ensure compliance with establish legal and administrative requirements.
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Finance specialist example responsibilities.

  • Lead lease of aircraft including analysis and coordination of treasury, legal, tax and insurance reviews.
  • Manage client relationship by presenting solutions for customers state and unstate needs while cross-selling company products.
  • Ensure the highest standards of SOX compliance by conducting internal audits and annual SOX testing with external auditors.
  • Compare the closed month and calendar month reports in Hyperion.
  • Prepare work papers for annual audit and tax filings and coordinate with external CPA.
  • Prepare and audit coworker contract development of insurance provider contracts, SOX testing and publishing system wide contract updates.
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Senior finance specialist vs finance specialist skills

Common senior finance specialist skills
  • Financial Statements, 13%
  • Financial Data, 6%
  • Financial Analysis, 6%
  • Calculation, 4%
  • Strong Analytical, 4%
  • Financial Management, 3%
Common finance specialist skills
  • Customer Service, 23%
  • Phone Calls, 16%
  • Cash Handling, 10%
  • Customer Inquiries, 9%
  • Patients, 6%
  • Financial Reports, 6%

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