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Senior finance specialist vs manager finance planning and analysis

The differences between senior finance specialists and managers finance planning and analysis can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a senior finance specialist, becoming a manager finance planning and analysis takes usually requires 6-8 years. Additionally, a manager finance planning and analysis has an average salary of $106,888, which is higher than the $89,779 average annual salary of a senior 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 manager finance planning and analysis are financial performance, financial planning analysis, and financial analysis.

Senior finance specialist vs manager finance planning and analysis overview

Senior Finance SpecialistManager Finance Planning And Analysis
Yearly salary$89,779$106,888
Hourly rate$43.16$51.39
Growth rate9%17%
Number of jobs71,214111,706
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 71%
Average age4046
Years of experience48

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 manager finance planning and analysis do?

A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.

Senior finance specialist vs manager finance planning and analysis salary

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

Senior Finance SpecialistManager Finance Planning And Analysis
Average salary$89,779$106,888
Salary rangeBetween $55,000 And $146,000Between $76,000 And $148,000
Highest paying CityNew York, NYSan Bruno, CA
Highest paying stateNew YorkConnecticut
Best paying companyZSCravath
Best paying industryTelecommunicationManufacturing

Differences between senior finance specialist and manager finance planning and analysis education

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

Senior Finance SpecialistManager Finance Planning And Analysis
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior finance specialist vs manager finance planning and analysis demographics

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

Senior Finance SpecialistManager Finance Planning And Analysis
Average age4046
Gender ratioMale, 47.9% Female, 52.1%Male, 68.0% Female, 32.0%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage7%11%

Differences between senior finance specialist and manager finance planning and analysis 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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Manager finance planning and analysis example responsibilities.

  • Manage staff analysis and reporting on GAAP operating results and statutory consolidation.
  • Evaluate and screen capital projects and business expansion initiatives achieving expect ROI and organizational success.
  • Manage capital projects, coordinate profit planning and annual business meetings, and co-manage SOX compliance implementation.
  • Manage payroll and control human resource expense budgets by identifying variance between budget and results and continuously improving working efficiency.
  • Prepare payroll and manage all human resource functions including recruitment, training and performance reviews for all administrative and financial personnel.
  • Implement 1st systematic forecast for balance sheet and cash flow in Hyperion planning providing senior management timely analysis for decision making.
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Senior finance specialist vs manager finance planning and analysis skills

Common senior finance specialist skills
  • Financial Statements, 13%
  • Financial Data, 6%
  • Financial Analysis, 6%
  • Calculation, 4%
  • Strong Analytical, 4%
  • Financial Management, 3%
Common manager finance planning and analysis skills
  • Financial Performance, 8%
  • Financial Planning Analysis, 7%
  • Financial Analysis, 6%
  • Customer Service, 6%
  • Financial Models, 4%
  • Hyperion, 4%

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