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Senior finance specialist vs senior finance analyst

The differences between senior finance specialists and senior finance 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 specialist and a senior finance analyst. Additionally, a senior finance specialist has an average salary of $89,779, which is higher than the $83,222 average annual salary of a senior finance analyst.

The top three skills for a senior finance specialist include financial statements, financial data and financial analysis. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.

Senior finance specialist vs senior finance analyst overview

Senior Finance SpecialistSenior Finance Analyst
Yearly salary$89,779$83,222
Hourly rate$43.16$40.01
Growth rate9%9%
Number of jobs71,214117,609
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 74%
Average age4040
Years of experience44

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 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 finance specialist vs senior finance analyst salary

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

Senior Finance SpecialistSenior Finance Analyst
Average salary$89,779$83,222
Salary rangeBetween $55,000 And $146,000Between $62,000 And $110,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkCalifornia
Best paying companyZSGoogle
Best paying industryTelecommunicationTechnology

Differences between senior finance specialist and senior finance analyst education

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

Senior Finance SpecialistSenior Finance Analyst
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 74%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior finance specialist vs senior finance analyst demographics

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

Senior Finance SpecialistSenior Finance Analyst
Average age4040
Gender ratioMale, 47.9% Female, 52.1%Male, 61.7% Female, 38.3%
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 specialist and senior finance analyst 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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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.
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Senior finance specialist vs senior finance analyst skills

Common senior finance specialist skills
  • Financial Statements, 13%
  • Financial Data, 6%
  • Financial Analysis, 6%
  • Calculation, 4%
  • Strong Analytical, 4%
  • Financial Management, 3%
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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