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Senior tax analyst vs senior finance analyst

The differences between senior tax analysts 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 tax analyst and a senior finance analyst. Additionally, a senior finance analyst has an average salary of $83,222, which is higher than the $79,029 average annual salary of a senior tax analyst.

The top three skills for a senior tax analyst include ASC, state income and onesource. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.

Senior tax analyst vs senior finance analyst overview

Senior Tax AnalystSenior Finance Analyst
Yearly salary$79,029$83,222
Hourly rate$37.99$40.01
Growth rate6%9%
Number of jobs56,996117,609
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 74%
Average age4440
Years of experience44

What does a senior tax analyst do?

A senior tax analyst is responsible for reconciling tax accounts, preparing tax payment estimates for the state and federal income tax jurisdictions. Other tasks that you will perform include discussing inter-company accounting, conducting tax research using different tax databases, and preparing state and federal income tax returns. In addition, you will be responsible for maintaining client accounts, write-ups, and ledgers, reconciling bank statements, and researching, developing, and executing tax-efficient structure. As a senior tax analyst, you are also responsible for reviewing and analyzing tax withholdings.

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 tax analyst vs senior finance analyst salary

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

Senior Tax AnalystSenior Finance Analyst
Average salary$79,029$83,222
Salary rangeBetween $58,000 And $106,000Between $62,000 And $110,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateRhode IslandCalifornia
Best paying companyGoogleGoogle
Best paying industryFinanceTechnology

Differences between senior tax analyst and senior finance analyst education

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

Senior Tax AnalystSenior Finance Analyst
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 74%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Pennsylvania

Senior tax analyst vs senior finance analyst demographics

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

Senior Tax AnalystSenior Finance Analyst
Average age4440
Gender ratioMale, 48.3% Female, 51.7%Male, 61.7% Female, 38.3%
Race ratioBlack or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.5% White, 60.8% American Indian and Alaska Native, 0.5%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 tax analyst and senior finance analyst duties and responsibilities

Senior tax analyst example responsibilities.

  • Manage the production of retirement benefit checks, and ACH invoices.
  • Review various tax liability and reserve account reconciliations to ensure proper accounting treatment of tax collections and remittances.
  • Prepare sales/use tax reclassification journal entries for monthly closing and perform quarterly and annual sales/use tax accounts reconciliation for SOX control.
  • Used OneSource s/w for filing the tax returns.
  • Develop and generate ERP system reports, meeting standard reporting needs.
  • Improve: labor reporting, sales cycle, departments communication, A/R & A/P processing.
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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.
  • Show more

Senior tax analyst vs senior finance analyst skills

Common senior tax analyst skills
  • ASC, 6%
  • State Income, 5%
  • OneSource, 5%
  • Tax Compliance, 5%
  • Tax Research, 4%
  • Indirect Tax, 4%
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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