What Does a Finance Management Analyst Do? Roles And Responsibilities - Zippia (2024)

Updated March 14, 2024

7 min read

What Does a Finance Management Analyst Do? Roles And Responsibilities - Zippia (1)

A finance management analyst specializes in performing extensive research and analysis to devise strategies that can help a company achieve its long-term financial goals. Their responsibilities typically revolve around having an in-depth understanding of the company and its services, gathering and reviewing its financial history and other portfolios, and determining investment opportunities to earn a significant profit. Furthermore, a finance management analyst must report their findings and present action plans, providing a comprehensive explanation to officials, all while adhering to the company's policies and regulations.

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What Does a Finance Management Analyst Do? Roles And Responsibilities - Zippia (2)

Finance management analyst responsibilities

A finance management analyst's responsibilities include instructing employees on financial infrastructure and data analysis, developing financial management systems, and conducting financial audits to ensure compliance with internal controls and policy directives. They also review and analyze financial forecasts, manage budgets, and perform monthly closing and reconciliations. Additionally, they develop and program databases to document key revenue components and analyze internal control systems' effectiveness. They also evaluate and analyze financial metrics, create financial models, and perform management surveys.

Here are examples of responsibilities from real finance management analyst resumes:

  • Investigate and manage accounting reconciliations or discrepancies, including auditing and verifying daily transactions with cash balances for correlations and accuracy.
  • Review DTS authorizations for every traveler belonging to AEC.
  • Communicate daily with the accounting department to derive amounts and invoice numbers for DOD and non DOD customers.
  • Serve as the primary GFEBS user for the LRC and act as the coordinator for training and access to GFEBS.
  • Calculate salaries in preparation to cost transfer in GFEBS to the correct cost centers/ WBS elements (cost collectors).
  • Maintain accounting practices for the ambulatory surgery center in QuickBooks.
  • Review, develop and coordinate recommendations to improve and strengthen controls over DoD operations and programs.
  • Design reports within QuickBooks which provide owners the financial status of each department and highlight under-performing areas.
  • Deliver an innovative data visualization capability.
  • Provide assistance to internal audit and external auditors, and participate in an OMB A123 compliance audit advising possible corrective actions.
  • Validate division's financial documentation (e.g., statements of work, MIPRs, etc . )
  • Deliver an innovative data visualization capability.

Finance management analyst skills and personality traits

We calculated that 13% of Finance Management Analysts are proficient in Financial Management, Financial Issues, and Management Reports. They’re also known for soft skills such as Interpersonal skills, Problem-solving skills, and Time-management skills.

We break down the percentage of Finance Management Analysts that have these skills listed on their resume here:

  • Financial Management, 13%

    Review System Implementation requirements and train users on application use and financial management policy and procedures as represented by the application.

  • Financial Issues, 10%

    Prepared and analyzed potential opportunities for profitability, sustainability, and foreseeable financial issues.

  • Management Reports, 9%

    Compile data and prepares complex administrative and management reports that are mandated from higher echelons in the organization.

  • Financial Policies, 9%

    Provided advice and guidance covering a wide variety of financial policies and programs/systems requirements.

  • DOD, 9%

    Reviewed, developed and coordinated recommendations to improve and strengthen controls over DoD operations and programs.

  • Budget Estimates, 8%

    Developed program and budget estimates, and performed activities related to determining planned/actual values, calculated planned overhead costs and distribution.

Common skills that a finance management analyst uses to do their job include "financial management," "financial issues," and "management reports." You can find details on the most important finance management analyst responsibilities below.

Interpersonal skills. To carry out their duties, the most important skill for a finance management analyst to have is interpersonal skills. Their role and responsibilities require that "management analysts work with managers and other employees of the organizations for which they provide consulting services." Finance management analysts often use interpersonal skills in their day-to-day job, as shown by this real resume: "demonstrated strong customer service, communication (verbal & written), interpersonal and documentation skills. "

Problem-solving skills. Another essential skill to perform finance management analyst duties is problem-solving skills. Finance management analysts responsibilities require that "management analysts must be able to think creatively to solve clients’ problems." Finance management analysts also use problem-solving skills in their role according to a real resume snippet: "provided user layout solutions to financial analysts to improve productivity after erp conversion. "

Time-management skills. This is an important skill for finance management analysts to perform their duties. For an example of how finance management analyst responsibilities depend on this skill, consider that "management analysts often work under tight deadlines and must use their time efficiently to complete projects on schedule." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a finance management analyst: "compile and analyze financial information to prepare financial management reports and make certain that all financial deadlines are met. ".

Analytical skills. For certain finance management analyst responsibilities to be completed, the job requires competence in "analytical skills." The day-to-day duties of a finance management analyst rely on this skill, as "management analysts must be able to interpretinformation and use their findings to make proposals." For example, this snippet was taken directly from a resume about how this skill applies to what finance management analysts do: "participated in the analysis, development and implementation of lawson erp financial application. "

Communication skills. Another common skill required for finance management analyst responsibilities is "communication skills." This skill comes up in the duties of finance management analysts all the time, as "management analysts must be able to convey information clearly in both writing and speaking." An excerpt from a real finance management analyst resume shows how this skill is central to what a finance management analyst does: "processed payroll for all employees; managed petty cash funds; worked with headquarters to ensure accuracy and maintain communications. "

All finance management analyst skills

The three companies that hire the most finance management analysts are:

  • Deloitte37 finance management analysts jobs
  • Accenture20 finance management analysts jobs
  • JPMorgan Chase & Co.11 finance management analysts jobs

Choose from 10+ customizable finance management analyst resume templates

Build a professional finance management analyst resume in minutes. Our AI resume writing assistant will guide you through every step of the process, and you can choose from 10+ resume templates to create your finance management analyst resume.

What Does a Finance Management Analyst Do? Roles And Responsibilities - Zippia (19)What Does a Finance Management Analyst Do? Roles And Responsibilities - Zippia (20)

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Compare different finance management analysts

Finance management analyst vs. Analyst

Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.

If we compare the average finance management analyst annual salary with that of an analyst, we find that analysts typically earn a $1,073 higher salary than finance management analysts make annually.While their salaries may differ, the common ground between finance management analysts and analysts are a few of the skills required in each roleacirc;euro;trade;s responsibilities. In both careers, employee duties involve skills like dod, financial analysis, and financial data.

There are some key differences in the responsibilities of each position. For example, finance management analyst responsibilities require skills like "financial management," "financial issues," "management reports," and "financial policies." Meanwhile a typical analyst has skills in areas such as "customer service," "troubleshoot," "project management," and "digital transformation." This difference in skills reveals the differences in what each career does.

analysts really shine in the technology industry with an average salary of $79,330. Comparatively, finance management analysts tend to make the most money in the government industry with an average salary of $85,442.analysts tend to reach similar levels of education than finance management analysts. In fact, analysts are 4.4% less likely to graduate with a Master's Degree and 0.7% more likely to have a Doctoral Degree.

Finance management analyst vs. Finance officer

A finance officer is responsible for monitoring the financial department and the transactions of an organization. Finance officers analyze financial reports, update account statements, and oversee the budget allocation for business operations. They also resolve billing discrepancies and banking issues, assist in cash statement release, and manage payroll disputes. A finance officer conducts data and statistical analysis to evaluate the company's financial performance and stability and identifying opportunities to increase revenues and grow more profits.

Finance officer positions earn lower pay than finance management analyst roles. They earn a $3,112 lower salary than finance management analysts per year.Only some things about these jobs are the same. Take their skills, for example. Finance management analysts and finance officers both require similar skills like "financial management," "financial issues," and "financial policies" to carry out their responsibilities.

In addition to the difference in salary, there are some other key differences worth noting. For example, finance management analyst responsibilities are more likely to require skills like "management reports," "dod," "budget estimates," and "budget execution." Meanwhile, a finance officer has duties that require skills in areas such as "real estate," "origination," "financial procedures," and "cpa." These differences highlight just how different the day-to-day in each role looks.

finance officers earn similar levels of education than finance management analysts in general. They're 0.8% less likely to graduate with a Master's Degree and 0.7% more likely to earn a Doctoral Degree.

Finance management analyst vs. Staff analyst

Staff Analysts are employees who oversee the activities related to the employees. They monitor the performance of the employees and assess whether particular employees suit the role they have. They also assess the current roles in the company to see if those roles are really needed. Staff Analysts ensure that the manpower allocation in the company is efficient. They analyze staff-related data to check whether there are more areas for improvement. Staff Analysts may also be assigned to come up with projects related to improving productivity.

On average, staff analysts earn higher salaries than finance management analysts, with a $27,224 difference per year.By looking over several finance management analysts and staff analysts resumes, we found that both roles require similar skills in their day-to-day duties, such as "dod," "financial analysis," and "financial reports." But beyond that, the careers look very different.

Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from finance management analyst resumes include skills like "financial management," "financial issues," "management reports," and "financial policies," whereas a staff analyst is more likely to list skills in "project management," "technical support," "windows," and "status reports. "

staff analysts earn the best pay in the technology industry, where they command an average salary of $107,444. Finance management analysts earn the highest pay from the government industry, with an average salary of $85,442.staff analysts typically earn similar educational levels compared to finance management analysts. Specifically, they're 1.5% less likely to graduate with a Master's Degree, and 1.0% less likely to earn a Doctoral Degree.

Finance management analyst vs. Control analyst

A control analyst is an individual who is responsible for identifying weaknesses in the work process of an organization and implement methods to minimize risks. Control analysts are required to supervise the process for incident reports and provide technical guidance to their personnel. They must prepare monthly general ledger account analysis and balance sheets reconciliations that are according to the generally accepted accounting principles (GAAP). Control analysts should also assist with the organization's ISO audit procedures and findings.

Control analysts average a lower salary than the annual salary of finance management analysts. The difference is about $2,336 per year.While their salaries may vary, finance management analysts and control analysts both use similar skills to perform their duties. Resumes from both professions include skills like "financial analysis," "financial data," and "financial reports. "

Even though a few skill sets overlap between finance management analysts and control analysts, there are some differences that are important to note. For one, a finance management analyst might have more use for skills like "financial management," "financial issues," "management reports," and "financial policies." Meanwhile, some responsibilities of control analysts require skills like "risk assessments," "internal audit," "customer service," and "project management. "

The energy industry tends to pay the highest salaries for control analysts, with average annual pay of $89,191. Comparatively, the highest finance management analyst annual salary comes from the government industry.control analysts reach lower levels of education compared to finance management analysts, in general. The difference is that they're 5.6% more likely to earn a Master's Degree, and 0.3% less likely to graduate with a Doctoral Degree.

Types of finance management analyst

  • 2-4 yearsAnalystAverage Salary: $73,007Bachelor's DegreeAvailable Jobs: 90,158
  • 2-4 yearsFinance AnalystAverage Salary: $69,887Bachelor's DegreeAvailable Jobs: 69,812
  • 2-4 yearsData AnalystAverage Salary: $74,342Bachelor's DegreeAvailable Jobs: 61,216
  • 2-4 yearsManagement ConsultantAverage Salary: $99,360Bachelor's DegreeAvailable Jobs: 23,634
  • 2-4 yearsManagement AnalystAverage Salary: $69,804Bachelor's DegreeAvailable Jobs: 14,533
  • 2-4 yearsProgram AnalystAverage Salary: $75,039Bachelor's DegreeAvailable Jobs: 11,615

Updated March 14, 2024

What Does a Finance Management Analyst Do? Roles And Responsibilities - Zippia (21)

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

What Similar Roles Do

  • What an Analyst Does
  • What a Budget Analyst Does
  • What a Control Analyst Does
  • What a Corporate Finance Analyst Does
  • What a Data Analyst Does
  • What a Finance Analyst Does
  • What a Finance Analyst-Operations Finance Does
  • What a Finance Analyst/Accountant Does
  • What a Finance Officer Does
  • What a Finance Systems Analyst Does
  • What a Management Analyst Does
  • What a Management Consultant Does
  • What a Policy Analyst Does
  • What a Process Analyst Does
  • What a Program Analyst Does

Finance Management Analyst Related Careers

  • Analyst
  • Budget Analyst
  • Control Analyst
  • Corporate Finance Analyst
  • Data Analyst
  • Finance Analyst
  • Finance Analyst-Operations Finance
  • Finance Analyst/Accountant
  • Finance Officer
  • Finance Systems Analyst
  • Management Analyst
  • Management Consultant
  • Policy Analyst
  • Process Analyst
  • Program Analyst

Finance Management Analyst Related Jobs

  • Analyst
  • Budget Analyst
  • Control Analyst
  • Corporate Finance Analyst
  • Data Analyst
  • Finance Analyst
  • Finance Analyst-Operations Finance
  • Finance Analyst/Accountant
  • Finance Officer
  • Finance Systems Analyst
  • Management Analyst
  • Management Consultant
  • Policy Analyst
  • Process Analyst
  • Program Analyst

Resume For Related Jobs

  • Analyst Resume
  • Budget Analyst Resume
  • Control Analyst Resume
  • Corporate Finance Analyst Resume
  • Data Analyst Resume
  • Finance Analyst Resume
  • Finance Analyst-Operations Finance Resume
  • Finance Analyst/Accountant Resume
  • Finance Officer Resume
  • Finance Systems Analyst Resume
  • Management Analyst Resume
  • Management Consultant Resume
  • Policy Analyst Resume
  • Process Analyst Resume
  • Program Analyst Resume
What Does a Finance Management Analyst Do? Roles And Responsibilities - Zippia (2024)

FAQs

What Does a Finance Management Analyst Do? Roles And Responsibilities - Zippia? ›

A finance management analyst is a professional who helps businesses and organizations with long-term financial planning. They develop financial and business policies, suggest improvements to increase profit and efficiency, and analyze finances, risks, and losses.

What is the role of a financial management analyst? ›

The Financial Management Analyst is tasked with monitoring, reconciling, and highlighting any areas of concern. This position is responsible for developing budget training and drafting budget guidance and procedures.

What are the duties and responsibilities of financial analyst? ›

A financial analyst is responsible for a wide range of activities including gathering data, organizing information, analyzing historical results, making forecasts and projections, making recommendations, and generating Excel models, presentations, and reports.

What are the roles and responsibilities of management analyst? ›

Analyze financial and other data, including revenue, expenditure, and employment reports. Develop solutions or alternative practices. Recommend new systems, procedures, or organizational changes. Make recommendations to management through presentations or written reports.

What does a financial analyst do daily? ›

A Day in the Life of a Financial Analyst. Financial analysts gather information, assemble spreadsheets, write reports, and review all non-legal pertinent information about prospective deals. They examine the feasibility of a deal and prepare a plan of action based on financial analysis.

What are the three roles of financial management? ›

The financial manager's responsibilities include financial planning, investing (spending money), and financing (raising money). Maximizing the value of the firm is the main goal of the financial manager, whose decisions often have long-term effects.

What is the difference between a budget analyst and a financial management analyst? ›

Financial analysts must translate complex data into easy-to-understand information for other employees in the organization. Budgets analysts must communicate with other departments regarding budget allocations while remaining sensitive to other departments' needs and remaining within the set budget.

What exactly does a financial analyst do? ›

Financial analysts work in banks, pension funds, insurance companies, and other businesses. Financial analysts guide businesses and individuals in decisions about expending money to attain profit. They assess the performance of stocks, bonds, and other types of investments.

What is the key role of financial analysis? ›

Financial analysis is used to evaluate economic trends, set financial policy, build long-term plans for business activity, and identify projects or companies for investment. This is done through the synthesis of financial numbers and data.

What does a financial analyst do for dummies? ›

Financial analysts analyze an organization's past financial data to spot trends and assess risks, which helps them predict outcomes for business decisions, identify sale or purchase opportunities and make investment recommendations.

What is the main role and responsibility of a analyst? ›

What does an analyst do? An analyst gathers, interprets, and uses complex data to develop actionable steps that will improve processes and optimize results.

What is the highest salary for a management analyst? ›

Management Analysts made a median salary of $95,290 in 2022. The best-paid 25% made $127,480 that year, while the lowest-paid 25% made $70,310.

What is the life of a management analyst? ›

Management Analysts conduct organizational studies and evaluations, design systems and procedures, conduct work simplification and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants.

What are the roles and responsibilities of a financial analyst? ›

Financial Analyst Roles & Responsibilities
  • Analyze financial data and provide forecasting support.
  • Organize data into accessible reports and perform various types of analysis using key metrics such as yearly growth, return on assets, return on equity and earnings per share.
Feb 3, 2022

What is the difference between FP&A and finance analyst? ›

Financial Analyst: responsible for creating financial projections, budgets, and analyses to support decision-making and strategic planning. FP&A Manager: responsible for leading the FP&A team and providing direction and guidance to financial analysts.

What is the role of a financial analyst in modern business? ›

Finance Analysts ensure that the firm's financial statements, including balance sheets, income statements, and cash flow statements, are accurately prepared and comply with accounting standards. They also provide explanations for any significant changes or discrepancies.

What is the main purpose of financial analysts work? ›

Financial analysts guide businesses and individuals in decisions about expending money to attain profit. They assess the performance of stocks, bonds, and other types of investments.

What is the difference between a finance manager and a finance analyst? ›

The difference between a financial analyst and a financial manager. A financial manager is solely responsible for the financial direction of a company or an organisation, whereas a financial analyst analyses the financial data and formulates the plans for the company accordingly.

What does a fund management analyst do? ›

Performs cost-benefit analysis to recommend, defend, or justify funding decisions. integrity, timelines, accuracy, and validity. Prepares financial management data, listings, reports, and metrics regarding the status of funds. charges and finding issues, meeting with personnel to discuss budgetary execution);

What is the difference between a CMA and a financial analyst? ›

The CFA designation focuses on investment analysis, while the CMA designation signifies expertise in financial accounting and business strategy.

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