What is the difference between a Finance generalist and a Finance specialist? How does your company define it?

We are working on a new job structure for our Finance department. I would like to know if you have a speciality track and/or a generalist track how do you define it? What are some sample job titles?

There is no such thing as a Finance generalist or Finance specialist. Here are some sample job titles:

Financial Manager
Financial Controller
Financial Adviser