Fund Accountant Salary (United States)

Salaries for Fund Accountants in the United States average out at around $44,246 per year, but San Francisco employers pay the most, offering approximately $63K on average. Fund Accountants can also look forward to large paychecks in cities like New York (+22 percent), Chicago (+22 percent), Seattle (+8 percent), and Milwaukee (+5 percent). This snapshot results from replies to PayScale's salary survey.
Fund Accountant Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$34,024 - $68,026
(Median)
34K
44K
54K
68K
MEDIAN: $43,960
10%
50%
75%
90%
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Fund Accountant Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$13.55 - $25.64
(Median)
14
17
21
26
MEDIAN: $17.00
10%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25K$50K$75K
Salary
$34,024 - $68,026  
   
Bonus
$0.00 - $10,089  
Profit Sharing
$507 - $5,425  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,363 - $73,079  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 520
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$13.55 - $25.64  
   
Overtime
$20.62 - $37.07  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $10,089  
   
Profit Sharing
$507 - $5,425  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,363 - $73,079  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 83
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Job Description for Fund Accountant

Fund accountants are responsible for keeping detailed financial records for nonprofits and government agencies. First and foremost, they must maintain the integrity of this type of data first and foremost. They must account for how the company is using its funds, which may include producing separate reports to be produced for individual funds. The accountant maintains a chart of accounts to accurately report the expenditures from each ledger. Proper documentation is mandatory for the accountants to determine if the funds are being used in the best possible manner. They also assist these companies in deciding the best way to use available revenue and stay within an appropriate expense budget. They generally serve as the middle man between the investor and the business.
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Fund Accountant Tasks
  • Utilize accounting principles to differentiate special purpose funds from a general fund.
  • Maintain records of stewardship of financial resources received and expended and other financial activities.
  • Analyze financial data in order to prepare financial reports in compliance with applicable regulations.

Common Career Paths for Fund Accountant

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While not commonly found, Fund Accountants who move on to become Senior Financial Analysts bring in an additional $30K annually. The most common next step for Fund Accountants is moving into roles as Financial Analysts or Fund Accounting Managers, where they can expect an extra $9,176 or $25K per year.

Fund Accountant Job Listings

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Popular Employer Salaries for Fund Accountant

SS&C Technologies, Inc. leads the field in terms of pay, with a median salary of $44,660.
The consistently lowest paying firm on the list is State Street Bank, where the median salary is just $32,837. Workers also receive paychecks lighter than average at State Street Corporation ($36,288) and The Bank of New York Mellon Corporation (BNY Mellon) ($39,749).

Popular Skills for Fund Accountant

Job skills reported by Fund Accountants are limited. Financial Reporting and Financial Analysis are considered valuable skills and can increase employee pay by 15 percent and 8 percent respectively. Skills that seem to negatively impact pay include Accounting. The majority of those who know Financial Analysis also know Financial Reporting. Most people familiar with Microsoft Excel also know Accounting and Financial Reporting.

Pay Difference By Location

San Francisco
up arrow 42%
New York
up arrow 22%
Chicago
up arrow 22%
Seattle
up arrow 8%
Milwaukee
up arrow 5%
Dallas
up arrow 1%
National Average
$44,000
Boston
up arrow 10%
Evansville
up arrow 10%
Philadelphia
up arrow 12%
Denver
up arrow 14%
Wilmington
up arrow 14%
Larger circles over a city indicate a job is popular in that location.

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Experience Affects Fund Accountant Salaries

Mid-Career
up arrow 22%
Experienced
up arrow 20%
National Average
$44,000

Skills That Affect Fund Accountant Salaries

Financial Reporting
up arrow 15%
Microsoft Excel
up arrow 3%
National Average
$44,000
Accounting
up arrow 13%

Job Satisfaction

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Highly satisfied
Rated 4 out of 5 based on 169 votes.

Gender

Female
39%
female alumni
 
Male
61%
male alumni

Years of Experience

Less than 1 year
12%
1-4 years
57%
5-9 years
19%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 80%
vision benefits Vision: 60% employee benefits None: 10%