Fund Accountant Salary

The average Fund Accountant in the United States can expect to rake in roughly $45K annually. In the world of Fund Accountants, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $5K from profit sharing, causing incomes to vary widely between $35K and $73K. While years of experience and the particular employer impact pay for this group, residence is the most influential factor. Work is reasonably fulfilling for most Fund Accountants — the majority report average levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. There are more male Fund Accountants than female among those who completed the questionnaire, making up 64 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$34,931 - $68,598
(Median)
$35K
$45K
$69K
MEDIAN: $45,265
10%
50%
90%

Add this chart to your site: 640px    300px

$14.14 - $26.85
(Median)
$14
$18
$27
MEDIAN: $18.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$34,931 - $68,598  
   
Bonus
$0.00 - $10,213  
Profit Sharing
$-0.50 - $5,463  
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).
)
$34,605 - $73,180  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 464
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
$14.14 - $26.85  
   
Overtime
$22.00 - $36.72  
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 - $10,213  
   
Profit Sharing
$-0.50 - $5,463  
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).
)
$34,605 - $73,180  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 64

Find Out Exactly What You Should Be Paid

United States (change)

- OR -

Log in with LinkedIn

Comp Managers Click Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Though some Fund Accountants move into positions like Senior Financial Analyst (where the average salary is $74K), this progression is not the norm. Fund Accountants most often move into positions as Financial Analysts or Fund Accounting Managers; those groups report median salaries that are $8K higher and $24K higher, respectively.

Fund Accountant Job Listings

Search for more jobs:

Popular Employer Salaries for Fund Accountant


State Street Corporation, The Bank of New York Mellon Corporation (BNY Mellon), State Street Bank, SS&C Technologies, Inc., and UMB Fund Services are all popular places to work. The biggest paychecks can be found at UMB Fund Services — the median salary there is $48K.

State Street Bank offers the smallest salaries in town — $33K on average — but the considerable range in workers' salaries (stretching from $28K to $60K) creates a rather varied pay scale.

Popular Skills for Fund Accountant


Typical Fund Accountants report a focused set of job skills. Most notably, skills in Financial Reporting, General Ledger Accounting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average, with boosts between 5 percent and 14 percent. At the other end of the pay range are skills like Accounting. The majority of those who know Financial Analysis also know Accounting and Financial Reporting.

Pay by Experience Level for Fund Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries of relatively inexperienced workers fall in the neighborhood of $44K, but folks who have racked up five to 10 years see a notably higher median of $55K. Fund Accountants see a median salary of $55K after reaching one to two decades on the job. Seasoned veterans with 20 years under their belts enjoy a median income of $59K.

Related Job Salaries

United States (change)

Experience Affects Fund Accountant Salaries

Late-Career
up arrow 28%

Mid-Career
up arrow 21%

Experienced
up arrow 21%

National Average
$46,000


Skills That Affect Fund Accountant Salaries

Financial Reporting
up arrow 14%

General Ledger Accounting
up arrow 14%


Microsoft Excel
up arrow 2%

National Average
$46,000

Accounting
up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 127 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
12%
1-4 years
56%
5-9 years
20%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 80%
vision benefits Vision: 63% employee benefits None: 11%