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Fund Accountant Salary

Median pay for Fund Accountants in the United States comes out to approximately $44K per year, but employers in San Francisco pay the most, the average compensation in that city is around $63K. Fund Accountants will also find cushy salaries in Chicago (+23 percent), New York (+19 percent), Seattle (+8 percent), and Milwaukee (+3 percent). The figures in this rundown are based on the results of PayScale's salary questionnaire.
$34,506 - $68,520
(Median)
35K
44K
55K
69K
MEDIAN: $44,447
10%
50%
75%
90%

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$13.76 - $26.73
(Median)
14
18
22
27
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
$34,506 - $68,520  
   
Bonus
$0.00 - $10,089  
Profit Sharing
$100.00 - $5,500  
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).
)
$33,942 - $73,961  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 479
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
$13.76 - $26.73  
   
Overtime
$20.47 - $36.50  
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
$100.00 - $5,500  
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).
)
$33,942 - $73,961  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 76
United States (change)

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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Though some Fund Accountants move into positions like Senior Financial Analyst (where the average salary is $74K), this progression is not the norm. Career advancement for the typical Fund Accountant often leads to becoming a Financial Analyst or a Fund Accounting Manager; median salaries in these positions are $9K higher and $25K higher, respectively.

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 $45K.

State Street Bank offers the lowest pay, with a median salary of just $33K. The pay scale doesn't vary widely, either; compensation ranges from $28K to $60K.

Popular Skills for Fund Accountant


Fund Accountants generally report applying a varied skill set to their work. Most notably, facility with General Ledger Accounting, Financial Reporting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 23 percent, 16 percent, and 7 percent, respectively. The majority of those who know Financial Analysis also know Financial Reporting and Accounting. Those proficient in Microsoft Excel are, more often than not, also skilled in 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 $43K, but folks who have racked up five to 10 years see a notably higher median of $55K. Fund Accountants who work for 10 to 20 years in their occupation tend to earn about $55K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Fund Accountants report making only $53K on average.

Related Job Salaries

Experience Affects Fund Accountant Salaries

Mid-Career
up arrow 23%

Experienced
up arrow 23%

Late-Career
up arrow 17%

National Average
$45,000


Skills That Affect Fund Accountant Salaries

General Ledger Accounting
up arrow 23%

Financial Reporting
up arrow 16%


Microsoft Excel
up arrow 4%

National Average
$45,000

Accounting
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 143 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
13%
1-4 years
56%
5-9 years
19%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 80%
vision benefits Vision: 62% employee benefits None: 11%