Fund Accountant Salary

Fund Accountants in the United States can expect wages of $47K per year on average. Total cash compensation to Fund Accountants approaches anywhere from $36K on the lower end to $79K on the higher end; in exceptional cases, this can include more than $10K from bonuses and upwards of $7K from profit sharing. While the company and tenure impact pay for this group, residence is the most influential factor. There are more male Fund Accountants than female among those who completed the questionnaire, making up 64 percent. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most Fund Accountants are fairly content with their jobs, and work satisfaction falls in line with the national average. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$36,548 - $73,698
(Median)
$37K
$47K
$74K
MEDIAN: $47,168
10%
50%
90%

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$15.24 - $27.39
(Median)
$15
$18
$27
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$36,548 - $73,698  
   
Bonus
$0.00 - $10,161  
Profit Sharing
$0.00 - $7,272  
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).
)
$36,254 - $78,784  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 514
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$15.24 - $27.39  
   
Overtime
$22.18 - $37.31  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $10,161  
   
Profit Sharing
$0.00 - $7,272  
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).
)
$36,254 - $78,784  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 66
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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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Though not the most common occurrence, Fund Accountants sometimes become Senior Financial Analysts, where the average income is $75K per year. Fund Accountants moving up in their careers tend to step into positions as Financial Analysts or Senior Fund Accountants. The median paychecks in those roles are $7K higher and $12K higher, respectively.

Fund Accountant Job Listings

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Popular Employer Salaries for Fund Accountant


Many Fund Accountants can be found at The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, SS&C Technologies, Inc., State Street Bank, and UMB Fund Services, firms that are at the top of the field. Fund Accountants seeking a sizable paycheck can earn the most at J.P. Morgan Chase & Co. (JPMCC), where the average salary comes to $53K. UMB Fund Services, The Northern Trust Company, and The Bank of New York Mellon Corporation (BNY Mellon) are a few other companies that offer generous salaries, with Fund Accountants earning around $48K, $45K, or $42K at each firm, respectively.

Employees of State Street Bank can expect to make the least, with the company offering a median salary of $33K; however, pay is widely dispersed from top to bottom, ranging from $28K to $60K. Workers also receive paychecks lighter than average at SS&C Technologies, Inc. ($41K), State Street Corporation ($41K), and The Bank of New York Mellon Corporation (BNY Mellon) ($42K).

Popular Skills for Fund Accountant


Survey results show that Fund Accountants use a fair number of 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 4 percent and 9 percent. Skills that pay less than market rate include Accounting. It is often found that people who know Financial Analysis are also skilled in Financial Reporting and Accounting.

Pay by Experience Level for Fund Accountant

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


Survey participants with less than five years' experience pocket $45K on average, but those with five to 10 years of experience enjoy a much bigger median of $58K. Fund Accountants claiming one to two decades of experience make an estimated median of $56K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $54K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $47,738

Larger city markers indicate a job is popular in that location.

Fund Accountants will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 34 percent. Fund Accountants will also find cushy salaries in Los Angeles (+34 percent), Seattle (+31 percent), New York (+22 percent), and Chicago (+16 percent). One of the biggest compensable factors for Fund Accountants is geography, with workers in Sacramento earning a whopping 24 percent below the national average. A couple other locations with smaller-than-average paychecks include Evansville (21 percent lower) and Wilmington (20 percent lower).

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Experience Affects Fund Accountant Salaries



Late-Career
up arrow 14%

National Average
$48,000


Skills That Affect Fund Accountant Salaries


General Ledger Accounting
up arrow 9%

Financial Analysis
up arrow 4%

National Average
$48,000

Microsoft Excel
up arrow 1%

Accounting
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 107 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
10%
1-4 years
58%
5-9 years
19%
10-19 years
8%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 76%
medical benefits
Vision: 59%
dental benefits
None: 13%
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