Fund Accountant Salary

The average Fund Accountant in the United States earns approximately $46K per year. Total cash earnings of Fund Accountants range from $35K on the low end to $76K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $7K, respectively. Geography is the main element affecting pay for this group — career length and the particular employer are driving factors as well. Most people who answered the questionnaire are men; 64 percent of Fund Accountants are male. The majority of individuals in this role claim moderate levels of job satisfaction. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Respondents to the PayScale salary survey provided the data for this report.

$35,576 - $72,619

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$14.51 - $26.45

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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$26K$52K$78K
Salary
$35,576 - $72,619  
   
Bonus
$0.00 - $10,033  
Profit Sharing
$0.00 - $6,658  
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).
)
$35,419 - $75,647  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 453
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$13$26$39
Hourly Rate
$14.51 - $26.45  
   
Overtime
$21.92 - $35.95  
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$26K$52K$78K
Bonus
$0.00 - $10,033  
   
Profit Sharing
$0.00 - $6,658  
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).
)
$35,419 - $75,647  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 62
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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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Fund Accountants sometimes assume positions such as Senior Financial Analysts. That role pays $75K per year on average. Typical career progression for a Fund Accountant involves becoming a Financial Analyst or a Senior Fund Accountant, roles that pay $8K more and $13K more on average.

Fund Accountant Job Listings

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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 leaders in the field that employ a large number of Fund Accountants. The biggest paychecks can be found at UMB Fund Services — the median salary there is $48K.

Offering only $33K on average, State Street Bank seems to pay the least. Moreover, the pay scale seems pretty narrow there; employees make $28K on the lower end and $60K on the higher end.

Popular Skills for Fund Accountant


Survey results suggest that Fund Accountants use a fairly large toolkit of professional skills. Most notably, facility with Financial Reporting, General Ledger Accounting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 24 percent, 21 percent, and 5 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Accounting. Most people who know Financial Analysis also know Financial Reporting and Accounting.

Pay by Experience Level for Fund Accountant

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


Fund Accountants with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Although individuals who have less than five years' experience earn $44K on average, people with five to 10 years benefit from a notably larger average of $56K. Fund Accountants bring in $57K after working for 10 to 20 years. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $60K.

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Experience Affects Fund Accountant Salaries

Late-Career
up arrow 29%

Experienced
up arrow 22%


National Average
$46,000


Skills That Affect Fund Accountant Salaries

Financial Reporting
up arrow 24%

General Ledger Accounting
up arrow 21%


Microsoft Excel
0%

National Average
$46,000

Accounting
up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 105 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
11%
1-4 years
56%
5-9 years
21%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 78%
vision benefits Vision: 61% employee benefits None: 11%
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