Fund Accountant Salary

The average Fund Accountant in the United States can expect to rake in roughly $50K annually. Total cash compensation to Fund Accountants approaches anywhere from $39K on the lower end to $79K on the higher end; in exceptional cases, this can include more than $10K from bonuses and upwards of $6K from profit sharing. The most important factor affecting compensation for this group is geographic location, followed by the specific employer and experience level. Men make up the majority of Fund Accountants (65 percent) survey respondents. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most Fund Accountants are fairly content with their jobs, and work satisfaction falls in line with the national average. This report is based on responses to the PayScale salary survey.

$38,907 - $74,559
$39K
$50K
$75K
MEDIAN: $50,126
10%
50%
90%

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$14.90 - $24.97
$15
$20
$25
MEDIAN: $19.86
10%
50%
90%

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$0$79K
Salary $38,907 - $74,559
Bonus $685 - $10,265
Profit Sharing $0.00 - $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).
)
$38,740 - $79,195
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 322
Hourly Data $0$38
Hourly Rate $14.90 - $24.97
Overtime $21.01 - $38.53
Annual Data $0$79K
Bonus $685 - $10,265
Profit Sharing $0.00 - $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).
)
$38,740 - $79,195
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 47

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • Analyze financial data in order to prepare financial reports in compliance with applicable regulations.
  • Maintain records of stewardship of financial resources received and expended and other financial activities.
  • Utilize accounting principles to differentiate special purpose funds from a general fund.

Common Career Paths for Fund Accountant


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Though it's uncommon, some Fund Accountants move into roles as Senior Financial Analysts, where pay is an average $76K per year. A common career progression for a Fund Accountant is to become a Financial Analyst or a Senior Accountant. Compared to Fund Accountants, the first group earns $5K more on average, and the second group earns $10K more.

Fund Accountant Job Listings

Popular Employer Salaries for Fund Accountant


Dominating the field, SS&C Technologies, Inc., State Street Bank, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, and The Northern Trust Company are top firms with a reputation for hiring a great number of Fund Accountants. J.P. Morgan Chase & Co. (JPMCC) offers the highest compensation with a median salary of $53K. UMB Fund Services, The Northern Trust Company, and SS&C Technologies, Inc. are a few other companies that offer generous salaries, with Fund Accountants earning around $49K, $45K, or $43K at each firm, respectively.

Though lagging the field in terms of compensation — State Street Bank offers the lowest median salary at $33K — pay within the company still varies considerably between $28K and $60K. Also sliding in at the lower end of the scale are State Street Corporation ($41K), SEI Investments Company ($43K), and The Bank of New York Mellon Corporation (BNY Mellon) ($43K).

Popular Skills for Fund Accountant


Survey takers who work as Fund Accountants usually report a few specific skills. Most notably, skills in Financial Reporting, Financial Analysis, General Ledger Accounting, and Microsoft Excel are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Accounting. For most people, competency in Financial Analysis indicates knowledge of Financial Reporting and Accounting.

Pay by Experience Level for Fund Accountant

Pay by Experience for a Fund Accountant has a positive trend. An entry-level Fund Accountant with less than 5 years of experience can expect to earn an average total compensation of $47,000 based on 293 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Fund Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $67,000 based on 57 salaries. An experienced Fund Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $61,000 based on 32 salaries. A Fund Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $59,000 based on 9 salaries.

Pay Difference by Location

National Average: $50,086

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

For Fund Accountants, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Fund Accountants can also look forward to large paychecks in cities like Los Angeles (+40 percent), New York (+31 percent), Seattle (+16 percent), and Dallas (+8 percent). One of the biggest compensable factors for Fund Accountants is geography, with workers in Evansville earning a whopping 25 percent below the national average. Employers in Sacramento and Wilmington also lean toward paying below-median salaries (24 percent lower and 19 percent lower, respectively).

Fund Accountant Reviews

Q: What is it like working as a Fund Accountant?

Fund Accountant in Philadelphia:
"OK."
Pros: The company and the workplace as well as the people.
Cons: Pay, recognition, and the commute.

Related Job Salaries

Key Stats for Fund Accountant

Gender

Female
35 %
Male
65 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 59 votes.
Less than 1 year
15%
1-4 years
62%
5-9 years
14%
10-19 years
8%
20 years or more
2%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Fund Accountant Salaries

▲34%

▲23%

▲18%

National Average
$50,000

▼6%

Skills That Affect Fund Accountant Salaries




National Average
$50,000


Accounting
▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 59 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
15%
1-4 years
62%
5-9 years
14%
10-19 years
8%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 79%
vision benefits
Vision: 60%
no benefits
None: 9%
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