The average Fund Accountant in the United States can expect to rake in roughly $49K annually. Cash earnings for Fund Accountants — including $13K in bonuses and $7K in profit sharing proceeds near the top of the pay scale — generally stretch from $37K to $81K depending on individual performance. Earnings for this group are mostly affected by geography, followed by experience level and the particular employer. Men account for the majority of Fund Accountants who responded to the questionnaire — 63 percent to be exact. 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. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$37,422 - $75,328
(Median)
$37K
$49K
$75K
MEDIAN: $48,782
10%
50%
90%

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$15.00 - $25.19
(Median)
$15
$19
$25
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$28K$56K$84K
Salary
$37,422 - $75,328  
   
Bonus
$698 - $12,546  
Profit Sharing
$0.00 - $7,047  
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).
)
$37,154 - $81,300  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 345
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
$15.00 - $25.19  
   
Overtime
$21.75 - $37.12  
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
$698 - $12,546  
   
Profit Sharing
$0.00 - $7,047  
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).
)
$37,154 - $81,300  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 41
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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 it's uncommon, some Fund Accountants move into roles as Senior Financial Analysts, where pay is an average $76K per year. Fund Accountants moving up in their careers tend to step into positions as Financial Analysts or Senior Accountants. The median paychecks in those roles are $6K higher and $10K higher, respectively.

Fund Accountant Job Listings

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Popular Employer Salaries for Fund Accountant


Leading companies who hire large numbers of Fund Accountants include SS&C Technologies, Inc., State Street Bank, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, and UMB Fund Services. J.P. Morgan Chase & Co. (JPMCC) attracts talent by shelling out the biggest paychecks in the area — the median in that office is $53K. Also paying near the top of the field are UMB Fund Services at $49K, The Northern Trust Company at $45K, and SS&C Technologies, Inc., where Fund Accountants annually earn $43K.

State Street Bank reports the lowest median salary in the area (it's only $33K) but some workers make up to $60K, indicating a rather large gap in employee earnings. Others at the bottom of the scale for this job include State Street Corporation at $40K, and The Bank of New York Mellon Corporation (BNY Mellon) where $43K is the norm, but it is worth noting that some Fund Accountants there earn up to $78K.

Popular Skills for Fund Accountant


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Financial Analysis, Financial Reporting, 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. Most people skilled in Financial Analysis are similarly competent 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.


Respondents with less than five years' experience take home $47K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $68K. The average pay reported by folks with 10 to 20 years of experience is around $64K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $61K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $49,113

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

For Fund Accountants, busy San Francisco offers a higher-than-average pay rate, 49 percent above the national average. Fund Accountants can also look forward to large paychecks in cities like Los Angeles (+43 percent), New York (+38 percent), Seattle (+26 percent), and Chicago (+14 percent). Compared to the national average, Sacramento Fund Accountants have considerably lower salaries, 24 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Two other places where employers offer below-median salaries are Evansville (23 percent less) and Wilmington (17 percent less).

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Experience Affects Fund Accountant Salaries



Late-Career
up arrow 25%

National Average
$49,000


Skills That Affect Fund Accountant Salaries


Financial Reporting
up arrow 4%

National Average
$49,000

General Ledger Accounting
up arrow 1%

Microsoft Excel
up arrow 2%

Accounting
up arrow 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 65 votes.

Gender

Female
38 %
Male
63 %

Years of Experience

Less than 1 year
14%
1-4 years
60%
5-9 years
16%
10-19 years
7%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 78%
medical benefits
Vision: 59%
dental benefits
None: 11%
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