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Fund Accountant Salary

The average Fund Accountant in the United States earns approximately $46K per year. In the world of Fund Accountants, overall income ranges from $35K near the bottom to $74K at the top; this can include more than $10K from bonuses and more than $5K from profit sharing in exceptional cases. The most important factor affecting compensation for this group is geography, followed by career length and the individual firm. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The majority of individuals in this role claim moderate levels of job satisfaction. Men account for the majority of Fund Accountants who responded to the questionnaire — 63 percent to be exact. The information for this snapshot was generated by responses to the PayScale salary survey.

$35,218 - $70,028
(Median)
$35K
$46K
$70K
MEDIAN: $45,965
10%
50%
90%

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$14.19 - $26.74
(Median)
$14
$18
$27
MEDIAN: $18.00
10%
50%
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
$35,218 - $70,028  
   
Bonus
$0.00 - $10,374  
Profit Sharing
$-0.50 - $5,425  
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).
)
$34,917 - $74,174  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 450
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
$14.19 - $26.74  
   
Overtime
$21.69 - $36.77  
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 - $10,374  
   
Profit Sharing
$-0.50 - $5,425  
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).
)
$34,917 - $74,174  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 67

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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 do not often transition into Senior Financial Analyst roles. The role averages $74K per year. It is quite typical for Fund Accountants to transition into roles as Financial Analysts or Fund Accounting Managers, where reported median earnings are $8K and $24K higher per year.

Fund Accountant Job Listings

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Popular Employer Salaries for Fund Accountant


Well-known firms with a reputation for hiring numerous Fund Accountants include State Street Corporation, The Bank of New York Mellon Corporation (BNY Mellon), State Street Bank, SS&C Technologies, Inc., and UMB Fund Services. Fund Accountants seeking a sizable paycheck can earn the most at UMB Fund Services, where the average salary comes to $48K.

Offering a median of only $33K, State Street Bank pays the least. Moreover, the compensation range seems pretty narrow; employees make $28K on the lower end and $60K on the higher end.

Popular Skills for Fund Accountant


Typical Fund Accountants report a focused set of job skills. Most notably, skills in General Ledger Accounting, Financial Reporting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average, with boosts between 5 percent and 13 percent. Skills that pay less than market rate include Accounting. Most people familiar with Financial Analysis also know Financial Reporting and Accounting. People who know Microsoft Excel usually also know 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 for the relatively untried average out to around $44K, but survey participants with five to 10 years of experience earn a significantly higher median of $56K. Fund Accountants see a median salary of $55K after reaching one to two decades on the job. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $59K.

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United States (change)

Experience Affects Fund Accountant Salaries

Late-Career
up arrow 28%

Mid-Career
up arrow 21%

Experienced
up arrow 20%

National Average
$46,000


Skills That Affect Fund Accountant Salaries

General Ledger Accounting
up arrow 13%

Financial Reporting
up arrow 11%


Microsoft Excel
0%

National Average
$46,000

Accounting
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 117 votes.

Gender

Female
37 %
Male
63 %

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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