Fund Accountant Salary

Pay for Fund Accountants in the United States sits in the ballpark of $46K annually. In the world of Fund Accountants, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $5K from profit sharing, causing incomes to vary widely between $35K and $75K. Geography is the biggest factor affecting pay for this group, followed by tenure and the individual firm. The majority of Fund Accountants (63 percent) survey respondents are male. Medical benefits are awarded to most, and a strong majority earn dental coverage. The majority of individuals in this role claim moderate levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.

$35,335 - $71,748
(Median)
$35K
$46K
$72K
MEDIAN: $45,882
10%
50%
90%

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$14.29 - $26.94
(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
$35,335 - $71,748  
   
Bonus
$0.00 - $10,123  
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).
)
$35,148 - $74,958  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 451
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
$14.29 - $26.94  
   
Overtime
$21.61 - $35.99  
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 - $10,123  
   
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).
)
$35,148 - $74,958  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 63
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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 $75K per year. Fund Accountants typically move into roles as Financial Analysts or Fund Accounting Managers, and those positions pay $8K more and $23K more, respectively.

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. Fund Accountants seeking a sizable paycheck can earn the most at UMB Fund Services, where the average salary comes to $48K.

State Street Bank offers the lowest pay in the field with a median salary of just $33K, but on the other end, some employees may earn up to $60K.

Popular Skills for Fund Accountant


Fund Accountants typically list a handful of skills they use on the job. Most notably, facility with General Ledger Accounting, Financial Reporting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 21 percent, 18 percent, and 5 percent, respectively. Skills that seem to negatively impact pay include Accounting. Those proficient in Financial Analysis are, more often than not, also skilled in Financial Reporting and Accounting. Those proficient in Microsoft Excel are, more often than not, also skilled in 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 bring in $56K after working for 10 to 20 years. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $60K on average.

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Experience Affects Fund Accountant Salaries

Late-Career
up arrow 29%


Experienced
up arrow 20%

National Average
$46,000


Skills That Affect Fund Accountant Salaries

General Ledger Accounting
up arrow 21%

Financial Reporting
up arrow 18%


Microsoft Excel
0%

National Average
$46,000

Accounting
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 109 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
11%
1-4 years
55%
5-9 years
21%
10-19 years
9%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 78%
vision benefits Vision: 62% employee benefits None: 11%
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