Fund Accountant Salary

Fund Accountants in the United States take home an average $46K annually. Overall cash earnings for Fund Accountants stretch from $35K on the lower end to $76K near the top, and the heftiest packages can encompass around $10K from bonuses and $5K from profit sharing. Residence is the main element affecting pay for this group — career length and the specific company are driving factors as well. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most workers in this position report moderate levels of job satisfaction. Fund Accountants who participated in the survey are largely men, dominating at 64 percent. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$35,382 - $73,069
(Median)
$35K
$46K
$73K
MEDIAN: $46,039
10%
50%
90%

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$14.31 - $26.32
(Median)
$14
$18
$26
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$26K$52K$78K
Salary
$35,382 - $73,069  
   
Bonus
$0.00 - $10,146  
Profit Sharing
$0.00 - $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).
)
$35,177 - $75,628  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 452
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
$14.31 - $26.32  
   
Overtime
$21.63 - $35.89  
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 - $10,146  
   
Profit Sharing
$0.00 - $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).
)
$35,177 - $75,628  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 64
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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. The most common next step for a Fund Accountant is to become a Financial Analyst or a Senior Fund Accountant. The former position pays an additional $8K per year on average, and the latter position pays $13K more per year.

Fund Accountant Job Listings

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Popular Employer Salaries for Fund Accountant


Known for taking on a considerable number of Fund Accountants, State Street Corporation, The Bank of New York Mellon Corporation (BNY Mellon), State Street Bank, SS&C Technologies, Inc., and UMB Fund Services are leading firms in the industry. UMB Fund Services offers the highest compensation with a median salary of $48K.

With a median salary of only $33K, State Street Bank pays the least. It seems that the compensation range of $28K to $60K isn't that wide, either.

Popular Skills for Fund Accountant


Fund Accountants report using a diverse set of skills on the job. 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 30 percent, 21 percent, and 5 percent, respectively. Skills that seem to negatively impact pay include Accounting. Most people familiar with Financial Analysis also know Financial Reporting and Accounting. Skill sets containing Microsoft Excel also tend to include Accounting and Financial Reporting.

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 $44K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $56K. After working for 10 to 20 years, Fund Accountants make a median salary of $56K. Survey participants who have worked for more than two decades report bringing in $60K on average.

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Experience Affects Fund Accountant Salaries

Late-Career
up arrow 29%


Experienced
up arrow 21%

National Average
$46,000


Skills That Affect Fund Accountant Salaries

Financial Reporting
up arrow 30%

General Ledger Accounting
up arrow 21%


Microsoft Excel
0%

National Average
$46,000

Accounting
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 108 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
11%
1-4 years
55%
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: 12%
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