Fund Accounting Manager Salary
|Salary||$52,975 - $120,868|
|Bonus||$979 - $19,866|
|Total Pay (||$48,838 - $128,802|
Job Description for Fund Accounting Manager
Fund accounting manager positions are commonly available in the financial industry, especially with investment groups and banks. These jobs are generally not entry level and require at least three to five years of experience in a related field, with some positions requiring a specific background in fund accounting. In addition, most companies require candidates to be certified public accountants (CPAs) or chartered financial analysts (CFAs). A master of business administration (MBA) or other relevant degree is frequently required or preferred as well.Read More...
The fund accounting manager's daily duties generally involve coordinating and managing the accounting staff's tasks. This includes providing coaching and training, as well as instruction and discipline where needed. These managers also set up protocols and strategies for handling new clients and maintaining current clients' satisfaction. Fund accounting managers must ensure external audits are smooth and efficient, as well as work with senior management to give input on strategies and initiatives.
Tools used in this job include basic computer software such as the Microsoft Office suite, and knowledge of regulations such as generally accepted accounting principles (GAAP) is required. Fund accounting managers typically work during standard business operating hours, with minimal travel and few physical requirements or hazards.
Fund Accounting Manager Tasks
- Prepare and review of financial reports and statements detailing the status of funds.
- Supervise the work of accounting department staff.
- Ensure work complies with both company and government regulations.
- Perform account reconciliation and review accounting records, identify discrepancies, and determine their cause.
Fund Accounting Manager Job Listings
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Popular Skills for Fund Accounting Manager
Fund Accounting Managers who responded to the survey indicated only a few skills that they use on the job. Most notably, skills in Microsoft Office, Microsoft Word, Microsoft Excel, and Accounting are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Windows Operating System General Use and Accounting. The majority of those who know Microsoft Excel also know Microsoft Word.
Pay by Experience Level for Fund Accounting Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Although individuals who have less than five years' experience earn $56K on average, people with five to 10 years benefit from a notably larger average of $83K. Fund Accounting Managers bring in $87K after working for 10 to 20 years. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $62K.
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Key Stats for Fund Accounting Manager
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