Fund Accounting Manager Salary
|Salary||$58,197 - $121,597|
|Bonus||$984 - $19,574|
|Total Pay (||$54,385 - $137,500|
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.
Popular Skills for Fund Accounting Manager
Fund Accounting Managers report a focused set of job skills. Most notably, skills in Accounting, Microsoft Office, Microsoft Excel, and Microsoft Word are correlated to pay that is above average. Skills that pay less than market rate include Windows Operating System General Use, Microsoft Word, and Microsoft Excel. Those educated in Microsoft Excel tend to be well versed in Microsoft Word.
Pay by Experience Level for Fund Accounting Manager
Pay by Experience for a Fund Accounting Manager has a positive trend. An entry-level Fund Accounting Manager with less than 5 years of experience can expect to earn an average total compensation of $56,000 based on 25 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Fund Accounting Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $85,000 based on 18 salaries. An experienced Fund Accounting Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $92,000 based on 18 salaries. A Fund Accounting Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $62,000 based on 14 salaries.
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Key Stats for Fund Accounting Manager
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