Fund Accounting Manager Salary
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
- Ensure work complies with both company and government regulations.
- Perform account reconciliation and review accounting records, identify discrepancies, and determine their cause.
- Prepare and review of financial reports and statements detailing the status of funds.
- Supervise the work of accounting department staff.
Fund Accounting Manager Job Listings
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Popular Skills for Fund Accounting Manager
Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Microsoft Word, Microsoft Office, Microsoft Excel, and Accounting are correlated to pay that is above average. Skills that pay less than market rate include Windows Operating System General Use and Accounting. Most people familiar with 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.
Survey participants with less than five years' experience pocket $56K on average, but those with five to 10 years of experience enjoy a much bigger median of $84K. On average, Fund Accounting Managers make $83K following one to two decades on the job. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $62K.