Fund Accountant Salary

Fund Accountants in the United States take home an average $50K per year. Overall cash earnings for Fund Accountants stretch from $39K on the lower end to $80K near the top, and the heftiest packages can encompass around $10K from bonuses and $6K from profit sharing. While the company and years of experience impact pay for this group, geography is the most influential factor. Job satisfaction is considered about average by most people in this profession. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. Most people who answered the questionnaire are men; 66 percent of Fund Accountants are male. This overview is based on answers to PayScale's salary questionnaire.

$39,245 - $75,018
$39K
$51K
$75K
MEDIAN: $50,837
10%
50%
90%

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$15.21 - $25.16
$15
$20
$25
MEDIAN: $20.22
10%
50%
90%

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$0$79K
Salary $39,245 - $75,018
Bonus $502 - $10,151
Profit Sharing $0.00 - $5,500
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).
)
$39,186 - $79,295
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 320
Hourly Data $0$38
Hourly Rate $15.21 - $25.16
Overtime $21.00 - $38.53
Annual Data $0$79K
Bonus $502 - $10,151
Profit Sharing $0.00 - $5,500
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).
)
$39,186 - $79,295
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 53

Find Out Exactly What You Should Be Paid

United States (change)

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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Though not the most common occurrence, Fund Accountants sometimes become Senior Financial Analysts, where the average income is $76K per year. It is quite typical for Fund Accountants to transition into roles as Financial Analysts or Senior Accountants, where reported median earnings are $5K and $10K higher per year.

Fund Accountant Job Listings

Popular Employer Salaries for Fund Accountant


Fund Accountants flock to SS&C Technologies, Inc., State Street Bank, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, and The Northern Trust Company, highly regarded companies that employ a generous number of people in this profession. Heading up the field in terms of compensation, J.P. Morgan Chase & Co. (JPMCC) offers the most; Fund Accountants earn $53K on average there. Also paying near the top of the field are UMB Fund Services at $49K, The Northern Trust Company at $45K, and SS&C Technologies, Inc., where Fund Accountants annually earn $43K.

State Street Bank seems to offer the smallest paychecks with a median salary of only $33K. The pay range is quite narrow, too; compensation generally sits between $28K and $60K. State Street Corporation, SEI Investments Company, and The Bank of New York Mellon Corporation (BNY Mellon) also scrape the bottom of the pay scale, with median earnings hovering around $41K, $43K, and $43K.

Popular Skills for Fund Accountant


Typical Fund Accountants report a focused set of job skills. Most notably, skills in Financial Reporting, Financial Analysis, General Ledger Accounting, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Accounting. Most people skilled in Financial Analysis are similarly competent in Financial Reporting and Accounting.

Pay by Experience Level for Fund Accountant

Pay by Experience for a Fund Accountant has a positive trend. An entry-level Fund Accountant with less than 5 years of experience can expect to earn an average total compensation of $47,000 based on 293 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Fund Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $67,000 based on 57 salaries. An experienced Fund Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $61,000 based on 32 salaries. A Fund Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $59,000 based on 9 salaries.

Pay Difference by Location

National Average: $50,531

Larger city markers indicate a job is popular in that location.

For those looking to make money, Fund Accountants in San Francisco enjoy an exceptional pay rate, 45 percent above the national average. Fund Accountants will also find cushy salaries in Los Angeles (+40 percent), New York (+31 percent), Seattle (+16 percent), and Dallas (+8 percent). Location is a huge contributor to overall pay, with Fund Accountants in Evansville earning a whopping 25 percent below the national average. Sacramento and Wilmington are a couple other places where companies are known to pay below the median — salaries are 24 percent lower and 19 percent lower, respectively.

Fund Accountant Reviews

Q: What is it like working as a Fund Accountant?

Fund Accountant in Philadelphia:
"OK."
Pros: The company and the workplace as well as the people.
Cons: Pay, recognition, and the commute.

Related Job Salaries

Key Stats for Fund Accountant

Gender

Female
36 %
Male
64 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 59 votes.
Less than 1 year
15%
1-4 years
61%
5-9 years
14%
10-19 years
8%
20 years or more
2%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Fund Accountant Salaries

▲33%

▲22%

▲17%

National Average
$51,000

▼7%

Skills That Affect Fund Accountant Salaries



National Average
$51,000



Accounting
▼10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 59 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
15%
1-4 years
61%
5-9 years
14%
10-19 years
8%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 81%
vision benefits
Vision: 64%
no benefits
None: 9%
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