Fund Accountant in Boston, Massachusetts Salary
How much does a Fund Accountant make in Boston, MA? The average salary for a Fund Accountant in Boston is $46,910 per year. This is 7% lower than the national average for a Fund Accountant which is $49,965 per year. Salaries for a Fund Accountant in Boston range from $39,342 per year to $63,748 annually. Total Annual Pay, which includes salary, bonus, and overtime for a Fund Accountant in Boston ranges from $39,338 to $65,088 annually. Among those reporting, there is an average job satisfaction rating of 4 out of 5 stars. Men make up a majority of the Fund Accountant workforce in Boston among those reporting — 80 percent to be exact. In Boston, a Fund Accountant often enjoys medical, dental, and vision benefits provided by their employer.
|Salary||$39,342 - $63,748|
|Bonus||$400 - $8,242|
|Total Pay (||$39,338 - $65,088|
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.Read More...
Most employers require fund accountants to have a bachelor's or master's degree in accounting, business administration, or a similar field. Additionally, many employers request that their candidates be certified public accountants (CPA); this is necessary for accountants working with the Securities and Exchange Commission. It's imperative that any fund accountants have proficient knowledge of basic computer programs, including relevant accounting software. Fund accountants usually work in an office, but they may be required to travel to different offices within their company. Further, the candidate may need to be able to lift approximately 15 to 20 pounds, as boxes or files of records may be heavy. (Copyright 2017 PayScale.com)
Fund Accountant Tasks
- Analyze financial data in order to prepare financial reports in compliance with applicable regulations.
- Maintain records of stewardship of financial resources received and expended and other financial activities.
- Utilize accounting principles to differentiate special purpose funds from a general fund.
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Rated 4 out of 5
based on 5 votes.