Accounting analyst vs fund accountant

The differences between accounting analysts and fund accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an accounting analyst and a fund accountant. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $58,399 average annual salary of an accounting analyst.

The top three skills for an accounting analyst include reconciliations, customer service and account reconciliations. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Accounting analyst vs fund accountant overview

	Accounting Analyst	Fund Accountant
Yearly salary	$58,399	$60,203
Hourly rate	$28.08	$28.94
Growth rate	6%	6%
Number of jobs	81,097	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 84%
Average age	44	44
Years of experience	4	4

What does an accounting analyst do?

An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.

What does a fund accountant do?

A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.

Accounting analyst vs fund accountant salary

Accounting analysts and fund accountants have different pay scales, as shown below.

	Accounting Analyst	Fund Accountant
Average salary	$58,399	$60,203
Salary range	Between $42,000 And $79,000	Between $44,000 And $80,000
Highest paying City	San Francisco, CA	New York, NY
Highest paying state	New York	New York
Best paying company	Google	Warburg Pincus
Best paying industry	Finance	Finance

Differences between accounting analyst and fund accountant education

There are a few differences between an accounting analyst and a fund accountant in terms of educational background:

	Accounting Analyst	Fund Accountant
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 84%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Accounting analyst vs fund accountant demographics

Here are the differences between accounting analysts' and fund accountants' demographics:

	Accounting Analyst	Fund Accountant
Average age	44	44
Gender ratio	Male, 41.6% Female, 58.4%	Male, 61.5% Female, 38.5%
Race ratio	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5%	Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between accounting analyst and fund accountant duties and responsibilities

Accounting analyst example responsibilities.

Manage and process all ACH, EFT and wire transfer transactions daily (debit or credits).
Manage reconciling monthly discrepancies between ERP transfers.
Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
Maintain accounting controls by following GAAP and internal accounting policies; maintain financial security by following internal controls.
Review and approve monthly general ledger and bank account reconciliations for special condition accounts to ensure procedural consistency and compliance.

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Fund accountant example responsibilities.

Manage fund accounting activities for five funds for an investment manager with $80b in AUM.
Manage accoutningtransition from Quickbooks to Yardi.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Record efficiently accounting records, securities positions, corporate actions and journal entries accordance with department policies and procedures.
Process complex transactions for foreign and domestic bonds, equities, futures, and options.
Prepare annual and semi-annual financial statements using GAAP.

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Accounting analyst vs fund accountant skills

Common accounting analyst skills

Reconciliations, 12%
Customer Service, 7%
Account Reconciliations, 6%
GAAP, 5%
Strong Analytical, 4%
Payroll, 4%

Common fund accountant skills

Reconciliations, 12%
Calculation, 5%
Securities, 5%
GAAP, 5%
Accruals, 5%
Journal Entries, 4%

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Updated January 8, 2025

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