1. University of Pennsylvania
Philadelphia, PA • Private
Just like this name stipulates, a Fund Accountant is responsible for providing accounting for an investment portfolio. Some of these investments include securities, real estate in an investment fund, e.g., mutual fund or hedge fund. Fund accountant is tasked with the responsibility of preparing timely values, accurate, and fund accounting output. We all know that accounting requires strong attention, so extreme focus is needed. But for this particular job, you need more than just strong attention.
Some of the skills needed for this include analytical skills, which are needed in conducting cash flow analysis, ability to reconcile assets/cash balances, ability to review transactions for accuracy, knowledge of investment products and trading of financial instruments, strong understanding of legislative policy and regulations in the financial sector.
Indeed, you need some academic qualifications to fit into this job. First, you have to understand that because accounting is a very caring profession, you need more than just bachelor's and master's degrees to scale through. Nevertheless, you still need a Bachelor's or Master's degree in Accounting, Economics, or Finance. But then, you will also be needing a certified public accountant (CPA), ACCA, CIMA, or ACA certificate to give you an edge. As for the salary of a Fund Accountant, it ranges from $45,000 and $62,000 per annum, depending on their experience.
There are certain skills that many fund accountants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.
If you're interested in becoming a fund accountant, one of the first things to consider is how much education you need. We've determined that 84.3% of fund accountants have a bachelor's degree. In terms of higher education levels, we found that 10.8% of fund accountants have master's degrees. Even though most fund accountants have a college degree, it's impossible to become one with only a high school degree or GED.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of accountant you might progress to a role such as senior accountant eventually. Later on in your career, you could end up with the title regional controller.
What Am I Worth?
The role of a fund accountant includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general fund accountant responsibilities:
There are several types of fund accountant, including:
Mouse over a state to see the number of active fund accountant jobs in each state. The darker areas on the map show where fund accountants earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Philadelphia, PA • Private
Evanston, IL • Private
Los Angeles, CA • Private
Vestal, NY • Private
Villanova, PA • Private
San Diego, CA • Private
Waltham, MA • Private
Boston, MA • Private
Stony Brook, NY • Private
New York, NY • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.8% of fund accountants listed reconciliations on their resume, but soft skills such as analytical skills and communication skills are important as well.
Zippia allows you to choose from different easy-to-use Fund Accountant templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Fund Accountant resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
1. Financial Accounting Subsidiary Ledgers & Special Journals
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2. Financial Accounting-Adjusting Entries & Financial Statement
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3. Principles of Financial Accounting
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Some places are better than others when it comes to starting a career as a fund accountant. The best states for people in this position are New York, New Jersey, California, and Connecticut. Fund accountants make the most in New York with an average salary of $74,718. Whereas in New Jersey and California, they would average $71,709 and $69,194, respectively. While fund accountants would only make an average of $64,930 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. District of Columbia
2. New York
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|10||JPMorgan Chase & Co.||$75,569||$36.33||163|