Fund accountant vs transfer agent

The differences between fund accountants and transfer agents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a fund accountant, becoming a transfer agent takes usually requires 4-6 years. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $25,018 average annual salary of a transfer agent.

The top three skills for a fund accountant include reconciliations, calculation and securities. The most important skills for a transfer agent are customer service, inbound calls, and outbound calls.

Fund accountant vs transfer agent overview

	Fund Accountant	Transfer Agent
Yearly salary	$60,203	$25,018
Hourly rate	$28.94	$12.03
Growth rate	6%	10%
Number of jobs	35,702	28,396
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 84%	Bachelor's Degree, 43%
Average age	44	43
Years of experience	4	6

Fund accountant vs transfer agent salary

Fund accountants and transfer agents have different pay scales, as shown below.

	Fund Accountant	Transfer Agent
Average salary	$60,203	$25,018
Salary range	Between $44,000 And $80,000	Between $18,000 And $33,000
Highest paying City	New York, NY	-
Highest paying state	New York	-
Best paying company	Warburg Pincus	-
Best paying industry	Finance	-

Differences between fund accountant and transfer agent education

There are a few differences between a fund accountant and a transfer agent in terms of educational background:

	Fund Accountant	Transfer Agent
Most common degree	Bachelor's Degree, 84%	Bachelor's Degree, 43%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	Stanford University

Fund accountant vs transfer agent demographics

Here are the differences between fund accountants' and transfer agents' demographics:

	Fund Accountant	Transfer Agent
Average age	44	43
Gender ratio	Male, 61.5% Female, 38.5%	Male, 42.3% Female, 57.7%
Race ratio	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%	Black or African American, 5.6% Unknown, 4.1% Hispanic or Latino, 11.7% Asian, 11.6% White, 66.8% American Indian and Alaska Native, 0.2%
LGBT Percentage	7%	6%

Differences between fund accountant and transfer agent duties and responsibilities

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.

Transfer agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Adhere to FDCPA regulations, federal, state and local law provisions.
Research inquiries and provide appropriate feedback including company policies, IRS regulations and compliance requirements.
Provide information to clients on Fidelityproducts, services, operational procedures, including 401k, transaction and NAV quotes.
Answer complex financial inquiries including, fund and market performance, taxation (cost basis, IRS forms, etc.
Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.

Fund accountant vs transfer agent skills

Common fund accountant skills

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

Common transfer agent skills

Customer Service, 27%
Inbound Calls, 13%
Outbound Calls, 12%
TA, 6%
Debt Collection, 6%
Transferring Calls, 3%