Grant accountant vs fund accountant

The differences between grant accountants 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 a grant accountant and a fund accountant. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $59,472 average annual salary of a grant accountant.

The top three skills for a grant accountant include reconciliations, grants management and GAAP. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Grant accountant vs fund accountant overview

	Grant Accountant	Fund Accountant
Yearly salary	$59,472	$60,203
Hourly rate	$28.59	$28.94
Growth rate	6%	6%
Number of jobs	36,034	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 84%
Average age	44	44
Years of experience	4	4

What does a grant accountant do?

A grant accountant is responsible for overseeing financial and grant services in an organization. They are responsible for performing accounting and administrative tasks such as gathering and analyzing data, preparing and processing financial statements, conducting audits and assessments, identifying and resolving discrepancies, and handling taxes. They may also prepare forecasts and models, supervise budgets, and submit regular reports to managers. Moreover, a grant accountant must comply with the state, federal, and local financial laws and regulations, keeping abreast of the latest changes.

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.

Grant accountant vs fund accountant salary

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

	Grant Accountant	Fund Accountant
Average salary	$59,472	$60,203
Salary range	Between $46,000 And $76,000	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	Search for Common Ground	Warburg Pincus
Best paying industry	Professional	Finance

Differences between grant accountant and fund accountant education

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

	Grant Accountant	Fund Accountant
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 84%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Grant accountant vs fund accountant demographics

Here are the differences between grant accountants' and fund accountants' demographics:

	Grant Accountant	Fund Accountant
Average age	44	44
Gender ratio	Male, 37.8% Female, 62.2%	Male, 61.5% Female, 38.5%
Race ratio	Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 13.4% White, 62.9% 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 grant accountant and fund accountant duties and responsibilities

Grant accountant example responsibilities.

Manage sub-awards to ensure compliance with federal and state regulations, and OMB circulars prior to payment process.
Manage all daily and biweekly payroll processes in accordance within establish deadlines.
Manage derivative accounting at global level and ensure accounting and economic hedging objectives are align.
Perform grant-related post-award functions, including budget and expense analysis, financial reporting and reconciliations.
Coordinate audit process with outside CPA firm, audit lead schedules, reports.
Supervise monthly payroll processing and tax calculations.

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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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Grant accountant vs fund accountant skills

Common grant accountant skills

Reconciliations, 9%
Grants Management, 5%
GAAP, 5%
Payroll, 5%
Financial Analysis, 4%
Expenditure Reports, 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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