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Regional accountant vs fund accountant

The differences between regional 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 regional accountant and a fund accountant. Additionally, a regional accountant has an average salary of $61,848, which is higher than the $60,203 average annual salary of a fund accountant.

The top three skills for a regional accountant include reconciliations, payroll and balance sheet accounts. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Regional accountant vs fund accountant overview

Regional AccountantFund Accountant
Yearly salary$61,848$60,203
Hourly rate$29.73$28.94
Growth rate6%6%
Number of jobs56,40635,702
Job satisfaction--
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 84%
Average age4444
Years of experience44

What does a regional accountant do?

Regional accountants work on the preparation of accounts and tax returns, payroll administration, and auditing financial information. They utilize financial statements, account reconciliations, and balance sheets to assist with their accounting work. Regional accountants must have good communication skills, be highly analytical, and take leadership over the accounts in their assigned region.

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.

Regional accountant vs fund accountant salary

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

Regional AccountantFund Accountant
Average salary$61,848$60,203
Salary rangeBetween $47,000 And $79,000Between $44,000 And $80,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Warburg Pincus
Best paying industry-Finance

Differences between regional accountant and fund accountant education

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

Regional AccountantFund Accountant
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 84%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Regional accountant vs fund accountant demographics

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

Regional AccountantFund Accountant
Average age4444
Gender ratioMale, 42.0% Female, 58.0%Male, 61.5% Female, 38.5%
Race ratioBlack or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 12.2% White, 63.9% 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 Percentage7%7%

Differences between regional accountant and fund accountant duties and responsibilities

Regional accountant example responsibilities.

  • Prepare internal financial reports for treasury manage accounts include in external compliance reports.
  • General accounting functions include G/L, A/P, A/R, accruals & allocations, reconcile accounts, & G/L monthly close.
  • Compile and analyze financial information such as balance sheet account reconciliations, variance, revenue and expense analysis.
  • Analyze financial statements to identify, evaluate and correct financial issues, including preparation of detail account reconciliations.
  • Prepare monthly journal entries in accordance with GAAP including moderate to complex supporting calculations.
  • Verify that all GAAP accounting principal relative to the department operations have been correctly follow.
    • Show more

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.
    • Show more

Regional accountant vs fund accountant skills

Common regional accountant skills
  • Reconciliations, 15%
  • Payroll, 6%
  • Balance Sheet Accounts, 6%
  • Account Reconciliations, 5%
  • GAAP, 5%
  • General Ledger Accounts, 5%
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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