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Senior tax associate vs fund accountant

The differences between senior tax associates 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 senior tax associate and a fund accountant. Additionally, a senior tax associate has an average salary of $91,872, which is higher than the $60,203 average annual salary of a fund accountant.

The top three skills for a senior tax associate include CPA, tax compliance and client relationships. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Senior tax associate vs fund accountant overview

Senior Tax AssociateFund Accountant
Yearly salary$91,872$60,203
Hourly rate$44.17$28.94
Growth rate6%6%
Number of jobs28,33935,702
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 84%
Average age4444
Years of experience44

What does a senior tax associate do?

A senior tax associate is responsible for assisting the accounting and finance department in processing tax requirements and analyzing documents for accurate completion of tax filings. Senior tax associates also support the analysis of financial transactions and account statements, resolving billing discrepancies, and performing account reconciliations. They handle tax disputes immediately to mitigate complications on tax systems and coordinate with the management and clients for the updates. A senior tax associate must have excellent analytical skills, as well as extensive knowledge of the financial and taxation industry.

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.

Senior tax associate vs fund accountant salary

Senior tax associates and fund accountants have different pay scales, as shown below.

Senior Tax AssociateFund Accountant
Average salary$91,872$60,203
Salary rangeBetween $66,000 And $126,000Between $44,000 And $80,000
Highest paying CityWashington, DCNew York, NY
Highest paying stateNew YorkNew York
Best paying companyLord AbbettWarburg Pincus
Best paying industryFinanceFinance

Differences between senior tax associate and fund accountant education

There are a few differences between a senior tax associate and a fund accountant in terms of educational background:

Senior Tax AssociateFund Accountant
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 84%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Pennsylvania

Senior tax associate vs fund accountant demographics

Here are the differences between senior tax associates' and fund accountants' demographics:

Senior Tax AssociateFund Accountant
Average age4444
Gender ratioMale, 49.7% Female, 50.3%Male, 61.5% Female, 38.5%
Race ratioBlack or African American, 7.8% Unknown, 3.9% Hispanic or Latino, 10.1% Asian, 17.8% White, 60.0% 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 senior tax associate and fund accountant duties and responsibilities

Senior tax associate example responsibilities.

  • Prepare and review tax exempt-bond arbitrage rebate calculations; communicate findings to managing director and clients.
  • Identify book-tax differences to reconcile GAAP basis income to tax basis income.
  • Prepare and audit year-end/quarterly provision for public and private companies (ASC [].
  • Maintain tax and GAAP capital accounts for investors and respond to limit partner requests when necessary.
  • Assist in the booking of in-transit, and audit invoices, to ensure sales tax bill accurately.
  • Register all new DG store locations for sales and use tax with the appropriate jurisdiction within each assign state.
    • 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

Senior tax associate vs fund accountant skills

Common senior tax associate skills
  • CPA, 24%
  • Tax Compliance, 12%
  • Client Relationships, 5%
  • Taxation, 4%
  • FAS, 4%
  • Tax Planning, 3%
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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