Systems accountant vs fund accountant

The differences between systems 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 systems accountant and a fund accountant. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $60,010 average annual salary of a systems accountant.

The top three skills for a systems accountant include general ledger, internal controls and reconciliations. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Systems accountant vs fund accountant overview

	Systems Accountant	Fund Accountant
Yearly salary	$60,010	$60,203
Hourly rate	$28.85	$28.94
Growth rate	6%	6%
Number of jobs	98,100	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 84%
Average age	44	44
Years of experience	4	4

Systems accountant vs fund accountant salary

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

	Systems Accountant	Fund Accountant
Average salary	$60,010	$60,203
Salary range	Between $43,000 And $83,000	Between $44,000 And $80,000
Highest paying City	Washington, DC	New York, NY
Highest paying state	Rhode Island	New York
Best paying company	AstraZeneca	Warburg Pincus
Best paying industry	Government	Finance

Differences between systems accountant and fund accountant education

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

	Systems Accountant	Fund Accountant
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 84%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Systems accountant vs fund accountant demographics

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

	Systems Accountant	Fund Accountant
Average age	44	44
Gender ratio	Male, 59.1% Female, 40.9%	Male, 61.5% Female, 38.5%
Race ratio	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.5% White, 63.4% 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 systems accountant and fund accountant duties and responsibilities

Systems accountant example responsibilities.

Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
Prepare journal entries and monthly account reconciliations.
Project manager for financial system support, integrating AR, funds control, and payroll subsidiary systems.
Develop the concept and reconciliation of the gross-to-net for active duty (navy), civilian payroll and retire payroll process.
Complete internal audits and reconciliations of government/grant appropriation of funds for compliance with propose regulations.
Collaborate with team to spearhead installation of ERP financial system, improving efficiency and accuracy.

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.

Systems accountant vs fund accountant skills

Common systems accountant skills

General Ledger, 9%
Internal Controls, 8%
Reconciliations, 8%
Payroll, 7%
Internal Audit, 6%
Journal Entries, 5%

Common fund accountant skills

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