Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between tax specialists and fund accountants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $57,168 average annual salary of a tax specialist.
The top three skills for a tax specialist include IRS, customer service and tax compliance. The most important skills for a fund accountant are reconciliations, calculation, and securities.
| Tax Specialist | Fund Accountant | |
| Yearly salary | $57,168 | $60,203 |
| Hourly rate | $27.48 | $28.94 |
| Growth rate | -7% | 6% |
| Number of jobs | 46,937 | 35,702 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 84% |
| Average age | 47 | 44 |
| Years of experience | - | 4 |
A tax specialist is responsible for handling the tax compliance and correspondence of an organization, finalizing tax audits, and resolving discrepancies. Tax specialists should have excellent knowledge of tax laws and federal regulations, ensuring the accuracy of tax statements, and filing it accurately and efficiently. They should also be highly-analytical and communicative, especially on explaining tax-related documents to the management or the clients, as well as analyzing tax computations and managing the company's financial transactions.
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.
Tax specialists and fund accountants have different pay scales, as shown below.
| Tax Specialist | Fund Accountant | |
| Average salary | $57,168 | $60,203 |
| Salary range | Between $36,000 And $88,000 | Between $44,000 And $80,000 |
| Highest paying City | Stamford, CT | New York, NY |
| Highest paying state | Rhode Island | New York |
| Best paying company | STMicroelectronics | Warburg Pincus |
| Best paying industry | Finance | Finance |
There are a few differences between a tax specialist and a fund accountant in terms of educational background:
| Tax Specialist | Fund Accountant | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 84% |
| Most common major | Accounting | Accounting |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between tax specialists' and fund accountants' demographics:
| Tax Specialist | Fund Accountant | |
| Average age | 47 | 44 |
| Gender ratio | Male, 30.8% Female, 69.2% | Male, 61.5% Female, 38.5% |
| Race ratio | Black or African American, 10.5% Unknown, 4.0% Hispanic or Latino, 17.8% Asian, 10.0% White, 57.1% American Indian and Alaska Native, 0.6% | 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 | 8% | 7% |