Traveling accountant vs fund accountant

The differences between traveling 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 traveling accountant and a fund accountant. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $43,629 average annual salary of a traveling accountant.

The top three skills for a traveling accountant include expense reports, financial statements and customer service. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Traveling accountant vs fund accountant overview

	Traveling Accountant	Fund Accountant
Yearly salary	$43,629	$60,203
Hourly rate	$20.98	$28.94
Growth rate	6%	6%
Number of jobs	40,885	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 84%
Average age	44	44
Years of experience	4	4

Traveling accountant vs fund accountant salary

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

	Traveling Accountant	Fund Accountant
Average salary	$43,629	$60,203
Salary range	Between $28,000 And $67,000	Between $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 traveling accountant and fund accountant education

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

	Traveling 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

Traveling accountant vs fund accountant demographics

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

	Traveling Accountant	Fund Accountant
Average age	44	44
Gender ratio	Male, 30.4% Female, 69.6%	Male, 61.5% Female, 38.5%
Race ratio	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.9% 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 traveling accountant and fund accountant duties and responsibilities

Traveling accountant example responsibilities.

Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
Administer general ledgers, fund coding and checkbook maintenance for organization's accounts while also generating daily financial analysis reports.
Enforce policies and procedures regarding expense reimbursements as specified in the CACI policies and procedures manual.

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.

Traveling accountant vs fund accountant skills

Common traveling accountant skills

Expense Reports, 30%
Financial Statements, 12%
Customer Service, 10%
Journal Entries, 10%
Reconciliations, 8%
Credit Card Accounts, 5%

Common fund accountant skills

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