What does a Fund Accountant do?

Fund accountants are primarily responsible for the aspects of day-to-day accounting for their assigned mutual or institutional funds. They prepare timely and accurate fund accounting output, including net asset values, yields, distributions for subsequent review, and accounting for investment portfolios including securities, real estate, or commodities. They calculate and report net asset values per unit and compile standard weekly and monthly financial statements and income expense accruals.

Fund accountants conduct daily analysis of various financial metrics to help firms set a price or value of their funds. They also calculate and report income, expense, and item-specific accrual statements including a dividend or interest income worksheet and other schedules including a T-bill. They monitor and record security transactions including trade, interest payment, maturity and corporate actions. They report findings promptly to clients and ensure their findings adhere to laws, compliance, and protocol. Fund accountants need a minimum bachelor’s degree in accounting, finance, or related fields.

What responsibilities are common for Fund Accountant jobs?
  • Implement fund structures on accounting system.
  • Assist in design and implementation of internal audit practices and procedures.
  • Coordinate with fund administrator for accounting and reporting matters.
  • Review and coordinate fund expense analysis and expense processing.
  • Assist in development of policies and procedures for work performed.
  • Prepare reports provided to internal and external customers, including maintenance of supporting documentation.
  • Analyze fund performance on a daily and monthly basis.
  • Oversee, as a resource, acquisitions of new business and portfolio management.
  • Generate quarterly financial statements, accompanying notes, and supporting schedules.
  • Daily/Monthly/Quarterly reconciliation of investment positions and fair market values.
  • Assist with reviewing compliance and regulatory filings.
  • Support and review the work produced by lower level staff.
  • Prepare and maintain goals and career development plans for all direct reports.
  • Quarterly calls: Track participants and take notes for calls.
  • Assist in tracking PSC member information participation in meetings and teleconferences.
  • Ensure accurate and timely recording of general journal entries.
  • Where applicable, support the tax team with information to prepare tax compliance/reports.
  • May participate in annual and strategic business planning process.
  • Develop strong business relationships with both internal and external clients.
  • Provide fund advisors with forecasted available cash for fund every morning in a quick and accurate manner.
  • Prepare allocations of capital calls and distributions and setup notices accordingly.
  • Assist other departments with the acquisition and disposition of real estate properties.
What are the typical qualifications for Fund Accountant jobs?
  • Bachelor's Degree in accounting or business, or GED/high school diploma and equivalent experience.
  • Experience with C#, IRR, and SOC software and systems.
  • Fluent in GAAP updates and requirements.
  • Experience with legal documentation and enterprise resource planning.
  • Prior experience in a consulting position.
  • A sound decision maker and natural problem solver with demonstrated critical thinking and collaboration skills.
  • A good work ethic and natural leader.
Education--
Work/Life Balance
3.3 ★
Salary Range--
Career Opportunity
3.4 ★
Avg. Experience2-4 years

Fund Accountant Salaries

Average Base Pay

€33,519 /yr
Same as national average
Not including cash compensation
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€28K
Median: €34K
€49K
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Glassdoor Estimated Salary

Fund Accountant Career Path

Learn how to become a Fund Accountant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Fund Accountant

Years of Experience Distribution

0 - 1
23%
2 - 4
57%
5 - 7
15%
8+
5%
Not including years spent in education and/or training

Fund Accountant Insights

Read what Fund Accountant professionals have to say about their job experiences and view top companies for this career.
BNP ParibasBNP Paribas
Hedge Fund Accountant
4 Jun 2021

“Good lifts and ambience is nice”

Alter DomusAlter Domus
Funds Manager
26 Sept 2022

“Good bonus and WFH options are good.”

Brown Brothers HarrimanBrown Brothers Harriman
Fund Accountant
14 Jul 2022

“Good teams and good WLB.”

CitiCiti
Fund Accountant Manager
2 Aug 2021

“You get to learn and do a lot but I terms of benefits don't expect much.”

U.S. BankU.S. Bank
Fund Accountant
9 May 2022

“it was good and I got a bonus after <1 yr”

CharityJobCharityJob
Fund Raising
29 Jun 2022

“Good good good good good”

Northern TrustNorthern Trust
Fund Accountant Team Lead
16 May 2021

“best to expect nothing when it comes to yearly salary review even with exceptional performance rating”

RBC Investor ServicesRBC Investor Services
Fund Accountant
23 Jul 2020

“You get to learn so many new things there along with a good team to work with”

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Fund Accountant Interviews

Frequently asked questions about the role and responsibilities of a Fund Accountant

The most similar professions to Fund Accountant are:
  • Management Accountant
  • Accountant
  • Accounting Manager
  • Cost Accountant

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Fund Accountant jobs