Financial and Purchasing Management Careers | Fund / Investment Accountant

Fund / Investment Accountant

Career Area: Finance

Occupation Group: Accounting Professionals

Salary

Percentile wages tell how much a certain percentage of an overall population in a geographic area or within a given industry or field makes. The percentile wage estimate is the value of a wage below which a certain percent of workers fall.

An example would be the 25th percentile, 25 percent of workers employed in that occupation earn less and 75 percent earn more than the estimated wage value. At the 75th percentile, 75 percent of workers employed in that occupation earn less and 25 percent earn more than the estimated wage value.

A typical Fund / Investment Accountant earns the following wages (national and state):

State

The average salary in North Carolina for those pursuing this career is $63,901

*The salaries depicted here are representative of the range of salaries posted in job listings over the past year. Living wage in North Carolina is $30,000.

National

The average salary in the United States for those pursuing this career is $71,513

*The salaries depicted here are representative of the range of salaries posted in job listings over the past year. Living wage in North Carolina is $30,000.

What Does a Professional in this Career Do?

Organizes and maintains financial records for business or personal investment funds. Monitors and records investment activities. Manages investment portfolios or provides accounting reports to portfolio and fund managers.

Employment Trends

The job demand and job growth statistics shown here were derived from job posts over the past year. Expected job growth projections are extrapolated from year-over-year job post listing history.

Job demand and job growth is expected at the following rates:

LocationGrowth
North Carolina154+13.8%
Nationwide6063+10%

Skills

A professional in this position typically utilizes the following skills in the course of everyday work in this exciting and challenging field:

Baseline Skills

The following are baseline skills every Fund / Investment Accountant is expected to have in order to experience success in this field:

  • Microsoft Excel: Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android and iOS. It features calculation, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications.
  • Communication Skills: The ability to convey information to another effectively and efficiently.
  • Detail-Oriented: A detail oriented person is someone who pays attention to the details and can make a conscious effort to understand causes instead of just the effects, and that does this in a second nature type of way.
  • Organizational Skills: Experience with a systematic process of structuring, integrating, co-ordinating task goals, and activities to resources in order to attain objectives.
  • Research: Experience performing creative and systematic work to understand a product, market, or customer, either before building a new solution, or to troubleshoot an existing issue

Specialized Skills

These skills are specific to working in this career:

  • Accounting: Experience maintaining and verifying the business records of a person or business and preparing forms and reports for financial purposes.
  • Fund Accounting: Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law.
  • Financial Statements: Financial statements (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.
  • Account Reconciliation: In accounting, working experience using two sets of records to ensure figures are correct and in agreement. This involves whether the money leaving an account matches the amount that's being spent, and making sure the two are balanced at the end of the recording period.
  • Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles, also called GAAP or US GAAP, is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC).

Distinguishing Skills

Any Fund / Investment Accountant that possesses the following skills will stand out against the competition:

  • Corporate Accounting: Corporate Accounting is a special branch of accounting which deals with the accounting for companies ,preparation of their final accounts and cash flow statements, analysis and interpretation of companies's financial results and accounting for specific events like amalgamation, absorption, preparation of consolidated balance sheets.
  • Financial Accounting: Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business.
  • Fixed Income: Working experience of Fixed Income, which is a type of investment in which real return rates or periodic income is received at regular intervals and at reasonably predictable levels. Fixed-income investments can be used to diversify one's portfolio, as they pose less risk than equities and derivative investments.
  • Cash Management: Cash management refers to a broad area of finance involving the collection, handling, and usage of cash.
  • Investor Relations: Investor Relations (IR) is a strategic management responsibility that is capable of integrating finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a company's securities achieving fair valuation.

Salary Boosting Skills

A professional who wishes to excel in this career path may consider developing the following highly valued skills:

  • Financial Planning: Experience performing a comprehensive evaluation of an investor's current and future financial state by using currently known variables to predict future cash flows and asset values.

Experience

This position typically requires the following level of experience. The numbers presented in the pie charts below were derived from actual job posts over the past year. Not all job postings list experience requirements.

Experience Required%
0 to 2 years43%
3 to 5 years49%
6 to 8 years6%

Many of the programs offered through NC State are designed for working professionals who need additional credentials to enhance existing work experience.

Students who do not have the expected level of experience may wish to look into internship and employment opportunities.

Common Job Titles

It is possible to find work in this field in positions commonly listed as the following job titles:

  • Fund Accountant
  • Senior Accountant
  • Senior Fund Accountant
  • Accountant
  • Staff Accountant

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