Responsibilities
Reconcile various General Ledger Accounts (liability, asset and receivable accounts, and suspense accounts) Reconcile domestic and international bank accounts Reconcile security purchases, sales, dividends, interest, and fees Maintain accurate and current departmental desktop procedures Investigate and research reconciling items, breaks, and discrepancies in a timely manner Coordinate with internal teams (e.g., Finance, Treasury, and Operations) to resolve differences Monitor and escalate aged breaks in accordance with established procedures Process various journal entries in trust accounting system and general ledger Contribute to process improvements, automation initiatives, and system enhancements to increase efficiency and accuracy Participate in audits, and internal reviews by providing requested documentation and explanations Assist other members of the Bank Operations team around deadlines with time sensitive projects Be available to work unannounced overtime when needed Qualifications
Bachelor’s degree in Finance, Accounting, Business, or a related field, or equivalent relevant experience 1–2 years of experience in bank operations, reconciliations, accounting, or financial services operations Working knowledge of cash, securities, and general ledger reconciliation processes High attention to detail with the ability to identify, analyze, and resolve discrepancies Excellent analytical and problem-solving skills Effective written and verbal communication skills Strong work ethic (self-motivated, disciplined, focused and hardworking) Ability to work effectively both independently and in a collaborative team environment Proficiency in Microsoft Excel; knowledge of Oracle preferred The base salary range for this position is $60K - $80K. Actual salaries will vary and will be based on various factors, such as skills, experience, and qualification for the role. It is not typical for offers to be made at or near the top of the range. In addition, this position may be eligible for a discretionary incentive-based bonus based on individual and company performance. Eligible employees may participate in a 401 (K) program with a company profit sharing contribution, medical, dental, vision, life insurance and disability covering and paid holidays, vacation, and sick days. About Bessemer Trust
Bessemer Trust is a leading multifamily office, overseeing $250 billion in assets for 3,000 individuals and families of substantial wealth. Its 1,300 employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service. Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel. Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer's adherence to putting clients' interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does. Key Facts
For 119 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family. Headquartered on New York’s Avenue of the America’s, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm’s largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C. To watch a video about Bessemer Trust’s history, click here. To learn more about Bessemer Trust, click here. About Our Employee Rewards And Benefits
We provide exceptional rewards and benefits that are among the best in the industry, giving our people access to a wide range of options, including: Competitive base salary plus discretionary annual bonus for select positions A 401(k) plan with a generous annual profit-sharing contribution Personalized development and career opportunities, including tuition reimbursement support Comprehensive medical, dental, and vision plans with zero contributions for employee coverage Employee assistance (EAP) and wellness programs Hybrid work environment: 60% in office, 40% remote for most positions Paid time off and paid parental leave Employer-paid life insurance and short- and long-term disability coverage Legal services and financial wellness plans at no cost to employees Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.
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Reconcile various General Ledger Accounts (liability, asset and receivable accounts, and suspense accounts) Reconcile domestic and international bank accounts Reconcile security purchases, sales, dividends, interest, and fees Maintain accurate and current departmental desktop procedures Investigate and research reconciling items, breaks, and discrepancies in a timely manner Coordinate with internal teams (e.g., Finance, Treasury, and Operations) to resolve differences Monitor and escalate aged breaks in accordance with established procedures Process various journal entries in trust accounting system and general ledger Contribute to process improvements, automation initiatives, and system enhancements to increase efficiency and accuracy Participate in audits, and internal reviews by providing requested documentation and explanations Assist other members of the Bank Operations team around deadlines with time sensitive projects Be available to work unannounced overtime when needed Qualifications
Bachelor’s degree in Finance, Accounting, Business, or a related field, or equivalent relevant experience 1–2 years of experience in bank operations, reconciliations, accounting, or financial services operations Working knowledge of cash, securities, and general ledger reconciliation processes High attention to detail with the ability to identify, analyze, and resolve discrepancies Excellent analytical and problem-solving skills Effective written and verbal communication skills Strong work ethic (self-motivated, disciplined, focused and hardworking) Ability to work effectively both independently and in a collaborative team environment Proficiency in Microsoft Excel; knowledge of Oracle preferred The base salary range for this position is $60K - $80K. Actual salaries will vary and will be based on various factors, such as skills, experience, and qualification for the role. It is not typical for offers to be made at or near the top of the range. In addition, this position may be eligible for a discretionary incentive-based bonus based on individual and company performance. Eligible employees may participate in a 401 (K) program with a company profit sharing contribution, medical, dental, vision, life insurance and disability covering and paid holidays, vacation, and sick days. About Bessemer Trust
Bessemer Trust is a leading multifamily office, overseeing $250 billion in assets for 3,000 individuals and families of substantial wealth. Its 1,300 employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service. Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel. Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer's adherence to putting clients' interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does. Key Facts
For 119 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family. Headquartered on New York’s Avenue of the America’s, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm’s largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C. To watch a video about Bessemer Trust’s history, click here. To learn more about Bessemer Trust, click here. About Our Employee Rewards And Benefits
We provide exceptional rewards and benefits that are among the best in the industry, giving our people access to a wide range of options, including: Competitive base salary plus discretionary annual bonus for select positions A 401(k) plan with a generous annual profit-sharing contribution Personalized development and career opportunities, including tuition reimbursement support Comprehensive medical, dental, and vision plans with zero contributions for employee coverage Employee assistance (EAP) and wellness programs Hybrid work environment: 60% in office, 40% remote for most positions Paid time off and paid parental leave Employer-paid life insurance and short- and long-term disability coverage Legal services and financial wellness plans at no cost to employees Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.
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