Bessemer Trust is a family office overseeing $250 billion in assets for wealthy individuals and families. They are seeking a Reconciliation Analyst to manage various reconciliations, maintain departmental procedures, and coordinate with internal teams to resolve discrepancies.
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
Skills
- 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
Benefits
- 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
Company Overview
Bessemer Trust is an investment management, wealth planning, and client service. It was founded in 1907, and is headquartered in New York, New York, USA, with a workforce of 1001-5000 employees. Its website is http://www.bessemertrust.com/.