Recurring Payments Analyst

Bessemer Trust • Woodbridge Township, NJ

7h • Hybrid

About The Position

The Finance Business Services Group at Bessemer Trust is recruiting to fill a Bank Operations Analyst position. The core responsibilities of Bank Operations are providing accurate, secure, and efficient execution of the firm’s day-to-day cash transactions. In addition to transaction processing, Bank Operations partners closely with client advisors and technology teams to improve workflows, enhance operational efficiency, and support a high-quality client experience. The successful candidate will have the following responsibilities and qualifications. Bessemer Trust is a family office, overseeing more than $250 billion in assets for over 3,000 individuals and families of substantial wealth. Its more than 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.

Requirements

• Bachelor’s degree in a related field (or equivalent experience)
• 1–3 years of experience in banking operations, cash management, or a related role
• Strong attention to detail and organizational skills
• Ability to manage multiple tasks in a deadline-driven environment
• Proficiency in Microsoft Office and Microsoft Suite applications
• Execute responsibilities with a sense of urgency, accuracy, and priority
• Strong interpersonal skills to work well in a team environment

Nice To Haves

• Solid understanding of banking processes and transaction workflows
• Familiarity with banking systems

Responsibilities

• Process and monitor recurring cash transactions, ensuring timely and accurate execution in accordance with client instructions
• Handle check deposits, including verification, posting, and reconciliation of incoming funds
• Issue and process official checks, ensuring proper authorization, documentation, and delivery
• Review transactions for accuracy and completeness, resolving discrepancies and exceptions as needed
• Maintain detailed records of all transactions in accordance with internal policies and audit standards
• Partner with client service teams and other internal groups to address inquiries and support client requests
• Ensure adherence to regulatory requirements, risk, controls, and operational procedures
• Identify opportunities to improve processes, increase efficiency, and reduce operational risk
• Willing to work overtime and maintain in-office flexibility as business needs require

Benefits

• 401(k) program with a generous annual profit-sharing contribution
• Medical, prescription dental, and vision coverage with zero contributions for employee coverage
• Life insurance (employer-paid)
• Disability coverage (employer-paid short- and long-term)
• Paid holidays
• Vacation
• Sick time
• Competitive base salary plus discretionary annual bonus for select positions
• Personalized development and career opportunities
• Tuition reimbursement support
• Employee assistance (EAP) programs
• Wellness programs
• Hybrid work environment: 60% in office, 40% remote for most positions
• Paid time off
• Paid parental leave
• Legal services at no cost to employees
• Financial wellness plans at no cost to employees

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 251-500 employees