Fund Accounting Associate

Bessemer Trust•Woodbridge Township, NJ

13h•$75,000 - $90,000•Hybrid

About The Position

We are seeking a detail-oriented and motivated Fund Accounting Associate to join our Mutual Fund Accounting team. This individual will play a critical role in supporting the daily accounting operations, financial reporting, and regulatory compliance. The ideal candidate will have 2–5 years of relevant accounting experience in financial services, with a strong understanding of investment accounting principles, financial statement preparation, and industry best practices. Strong analytical and communication skills are needed due to the high level of interaction with both internal stakeholders and external partners. The individual must be willing to engage in the details and have a hands-on approach. The role will also work closely with members of the compliance and legal teams.

Requirements

BA / BS required - Finance / Accounting preferred
2-to-5-years’ relevant experience in Financial Services with emphasis on Accounting, Compliance, and Operations
Microsoft Office Suite with emphasis on Excel
Experience mapping/re-engineering business/process flows
Derivatives: Knowledge of various structures (e.g. Futures, Options OTC), and experience with related regulations and testing requirements.

Nice To Haves

Data Analysis expertise a plus
CPA a plus but not required

Responsibilities

Assist with the preparation of quarterly, semi-annual, and annual financial statements.
Assist with review of tailored shareholder reports for the firms proprietary mutual funds.
Support regulatory filings (N-PORT, N-CEN, etc.) as applicable.
Ensure compliance with SEC and other regulatory requirements.
Prepare and review materials for quarterly and annual Board of Directors meetings.
Assist with presentations and data analyses for trustees and senior management.
Track and report on key operational, financial, and regulatory matters impacting the funds.
Assist with data gathering, monitoring, and reporting related to derivatives usage and compliance with 18f-4 requirements.
Support the Derivatives Risk management program in preparing reports and analysis for Board oversight.
Maintain documentation and testing records in accordance with SEC regulations.
Assist with compliance with Rule 22e-4 and liquidity risk SEC requirements.
Perform variance analysis and exception reporting to identify and resolve discrepancies.
Maintain strong internal controls, ensuring adherence to policies and procedures.
Support audits by helping prepare schedules and responding to auditor inquiries.
Valuation – Experience with pricing vendor oversight and due diligence
Liquidity Management
Must be familiar with the following security/position types and associated trade workflows: Equities: U.S. and International Fixed Income: U.S. and International Foreign Exchange
Mutual Fund Accounting and Administration including service provider oversight
Mutual Fund Expense process
Transfer Agent workflow
Reconciliation – Knowledge of reconciliation process and issue resolution

Benefits

Eligible employees may participate in a 401(k) program with a generous profit-sharing contribution, medical, prescription dental, and vision coverage; life insurance; disability coverage; paid holidays; vacation; and sick time, subject to plan terms and Company policies.
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