Reconciliation Analyst
About The Position
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.
Requirements
- 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
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
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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
