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.
Responsibilities:
Familiar with the mutual fund operations, SEC rules and related testing with emphasis on:
Financial Reporting & Compliance
- 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.
Board Reporting & Governance
- 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.
- Derivatives: Knowledge of various structures (e.g. Futures, Options OTC), and experience with related regulations and testing 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.
Controls & Oversight
- 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
Qualifications:
- 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
- Data Analysis expertise a plus
- CPA a plus but not required
The base salary range for this position is $75,000.00 - $90,000.00 per year. This range reflects the minimum and maximum base salary we reasonably expect to pay for this role. In addition, this position may be eligible to participate in the relevant business unit’s incentive compensation plan, and other compensation programs as applicable. 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.
About Bessemer Trust:
- Bessemer Trust is a family office, overseeing $250 billion in assets for 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.
Key Facts:
- For more than 119 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family.
- Headquartered in New York’s Rockefeller Center, 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.
Skills Required
- 2-to-5-years' relevant experience in Financial Services
- BA / BS required - Finance / Accounting preferred
- Microsoft Office Suite with emphasis on Excel
- Experience mapping/re-engineering business/process flows
- Data Analysis expertise a plus
- CPA a plus but not required
Bessemer Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bessemer Trust and has not been reviewed or approved by Bessemer Trust.
-
Affordable Benefits — Employee health coverage requires zero employee contributions for individual medical, dental, and vision, indicating notably low costs. Feedback suggests core insurance remains affordable alongside included EAP and wellness programs.
-
Retirement Support — A 401(k) with a generous annual profit-sharing contribution is provided, complemented by employer-paid life insurance and short- and long-term disability coverage. This structure strengthens long-term savings as part of total rewards.
-
Leave & Time Off Breadth — Paid time off is described as generous, starting at three weeks and rising to four weeks by year three, with paid parental leave also offered. Feedback suggests vacation and family leave policies are a notable advantage of the package.
Bessemer Trust Insights
What We Do
Privately owned and independent, Bessemer Trust is a multifamily office that has served individuals and families of substantial wealth for more than 110 years. Through comprehensive investment management, wealth planning, and family office services, we help clients achieve peace of mind for generations.
