Corporate Accounting Associate

bessemer; Port Reading (NJ); On-site; USD 85,000 - 105,000; Full time

Benefits offered by this job

Discretionary annual bonus

401(k) with profit sharing

Tuition reimbursement

Job summary

Bessemer Trust seeks a Corporate Accounting Associate to support the close processes for bank subsidiaries and key financial statement line items such as investments, leases, and pensions.

The role involves preparing US GAAP financial statements, footnotes, and annual report disclosures, while contributing to control certifications and regulatory reporting. CPA is beneficial and Oracle ERP experience is a plus.

Qualifications

• Bachelor's degree in Accounting required.
• 2+ years experience in financial services accounting or auditing.
• Big 4 public accounting experience beneficial.
• CPA license beneficial.
• Strong knowledge of Excel.
• Strong communication and interpersonal skills.
• Experience with Oracle ERP beneficial.

Responsibilities

• Owns banking subsidiary close processes with a Corporate Accounting Manager.
• Accounts for key line items: investments, leases, pensions.
• Assist with third-party valuation and goodwill accounting.
• Prepare US GAAP financial statements and footnote disclosures for annual report.
• Contribute to control certification processes.
• Prepare materials for the Board of Directors.
• Assist regulatory reporting for bank subsidiary call reports.

Skills

Excel

Communication

Detail-oriented

Interpersonal skills

Education

Bachelor's degree in Accounting

CPA license beneficial

Tools

Oracle ERP

Job description

Bessemer Trust is seeking a talented Corporate Accounting Associate to join the Corporate Accounting Department. The ideal candidate would have accounting or auditing experience, financial services industry experience, and a strong understanding of the financial statement close process and controls. This role will report into a Corporate Accounting Manager and will have wide exposure to our accounting processes.

The Corporate Accounting Associate will be responsible for:

• Working with a Corporate Accounting Manager on the accounting close processes for certain bank subsidiaries
• Accounting for key financial statement line items, including investments, leases, and pensions
• Assist with third-party valuation processes and accounting for goodwill
• Assist in financial statement and footnote compilation for both our US GAAP financial statements and our annual report
• Contribute meaningfully to our control certification processes
• Prepare certain materials reported to the Board of Directors
• Becoming technically proficient in regulatory reporting, including preparation of bank subsidiary call reports

The ideal candidate will have the following attributes:

• Bachelor's degree in Accounting
• 2+ years of experience with financial services accounting and/ or auditing
• Big 4 public accounting experience beneficial
• CPA license is beneficial
• Strong knowledge of Excel
• Strong communication and interpersonal skills, with the ability to build relationships across departments
• Excellent attention to detail and highly motivated
• Experience with Oracle ERP is beneficial

The base salary range for this position is $85,000.00 - $105,000.00. Actual salaries will vary and will be based on various factors, such as skills, experience, and qualification for the role. It is not typical for offers to be made at or near the top of the range.

In addition, this position may be eligible for a discretionary incentive based on individual and company performance.

Eligible employees may participate in a 401 (k) program with a company profit sharing contribution, medical, dental, vision, life insurance and disability coverage and paid holidays, vacation, and sick days.

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 Atlantic, 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.
• To learn more about Bessemer Trust.

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.