Finance Associate

Bessemer Trust

$90K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, economics, or related field.
  • 2-4 years of relevant experience, in public accounting or private equity finance preferred.
  • Familiarity with private equity or venture capital accounting is highly desirable.
  • Knowledge of financial reporting, fund accounting, and investment valuation is advantageous.
  • Strong Excel skills and familiarity with financial reporting systems are essential.

Responsibilities

  • Prepare S. GAAP financial statements and maintain capital accounts for investment-related entities.
  • Support capital call and distribution processes including carried interest calculations.
  • Assist with quarterly investor reporting and preparation of related metrics and letters.
  • Support treasury activities, recording transactions and maintaining documentation.
  • Coordinate accounts payable processes, including vendor onboarding and invoice management.
  • Participate in quarterly portfolio valuation and preparation of related memos.
  • Help enhance finance processes, systems, and internal controls as BI grows.

Benefits

  • Participation in a 401(k) program with generous profit-sharing contributions.
  • Medical, dental, and vision insurance coverage.
  • Life and disability insurance.
  • Paid holidays, vacation, and sick time.
  • Opportunities for professional development and growth within a collaborative team environment.
Full Job Description
The Opportunity

Bessemer Investors is seeking a Finance Associate to join its growing finance team in New York. The Finance Associate will work closely with the firm's Senior Finance Associate and Chief Financial Officer and will have broad exposure to the firm's financial, accounting, investment, and operational activities.

This is a hands-on role on a lean team and offers significantly broader exposure than a traditional fund accounting position. The Finance Associate will develop experience across fund and investment accounting, investor reporting, portfolio valuation, transaction execution, tax, treasury, and firm-level finance, while working closely with BI's investment professionals.

The successful candidate will initially support a range of finance workstreams and will be expected to take increasing ownership as they develop familiarity with the firm and its investments. The role is well suited for a highly motivated finance or accounting professional seeking to build a broad foundation within private equity alongside a growing private equity platform.

Key Responsibilities

  • Prepare and maintain S. GAAP financial statements, partners' capital accounts, and related accounting records for fund, GP, and investment-related entities.
  • Support capital call and distribution processes, including investor allocations, carried interest calculations and waterfalls, and preparation of investor
  • Assist with quarterly and other investor reporting, including preparation of investor letters, portfolio company data, investment performance metrics, and investor-level portfolio
  • Support treasury activities, including recording cash receipts and disbursements, initiating wires and internal transfers, and maintaining appropriate supporting documentation.
  • Coordinate accounts payable and expense processes, including vendor onboarding and invoice review and payment.
  • Participate in BI's quarterly portfolio valuation process, including supporting the preparation and review of quarterly valuations and memos.
  • Support the maintenance and preparation of realized and unrealized carried interest
  • Coordinate with the Bessemer Securities tax team and BI's tax advisor on partnership tax compliance, including review of tax returns and Schedule K-1s.
  • Support firm-level budgeting, forecasting, management reporting, and other financial analyses, including information provided to Bessemer Securities.
  • Assist with annual audits and other recurring financial, accounting, compliance, and reporting
  • Support BI's investment professionals on transaction-related matters, including investment structuring, deal diligence, closing processes, and regulatory
  • Help enhance BI's finance processes, systems, reporting, and internal controls as the firm grows.

Candidate Profile

The ideal candidate will combine a strong accounting and analytical foundation with intellectual curiosity, attention to detail, and a willingness to operate across a broad range of responsibilities. Given the size of the team, the successful candidate should be hands-on, collaborative, and interested in developing beyond a narrowly defined accounting role.

Education and Experience

  • Bachelor's degree in accounting, finance, economics, or a related field.
  • Approximately 2-4 years of relevant professional experience, which may include public accounting, private equity or venture capital finance, and fund administration.
  • Experience with or exposure to private equity, venture capital, or other alternative investment fund accounting is strongly preferred.
  • Exposure to general ledger accounting, fund accounting, management company accounting, financial reporting, investment performance reporting, tax, or valuation is beneficial.
  • CPA designation or meaningful progress toward a CPA is beneficial but not required.
  • Strong Microsoft Excel skills and comfort working with financial reporting systems and AI large language models.

Personal Attributes

  • Detail-oriented, organized, and committed to producing accurate, high-quality work.
  • Intellectually curious and interested in developing broad expertise across private equity finance, accounting, and investment activities.
  • Proactive, collaborative, and willing to take ownership of responsibilities in a lean, entrepreneurial environment.
  • Able to manage multiple priorities and work effectively in a fast-paced setting.
  • Strong written and verbal communication skills.
  • High degree of integrity, judgment, and professionalism.

The base salary range for this position is $90,000- $120,000 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.

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