Recurring Payments Analyst

The Finance Business Services Group at Bessemer Trust is recruiting to fill a Bank Operations Analyst position. The core responsibilities of Bank Operations are providing accurate, secure, and efficient execution of the firm's day-to-day cash transactions. In addition to transaction processing, Bank Operations partners closely with client advisors and technology teams to improve workflows, enhance operational efficiency, and support a high-quality client experience. The successful candidate will have the following responsibilities and qualifications.

Responsibilities

• Process and monitor recurring cash transactions, ensuring timely and accurate execution in accordance with client instructions
• Handle check deposits, including verification, posting, and reconciliation of incoming funds
• Issue and process official checks, ensuring proper authorization, documentation, and delivery
• Review transactions for accuracy and completeness, resolving discrepancies and exceptions as needed
• Maintain detailed records of all transactions in accordance with internal policies and audit standards
• Partner with client service teams and other internal groups to address inquiries and support client requests
• Ensure adherence to regulatory requirements, risk, controls, and operational procedures
• Identify opportunities to improve processes, increase efficiency, and reduce operational risk
• Willing to work overtime and maintain in-office flexibility as business needs require

Qualifications

• Bachelor's degree in a related field (or equivalent experience)
• 1-3 years of experience in banking operations, cash management, or a related role
• Strong attention to detail and organizational skills
• Ability to manage multiple tasks in a deadline-driven environment
• Solid understanding of banking processes and transaction workflows preferred
• Proficiency in Microsoft Office and familiarity with banking systems
• Execute responsibilities with a sense of urgency, accuracy, and priority
• Strong interpersonal skills to work well in a team environment

Additional Information

• Location: Woodbridge, New Jersey
• Technical proficiency: Must be proficient in Microsoft Suite applications.
• System familiarity: Required to become acquainted with Bessemer applications upon hire, training provided.
• Preferred qualifications: Candidates with experience with bank operations

The base salary range for this position is $60,000 - $80,000 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.

About Bessemer Trust

Bessemer Trust is a family office, overseeing more than $250 billion in assets for over 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 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.