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Bessemer Trust

Finance Associate

Posted 2 Months Ago
In-Office
New York, NY, USA
90K-120K Annually
Mid level
In-Office
New York, NY, USA
90K-120K Annually
Mid level
Supports fund, investment, and firm-level accounting for a private equity firm, including financial statements, capital accounts, capital calls, distributions, investor reporting, treasury, accounts payable, portfolio valuations, carried interest, tax compliance, budgeting, audits, and transaction-related activities. The role also helps improve finance processes, systems, reporting, and internal controls while progressively taking ownership across a lean team.
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Job Summary & Responsibilities

Bessemer Investors (“BI”) is a private equity firm focused on partnering with middle-market businesses to support growth and create lasting value. Founded in 2018 in partnership with Bessemer Securities, the family investment vehicle of the Phipps family, BI combines the capabilities of an institutional private equity firm with the benefits of patient family capital.

Bessemer Investors is a continuation of the Phipps family’s more than century-long history of private capital investing. The Phipps family, who trace their wealth back to Henry Phipps’s business partnership with Andrew Carnegie in Carnegie Steel, has a long-standing track record of establishing and supporting leading private investment firms such as Bessemer Venture Partners and Lindsay Goldberg. BI’s differentiated capital base allows us to invest with a long-term perspective without being constrained by traditional fund cycles, ensuring alignment with founders, management teams, and other shareholders.

BI invests primarily in leading businesses across the industrials, business services, and consumer sectors. The firm has a collaborative, engaged culture built around active listening, thoughtful decision-making, and a shared commitment to achieving strong outcomes.

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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Bessemer Trust New York, New York, USA Office

New York, NY, United States

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