Bessemer Securities Corporation - Investment Operations Manager bei Bessemer Securities Corporation

Founded in 1911, Bessemer Securities Corporation (BSC) is a private family investment company (also called a “family office”) owned by descendants, and trusts for the benefit of the descendants, of Henry Phipps. The Company, which is composed of approximately 25 professionals working in finance, operations, legal and Bessemer Investors, engages in a variety of investment activities and maintains a diverse portfolio.  Bessemer Trust, a leading multifamily office with a shared history, provides office facilities, banking and business services to our Company, including information technology and human resources support.

Bessemer Securities Corporation is seeking an Investment Operations Manager to support the buildout of the BSC Operations team and advance the organization’s technology roadmap. In the initial phase, the Investment Operations Manager will partner with the Head of Operations and other key stakeholders to implement new core systems and design workflows that enhance BSC’s operational infrastructure. Following the successful implementation of these systems, the Operations Manager will oversee daily investment accounting activities and be responsible for the sign-off of monthly performance returns within BSC’s data aggregation and reporting platform. The role will also support data management and governance initiatives across BSC’s systems and data warehouse to ensure the accuracy and consistency of information.

The Operations Manager will work closely with key stakeholders across the Bessemer Group, including Accounting, Finance, Investments, Legal, and Technology to ensure seamless integration and alignment with the firm’s objectives.  Additionally, the role will include meaningful interactions with General Partner relationships to ensure timely and accurate reporting, among other interactions.

Responsibilities:

Investment Accounting & Oversight

• Oversee accurate investment performance returns by capturing, validating, and reconciling all capital calls, distributions, valuations, fees, and other transaction activity across BSC Private Investments
• Partner with Controllership team to support the timely and accurate accounting period close process across BSC entities
• Manage and respond to ad hoc data and reporting requests from the investment team and other BSC stakeholders
• Coordinate with custodians, fund administrators, and internal accounting teams to reconcile investment data within investment accounting system

Data Governance

• Serve as the data steward across BSC investment systems and data warehouse, ensuring data integrity, consistency, and accuracy across positions and security masters
• In collaboration with the Bessemer Trust Data Governance Team, implement governance controls to proactively spot data outages and variances across investment positions and cash balances to mitigate operational risks

Systems Implementation & Change Management

• Partner with the Head of Operations and Technology teams to execute the technology roadmap, ensuring alignment with evolving business needs.
• Institute continuous improvement methodologies to optimize processes, reduce complexity, and maintain agility in adopting to evolving business needs.
• Identify, develop, and implement process improvements to enhance key operational and financial processes.

General Partner Interactions

• Work alongside investment team and legal counsel to onboard new private investments within portfolio
• Oversee the capture of statements and other GP reporting deliverables from third-party portals and emails

Qualifications:

• Minimum 7 Years of relevant experience within Financial Services industry
• Proven experience supporting daily investment accounting of alternative investments (Private Equity, Hedge Funds, and other LP investment vehicles)
• Experience working in a family office, multi-family office, RIA, or fund administrator
• Understanding of data governance framework
• Prior history supporting systems implementation and change management projects
• Preferred experience working with private investment document extraction systems such as Arch and Canoe
• Investment Operations​ knowledge of a performance reporting system is a plus, i.e. Addepar, Black Diamond, Advent, Clearwater, among others
• Demonstrated ability to work collaboratively across functional teams
• Degrees with concentrations in Accounting, Finance, and/or Business Administration preferred

The base salary range for this position is $140K - $180K. 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 bonus 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 covering and paid holidays, vacation, and sick days.