Bessemer Trust is seeking a talented Credit Analyst to join the Municipal Bonds group.  The primary focus of this role will be the enhancement of the technological capabilities of the credit research team as well as ongoing surveillance of municipal bond holdings across the platform.  The analyst will also work closely with the trading desk to identify value in the sector(s) covered and will be expected to coordinate sales of potentially deteriorating credits. In addition, the analyst will assume a generalist role on the team, covering the selection of bonds across multiple sectors and providing sound quantitative and qualitative credit analysis in a timely manner to meet market-driven deadlines.  The group invests exclusively in investment grade municipal securities.

Job Description:

• Develop technological process enhancements via data analysis, spreadsheet and database management, etc.
• Perform ongoing surveillance of all platform holdings in the coverage universe.
• Keep abreast of industry, economic, regulatory and rating-agency events that could have an impact on Bessemer municipal bond holdings.
• Work with municipal portfolio managers to identify relative value based on historical trading relationships as well as economic, demographic, or governmental trends.
• Provide timely decisions in a fast-paced, market-driven environment.
• Participate in special projects as required, including the preparation of internal and external credit publications.
• As required, provide credit and structure evaluation of new issues and secondary offerings and present findings to the portfolio management team.  Purchase and sale recommendations to encompass both qualitative and quantitative factors.

Qualifications:

• 3 – 5 years experience as a municipal bond credit analyst.  Credit rating agency or bond insurer experience is a plus, as is prior experience with the municipal healthcare sector.
• Effective written and verbal communication skills with the ability to present a recommendation and rationale in a succinct manner.
• Ability to work independently and as part of a team.
• Excellent interpersonal skills.
• Entrepreneurial spirit a plus; willingness to explore and execute upon technological enhancements to improve efficiencies.
• Excellent quantitative skills including demonstrable expertise with Bloomberg, Excel, Word, and PowerPoint.  SQL experience is a plus.

The base salary range for this position is $90,000.00 - $115,000.00. 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.

Securities licenses will not generally be obtained or maintained unless deemed by Bessemer Trust to be required in order for you to perform the responsibilities of this position.

About Bessemer Trust
Bessemer Trust is a leading multifamily office, overseeing more than $200 billion in assets for 3,000 individuals and families of substantial wealth. Its 1,200 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 117 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.