Vice President Head of Trust Accounting

A career at Lombard Odier means working for a renowned global wealth and asset manager, with a strong focus on sustainable investing. An innovative bank of choice for private and institutional clients, our independently owned Firm is one of the best-capitalised banking groups in the world, managing close to CHF 300 billion and operating from over 25 offices across 4 continents.
 

With a history spanning over 230 years, Lombard Odier is an investment house providing a comprehensive offering of discretionary and advisory portfolio management, wealth services and custody. We also offer asset management services and investment strategies through Lombard Odier Investment Managers and provide advanced banking technology to other financial institutions.
 

“Rethink Everything” is our philosophy – it is at the heart of everything we do. We have grown stronger through more than 40 financial crises by rethinking the world around us to provide a fresh investment perspective for our clients.

Reporting to the Local Managing Director in a business-focused environment that prides itself on operational excellence, the core responsibilities will be as follows:

YOUR ROLE:

• Lead, supervise and manage a team of accountants in the preparation and completion of financial statements within the stipulated deadlines.
• Responsible for scheduling of trust financial statement production and the assigning of tasks/responsibilities to the trust accounting team.
• Responsible for ensuring any ad hoc client requests are dealt with in a timely manner in accordance with deadlines, providing accurate and meaningful information to internal and external stakeholders.
• Ensure that the trust assets inventory and valuation is updated regularly and within the established deadlines.
• Develop and streamline processes and procedures for the accounting function to ensure efficiency, accuracy and timely production of financial statements.
• Responsible for monthly reporting to management on the production of the financial statements (via dashboard reporting) and the performance of the accounting team (via periodic appraisals).
• Primary liaison/contact between the accounting team and other stakeholders (such as the trust department, external advisors and internal/external auditors) on all accounting matters.
• Oversee the effective utilization of the GP4 accounting system, liaising with the Group Client Accounting team as required, ensuring that system enhancements keep pace with the evolution of business needs.
• Oversee the annual Trustee fee billing and accounting fee billing processes.
• Responsible for the annual budgeting process as relates to accounting fees and Trustee fees.
• Act as primary coordinator for the annual Common Reporting Standard process and filings.
• Serve as the local subject matter expert in relation to the Bermuda Corporate Income Tax Act.
• Keep abreast with current accounting, tax, regulatory and other changes that may impact the financial reporting process and train, mentor and disseminate any relevant information to the accounting team and organization as a whole.
• Perform any other duties requested by management. It is understood that you may be called upon to stand in for your colleagues in the case of absences and to help whenever necessary in other sections of the Company.

YOUR PROFILE:

The Head of Accounting, Vice President role could be suited to candidates from a range of financial and professional services backgrounds. Core requirements include:

• An internationally recognized accounting qualification (CA, CPA, ACCA etc.) which includes a background in audit.
• An investments qualification such as CFA or CAIA would be highly advantageous.
• At least 5-7 years professional experience gained in public accounting or the financial services sector (banks, trust companies, asset managers, re/insurance etc.).
• At least 5 years audit experience.
• Private equity accounting experience is essential.
• Hands-on experience with the Common Reporting Standard reporting process across multiple jurisdictions would be highly advantageous.
• Project management skills.
• Sound knowledge of the Bermuda Corporate Income Tax Act is strongly desired.
• Energy, commitment and enthusiasm to learn and take on increasing responsibilities, will be vital components.
• Demonstrably strong commitment to client service and meeting deadlines.
• Good written and verbal communication skills.

ADDITIONAL SKILLS:

• Knowledge of Viewpoint or similar systems would be advantageous
• Experience with internal/external audits
• Team leadership, management and mentorship

Our Maison’s DNA is defined by five core values. Excellence drives us to be the best at what we do, while Innovation fuels our progress. Respect underpins every interaction, and Integrity shapes our actions. Together, we are One Team, united in serving our clients with unwavering dedication.

As a responsible and supportive employer, we promote a diverse and inclusive work environment for our employees and candidates. Diversity, Equity and Inclusion are woven into the fabric of our Maison’s DNA, and we strive to ensure that our employees can fulfill both their personal and professional aspirations by encouraging internal mobility and individual upskilling programs. We firmly believe that building Diverse Teams contributes to our successes and to deliver on this, we actively embed Diversity, Equity and Inclusion in our business strategy.

It is an exciting time to join our Teams. All applications will be handled in the strictest confidence.