SVP, Director of Accounting

Dedham, MA

AJ Consultants has been retained by Dedham Savings ($2.4B mutual bank) to assist in securing the Bank’s next Director of Accounting. This is an exciting opportunity to join dynamic community Bank that is committed to respecting its culture while also embracing the opportunities that being a mutual afford us. Dedham Savings believes innovation and a focus on outstanding financial performance, benefits the Bank’s clients, communities, and employees well into the future, by promoting financial strength and success in the people and businesses we serve. Dedham Savings prides itself on an inclusive environment where every voice is heard and where differences are valued, powering a workplace that promotes teamwork, innovation, and transparency.

Reporting to and partnering with the CFO/COO (Mark Ingalls), the Director of Accounting will be responsible for the Bank’s entire accounting and finance function including a team of four accounting professionals.

I am actively scheduling exploratory calls with potential candidates this week and next. Should you or anyone you know be interested in learning more please contact me directly:

B.J. Berrettini

[email protected]


Job Description

SVP, Director of Accounting

Department: Accounting and Finance Date: April 2024

Reports To: EVP,CFO/COO


At Dedham Savings, we believe that being here for the journey means supporting our customers every day in a friendly and professional manner every day. While our employees are committed to helping our customers, we are committed to our employees. After all, we wouldn’t have made it 192 years without them! To support our employees, we offer a competitive benefit package with Medical, Dental, Vision, Flexible Spending, Tuition Reimbursement, Retirement, Life Insurance, and many other benefits.

The Senior Vice President, Director of Accounting directs the day-to-day operations of and manages the accounting and financial reporting functions of the Bank. The Director of Accounting oversees the preparation and review of all regulatory reports, and monthly and annual financial reports, and manages the annual budget process. This role manages the accounting team and has responsibility for the Purchasing Department.


  • Manage Accounting/Finance Department including planning, assigning, and directing work; appraising performance; addressing complaints and resolving problems.
  • Research and interpret new accounting and regulatory pronouncements. Determine their financial and operational impact on the organization.
  • Develop and implement new accounting policies and procedures within the organization by working with other business line leaders where necessary.
  • Review and revise accounting policies and procedures when changes are warranted.
  • Ensure the daily, month-end, and yearend accounting processes for all entities.
  • Review financial results for reasonableness. Investigate and report on variances.
  • Lead the month-end closing meeting by reviewing and discussing results with CFO/COO.
  • Oversee the production of management, board, and regulatory financial reports.
  • Ensure the timely and accurate filing of all regulatory reports including but not limited to: FDIC Call Report, and quarterly DIF reports.
  • Coordinate the production of annual audited financial statements and footnotes with external auditors.
  • Collaborate with the CFO/COO in the preparation of the annual budget.
  • Work with business line leaders in determining where expenditures should be appropriately allocated or budgeted.
  • Produce a budget for accounting/finance, balance sheet, and certain corporate expenditures.
  • Assist business line leaders in researching budget variances as needed.
  • Supervise the production of investment reporting for EC and BOD.
  • Work with Investment vendors to adhere to Bank policies are adhered and improve operating and cost efficiencies.
  • Ensure investment accounting practices follow current GAAP.
  • Assist Internal Audit with the management of the Bank’s FDICIA program by ensuring that business line leaders have reviewed their financial controls for accuracy.
  • Provide accounting guidance in the treatment of non-accrual, individually assessed loans and real estate owned.
  • Perform the quarterly ACL reserve calculation and related reports.
  • Ensure that accounting software and vendors are appropriate for the size and complexity of the organization.
  • Research new software and vendors and make recommendations to change or acquire when needed.
  • Oversee the implementation/conversion of software when necessary.
  • Oversee the calculation of the daily cash position and monitor the reserve requirement to ensure adequate reserves are maintained.
  • Provides ALM data to Bank’s ALM third-party service provider to produce a quarterly ALM report package. CFO/COO provides oversight to the process, which includes reviewing key assumptions and model construction to ensure IRR, Liquidity, and Capital risks are appropriately measured.
  • Monitor FHLBB collateral levels to ensure access to liquidity. Works with CFO/COO to secure wholesale funds as needed.
  • Work with the Bank’s external tax preparers in the computation of income tax accruals and preparation of various federal and state tax returns; review returns for accuracy.
  • Work with Bank’s external tax preparers to compute quarterly tax estimates and transmit tax payments to appropriate tax authorities on a timely basis.
  • Oversees tax filing related to non-payroll tax withholdings, such as use tax and deposit account backup withholdings.
  • Work with Bank’s external tax preparer to resolve discrepancies or findings brought to Management’s attention by tax authorities.
  • Work with the Bank’s office supply, printing, and mail vendors along with the Bank’s expense management consultant to improve service quality and improve cost efficiency.
  • Oversees the activities of the accounting staff. Develops and ensures their effectiveness by providing educational, training, and special project opportunities to the staff. Conducts performance reviews, and provides advice and guidance as needed.
  • Ensures that departmental operations comply with applicable laws, regulations, and accounting standards.
  • Enforce policies concerning payments for operating costs and capital expenditures. Ensure processes and internal controls related to expense disbursements are commensurate for a bank of its size and scope of operations.
  • Continuously researches opportunities to improve efficiencies within the department or organization.
  • Financial liaison to regulatory examiners, external auditors, and tax advisors. Manage the production of documents required by such third parties.
  • Understand department operating metrics and continue to improve bank efficiencies.
  • Performs any functions necessary, within the scope of authority and expertise, to provide the highest level of service and responsiveness to internal Bank customers.
  • Exhibit ability and desire to embrace and enhance the Dedham Savings culture.
  • Adhere to the Bank’s privacy and data security policies including but not limited to safeguarding of sensitive information and complying with relevant regulations to protect non-public information.




Four direct reports

Consider this description to be the foundation of your job, not its boundaries. Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the client.


To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


  • Master’s degree – Accounting or Finance and CPA certification preferred.
  • Ten or more years of progressively responsible related experience.
  • Ability to multi-task while adhering to strict deadlines.
  • Ability to interpret emerging regulatory and accounting guidance and their impact on the Company.
  • Excellent written and verbal communication skills.
  • Proactive analytical thinking and problem-solving ability.
  • Ability and desire to mentor staff.
  • Ability to use Microsoft Office.


The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle or feel, reach with hands and arms; and talk or hear. The employee is occasionally required to stand and walk. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, peripheral vision, and ability to adjust focus.


The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.


Dedham Savings is committed to providing equal opportunity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, age, marital status, national origin, physical or mental disability, veteran or disability status, gender identity, or expression, citizenship, genetic information, ancestral origin, military status, pregnancy, childbirth, and or conditions relating to pregnancy or any other related medical conditions or any other status protected by Federal, State or local laws.

Here at Dedham Savings we strive to foster a culture where every voice is valued and where employees have a sense of belonging and connection with each other. We are dedicated to creating a work environment that understands, supports, and welcomes diverse perspectives and backgrounds. Together, we will create an inclusive and culturally competent and supportive environment where employees model behavior that enriches both Dedham Savings and the communities we support.


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