Director of Finance

Westport Federal Credit Union is seeking a Director of Finance to lead financial management, planning, and performance from our onsite location in Westport, MA. This role reports directly to the CEO and plays a pivotal role in safeguarding financial health while guiding strategic growth. The position is full-time with a salary of $80,000 per year. Our benefits package includes 401(k) matching, health and dental insurance, and paid time off.

Benefits

• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off

Key Responsibilities

• Direct all accounting and investment activities for the credit union.
• Oversee the investment portfolio in line with policy and regulatory requirements; optimize earnings while preserving liquidity and principal safety.
• Maintain accurate general ledger accounts with timely reconciliations and month-end closings.
• Lead budgeting, forecasting, and financial performance analysis to support strategic decision-making.
• Manage liquidity, interest rate risk, and balance sheet structure through asset/liability management (ALM); participate on the ALCO and prepare monthly reports.
• Prepare and present monthly, quarterly, and annual financial statements to the CEO, Board of Directors, and regulators as needed.
• Monitor capital adequacy and net worth ratios; ensure compliance with applicable financial regulations.
• Oversee preparation and submission of reports including ALM reports, CECL analysis, FHLB collateral reports, MSIC excess deposit reports, and NCUA 5300 Call Reports.
• Develop and oversee internal audit procedures such as vault audits, cash recycler audits, insider account reviews, loan reviews, and wire transfer logs.
• Collaborate with the CEO and leadership team to develop and execute strategic and financial plans; participate in strategic planning sessions.
• Provide financial insights and risk assessments to guide growth, pricing strategies, and product development.
• Evaluate new business opportunities, mergers, or service expansion initiatives from a financial and risk perspective.
• Serve as the accounting liaison with regulatory examiners and internal auditors.
• Lead, mentor, and develop accounting staff to ensure accuracy, efficiency, and ongoing professional growth; foster a culture of integrity and accountability.
• Develop, implement, and evaluate accounting policies and procedures; maintain strong internal controls and ensure regulatory alignment.
• Hold regular team meetings and collaborate with all departments to achieve organizational goals.

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field required.
• Strong knowledge of GAAP, ALM, investment management, and credit union financial operations.
• Minimum of 3-5 years of progressive financial management experience, preferably within a credit union or financial institution.
• Work is primarily sedentary and performed in an office environment; ability to operate standard office equipment.
• Occasional travel may be required for conferences and training.