Careers at MassHousing
At MassHousing, we believe a home is more than a roof and four walls. A home is safety and security, opportunity and peace of mind. Our team of talented professionals works to ensure that all Massachusetts residents have a safe, healthy and affordable place to call home. If you share our commitment, we hope you will consider joining us.
Equal Opportunity Employer M/F/V/D
MassHousing is committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants, colleagues and partners without regard to race, color, religion, sex, pregnancy, national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, and any other characteristic protected by applicable law. MassHousing believes that diversity and inclusion among our colleagues and partners is critical to our success, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.
Current Openings
Developer - Applications
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on September 12, 2024
Website: www.masshousing.com
MassHousing is seeking a talented Developer - Applications to join a small, dedicated team making a big impact on the technology challenges facing the agency and the housing challenges facing the Commonwealth. If you are passionate about software development and want to work for an organization that is committed to making a difference in people’s lives, then we want to hear from you!
MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals.
The Organization
MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $29 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.
We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.
As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing’ s total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:
- Tuition reimbursement up to $10,000 per calendar year
- A 35-hour work week and a hybrid work schedule
- Back up Child/Elder Care
- Retirement Savings including a pension and a deferred compensation plan (with a match)
- Comprehensive health, dental and vision plans
- 12 paid Holidays per year and generous sick, vacation, and personal time
- Short-Term Disability
- Central Boston office location, convenient to public transportation and amenities on site
If you're ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch
Position Summary
The Developer - Applications is responsible for designing and implementing complex applications and systems integrations, solving challenging technical problems, and maintaining highly secure, performant, and reliable software systems.
The Developer collaborates with stakeholders to analyze requirements and develops software systems to meet both business and technical requirements. They write, test, and maintain code and participate in code reviews to deliver consistent quality across software projects. The Developer builds new systems, updates existing systems to add new features, optimizes systems for better performance and efficiency, and troubleshoots and resolves software defects. They diagnose and resolve issues with code, data, configuration, and infrastructure to support highly available production systems.
The Developer is an expert technical resource for information about agency software systems. They produce and maintain documentation for applications and contribute to team knowledge sharing.
The Developer works with cross-functional teams, including business stakeholders, other developers, business analysts, designers, software architect, QA testers, and IT operations.
Specific Duties and Responsibilities
- Creating new applications and enhancing existing applications.
- Designing, testing, debugging, and deploying applications.
- Analyzing and troubleshooting application issues.
- Leading application projects, testing applications and working with consultants.
- Maintaining documentation.
Knowledge, Skills and Abilities Required
- Object Oriented Programming.
- C#, ASP.net core, Entity Framework.
- SQL server (database design and writing queries).
- JavaScript and JavaScript frameworks such as jQuery, React, Vue.js, Angular.
- UI/UX experience around HTML, CSS, Bootstrap.
- GIT based version control.
- Development experience in Azure cloud environment.
- CI/CD experience, preferably with Azure DevOps.
- Experience working in agile environment.
- Good collaboration and communication skills.
- Positive attitude towards work assignment and learning mindset.
- Experience with Power Platform a plus.
- Familiarity with affordable housing, mortgage lending, and/or real estate a plus.
Minimum Education and Training
- Bachelor's degree in computer science or related field, or an equivalent combination of education and work experience required.
- 5+ years of experience in software development.
Salary Range: $103,312 to $134,306
All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity, and inclusion for all.
MassHousing is an Equal Opportunity Employer
Information Security Administrator
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on September 24, 2024
Website: www.masshousing.com
MassHousing is seeking a motivated and experienced Information Security Administrator who can bring a deep understanding of security, networking, and systems administration to help a small team deliver on aggressive goals. If you are excited about working with the latest technologies and want to work for an organization that is focused on helping the people of Massachusetts, then we want to hear from you!
MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals.
The Organization
MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $29 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.
We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.
As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing’ s total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:
- Tuition reimbursement up to $10,000 per calendar year
- A 35-hour work week and a hybrid work schedule
- Back up Child/Elder Care
- Retirement Savings including a pension and a deferred compensation plan (with a match)
- Comprehensive health, dental and vision plans
- 12 paid Holidays per year and generous sick, vacation, and personal time
- Short-Term Disability
- Central Boston office location, convenient to public transportation and amenities on site
If you're ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch
Position Summary
The Information Security Administrator (ISA) in IT Operations (ITOps) is responsible for technology supporting network and security infrastructure (NetSec Infrastructure). The ISA maintains and administers existing NetSec infrastructure systems, ensuring optimal operation, availability, current versioning, security compliance, problem resolution, complete and accurate documentation, and other systems administration duties as required. As the senior technical role in the Information Security section, the ISA interprets analyst, system-generated, and third-party security recommendations and findings to design and implement associated technical solutions and maintain the security of NetSec and core infrastructure systems accordingly. In line with modernization goals, the ISA works closely with IT management to identify and implement new NetSec infrastructure systems to maintain and continuously improve the security of business applications, services, and data. As a member of the Information Security section of ITOps, the ISA works closely with the other ITOps sections (Network Services, IT Support Services) to support and secure all aspects of IT operations.
Specific Duties and Responsibilities
- Develop, implement, and follow system administration plans and procedures, ensuring a strong foundation is in place to maintain and secure NetSec infrastructure systems efficiently and effectively.
- Review and evaluate existing NetSec infrastructure technology to identify opportunities to modernize, optimize, and enhance security, and implement solutions to accomplish these goals.
- Collaborate with Information Security Manager, Analysts, and third-party security partners to evaluate security findings and recommendations and plan and coordinate with relevant ITOps teams to remediate/implement.
- Collaborate with Information Security Manager, Analysts, and third-party security partners to identify and implement configurations to proactively improve and enhance NetSec and core infrastructure security.
- Design, implement, and maintain NetSec infrastructure redundancy solutions, ensuring infrastructure security is maintained and LAN/WAN connectivity is highly available and resilient to potential outages.
- Identify and review new NetSec infrastructure technology solutions, evaluate their benefits, and document and present recommendations to the Information Security team and IT management.
- Assist in the procurement process for new NetSec technology solutions by evaluating options and cost, drafting justifications, and working with management to finalize and procure.
- Design, architect, and implement new NetSec infrastructure technology solutions.
- Participate in the development of security incident response plans, collaborating with all IT departments and sections to ensure roles are understood and procedures are clear, concise, and actionable.
- Support all IT departments and sections by acting as the technical lead and escalation point for security events and incidents.
- Actively participate in knowledge transfer and mentoring with other administrators, ensuring a security mindset is developed and adequate coverage is in place for all NetSec infrastructure systems.
Knowledge, Skills and Abilities Required
- High-level knowledge, expertise, and experience related to:
- Network architecture, virtual infrastructure, system administration, and cyber security concepts.
- LAN/WAN and wireless infrastructure architecture and design, utilizing Fortinet firewalls, switching, and WAPs.
- LAN/WAN and wireless security architecture and design, utilizing Fortinet networking, VPN, ZTNA, and NAC.
- E-mail security architecture and design, utilizing ProofPoint Email Protection, TAP, TRAP, and DMARC.
- Endpoint and cloud security architecture and design, utilizing Microsoft Defender suite.
- Microsoft cloud concepts, security, and administration, with a focus on Azure networking, IaaS, PaaS, SSO, MFA, and conditional access.
- Microsoft system administration and security, including Active Directory, DNS, DHCP, and Windows Server.
- System protection and resiliency, including concepts related to disaster recovery, high availability, and system backup and restoration.
- Troubleshooting and resolving complex technical problems.
- Exceptional critical thinking and troubleshooting skills.
- Exceptional customer service skills.
- Strong verbal and written communication skills (technical and non-technical).
- Strong work ethic and the ability to work independently and as a member of a team.
- Effective time management skills.
Minimum Education and Training
- Bachelor’s degree in information technology field or equivalent work experience.
- 10+ years of work experience with Fortinet-based networking, perimeter security, and remote access.
- 10+ years of work experience with Microsoft-based system administration and security, including Windows Server, Active Directory, DNS, DHCP, and Group Policy.
- 10+ years of work experience with Microsoft-based cloud infrastructure, including Azure networking, IaaS, PaaS, and identity.
- 10+ years of work experience with e-mail security.
Salary Range: $103,312 - $134,306
All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity, and inclusion for all.
MassHousing is an Equal Opportunity Employer
Manager of Rental Underwriting – Multifamily Rental Developments
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on September 16, 2024
Website: www.masshousing.com
MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals.
The Organization
MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $29 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.
We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.
As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing’ s total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:
- Tuition reimbursement up to $10,000 per calendar year
- A 35-hour work week and a hybrid work schedule
- Back up Child/Elder Care
- Retirement Savings including a pension and a deferred compensation plan (with a match)
- Comprehensive health, dental and vision plans
- 12 paid Holidays per year and generous sick, vacation, and personal time
- Short-Term Disability
- Central Boston office location, convenient to public transportation and amenities on site
If you're ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch
Position Summary
The Manager of Rental Underwriting – Multifamily Rental Developments is primarily responsible for the direct supervision of a small group of junior and senior team members including Senior Rental Underwriters (SRU), Rental Underwriters (RU), Associate Underwriters and/or Underwriting Analysts engaged in the underwriting and closing of multifamily affordable housing financing proposals involving taxable or tax-exempt bond financing. Taxable transactions typically involve “preservation” (FFB/Treasury) or HUD MAP re-financings and may include financings utilizing 9% Low Income Housing Tax Credits (LIHTCs) as well as other loan products. Tax-exempt transactions typically involve new construction; substantial rehabilitation utilizing 4% LIHTCs and other debt, equity products.
As a senior member of the Multifamily Underwriting team, the Manager of Rental Underwriting – Multifamily Rental Developments is called upon to take a leadership role in project and program development, as well as leading deal teams of internal stakeholders to underwrite and close complex multifamily transactions. Typical collaboration includes not only working with the Borrower, but also mentoring an Underwriter and working with staff in all Multifamily (Origination, Rental Management and Rental Underwriting) plus Finance, Legal Divisions.
This position has been designated as “Flex” under MassHousing’s Alternative Work Schedule (AWS)-hybrid work model. However, during the first 90 days, the employee may be expected in the office more frequently for training and onboarding.
Specific Duties and Responsibilities
- Underwrites, closes, and manages a pipeline of multifamily loans through completion before the hand off to asset management.
- Provides guidance to Origination and Borrowers during prescreen by identifying early in the process potential issues including deal structuring, loan sizing, appraisal concerns, design, and environmental reviews.
- Approves due diligence by working directly with the assigned Appraiser and Architect to order third-party reports, while coordinating the underwriting and underwriting inputs from other MassHousing staff, including, but not limited to, Originators, Appraisers, Architects, Design and Technical, Portfolio and Asset Managers, Mortgage Credit and Capital Finance, Diversity & Inclusion and Attorneys.
- Works closely with the Director of Rental Underwriting to ensure that multifamily underwriting and loan closing issues are identified and addressed, and that loans are processed in accordance with prudent loan standards and applicable MassHousing and HUD/FHA regulations, guidelines, and policies.
- Communicates all findings to the Originator, assists in preparing the Board Proposal and is responsible for preparing the Commitment Letter. After commitment, prepares applications to HUD for applicable credit enhancement documentation and assists legal coordinating the closing of the loan by taking the lead to review and approve business due diligence. This includes leading the communication with the Borrower and internal MassHousing deal team staff.
- Provides technical expertise as assigned to evaluate existing programs and underwriting practices, the development of new multifamily business initiatives, and multifamily lending policies and procedures.
- Manages and mentors a small team of direct reports.
- Leads underwriting related cross functional teams, as assigned, such as bond issuance planning, pipeline planning, Joint Venture programmatic relationships.
- Performs other duties and responsibilities as assigned and reports directly to the Director of Rental Underwriting.
Knowledge, Skills and Abilities Required
- Exceptional critical thinking, leadership, strategic thinking, negotiation, curiosity, problem-solving and effective time management skills.
- In-depth knowledge of affordable multifamily housing, underwriting and loan closing diligence.
- Ability to work both collaboratively and independently.
- Excellent organizational, written and oral communication skills.
- Sound judgement, ability to anticipate problems and opportunities, identify, assess and take steps to mitigate risk, explore options and develop solutions.
- Ability to respond to needs of internal and external customers and key stakeholders, collaborate with co-workers and business partners, resolve conflicts effectively, and assume additional responsibility when needed.
Minimum Education and Training
- Bachelor's Degree or equivalent work experience required. Advanced degrees in Finance, Real Estate Management, Business Administration, or related field preferred.
- At least ten years of professional real estate experience and significant experience with government and private financing programs for multifamily affordable housing.
- Must have broad knowledge of government and private multifamily financing programs, including federal insurance, Massachusetts and Federal Low Income Housing Tax Credits (as well as State and Federal Historic Tax Credits, equity & loan underwriting) and affordable housing programs.
- Prior supervisory experience preferred.
Salary Range: $119,344 - $155,147
All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity, and inclusion for all.
MassHousing is an Equal Opportunity Employer
Senior Financial Accountant
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on September 20, 2024
Website: www.masshousing.com
MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals.
The Organization
MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $29 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.
We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.
As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing’ s total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:
- Tuition reimbursement up to $10,000 per calendar year
- A 35-hour work week and a hybrid work schedule
- Back up Child/Elder Care
- Retirement Savings including a pension and a deferred compensation plan (with a match)
- Comprehensive health, dental and vision plans
- 12 paid Holidays per year and generous sick, vacation, and personal time
- Short-Term Disability
- Central Boston office location, convenient to public transportation and amenities on site
If you're ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch
Position Summary
The Senior Financial Accountant is responsible for various cash and general ledger reconciliations of more complex accounts on a monthly basis and for the preparation of the quarterly and annual financial statements and supporting schedules of the Agency’s bond programs, grant programs, and/or other Agency programs, while adhering to any applicable accounting guidelines and internal controls. The Senior Financial Accountant will also serve as the main accountant of his/her designated program/s to collaborate with Finance and other departments within the Agency to ensure proper recording of all accounting transactions in the Agency’s general ledger; therefore, this individual must possess excellent analytical skills and in-depth knowledge of accounting principles. If assigned to a bond program, the Senior Financial Accountant will also collaborate with Treasury and Bond Compliance units during bond series offering and in processing debt service payments throughout the life of the bond; therefore, this role must also become thoroughly familiar with relevant bond indentures, covenants, contracts, regulatory agreements, laws and other matters to ensure Agency’s compliance with all requirements.
This position has been designated as "Flex" under MassHousing's Alternative Work Schedule (AWS)-hybrid work model. However, during the first 90 days, the employee may be expected in the office more frequently for training and onboarding. Flex means in the office at least two days a week.
Specific Duties and Responsibilities
- Reconcile various General Ledger accounts to subledgers and various complex bank accounts.
- Prepare and review general ledger entries and ensure these are posted to the general ledger in a timely manner, appropriately meeting deadlines indicated in Financial Reporting’s production calendar.
- Prepare Quarterly and Annual program financial statement package/s including all necessary lead schedules. Ensure all events are properly recorded and accounted for and properly documented.
- Prepare Annual Budget for assigned program(s), accurately and timely.
- Assist, review work, and provide guidance to junior accountants.
- Process and review debt service scheduled payments and special bond call payments, if applicable.
- Collaborate with staff in other departments within Finance and throughout the Agency to complete work assignments and lead or assist in Finance special projects and System developments that impact Program Accounting.
- Assist in documenting business and team processes and accounting policies.
- Work collaboratively with internal and external Finance partners to complete necessary work, implement processes, or resolve issues on assigned program(s).
- Perform other duties as assigned by the Financial Supervisor or Manager.
Knowledge, Skills and Abilities Required
- A strong understanding of accounting concepts.
- In-depth knowledge of financial accounting statements and business trends.
- Exceptional analytical, critical thinking, and problem-solving skills.
- Sound critical thinking skills, including the ability to exercise sound judgement, anticipate problems and opportunities, and explore options and present solutions.
- Detail oriented with strong organizational and communication skills.
- Effective time management and project management skills.
- Flexibility in a fast-paced environment with multiple, often conflicting priorities.
- Proficiency with Microsoft Suite, especially Microsoft Excel.
Minimum Education and Training
- Bachelor's degree in Business Administration, Finance, or Accounting or Bachelor's degree with equivalent work experience.
- 3-5 years general accounting, fund/investment accounting, banking experience, or other appropriate accounting experience required.
- 3-5 years of experience with automated General Ledger systems, and PC based financial spreadsheets.
Salary Range: $86,572.50 to $112,544.25
All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity, and inclusion for all.
MassHousing is an Equal Opportunity Employer
Senior Origination Analyst
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on September 16, 2024
Website: www.masshousing.com
MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals.
The Organization
MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $29 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.
We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.
As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing's total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:
- Tuition reimbursement up to $10,000 per calendar year
- A 35-hour work week and a hybrid work schedule
- Back up Child/Elder Care
- Retirement Savings including a pension and a deferred compensation plan (with a match)
- Comprehensive health, dental and vision plans
- 12 paid Holidays per year and generous sick, vacation, and personal time
- Short-Term Disability
- Central Boston office location, convenient to public transportation and amenities on site
If you're ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch
Position Summary
The Senior Origination Analyst is responsible for assisting the Origination Manager and Relationship Managers/Originators in reviewing affordable multifamily loan proposals and providing detailed and high-level analysis for the Rental Business Development Division.
Specific Duties and Responsibilities
- Reviewing loan information submitted by potential borrowers, inputting loan data into origination/underwriting model, conducting financial analysis and proposing alternative financing scenarios if necessary, and drafting a number of important documents including Term Sheets, conceptual loan proposals, and Board Summaries.
- Serving as a liaison to both external and internal business partners and taking responsibility for obtaining, understanding and analyzing data and related mortgage information from property owners and other third-party sources.
- Communicating with potential borrowers and requesting information as needed. S/he may initiate calls and/or attend meetings to review preliminary loan information including sources and uses, income and expense statements, market information and other documents.
- Developing relationships with potential borrowers to support RBD colleagues who are primary points of contact in preliminary loan review and structuring.
- Administering the origination/underwriting model to ensure accurate analysis and loan structuring.
- Maintaining a positive rapport with borrowers and other stakeholders and ensuring appropriate communications regarding the evaluation and eventual approval of loan transactions. Internally, the Analyst collaborates frequently with Rental Underwriting staff as well as Asset Management and Legal staff.
- Performing a wide variety of special assignments, including but not limited to research on industry and MassHousing business metrics, the creation of analytical tools, assisting in the creation and management of mission driven lending/grant programs and any other assignments that may emerge as part of business development or loan processing.
- Performing other duties as assigned.
Knowledge, Skills and Abilities Required
- Knowledge of basic financial and financial analysis principles.
- Strong work ethic and the ability to work independently with minimal supervision, and as a member of a team.
- Strong interpersonal and communication skills.
- Excellent organizational and analytical skills with a high-level of attention to detail.
- Effective time management and project management skills.
- Proficiency with Microsoft Office Suite; preference for candidates with demonstrated command of Excel for the creation of complex spreadsheet tracking tools.
- Ability to multi-task and manage a high-volume workload accurately and effectively.
Minimum Education and Training
- Bachelor's degree in Finance, Real Estate Management, Business Administration, or related field, or equivalent work experience.
- Four to seven years of substantive experience in finance or real estate.
- Demonstrated history of academic success and professional development.
Salary Range: $80,493 - $104,641
All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity, and inclusion for all.
MassHousing is an Equal Opportunity Employer
Senior Relationship Manager (Multifamily)
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on September 16, 2024
Website: www.masshousing.com
MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals.
The Organization
MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $29 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.
We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.
As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing’ s total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:
- Tuition reimbursement up to $10,000 per calendar year
- A 35-hour work week and a hybrid work schedule
- Back up Child/Elder Care
- Retirement Savings including a pension and a deferred compensation plan (with a match)
- Comprehensive health, dental and vision plans
- 12 paid Holidays per year and generous sick, vacation, and personal time
- Short-Term Disability
- Central Boston office location, convenient to public transportation and amenities on site
If you're ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch
Position Summary
The Senior Relationship Manager (Multifamily) is responsible for management of borrower relationships as well as supervision of a small team in originating multifamily debt financing opportunities for the Agency. They will conduct outreach that complements and expands current business development efforts and utilizes prior relationships and contacts developed during previous job experiences. In addition, they will maintain and nurture relationships with a portfolio of existing borrowers.
As a senior member of the Rental Business Development team, the Senior Relationship Manager (Multifamily) is called upon to take a leadership role in project and program development and management, leading teams of internal stakeholders on complex rental transactions. Additionally, the Senior Relationship Manager (Multifamily) will manage a small group of junior team members including Originators and Origination Analysts.
Working with others in Rental Business Development, Rental Underwriting, Rental Management and Legal, the Senior Relationship Manager (Multifamily) will structure transactions that meet the needs of the borrower and reflect MassHousing underwriting standards. They will remain current about changes in the housing, community development and multifamily lending industries and will participate in external events to promote MassHousing’s role in affordable housing throughout the Commonwealth.
Specific Duties and Responsibilities
- Market MassHousing's multifamily loan products to both existing and potential borrowers.
- Management of staff including but not limited to project oversight, workload management, staff development and annual performance reviews with scheduled one-on-one meetings throughout the year.
- Develop and maintain relationships with those existing and potential borrowers and serve as the primary point of contact as they develop their transaction pipelines.
- With the assistance of Origination Analysts, source, pre-screen, analyze and structure potential loans. Develop and present Term Sheets on debt offerings to borrowers. Serve as the primary contact with borrowers throughout the loan origination process.
- Work collaboratively with the Rental Underwriting, Rental Management and Legal divisions during the underwriting and closing process. Present transactions to the MassHousing Board and Subcommittees of the Board for approval.
- Monitor borrowers' MassHousing loan portfolios and pro-actively initiate discussions regarding refinancing opportunities.
- Coordinate and support new product initiatives.
- Perform special assignments and other duties as requested.
Knowledge, Skills and Abilities Required
- Knowledge of real estate finance fundamentals and financial analysis principles.
- Strong work ethic and the ability to work independently with minimal supervision, and as a member of a team.
- Strong interpersonal, written, and oral communication skills.
- Excellent organizational and analytical skills with a high-level of attention to detail.
- Ability to multi-task while managing a high-volume workload accurately and effectively.
Minimum Education and Training
- Bachelor's Degree or equivalent work experience required. Advanced degrees in Finance, Real Estate Management, Business Administration, or related field preferred.
- Ten years of substantive experience in real estate finance and/or real estate.
- Knowledge of tax credit equity, government and private lending platforms, including credit enhancement and rental subsidy programs preferred.
- Demonstrated history of academic success and professional development.
Salary Range: $119,344 - $155,147
All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity, and inclusion for all.
MassHousing is an Equal Opportunity Employer