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
Assistant Comptroller
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on 7/12/2022
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 $27.5 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 Assistant Comptroller will assist the Comptroller in managing the accurate and timely preparation of the Company's internal and external financial reporting, ensuring GAAP compliance including research of technical issues and support of financial audits. Works closely with Internal Audit, Financial Reporting, Operations, and other departments in achieving these goals. Leads the day-to-day accounting operations and serves as a back-up to the Comptroller in all capacities. This position will assist the Comptroller, as required, in his/her interaction with Independent Public Accountants, Actuaries, Internal and External legal counsel, the MassHousing Investment and Audit Committee, the OPEB Committee, and various Senior Managers and staff of MassHousing.
Specific Duties and Responsibilities
- Review the numbers and footnote disclosures presented in MassHousing's Financial Statements prior to approval by the Comptroller.
- Validate that information is consistent with recent financial statements and is consistent with current business operations.
- Review of MassHousing's Ginnie Mae, Mortgage Insurance Fund, Affordable Housing Trust Fund, OPEB, and SEFA audit reports annually and FAF every three years.
- Assist the Comptroller with management of the daily work from Accounting Operations.
- Establishment of MassHousing Loan Loss. Review loss model and exception schedules, review and discuss model results with Comptroller for discussion with Senior Management within the Rental group. Adjust assessment as needed based on input and data support.
- Work with Comptroller on engagement letters with Auditors.
- Work with Comptroller to establish agendas and meeting dates for Investment and Audit Committee and OPEB Committee.
- Work with Comptroller on new GASB pronouncements and their implementation.
- Perform other related duties as necessary or assigned.
Knowledge, Skills and Abilities Required
- Professional certification - CPA is a plus.
- Sound knowledge of financial and accounting processes, specifically budgeting and reporting.
- Familiarity with Generally Accepted Accounting Principles (GAAP) and regulations.
- Excellent organizational skills and the ability to multitask.
- Excellent verbal and written communication skills and demonstrated ability to communicate effectively.
Minimum Education and Training
- Bachelor's degree in Accounting required
- 10 years minimum experience in Financial Statement preparation
- 10 years minimum experience in review of Financial Statements including note disclosures and MD&A
- 5 years minimum experience in understanding of Real Estate Transactions
Salary Range: $137,081 - $178,206
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.
This position has been designated as "Flex" under MassHousing’s Alternative Work Schedule (AWS)-hybrid work model which means; employee is in the office at least eight days a month.
As a condition of employment, successful applicants will be required to be fully vaccinated against COVID-19 or have an approved exemption as of their start date. Details relating to demonstrating compliance with this requirement will be provided to applicants selected for employment. Applicants who receive an offer of employment who can provide documentation that the vaccine is medically contraindicated or who object to vaccination due to a sincerely held religious belief may make a request for an exemption.
MassHousing is an Equal Opportunity Employer
Senior Rental Underwriter
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on 6/29/2022
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 $27.5 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 Rental Underwriter (SRU) is primarily responsible for the direct supervision of assigned Rental Underwriters (RU) 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). Tax-exempt transactions typically involve new construction; substantial rehabilitation or FHA Tax Credit Pilot Program financings utilizing 4% LIHTCs.
Specific Duties and Responsibilities
- The SRU will underwrite and close their own portfolio of rental loans.
- The SRU (or RU) will provide technical guidance to the Rental Lending Originator in prescreening transactions by identifying early in the process potential issues including deal structuring, loan sizing, appraisal concerns, design and environmental reviews.
- Upon application/engagement, the SRU (or RU) commences the due diligence process 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; Appraisers, Architects, Energy & Environmental Specialist, 504/ADA Coordinators, Portfolio and Asset Managers, Mortgage Credit and Diversity & Inclusion Professionals and Attorneys.
- The SRU works closely with the Manager of Rental Underwriting to ensure that underwriting 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.
- The SRU (or RU) communicates all findings to the Rental Lending Originator and assists in preparing the Board Proposal and is responsible for preparing the Commitment Letter. After commitment the SRU prepares applications to HUD for applicable credit enhancement commitments (HUD/HFA Risk Sharing, FHA mortgage insurance, etc.) and assists legal coordinating the closing of the loan by taking the lead to review and approve business due diligence and communicating with the Borrower and internal MassHousing deal team staff.
- The SRU is especially proficient in the underwriting and processing of Risk Sharing and FHA-insured transactions for existing portfolio re-financings and new Agency business.
- The SRU is also responsible for assisting in the evaluation of existing programs and underwriting practices, the development of new multifamily business initiatives, and establishment and maintenance of multifamily lending policies and procedures.
- The SRU will perform other duties and responsibilities as assigned and reports directly to the Manager of Rental Underwriting.
Knowledge, Skills and Abilities Required
- Exceptional critical thinking, negotiation, problem-solving and effective time management skills.
- 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 responds 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
- Master's or professional degree or equivalent work experience required.
- HUD-approved MAP underwriter (or commitment to training/testing for the designation) preferred.
- At least five years of substantial experience in the financing or asset management of multifamily apartment properties.
- Must have broad knowledge of government and private financing programs, including federal insurance and subsidy programs.
- Prior supervisory experience preferred.
- Excellent written and oral communication skills required.
Salary Range: $114,710 - $149,123
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.
This position has been designated as “Flex” under MassHousing’s Alternative Work Schedule (AWS)-hybrid work model which means; employee is in the office at least eight days a month.
As a condition of employment, successful applicants will be required to be fully vaccinated against COVID-19 or have an approved exemption as of their start date. Details relating to demonstrating compliance with this requirement will be provided to applicants selected for employment. Applicants who receive an offer of employment who can provide documentation that the vaccine is medically contraindicated or who object to vaccination due to a sincerely held religious belief may make a request for an exemption.
MassHousing is an Equal Opportunity Employer
What our team is saying
"Working at MassHousing gives me a strong sense of purpose, as well as the ability to grow and use my skills in an impactful way. I take pride in knowing that I am a trusted and valued advisor, who provides assurances on governance, risk and control activities. Management's receptiveness to creative solutions, drive for efficiency and unwavering desire to continuously improve its people and the work we do, makes MassHousing a workplace that aligns with my personal and professional values."
–Cynthia F., Internal Audit
"I enjoy our shared purpose and commitment to providing our customers with shelter and some sense of normalcy. It’s nice to witness the empathy and devotion of staff as we work toward a common goal."
–Ricky O., Rental Underwriting
"There are many benefits to working at MassHousing such as career advancement, job stability and a safe working environment. Most importantly, I work with a great group of colleagues and managers. We all work together as a family and a united team with the same goals and mission to serve our customers with respect, integrity and satisfaction. MassHousing is a workplace that feels like home."
–Charlene H., HomeOwnership
"One goal I dreamed about while in college was to work for an organization for my entire career in Accounting and Finance. I am happy to say that MassHousing has fulfilled my dream. One does not remain with an organization for over 32 years if it did not challenge the individual while providing a progressive supportive environment that encourages and promotes employee development...I have heard that we spend about 90,000 hours at work over the course of our lifetime. It becomes easy when you consider the people you work with family."
–Sam J., HomeOwnership
"In my five years at MassHousing, I have enjoyed a very supportive team and great work environment. MassHousing supports my growth as a professional, an individual and an employee by providing generous benefits, including tuition reimbursement for courses relevant to the mission of creating and preserving housing. The company values your growth and input and is always looking for new ways to integrate new ideas and methods in daily operations."
–Christina K., Rental Management
"A job at MassHousing is not just a job. It is good work in a very professional environment, and it is professional work that does good to people in the Commonwealth. We are the state's affordable housing lender, we are creative and competitive. What makes us unique is our commitment to serve the underserved. What I love most about my job at MassHousing is knowing that, at the end of the day, my work contributes to the success of a first-time homebuying family somewhere in Massachusetts."
–Mounzer A., HomeOwnership
"I enjoy working at MassHousing because I enjoy helping others...As a parent, the flexibility allows me to create a schedule that works for both my personal and professional life. MassHousing is not just a place for opportunity, it is also a place of hope."
–Mircia K., Rental Management
"I love working at MassHousing mostly because I get to do interesting work that is meaningful to our society. I didn't feel that way in my previous professional roles, and so I don't take it for granted. Plus, a lot of really interesting people work at MassHousing…I've already met lifelong friends here. I also feel I can be myself in my role, and that people have gone out of their way to support me in both my career and personal life. I’m grateful for that."
–Ryan S., Rental Underwriting
"The thing I enjoy most about working at MassHousing is the dedication and expertise the staff has in meeting the housing challenges facing Massachusetts residents. The foundation of everything we do is the people we serve. To be part of such a noble and important mission is what makes working at MassHousing far more than just a job. It's very satisfying to see and hear the stories of Massachusetts residents who have been able to grow and prosper because they have an affordable home and economic opportunity."
–Tom F., Communications
"Although I have only been employed here for one year, I already feel a strong commitment and dedication to the Agency and to my team. MassHousing strives to provide the very best services to our lenders, customers and to their employees. It is a rewarding feeling to know you are giving the best customer service to your borrowers every day, especially in these trying economic times. I know I have made a great choice in joining MassHousing!"
–Michelle K., HomeOwnership
"I believe a home should be a happy place where you can live, learn and laugh. MassHousing has been a special home for me. I’ve had the good fortune to be in different roles at MassHousing that have truly challenged me to be a better person in so many ways, all the while working with exceptional people who sincerely believe that MassHousing is here to improve the lives of people. If ‘home is where the heart is’, then my home is MassHousing."
–Paul H., Information Technology