Careers at MassHousing

Associate Attorney

MassHousing seeks an entry-level Attorney to provide legal counsel to MassHousing business lines responsible for originating/structuring real estate transactions and protecting the Agency’s financial interests in such transactions. Draft legal documents and research real estate, tax, and statutory issues. Draft contracts relating to other MassHousing business and provide guidance regarding policies and procedures. The selected candidate will report to the agency’s General Counsel and will work closely with other attorneys and paralegals in the department.

Qualifications

J.D. from accredited law school, admitted, or eligible for admission, to the Massachusetts bar, and superior academic credentials. Familiarity with real estate or commercial transactions, single-family mortgage regulation/foreclosure, and governmental programs preferred, as are excellent analytical, writing, and communication skills.

MassHousing is a mission-driven, quasi-public agency that offers competitive compensation as well as an attractive benefits package. Serious candidates should send a letter of interest and a resume to Human Resources, MassHousing, One Beacon Street, Boston, MA 02108 or email to jobs@masshousing.com and must complete the assessment at https://assess.predictiveindex.com/3LmZL.

Salary: $97,354 - $126,560

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service.

MassHousing is an Equal Opportunity Employer. 

Attorney

MassHousing seeks an experienced Attorney to join its in-house legal department, which provides legal services with respect to all aspects of the agency’s single-family and multi-family mortgage lending business. The Legal Department provides transactional legal services, advises on administrative law and regulatory matters, provides corporate legal and governance services, prepares and negotiates contracts, and provides advice and legal services relating to the preparation and interpretation of the agency’s policies and procedures. The selected candidate will report to the agency’s General Counsel and will work closely with other attorneys and paralegals in the department.

Qualifications

J.D. from accredited law school, admitted, or eligible for admission, to the Massachusetts bar, and superior academic credentials. 4-7 years’ experience with sophisticated real estate or commercial transactions, municipal finance and/or single-family mortgage regulation/foreclosure is required, as are excellent analytical, communication and negotiation skills.

MassHousing is a mission-driven, quasi-public agency that offers competitive compensation as well as an attractive benefits package. Serious candidates should send a letter of interest and a resume to Human Resources, MassHousing, One Beacon Street, Boston, MA 02108 or email to jobs@masshousing.com and must complete the assessment at https://assess.predictiveindex.com/3LmZL.

Salary: $97,354 - $126,560

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service.

MassHousing is an Equal Opportunity Employer. 

Senior Rental Underwriter

Since its inception in 1966, MassHousing has supported affordable home ownership and rental housing opportunities throughout Massachusetts. The Agency has provided more than $22 billion for affordable housing in that time. Currently, MassHousing is seeking an experienced professional for the position of Senior Rental Underwriter to continue the Agency’s storied history of affordable housing funding.

The Senior Rental Underwriter leads a team of assigned Rental Underwriters, Associate Underwriters and/or Analysts who prescreen, underwrite and close multifamily loan transactions involving taxable or tax-exempt bond financing. S/He reports directly to the Manager of Underwriting. The Senior Rental Underwriter works closely with Originators, Portfolio Managers and Legal to provide credit and structuring recommendations to meet Agency requirements relative to best practices, standards and Policy and Procedures.

More specifically, the Senior Rental Underwriter is responsible for the following:

• Prescreen, underwrite and close portfolio of complex multifamily loan transactions
• Oversee development of underwriters, associates and analysts through on-going leadership, mentoring and career development planning
• Provide technical expertise on all loan products and types of transactions
• Provide strategic recommendations and solutions to Manager of Underwriting
• Collaborate with internal staff including, but not limited to, legal, finance, origination, design & construction, rental management and loan servicing
• Deliver excellent customer service to staff and business partners under tight deadlines
• Perform other duties and responsibilities as assigned

Knowledge, Skills and Abilities Required

• Exceptional critical thinking, negotiation, problem-solving and effective time management skills
• Highly developed analytical skills
• Ability to multi-task, work both collaboratively and independently under minimal supervision
• Excellent organizational, written and oral communication skills
• Responsive with ability to anticipate problems and opportunities
• Broad knowledge of tax credit equity, government and private debt lending programs, including credit enhancement and rental subsidy programs

Minimum Education and Training

• Master’s or professional degree or equivalent work experience required
• FHA Multifamily Underwriter training/certification required
• HUD-approved MAP underwriter preferred
• At least seven years of substantial experience in the debt financing, equity investment and/or asset management of affordable rental housing properties
• Excellent written and oral communication skills required
• Prior supervisory experience preferred

Salary: $102,811 – $131,084

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service.

MassHousing offers competitive compensation as well as an attractive benefits package. Serious candidates should send a letter of interest and a resume to Human Resources, MassHousing, One Beacon Street, Boston, MA 02108, or faxed to 617.624.9494, or emailed to jobs@masshousing.com. Please share in your cover letter how or from whom you heard about this career opportunity.

MassHousing is an Equal Opportunity Employer. 

Subsidy Loan Analyst

Since its inception in 1966, MassHousing has supported affordable home ownership and rental housing opportunities throughout Massachusetts. The Agency has provided more than $22 billion for affordable housing in that time. Currently, MassHousing is seeking an experienced professional for the position of Subsidy Loan Analyst to continue the Agency’s storied history of affordable housing funding.

The Subsidy Loan Analyst is responsible for the processing and recording of incoming and outgoing federal and state funds. This individual will assist in bank reconciliation activities, general ledger coding, calculate and adjust interest, enter monthly transactions and adjustments to escrow accounts, calculate HUD administration fees, and prepare monthly billings and reports. The Subsidy Loan Analyst may develop and maintain policies and procedures and make recommendations to improve internal controls. In addition, the Subsidy Loan Analyst may provide training and perform other duties as assigned.

More specifically, the Subsidy Loan Analyst is responsible for the following:

• Reviewing, recording, and processing federal and state funds
• Managing and updating Loan Servicing reports
• Processing monthly escrow interest
• Reviewing and authorizing the release of monthly bills and reports
• Assisting with bank reconciliation and general ledger coding
• Performing other duties as assigned by the Supervisor or Manager of Loan Servicing

Qualifications

Bachelor's degree in Accounting or related field and 2-3 years of related work experience. Knowledge of basic accounting and financial principles. Experience with automated transaction processing and reporting systems. Excellent communication, interpersonal, organizational, writing, and analytical skills. Effective problem-solving and project management skills. Demonstrated ability to multi-task and manage a high-volume workload accurately and effectively under specified time frames. Strong work ethic and the ability to work independently with minimal supervision, and as a member of a team. Proficiency with Microsoft Office Suite, especially Microsoft Excel.

Salary: $55,805 - $71,152

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service.

MassHousing offers competitive compensation as well as an attractive benefits package. Serious candidates should send a letter of interest and a resume to Human Resources, MassHousing, One Beacon Street, Boston, MA 02108, or faxed to 617.624.9494, or emailed to jobs@masshousing.com. Please share in your cover letter how or from whom you heard about this career opportunity.

MassHousing is an Equal Opportunity Employer.