Sate Housing Finance Agencies (HFAs)
Senior Relationship Manager (Multifamily) - MassHousing
Sate Housing Finance Agencies (HFAs), Boston, Massachusetts, us, 02298
Senior Relationship Manager (Multifamily)
Published on August 27, 2024Organization:
MassHousingLocation:
One Beacon Street, Boston, MA 02108Posting Closes:
Close of Business on September 16, 2024Website:
MassHousingPosition SummaryThe 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 ResponsibilitiesMarket 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 RequiredKnowledge 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 TrainingBachelor’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 – $155,147All 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.
#J-18808-Ljbffr
Published on August 27, 2024Organization:
MassHousingLocation:
One Beacon Street, Boston, MA 02108Posting Closes:
Close of Business on September 16, 2024Website:
MassHousingPosition SummaryThe 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 ResponsibilitiesMarket 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 RequiredKnowledge 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 TrainingBachelor’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 – $155,147All 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.
#J-18808-Ljbffr