MassHousing
Senior Relationship Manager (Multifamily)
MassHousing, Boston, Massachusetts, us, 02298
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/DMassHousing 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.
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 OrganizationMassHousing 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 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 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 - $155,147All 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
Why Work at MassHousing?
Competitive salaries
Work/Life Balance with flexible schedules and generous leave time
Comprehensive health, dental, life, and disability plans
Professional development & tuition assistance
Employer-matched deferred compensation plan
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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/DMassHousing 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.
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 OrganizationMassHousing 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 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 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 - $155,147All 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
Why Work at MassHousing?
Competitive salaries
Work/Life Balance with flexible schedules and generous leave time
Comprehensive health, dental, life, and disability plans
Professional development & tuition assistance
Employer-matched deferred compensation plan
#J-18808-Ljbffr