Originator

About the role

MassHousing will confront the Commonwealth's housing challenges to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $30 billion for 92,000+ rental units and 90,000+ 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.

Responsibilities

The Originator identifies and originates multifamily debt financing opportunities for the Agency. In addition to supervising a small team of Analysts, this role conducts strategic outreach to drive business development, leverages established industry relationships, and maintains strong engagement with a portfolio of existing borrowers.

• Business Development: Assist efforts to market MassHousing's multifamily loan products to existing and potential borrowers, support the monitoring of MassHousing loan portfolios and proactively initiate discussions about refinancing opportunities, and stay current on housing, community development, and multifamily lending trends.
• Loan Origination and Structuring: Serve as the primary contact with borrowers throughout the loan origination process, develop and present Term Sheets on debt offerings to borrowers, and present transactions to the MassHousing Board and its subcommittees for review and approval.
• Relationship Management: Collaborate with Rental Underwriting, Legal, and Rental Management throughout the underwriting and closing process to structure transactions that meet borrower needs and reflect MassHousing underwriting standards, and work closely with internal stakeholders to balance team workload and growth opportunities for direct reports.
• People Management: Recruit, develop, and retain staff to ensure productivity and engagement, engage in performance manager activities such as goal setting, performance evaluations, development planning, and continuous feedback to develop staff and achieve Agency goals, and provide coaching, counseling, and corrective action (when necessary) to staff.
• Security: Comply with MassHousing's Information Security Program and all other Agency information security policies and procedures, take responsibility for any Agency assets assigned to you, and promptly report any security events, incidents, or weaknesses to MassHousing's Information Security Team.
• Additional Duties: Perform special assignments and other duties as requested.

Requirements

• Bachelor's degree in Finance, Real Estate, Urban Development, Public Policy or a related field, or equivalent work experience.
• 5+ years of substantive experience in affordable housing finance or affordable housing development.
• Solid understanding of real estate finance fundamentals and financial analysis principles.
• Demonstrated history of academic success and professional development.
• Eligibility to work in, and travel freely to and from, the United States without sponsorship.

Preferred Qualifications

• Advanced degree in Finance, Real Estate Management, Business Administration, or related field.
• Knowledge of tax credit equity, government, and private lending platforms, including credit enhancement and rental subsidy programs.

Essential Characteristics

• Strong work ethic and the ability to work independently with minimal supervision and collaboratively within a team.
• Exceptional oral and written communication with comfortability in communicating at all levels of the Agency.
• Excellent organizational skills and strong attention to detail.
• Comfortable multitasking, adjusts quickly to shifting priorities, and manages time efficiently in a fast-paced environment.

Benefits

MassHousing's total compensation package features an outstanding set of employee benefits, including but not limited to:

• Tuition reimbursement up to $15,000 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.

Pay

Salary Range: $103,312.74 - $134,306.46.