Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on September 16, 2024
Website: https://www.masshousing.com
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 yearA 35-hour work week and a Hybrid work scheduleBack up Child/Elder CareRetirement Savings including a pension and a deferred compensation plan (with a match)12 paid Holidays per year and generous sick, vacation, and personal timeShort-Term DisabilityCentral Boston office location, convenient to public transportation and amenities on sitePosition Summary
The Senior Origination Analyst is responsible for assisting the Origination Manager and Relationship Managers/Originators in reviewing affordable multifamily loan proposals and providing detailed and high-level analysis for the Rental Business Development Division.
Specific Duties and Responsibilities Reviewing loan information submitted by potential borrowers, inputting loan data into origination/underwriting model, conducting financial analysis and proposing alternative financing scenarios if necessary, and drafting a number of important documents including Term Sheets, conceptual loan proposals, and Board Summaries.Serving as a liaison to both external and internal business partners and taking responsibility for obtaining, understanding and analyzing data and related mortgage information from property owners and other third-party sources.Communicating with potential borrowers and requesting information as needed. May initiate calls and/or attend meetings to review preliminary loan information including sources and uses, income and expense statements, market information and other documents.Developing relationships with potential borrowers to support RBD colleagues who are primary points of contact in preliminary loan review and structuring.Administering the origination/underwriting model to ensure accurate analysis and loan structuring.Maintaining a positive rapport with borrowers and other stakeholders and ensuring appropriate communications regarding the evaluation and eventual approval of loan transactions. Internally, the Analyst collaborates frequently with Rental Underwriting staff as well as Asset Management and Legal staff.Performing a wide variety of special assignments, including but not limited to research on industry and MassHousing business metrics, the creation of analytical tools, assisting in the creation and management of mission driven lending/grant programs and any other assignments that may emerge as part of business development or loan processing.Performing other duties as assigned.Knowledge, Skills and Abilities Required Knowledge of basic financial 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 and communication skills.Excellent organizational and analytical skills with a high-level of attention to detail.Effective time management and project management skills.Proficiency with Microsoft Office Suite; preference for candidates with demonstrated command of Excel for the creation of complex spreadsheet tracking tools.Ability to multi-task and manage a high-volume workload accurately and effectively.Minimum Education and Training Bachelor's degree in Finance, Real Estate Management, Business Administration, or related field, or equivalent work experience.Four to seven years of substantive experience in finance or real estate.Demonstrated history of academic success and professional development.Salary Range: $80,493 – $104,641
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.
MassHousing is an Equal Opportunity Employer
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