Rental Business Development - Senior Origination Analyst

Job Type
Finance/Accounting/Lending
Organization
MassHousing
Contact Name
Contact Phone
Address

One Beacon Street
Boston, MA
United States

Job Description

Since its inception in 1966, MassHousing has supported affordable home ownership and rental housing opportunities throughout Massachusetts. The Agency has provided more than $25 billion for affordable housing in that time. Currently, MassHousing is seeking an experienced professional for the position of Senior Origination Analyst to continue the Agency’s storied history of affordable housing funding.

General Summery

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. S/he 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 required; preference for candidates with degrees in Finance, Real Estate Management, Business Administration, or related field.
  • Two years of professional mortgage loan, underwriting or housing finance experience required. 
  • Demonstrated history of academic success and professional development.

 

Salary Range: $78,915 - $102,590

 

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.

 

This position has been designated as “Flex” under MassHousing’s AWS-hybrid work model.

 

As a condition of employment, successful applicants will be required to have received a COVID-19 vaccination or an approved exemption as of their start date. Details relating to demonstrating compliance with this requirement will be provided to applicants selected for employment. Applicants who receive an offer of employment who can provide documentation that the vaccine is medically contraindicated or who object to vaccination due to a sincerely held religious belief may make a request for exemption. 

Application Instruction

MassHousing offers competitive compensation as well as an attractive benefits package. Serious candidates should forward a letter of interest and a resume to MassHousing at https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch.

 

MassHousing is an Equal Opportunity Employer.