- Senior
- Bureau à Boston
Title: Manager of Program Accounting
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on 9/12/2025
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 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 and Long-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 www.masshousing.com/workwithus.
Position Summary
The Manager of Program Accounting (“Manager”) oversees the general ledger (GL) accounting function to ensure the accurate and timely preparation of the financial statements and is responsible for training and cross-training the Financial and Senior Financial Accountants to ensure proficiency in all functional areas. This role reviews various program packages and workpapers quarterly and annually, evaluates significant account reconciliations and accounting transactions, and maintains the GL structure, including chart of accounts, coding, policies, procedures, and internal controls. The Manager also collaborates across departments to align financial reporting and processes with new business activities and system workflows. This position reports to the Assistant Comptroller.
All positions at MassHousing require a customer service mindset in accordance with our values: Respect, Service, Empathy, Accountability, Collaboration, and Inclusion.
MassHousing operates under a hybrid work model; therefore, employees are expected to work on-site according to a schedule determined in collaboration with their manager and based on the needs of the role. To support effective onboarding, new employees may be required to work in the office more frequently during their first 90 days.
Essential Functions
Financial Reporting
• Manage monthly and quarterly financial reporting schedules and deliverables
• Review various financial reporting packages, including those related to bond and grant programs, for accuracy and completeness
• Develop new financial reporting packages as new programs are developed and internal companies are developed
• Oversee monthly cash and loan receivable reconciliations of the Working Capital Fund
• Review journal entries and accounting transactions to ensure completeness and accuracy
• Monitor and review bond-related cash flow activity and debt service payment calculations
• Ensure accurate recording of complex transactions, including bond issuances and redemptions
• Oversee monthly subledger interfaces and ensure proper integration into financial records
• Monitor arbitrage rebate calculations performed by external partners and conduct high-level reviews
• Review interim arbitrage rebate calculations and quarterly swap valuation reports
• Ensure all non-trustee bank accounts are assigned, reconciled monthly, and appropriately maintained
• Confirm all required manual journal entries are posted as needed
• Develop, implement, and maintain accounting policy and procedures and identify opportunities for process improvements
• Oversee external financial reporting by preparing and reviewing quarterly financial statements, annual audit materials, year-end reports and schedules, and coordinating related financial system close activities and deadlines
Accounting Operations and Financial Analysis
• Propose journal entries for the GL based on financial activity and reporting needs
• Review cash flow projections and internal budgets
• Support internal reporting and contribute to financial analysis efforts
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
• Provide coaching, counseling, and corrective action (when necessary) to staff
• Foster a culture that reflects MassHousing’s mission and values
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
• Promptly report any security events, incidents, or weaknesses to MassHousing’s Information Security Team
Minimum Qualifications
• Bachelor’s degree in accounting or commensurate work experience
• 3+ years of people management experience
• 10+ years of experience in a large financial institution, nationally recognized credit review organization, or CPA firm
• High level of proficiency with Microsoft Excel and other Microsoft office tools. Prior general ledger experience, including interfaces with supporting subsystems and report writing tools.
• Eligibility to work in, and travel freely to and from, the United States without sponsorship
Preferred Qualifications
• Master’s in Business Administration (MBA)
• Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Government Financial Manager (CGFM), or Chartered Financial Analyst (CFA)
• Knowledge of the housing finance industry
Essential Characteristics
• Energetic team player who takes initiative and has a dedicated focus on quality
• Excellent organizational skills and strong attention to details
• Strong financial and analytical capabilities
• Excellent oral and written communication skills
• Effective time management skills and the ability to multi-task
Salary Range: $119,344.28 - $155,147.57
MassHousing is an Equal Opportunity Employer
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