Senior Underwriting Analyst presso MassHousing

Title:  Senior Underwriting Analyst

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 Senior Rental Underwriting Analyst assists senior members of the underwriting team in reviewing affordable multifamily loan proposals and provides detailed and high-level analysis for the Rental Underwriting Division. This role supports prescreen analysis, underwriting, and closing of loans using both taxable and tax-exempt sources of capital. The Senior Rental Underwriting Analyst also supports other MassHousing programs, and the transactions financed through those programs, such as the BILD program (including the Momentum Fund equity and FORGE debt) and the multifamily activities of the Massachusetts Community Climate Bank. This position reports to the Manager of Underwriting or Senior Manager of Underwriting.

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

Loan Review and Analysis

• Review loan information submitted by potential borrowers and prescreened underwriting model prepared by origination
• Conduct financial analysis, propose alternative financing scenarios where necessary, and provide feedback to the underwriter on important documents including Term Sheets, conceptual loan proposals, and Board Summaries
• Administer the origination and underwriting model and corresponding database updates to ensure accurate analysis, loan structuring and reporting

·       Initiate calls and attend meetings to review preliminary underwriting loan information including sources and uses, income and expense statements, cash flows, mortgage credit, design and technical, market information, and other documents

Underwriting and Loan Closing

• Assist Rental Underwriting colleagues in coordinating with borrowers, internal deal teams, and technical experts during prescreen, underwriting, commitment, initial loan closing, construction monitoring, lease-up, loan modification recommendations, and final closing(s)
• Foster positive relationships with borrowers, internal deal teams, and other key stakeholders, ensuring timely, consistent, and appropriate communications across all phases of the loan cycle

Special Projects

• Execute 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 debt and grant programs and any other assignments that may emerge as part of Multifamily and Agency business
• Assist with data updates, modeling, or data reporting projects where necessary
• Perform other job-related duties as assigned

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 Finance, Business Administration, or related field, or equivalent work experience
• ·       3+ years of substantive experience in real estate or finance
• ·       Proficiency with Microsoft Office Suite
• ·       Eligibility to work in, and travel freely to and from, the United States without sponsorship

Preferred Qualifications

• ·       3+ years of substantive experience in multifamily finance or real estate development 
• ·       Demonstrated command of Excel for the creation of complex spreadsheet tracking tools
• ·       Solid understanding of financial modeling and analysis principles

Essential Characteristics

·       Strong critical thinking and analytical mindset with proven problem-solving abilities and meticulous attention to detail

·       Exceptional written and oral communication along with interpersonal skills that support collaboration with key stakeholders

·       Team player with a strong work ethic and the ability to work independently with minimal supervision

·       Comfortable multitasking in a high-volume environment, adjusts quickly to shifting priorities, and manages time efficiently with a demanding workload

Salary Range: $80,493.30 - $104,641.29

MassHousing is an Equal Opportunity Employer