Deputy Director of Portfolio Management in Boston, Massachusetts at MHP - Massachusetts Housing Partnership

About Us: Massachusetts Housing Partnership (MHP) is a quasi-public organization that expands access to affordable housing and promotes housing equity in communities across the Commonwealth. Founded in 1985, MHP is now a 70+ employee organization that has delivered $6.5 billion in below-market financing for affordable housing and currently has $1.2 billion in assets under management.

Every action MHP takes, whether it’s a loan, grant, professional assistance, or development of state or local policy has the underlying goal of expanding housing opportunities for Massachusetts residents.

Current Opportunity: We are seeking a Deputy Director of Portfolio Management ("Deputy Director") who will act as a partner to the Director of Portfolio Management, supporting team leadership, decision-making, and follow-through on portfolio management priorities. This position is ideal for a senior commercial real estate lender and senior asset manager seeking to apply their deep expertise in a mission-driven non-profit organization and be a part of a dedicated team of real estate professionals.

This role combines staff supervision, credit -risk management and cross-team coordination and direct portfolio oversight. In coordination with the Director of Portfolio Management, the Deputy Director will supervise and mentor senior portfolio managers in the successful administration of their portfolio responsibilities. Additionally, the Deputy Director will be responsible for proactively managing a select, complex portfolio of multifamily mortgages, lines of credit and any other forms of financing provided by MHP. The next Deputy Director will have demonstrated competencies in managing borrower relationships, conducting credit reviews and site inspections, addressing performance and payment issues, and preparing workout, collection, and refinance plans.

At MHP, staff engagement, inclusion and belonging are integral to everything we do. We value individuals who are intentional about fostering inclusive environments and who recognize the power of diverse perspectives. The person in the Deputy Director of Portfolio Management position is expected to embody these values not only in their work but in how they build relationships, make decisions, and contribute to a supportive team culture.

What You'll Do: In this role, you’ll play a critical leadership and oversight function within Portfolio Management, handling complex work while supporting team development and operational excellence. Your key responsibilities will include:

• Serve as a people manager for portfolio management staff, providing direct supervision, performance coaching, and day-to-day guidance while reinforcing accountability and excellence in how complex loans are managed.
• Manage a select, complex portfolio of loans.
• Serve as a senior point of contact with internal teams and external stakeholders on complex portfolio matters.
• Oversee and support portfolio management staff in the preparation of workout and restructuring analyses and strategies; participate in borrower negotiations as delegated; and support the Director of Portfolio Management and General Counsel in presenting recommendations for approval and executing approved workout plans.
• Support the preparation of internal and external reports, including Board reporting, and required reporting to funding partners such as banks, HUD, FHFA/Fannie Mae, and state agencies.
• Actively participate for internal committees that review loan requests.
• Promote operational excellence through oversight of Portfolio Management workflows, data quality, and documentation standards.
• Identify. recommend and implement process improvements that enhance efficiency, consistency, risk management, and audit readiness across the Portfolio Management function.
• Support the Director of Portfolio Management in maintaining strong internal controls related to portfolio data, reporting, and compliance.

Compensation: The budgeted compensation for this role is $150,000 to $165,000. Any final offer will be based on various factors including job-related knowledge, skills, competencies, and experience. The listed range is just one component of MHP's total compensation package for employees.

Benefits our employees value: MHP understands that benefits are an important consideration when looking for a new role. We are proud to offer our employees a comprehensive benefits package including:

• Hybrid and flexible work schedule
• Health insurance through the state’s Group Insurance Commission
• 403b retirement plans and employer match of up to 10% and immediate vesting
• Annual 5-week paid time off (PTO) benefit and 13 paid holidays
• Fully paid group term life, short-term and long-term disability insurance
• Dental insurance through MetLife with 90% of premium covered by MHP
• Vision insurance through VSP with 50% of premium covered by MHP
• Medical and dependent care Flexible Spending Accounts
• Public transportation reimbursement
• Tuition reimbursement up to $10,000
• Professional development resources and assistance
• First time homebuyer assistance up to $20,000
• Generous home office benefit
• Membership discount for onsite gym

Hybrid Schedule Policy: The Deputy Director role is designated as Hybrid, combining both in-office and remote workdays. Due to the supervisory responsibilities of this position, the Deputy Director is expected to be in the office at least two days per week with one in-office day being the designated team day. The position utilizes an MHP-issued laptop, which must be transported to and from the office.

MHP is conveniently located minutes from South Statin.

VISA: Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

MHP supports equal opportunity employment and all employment-related decisions are made in compliance with federal and state laws.

Knowledge, Experience and Skills: The successful candidate will bring the skills and experience described below, supporting success in this role:

• Demonstrated ability to supervise, coach, and develop professional staff by setting clear expectations, managing workloads, providing feedback, and fostering an inclusive, accountable, and high-performing team environment.
• Strong professional judgment in managing complex, high-risk portfolio matters, with the ability to balance policy, risk, and organizational priorities and provide clear, well-reasoned guidance to leadership and stakeholders.
• Proven ability to collaborate across functions, communicate complex financial and risk information clearly, and support operational excellence through process improvement, internal controls, documentation standards, and audit readiness
• 10+ years of progressively responsible experience in multifamily financing to both for-profit and non-profit borrowers, including experience with loan administration/portfolio management and loan workouts.
• Strong risk management, loan management and portfolio governance skills.
• Working knowledge of federal programs, such as LIHTC, Section 8 and HOME.
• Working Knowledge of multi-family real estate finance and funding.
• Effective communication skills, with the ability to present information clearly, influence stakeholders, and produce high-quality written materials.
• Strong analytical skills and comfort working with data, financial models, and portfolio management systems .
• Affordability compliance experience is a plus
• Bachelor’s degree in real estate, finance, accounting, economics, business administration, or related field, or an equivalent combination of skills, knowledge and experience required.

Travel: Travel will be required within Massachusetts. A current driver’s license and/or access to reliable transportation is required in order to attend site visits as well as local and MHP events throughout the state.