Deputy Director of Portfolio Management

Massachusetts Housing Partnership Fund Board•Boston, MA

22h•Hybrid

About The Position

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. 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.

Requirements

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 .
Bachelor’s degree in real estate, finance, accounting, economics, business administration, or related field, or an equivalent combination of skills, knowledge and experience required.
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.

Nice To Haves

Affordability compliance experience is a plus

Responsibilities

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.