S&W has been retained by MassHousing (www.masshousing.com) to lead the search and selection process for the organization’s next Senior Director of Finance.
Created by the state legislature in 1966, MassHousing is a quasi-public agency with the mission of improving the lives of the people of Massachusetts by providing financing for affordable housing. The primary business model of the organization is as a spread lender, raising capital by selling bonds, and using the proceeds from those bond sales to finance low- and moderate-income housing options. As the housing crisis in parts of Massachusetts accelerates, the work being done by MassHousing continues to take on greater meaning. The largest portion of MassHousing’s portfolio is in multifamily development, whereby the organization provides financing directly to developers who either build or preserve affordable or mixed-income rental housing. Additionally, the organization maintains a network of conduit banks throughout the Commonwealth for the purpose of financing single family homes. MassHousing both sells these loans to the secondary market servicing retained and manages its own portfolio of approximately $7.1B in loans. As the organization has grown in size, complexity, and in recognition of its capabilities, so have the programs that it administers and initiatives that it leads, including but not limited to The Massachusetts Community Climate Bank (“MCCB”). The MCCB was formed to accelerate investments to decarbonize the state’s building sector and promote an equitable transition to clean energy.
Reporting to the Chief Financial and Administrative Officer, the Senior Director of Finance will join a highly motivated, diverse, and collaborative workforce of approximately 350 professionals. This hands-on and highly visible leadership role will primarily oversee the functions of the Finance Division but will also be involved in a broad array of initiatives shaping the important work being done by MassHousing. We are seeking highly skilled and accomplished finance leaders in greater Boston for this unique opportunity.
For additional information, or to arrange a confidential conversation, please contact a member of the S&W Search Team: Cameron Boyd, Managing Partner (cboyd@smithandwilkinson.com), Julia Crouter, Associate (jcrouter@smithandwilkinson.com), or Felicia O’Reilly, Analyst (foreilly@smithandwilkinson.com).