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Multifamily Risk Management Jobs in Massachusetts

Walkerdunlop

Affordable Asset Manager

Needham, MA · Hybrid

... management capacity, and relevant market data. * Assess deal structure, risk exposure, and overall investment viability. * Manage the financial and operational performance of an assigned multifamily ...

Walkerdunlop

Asset Manager, Surveillance

Needham, MA · Hybrid

$80K - $90K/yr

... the GSE multifamily portfolio. You will evaluate property performance, lead proactive risk ... Perform surveillance, risk assessment, and ongoing risk management for assigned loans, including ...

Walkerdunlop

Asset Manager, Surveillance

Needham, MA · Hybrid

$80K - $90K/yr

... the GSE multifamily portfolio. You will evaluate property performance, lead proactive risk ... Perform surveillance, risk assessment, and ongoing risk management for assigned loans, including ...

Harbor Group Management

Groundskeeper

Marlborough, MA · On-site

$15.75 - $20.25/hr

Multifamily Status: Non - Exempt JOB SUMMARY: This role is responsible for maintaining the ... Participate in safety and risk management meetings and training in compliance with OSHA and company ...

CHARLESGATE

HOA Portfolio Property Manager

Boston, MA · On-site

Risk management of their portfolio * Oversight of management of the physical buildings within their ... multifamily commercial real estate - property management & leasing, sales brokerage, investment ...

CHARLESGATE

HOA Portfolio Property Manager

Boston, MA · On-site

$70K - $90K/yr

Risk management of their portfolio * Oversight of management of the physical buildings within their ... multifamily commercial real estate - property management & leasing, sales brokerage, investment ...

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Multifamily Risk Management information

What is multifamily risk management?

Multifamily risk management involves identifying, assessing, and mitigating potential risks that can impact multifamily properties, such as apartment complexes or condominiums. This includes addressing financial, operational, regulatory, and environmental risks to ensure the property's value and profitability are protected. Professionals in this field work to minimize losses from events like natural disasters, tenant issues, legal liabilities, and market fluctuations by implementing insurance strategies, compliance measures, and proactive maintenance plans.

What are common challenges faced in a Multifamily Risk Management role and how can they be addressed?

Professionals in Multifamily Risk Management often encounter challenges such as assessing diverse property risks, staying current with regulatory changes, and coordinating with multiple stakeholders like property managers, lenders, and insurance providers. Addressing these challenges requires strong analytical skills, clear communication, and ongoing education on industry standards and compliance. Building strong relationships with team members and external partners, as well as leveraging technology for risk assessment, can help streamline processes and mitigate potential issues.

What are the key skills and qualifications needed to thrive in Multifamily Risk Management, and why are they important?

To excel in Multifamily Risk Management, you need expertise in real estate finance, property analysis, and risk assessment, typically supported by a degree in finance, business, or a related field. Familiarity with risk modeling software, property management systems, and industry certifications like ARM (Accredited Residential Manager) are valuable. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart. These competencies are critical for identifying, mitigating, and communicating potential risks to protect asset value and ensure regulatory compliance in multifamily housing portfolios.

What is the difference between Multifamily Risk Management vs Multifamily Underwriting?

AspectMultifamily Risk ManagementMultifamily Underwriting
Primary FocusIdentifying and mitigating risks related to multifamily property investments and operationsAssessing financial viability and determining loan or investment terms for multifamily properties
Required CredentialsRisk management certifications, property management experience, knowledge of insurance and safety protocolsFinancial analysis certifications, real estate licenses, underwriting training
Work EnvironmentProperty sites, insurance companies, risk consulting firmsBanking institutions, lending departments, real estate investment firms

While both roles involve multifamily properties, Multifamily Risk Management focuses on minimizing risks associated with property operations and safety, whereas Multifamily Underwriting concentrates on evaluating financial risks to determine loan or investment terms.

What are popular job titles related to Multifamily Risk Management jobs in Massachusetts? For Multifamily Risk Management jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Multifamily Risk Management jobs in Massachusetts look for? The top searched job categories for Multifamily Risk Management jobs in Massachusetts are:
What cities in Massachusetts are hiring for Multifamily Risk Management jobs? Cities in Massachusetts with the most Multifamily Risk Management job openings:
Multifamily Risk Management jobs near you

Construction Risk Manager

Ascent Developer Solutions

Boston, MA • On-site

$110K - $140K/yr

Other

Posted 2 days ago

Job description

The Role. 

As a Construction Risk Manager team member, you will play a pivotal role in the success of our high-value residential construction projects, primarily focused on our Production Homebuilding, Build-to-Rent, and Multifamily products. This position encompasses pre-construction budget review, plan review, risk assessments, and post-closing construction draw management, with a specific focus on driving efficiency through technology adoption. Your expertise in construction lending and streamlining business processes is critical to the feasibility and financial health of our projects. Your ability to collaborate effectively with diverse stakeholders and your deep understanding of construction projects will contribute to Ascent's operational excellence. 

The Work. 

  • Streamline processes to decrease turn times for reviews, ultimately improving the overall customer experience.  
  • Assess project feasibility, plans, construction budgets, risk factors, and borrowers' development experience, applying Ascent's guidelines to recommend an appropriate level of loan approval. 
  • Contribute to decision-making for projects ranging in value from $1 million to $50 million, ensuring they meet stringent financial, regulatory, and investment criteria. 
  • Provide strategic insights that drive the company's growth and enhance its competitiveness in the market, ensuring cost-effectiveness and operational excellence. Stay informed about market trends, construction costs, and regulatory changes affecting the construction and banking industries. 
  • Consult with Sales and Credit teams to package appropriate solutions to meet the needs of the borrower while ensuring profitable outcomes for Ascent. 
  • Monitor the performance of the construction loan portfolio, identifying and addressing any emerging risks or issues. 
  • Assist in the implementation of robust policies and procedures, underwriting parameters, and in-house disbursement servicing operations. 
  • Engage and manage outside vendors in cost reviews, inspections, and fund control while supporting a large, diverse construction loan portfolio.  
  • Conduct site visits as necessary to assess project progress and ensure compliance with loan conditions. 
  • Review portfolio reporting mechanisms to improve decision-making and accountability in asset performance. 
  • Assist in the adoption of data analytics in construction risk management, contributing to a more informed and proactive approach to risk mitigation. 
  • Participate in day-to-day operations of the (pre-closing budget review) and post-close (rehab draw administration), ensuring compliance with internal policies. 
  • Demonstrate high ethical standards and professionalism when handling significant financial transactions and sensitive information. 
  • Ability to visit job sites to perform construction progress inspections, as needed. 
  • Ability to visit prospective sponsors for on-site meetings and meet with sponsors in person, as needed. 

Your Skills and Experience. 

  • 5+ years of experience in construction management or real estate lending within the finance industry. 
  • Experience communicating and collaborating with internal and external stakeholders. 
  • Proficiency in relevant software such as construction management software (e.g., TrustPoint, Procore), and general office software (e.g., Microsoft Office Suite). 
  • Strong analytical and decision-making abilities. 
  • Experience successfully multi-tasking and prioritizing work. 
  • Experience consistently meeting deadlines in a fast-paced environment. 

The Pay 

Salary range is $110,000-$140,000 per year, with a discretionary bonus of 20% per year. 

The Work Environment. 

  • This role works on-site from Ascent's Boston office, Monday - Thursday (Fridays are work-from-home). 

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