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Investment Banking Associate

About MassDevelopment:

Massachusetts Development Finance Agency (MassDevelopment), the state’s development finance agency and land bank, works with businesses, nonprofits, banks, and communities to stimulate economic growth across the Commonwealth. During FY2021, MassDevelopment financed or managed 416 projects generating investment of more than $1.86 billion in the Massachusetts economy. These projects are estimated to create or support 6,578 jobs and build or preserve 1,909 housing units.

Why join our team?

MassDevelopment is committed to achieving three goals: stimulating business, driving economic growth, and helping communities across Massachusetts. Join our team of dedicated professionals to help drive our mission and make a meaningful impact in the communities we live and work in. MassDevelopment fosters a diverse and inclusive workplace and encourages all qualified applicants, including minorities, women, protected veterans, and individuals with disabilities, to apply.

Our total rewards package offers many generous benefits, including:

  • Premium Medical and Dental Coverage
  • Employer Contributions to Retirement Savings Plans
    • 7.5% employer contribution into a 401(a) Defined Contribution Plan; 457(b) (with employer match up to 5%)
  • Flexible Spending Accounts (FSAs)
  • Employer-Paid Short- and Long-Term Disability
  • Paid Parenting Leave
  • Paid Time Off
  • 12 Paid Holidays
  • Fitness/Wellness Reimbursement
  • Tuition Reimbursement
  • Matching Gifts
  • Transportation Reimbursement
  • Variety of Hybrid Work Opportunities

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Job Summary:

MassDevelopment is accepting applications for an Investment Banking Associate in our Finance Programs Department. This position will be a hybrid model, with a combination of remote work and in-office work located in Boston.  

Reporting directly to the Senior Vice President, Investment Banking, this position provides support for several key financing programs. The Investment Banking Associate oversees various compliance and reporting activities, and assists the department manager and team members with special projects.  

The person in this role will deal with a diverse group of individuals, including government officials, borrowers, lenders, attorneys, and internal team members. To be successful in this position, the person will need strong verbal, written, and interpersonal skills and be a highly organized self-starter and problem solver. 

Essential Functions: 

  • Program support for bond issuance and various other programs, including preparation of approval requests and coordination with state officials. 
  • Marketing support, including assisting team members in developing calling lists for outreach to existing clients and advisors.
  • Oversee compliance efforts, including post-issuance compliance on bond issues, affordability compliance on housing issues, and updating of department policy guidelines.
  • Assist the department manager by gathering information required for annual budget preparation and analysis. 
  • Work with division management and team members to ensure accurate and complete database records.
  • Other duties may be assigned consistent with the position.

Minimum Qualifications:

  • Associate degree.
  • 3 years of work experience in financial services or related field, or similar job role, in a fast-paced environment.
  • Combination of experience and education.
  • Knowledge and experience with database programs.
  • Exceptionally strong verbal and written communication skills.
  • Outstanding customer service and interpersonal skills, with ability to work with people at all levels and from varied disciplines.
  • Demonstrated organizational skills and strong attention to detail.
  • Ability to coordinate multiple team members and projects to meet deadlines.
  • Proficiency in Microsoft Office Suite.

Preferred Qualifications:

  • Bachelor’s degree relating to business.
  • 5 years of work experience in financial services, or similar job role, in a fast-paced environment.  
  • Self-starter and creative problem solver with an ability to perform work independently and work effectively under pressure.
  • Knowledge and experience with EnAble.
  • Bilingual a plus.

Equal Opportunity Employer:

MassDevelopment is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, sex, color, religion, national origin, ancestry, age over 40, protected veteran status, disability, sexual orientation, gender identity/expression, marital status, or other protected class.

Interested candidates should click on the link below to apply:

apply here