Senior Homeownership Portfolio Analyst

Federal Home Loan Bank of Atlanta•Atlanta, GA

22h•Hybrid

About The Position

BASIC PURPOSE: Serves as part of the first line of defense, evaluating, underwriting, funding, and managing the Community Investment Services and its affordable housing Homeownership and multi-family programs objectives. Through timely and thorough underwriting, this role supports the Bank’s strategy to maintain and expand member and project sponsor relationships. This position identifies and mitigates risk in existing and proposed transactions. This position also works directly with management and teammates in Risk Management; Client Coverage, and other areas of the Bank to lead the analysis of Homeownership and Rental project opportunities, underwriting of credit exposure, and management of the AHP Homeownership, rental and CICA portfolios, and relationships while providing effective outcomes. ESSENTIAL FUNCTIONS: Responsible for the production of Rental and Ownership products and programs to include, application intake, underwriting, processing, decision making, and disbursement functions in accordance with federal regulations, department procedures and policies, performance objectives, and administrative requirements. Responsible for the intake, processing and funding functions of the Affordable Housing Program, Community Investment Program/Economic Development Program, and other community investment service products. Acts as backup to Homeownership Portfolio Manager and may direct the effective daily management of a team responsible for a pipeline of projects funded by the Bank’s Community Investment Services programs and products. May schedule and assign work, provide directional leadership regarding delegation and prioritization of work, and establish account responsibilities within the team structure, while ensuring the efficient use of team resources. Establishes positive and effective relations with Bank members, developers, intermediaries, and other persons and entities to ensure successful pipeline management, sales, and communication outcomes. Designs, collects, and uses program outcome metrics to support the department’s efforts to deliver on its commitment to service excellence. Reviews and recommends appropriate risk measurement, risk assessment, management, mitigation, and reporting processes. Works with management to develop and execute procedures and practices by which new and existing programs will be evaluated in accordance with establish criteria. Develops technical solutions to new or highly complex problems that cannot be solved using existing methods or approaches. Promotes those solutions with a successful outcome to management. Provides feedback and input on problems and challenges that are complex and impact the business and operational objectives of the Bank. Develops and promotes feasible process improvement, resource deployment, quality control, and/or automation concepts and ideas that advance the department’s Performance Metric and Business Standards environment. Prepares, supervises, approves, and performs the preparation of in-depth feasibility and subsidy evaluation of assigned Affordable Housing Program projects and community development programs, including applications, takedowns, modifications, progress reports, and extensions using the Bank’s format of valuation methodology to estimate loan quality, valuation, and ensure compliance with Bank policy, procedures, and regulations. Presents analysis or report before committee, as required. Ensures Affordable Housing Program, Homeownership Set-Aside Program, Community Investment/Economic Development, and other community investment service product documentation complies with Bank policies and procedures. Reviews, analyzes, and interprets financial data contained in project proformas, sources and uses statement and development budgets, and makes funding recommendations. Reviews and interprets language in loan closing documents such as promissory notes, closing statements, deeds, etc., that indemnify the Bank and its members against potential losses. Responsible for the development, design, enhancement, and maintenance of comprehensive financial spreadsheets, models, and form templates to facilitate the analysis and monitoring of the Bank’s Affordable Housing Program. Prepares periodic performance assessment of direct reports to assist the Portfolio and Production Manager in the preparation of annual performance appraisal reviews. Manages and provides technical assistance to members and project sponsors regarding lending and disbursement procedures and regulatory requirements. Participates in system elaboration and user acceptance testing for department systems. Maintains current operating knowledge of federal, state, and local programs affecting community investment activities. Manages the development, maintenance, and execution of sound Community Investment Services portfolio compliance management functions as defined by applicable federal regulations, including default and recovery management. Creates and promotes an atmosphere of high integrity and commitment to the Bank’s mission, vision, and values by establishing effective internal communication between staff and management. Recommends and establishes strong internal control and reporting processes as related to internal audit and regulatory exam findings. Recommends and creates standard operating processes and procedures to ensure optimum efficiencies in the product and program areas. Assesses all current processes and practices to determine improvements that will generate reductions in expenses and/or process time on the production side of the business. Implements improvements that demonstrate measurable results for the business. Responsible for developing onboarding, training, and educating new and existing members that participate in the Community Investment Services programs and products Responsible for onboarding, training, developing, and educating new and existing staff members Performs user acceptance testing to validate system performance, new functionality, upgrades, patches, new products, and data changes before they are deployed to production. Assists with the preparation of program reports for department management Provides feedback and input on problems, and challenges that are complex and impact the business and operational objectives of the Bank. Prepares, approves, and performs the preparation of in-depth feasibility and subsidy evaluation of assigned Affordable Housing Program projects and community development programs, including applications, takedowns, modifications, progress reports, and extensions using the Bank’s format of valuation methodology to estimate loan quality, valuation, and ensures compliance with Bank policy, procedures, and regulations. Demonstrates an application of newly acquired professional development tools, information, and training. Develops and recommends technical solutions to new or highly complex problems that cannot be solved using existing methods or approaches. Promotes those solutions with a successful outcome to senior management. Provides feedback and input on problems, and challenges that are complex and impact the business and operational objectives of the Bank. Anticipates and appropriately communicates the implications of events or decisions for various stakeholders and plans strategy accordingly. Assists with developing, updating, and maintaining written departmental operating policies and procedures for all programs. Provides technical assistance to members and project sponsors regarding lending and disbursement procedures and regulatory requirements. Participates in system elaboration and user acceptance testing for department systems. Maintains current operating knowledge of federal, state, and local programs affecting community investment activities. Leads and attends daily; bi-weekly or ad hoc meetings to discuss team meetings topics such as production updates, system issues, transaction issues, enhancements, procedures updates, etc. Expected to enhance the department’s brand by taking ownership of issues, following problems through to satisfactory resolution, identifying process improvements and efficiencies, and providing excellent customer service to the Bank’s members. OTHER RESPONSIBILITIES: This description provides general information necessary to depict the essential and non-essential functions of the job and shall not be construed as a detailed description of all the required work that may be inherent in the job.

Requirements

A thorough understanding of the principles of real estate or mortgage finance, strong math skills, and the ability to identify and resolve complex financial problems are essential.
A thorough knowledge of the principles of community development finance and the operations of regulated financial institutions.
Ability to develop comprehensive financial spreadsheets, models, and form templates is required.
Basic computer skills, including Microsoft Word, Excel, and PowerPoint.
Strong customer relationship management skills.
Strong communication, presentation, and problem-solving skills are required.
A bachelor’s degree in finance, or real estate, or a minimum of five years’ experience in residential or commercial real estate lending, or underwriting.
One-year supervisory experience, or the equivalent combination of education and experience is necessary.

Nice To Haves

Experience in developing project financials or underwriting single family and/or multifamily affordable housing and community economic development real estate deals is preferred.
A master’s degree is preferred.

Responsibilities

Responsible for the production of Rental and Ownership products and programs to include, application intake, underwriting, processing, decision making, and disbursement functions in accordance with federal regulations, department procedures and policies, performance objectives, and administrative requirements.
Responsible for the intake, processing and funding functions of the Affordable Housing Program, Community Investment Program/Economic Development Program, and other community investment service products.
Acts as backup to Homeownership Portfolio Manager and may direct the effective daily management of a team responsible for a pipeline of projects funded by the Bank’s Community Investment Services programs and products.
May schedule and assign work, provide directional leadership regarding delegation and prioritization of work, and establish account responsibilities within the team structure, while ensuring the efficient use of team resources.
Establishes positive and effective relations with Bank members, developers, intermediaries, and other persons and entities to ensure successful pipeline management, sales, and communication outcomes.
Designs, collects, and uses program outcome metrics to support the department’s efforts to deliver on its commitment to service excellence.
Reviews and recommends appropriate risk measurement, risk assessment, management, mitigation, and reporting processes.
Works with management to develop and execute procedures and practices by which new and existing programs will be evaluated in accordance with establish criteria.
Develops technical solutions to new or highly complex problems that cannot be solved using existing methods or approaches.
Promotes those solutions with a successful outcome to management.
Provides feedback and input on problems and challenges that are complex and impact the business and operational objectives of the Bank.
Develops and promotes feasible process improvement, resource deployment, quality control, and/or automation concepts and ideas that advance the department’s Performance Metric and Business Standards environment.
Prepares, supervises, approves, and performs the preparation of in-depth feasibility and subsidy evaluation of assigned Affordable Housing Program projects and community development programs, including applications, takedowns, modifications, progress reports, and extensions using the Bank’s format of valuation methodology to estimate loan quality, valuation, and ensure compliance with Bank policy, procedures, and regulations.
Presents analysis or report before committee, as required.
Ensures Affordable Housing Program, Homeownership Set-Aside Program, Community Investment/Economic Development, and other community investment service product documentation complies with Bank policies and procedures.
Reviews, analyzes, and interprets financial data contained in project proformas, sources and uses statement and development budgets, and makes funding recommendations.
Reviews and interprets language in loan closing documents such as promissory notes, closing statements, deeds, etc., that indemnify the Bank and its members against potential losses.
Responsible for the development, design, enhancement, and maintenance of comprehensive financial spreadsheets, models, and form templates to facilitate the analysis and monitoring of the Bank’s Affordable Housing Program.
Prepares periodic performance assessment of direct reports to assist the Portfolio and Production Manager in the preparation of annual performance appraisal reviews.
Manages and provides technical assistance to members and project sponsors regarding lending and disbursement procedures and regulatory requirements.
Participates in system elaboration and user acceptance testing for department systems.
Maintains current operating knowledge of federal, state, and local programs affecting community investment activities.
Manages the development, maintenance, and execution of sound Community Investment Services portfolio compliance management functions as defined by applicable federal regulations, including default and recovery management.
Creates and promotes an atmosphere of high integrity and commitment to the Bank’s mission, vision, and values by establishing effective internal communication between staff and management.
Recommends and establishes strong internal control and reporting processes as related to internal audit and regulatory exam findings.
Recommends and creates standard operating processes and procedures to ensure optimum efficiencies in the product and program areas.
Assesses all current processes and practices to determine improvements that will generate reductions in expenses and/or process time on the production side of the business.
Implements improvements that demonstrate measurable results for the business.
Responsible for developing onboarding, training, and educating new and existing members that participate in the Community Investment Services programs and products
Responsible for onboarding, training, developing, and educating new and existing staff members
Performs user acceptance testing to validate system performance, new functionality, upgrades, patches, new products, and data changes before they are deployed to production.
Assists with the preparation of program reports for department management
Provides feedback and input on problems, and challenges that are complex and impact the business and operational objectives of the Bank.
Prepares, approves, and performs the preparation of in-depth feasibility and subsidy evaluation of assigned Affordable Housing Program projects and community development programs, including applications, takedowns, modifications, progress reports, and extensions using the Bank’s format of valuation methodology to estimate loan quality, valuation, and ensures compliance with Bank policy, procedures, and regulations.
Demonstrates an application of newly acquired professional development tools, information, and training.
Develops and recommends technical solutions to new or highly complex problems that cannot be solved using existing methods or approaches.
Promotes those solutions with a successful outcome to senior management.
Provides feedback and input on problems, and challenges that are complex and impact the business and operational objectives of the Bank.
Anticipates and appropriately communicates the implications of events or decisions for various stakeholders and plans strategy accordingly.
Assists with developing, updating, and maintaining written departmental operating policies and procedures for all programs.
Provides technical assistance to members and project sponsors regarding lending and disbursement procedures and regulatory requirements.
Participates in system elaboration and user acceptance testing for department systems.
Maintains current operating knowledge of federal, state, and local programs affecting community investment activities.
Leads and attends daily; bi-weekly or ad hoc meetings to discuss team meetings topics such as production updates, system issues, transaction issues, enhancements, procedures updates, etc.
Expected to enhance the department’s brand by taking ownership of issues, following problems through to satisfactory resolution, identifying process improvements and efficiencies, and providing excellent customer service to the Bank’s members.