Senior Rental Housing Analyst
About The Position
The Senior Rental Housing Analyst assists in administering the Federal Home Loan Bank of Des Moines’ Affordable Housing Program (AHP). The role scores, reviews, and analyzes complex rental project applications with layered funding; reviews AHP pre-applications; provides technical assistance to sponsor organizations and member institutions; and completes project feasibility reviews and analyses at application, funding disbursement, project modification, and project completion monitoring stages. The analyst partners with member institutions, nonprofit and for-profit developers, government entities, and internal technology partners throughout funding, monitoring, and system-related work. The analyst also supports the Community Investment Advance (CIA) Program and other Community Investment functions. The position requires applying AHP guidelines and policies, supporting compliance and internal controls, communicating analyses and recommendations, promoting affordable housing products, and providing support to colleagues across rental housing functions.
Requirements
- Bachelor’s degree in Finance, Accounting, Business, Economics, Real Estate, City/Urban Planning, or a related field, or equivalent experience.
- 5 to 7 years of experience with commercial real estate lending, real estate development, property management, or multifamily project development and management.
- Experience providing technical assistance, including training seminars.
- Strong written and verbal communication skills, including oral presentation skills.
- Strong problem-solving skills.
- Strong organizational skills and ability to handle multiple tasks in a timely manner.
- Proficiency with Office software, including Outlook, Excel, Word, and PowerPoint.
Nice To Haves
- Affordable housing program experience, such as HOME, CDBG, and/or LIHTC, or other regulatory background.
- Asset management experience.
- Progress toward an MBA, graduate school of banking degree, or equivalent.
- 7 or more years of experience with commercial real estate lending, real estate development, property management, or particularly multifamily project development and management.
- Professional certification in an accredited housing and economic development educational program, such as the National Development Council Economic Development Finance Professional Certification.
Responsibilities
- Analyze complex real estate budgets and operating statements to assess project feasibility and communicate conclusions to management and the Board.
- Independently complete rental housing project feasibility reviews at application, funding disbursement, project modification, and project completion monitoring in accordance with Bank guidelines and policies.
- Analyze complex Sources and Uses Statements, Cost Breakdowns, pro formas, and legal documents.
- Provide technical assistance to member institutions, sponsor organizations, and project owners on FHLB Des Moines Affordable Housing Products, project development, and program administration.
- Analyze, recommend, and negotiate repayment, settlement, and modification options for non-compliant projects.
- Partner with Rental Housing Specialists and other Rental Housing Analysts to ensure projects comply with AHP regulations and the FHLB Des Moines Implementation Plan.
- Support Rental Housing Specialists and other Rental Housing Analysts in completing AHP projects.
- Use knowledge of AHP guidelines, policies, procedures, and projects to research and recommend program guidelines, policies, procedures, forms, and automated systems.
- Promote FHLB Des Moines Affordable Housing Products through direct calling or presentations at member meetings, sponsor events, and housing conferences.
- Assist with administration of the FHLB Des Moines Community Investment Advance (CIA) Program.
- Partner with Community Investment staff and Information Technology partners on technology projects involving system changes and testing.
- Comply with Bank policies and procedures and applicable laws and regulations; report known or suspected violations to appropriate management.
- Participate in developing, implementing, assessing, and improving effective internal controls, and report known or suspected internal-control violations to appropriate management.
- Support other Community Investment functions through cross-training and continuous learning of business operations.
- Perform other duties as assigned.
Benefits
- 11 paid holidays.
- 5 weeks of PTO.
- Work culture that values work/life balance.
- Hybrid work schedule for most roles.
- 100% match of the first 6% contributed to the 401(k).
- Additional 4% non-discretionary 401(k) contribution at the end of the year.
- Eligible to participate in the Bank’s annual incentive plan.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
