Senior Rental Housing Analyst

Federal Home Loan Bank of Des Moines; Des Moines (IA); Hybrid; USD 81,000 - 97,000; Full time

Benefits offered by this job

11 paid holidays

5 weeks PTO

Hybrid work schedule

401(k) match and Total Rewards

Job summary

The Senior Rental Housing Analyst at Federal Home Loan Bank of Des Moines supports the Affordable Housing Program by reviewing AHP rental project applications, providing technical assistance to sponsor organizations and member institutions, and coordinating with stakeholders to monitor funding and project progress.

You will analyze budgets, sources and uses statements, and legal documents, while ensuring compliance with AHP guidelines and program administration.

Qualifications

• Bachelor’s Degree in Finance, Accounting, Real Estate, Business, Economics, or related field is required.
• 5 to 7 years of experience with commercial real estate lending, real estate development, property management or multi-family project development and management.
• Affordable housing program experience such as HOME, CDBG, and/or LIHTC or other regulatory background preferred.
• Experience in providing technical assistance, including training seminars.
• Asset management experience helpful.
• Strong written and verbal communication skills, including oral presentation.
• Strong problem solving skills.
• Strong organizational skills and ability to handle multiple tasks in a timely manner.
• Skilled with Office software including Outlook, Excel, Word and PowerPoint.

Responsibilities

• Analyzes complex real estate budgets and operating statements to determine feasibility and communicate conclusions to management and the Board.
• Independently completes rental housing project feasibility review analyses at application, funding disbursement, modification and completion monitoring.
• Analyzes complex Sources and Uses Statements, Cost Breakdowns, Pro formas, and legal documents.
• Provides technical assistance to Member Institutions, Sponsor Organizations, and project owners regarding AHP products, development and program administration.
• Analyzes, recommends, and negotiates repayment, settlement, and modification options for non-compliant projects.
• Partners with Rental Housing Specialists and other Analysts to ensure projects comply with AHP regulations and implementation plans.
• Provides support to Rental Housing Specialists and other Analysts in completion of AHP projects.
• Exercises knowledge of AHP guidelines, policy and procedures, and helps research and recommend forms and systems.
• Assists in promoting AHP products through direct calling or presentations at meetings and conferences.

Skills

Budget analysis

Real estate finance

Communication

Problem solving

Office software

Education

Bachelor’s Degree in Finance, Accounting, Real Estate, or related field

Tools

Excel

PowerPoint

Outlook

Word

Job description

At FHLB Des Moines, we work each day to develop an inclusive culture that supports and leverages the complexity of a diverse workforce. This enables us to effectively serve the needs of our members and help them succeed.

The Senior Rental Housing Analyst assists in the administration of the Federal Home Loan Bank of Des Moines’ Affordable Housing Program (AHP); Scores, reviews, and analyzes AHP rental project applications with complex structures and layered funding; Reviews and provides assistance on AHP Pre-Applications; Provides technical assistance to Sponsor Organizations and Member Institutions; Completes feasibility review and analysis at project application, funding disbursement, project modification and project completion monitoring; Partner with Member Institutions, nonprofit and for profit developer, local, state and federal governments during the funding and monitoring of AHP projects; Partner with Information Technology partners on projects involving system changes and system testing.

Accountabilities:

• Analyzes complex real estate budgets and operating statements to determine project feasibility and communicate conclusions to management and the Board.
• Independently completes rental housing project feasibility review analyses at the time of project application, funding disbursement, project modification and project completion monitoring according to the Bank’s guidelines and policies.
• Analyzes complex Sources and Uses Statements, Cost Breakdowns, Proformas, and legal documents.
• Provides technical assistance to Member Institutions, Sponsor Organizations, and project owners regarding FHLB Des Moines Affordable Housing Products, project development, and program administration.
• Analyzes, recommends, and negotiates repayment, settlement, and modification options for non-compliant projects.
• Partners with Rental Housing Specialists and other Rental Housing Analysts to ensure projects are in compliance with AHP regulations and the FHLB Des Moines Implementation Plan.
• Provides support to Rental Housing Specialists and other Rental Housing Analysts in completion of AHP projects.
• Exercises knowledge of AHP program guidelines, policy and procedures, and projects to research and recommend program guidelines, policy and procedures, forms, and automated systems.
• Assists in the promotion of FHLB Des Moines Affordable Housing Products through direct calling or presentations at member meetings, sponsor events, and housing conferences.
• Assists with the administration of the FHLB Des Moines Community Investment Advance (CIA) Program.
• Partners with Community Investment Staff and Information Technology partners on technology projects involving system changes and system testing.
• Complies with Bank policies and procedures and applicable laws and regulations. Reports known or suspectedviolation of law, regulation, policy or procedureto appropriate levels of management. Participates in developing, implementing, assessing and improving effective internal controls. Reports known or suspected violation of internal controls to appropriate levels of management.
• Provides support to other Community Investment functions through cross training and continuous learning of business operations.
• Performs other duties as assigned.

Qualifications:

• Bachelor’s Degree in Finance, Accounting, Business, Economics, Real Estate, City/Urban Planning, related field, or equivalent experience required.
• 5 to 7 years of experience with commercial real estate lending, real estate development, property management or multi-family project development and management
• Affordable housing program experience, such as HOME, CDBG, and/or LIHTC or other regulatory background strongly preferred
• Experience in providing technical assistance, including training seminars
• Asset management experience helpful.
• Strong written and verbal communication skills, including oral presentation.
• Strong problem solving skills.
• Strong organizational skills and the ability to handle multiple tasks in a timely manner.
• Skilled with Office software including Outlook, Excel, Word and PowerPoint.

Preferred Qualifications:

• Progress towards MBA, graduate school of banking degree or equivalent preferred.
• 7 plus years of experience with commercial real estate lending, real estate development, property management or, particularly multi-family project development and management
• Professional certification in an accredited housing and economic development educational program, including but not limited to the National Development Council Economic Development Finance Professional Certification helpful.

Compensation Range:

Annual Salary: $81,481.00 - $96,758.00

This salary range represents the Bank’s good faith and reasonable estimate of possible compensation at the time of hire. Offer to be determined by selected applicant’s education, experience, knowledge, skills & abilities, as well as internal equity and alignment with market data.This role is also eligible to participate in the Bank’s annual incentive plan.
As part of our competitive Total Rewards package, the Bank offers 11 paid holidays, 5 weeks of PTO and a work culture that values work/life balance. Most roles are eligible for our hybrid work schedule. We match 100% of the first 6% you contribute to your 401(k) and provide an additional 4% non-discretionary contribution to your 401(k) at the end of year. More information on our Total Rewards program can be found here.

At FHLB Des Moines, we work to create an inclusive culture. This enables us to effectively serve the needs of our members and help them succeed. FHLB Des Moines is proud to be an Equal Opportunity Employer. We prohibit discrimination on the basis of race, color, religion, sex (including pregnancy, sexual orientation or gender identity), national origin, age, disability, veteran status, genetic information (including family medical history), status as a parent or any other characteristic protected by federal, state or local law.