The Rental Housing Analyst role will set in our Des Moines, IA or our Seattle, WA office. This role will assist in the administration of the Federal Home Loan Bank of Des Moines’ Affordable Housing Program (AHP); Scores, reviews, and analyzes AHP rental project applications; 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.
Responsibilities: •Analyzes real estate budgets and operating statements to determine project feasibility and communicate conclusions to management and the Board. •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 Sources and Uses Statements, Cost Breakdowns, Proformas, and legal documents. •Reviews AHP Pre-Applications and provide Sponsor Organization with feedback and project technical assistance to strengthen project applications. •Provides technical assistance to Member Institutions, Sponsor Organizations, and project owners regarding FHLB Des Moines Affordable Housing Products, project development, and program administration. •Exercises knowledge of AHP program guidelines, policy and procedures, and projects to research and recommend program guidelines, policy and procedures, forms, and automated systems. •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 suspected violation of law, regulation, policy or procedure to 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. •Performs other duties as assigned.
Qualifications: •Bachelor’s Degree in Finance, Accounting, Business, Economics, Real Estate, related field, or equivalent experience. •1-3 years’ 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. •Affordable housing program experience, such as HOME, CDBG, and/or LIHTC or other regulatory background strongly preferred •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.
The Federal Home Loan Bank of Des Moines is one of 12 regional wholesale Banks that make up the Federal Home Loan Bank System. Established by government charter in 1932, the FHLBanks are cooperatively owned by their members, operate independently with their own boards of directors and are registered with the Securities and Exchange Commission. The Des Moines Bank is a valuable partner for more tha...n 1,200 community banks, thrifts, credit unions and insurance companies throughout Iowa, Minnesota, Missouri, North Dakota and South Dakota. FHLB Des Moines is a reliable financial partner and offers its members a variety of products to help lower their funding costs, manage liquidity, control risk and provide a range of mortgage services to their customers.