Participate in the administration of the community investment programs within the regulations, policies and procedures that govern the programs while serving the needs of the membership. Carry out tasks in a multi-faceted environment while demonstrating a novice level of understanding of job knowledge, concepts, and proficiency with a moderate amount of assistance and a focus on applying skills.
Education -
Bachelor's degree preferred. Master's a plus in Real Estate, Finance, Business Administration, Public Administration, or a related field.
Skills -
- Effective oral and written communication skills.
- Time management skills.
- Strong analytical capabilities.
Experience -
2-3 years total industry experience as an analyst or administrator in community development, real estate management, mortgage lending or servicing, or related work is required. Experience in working with public and private housing or community development programs is preferred.
Essential Job Duties:
- Analyze program applications, which may include individual paystubs, loan pool listings, organizational financial statements and other financial documentation, to determine eligibility based on income levels, location, documentation acceptability and other program criteria.
- Provide technical assistance to customer institutions and housing organizations regarding the process of submitting applications and other supporting documentation for the community investment programs.
- Review and determine acceptability of progress reports on affordable housing projects that have received grant funding.
- Review closing documentation for individual household transactions.
- Evaluate compliance monitoring reports and supporting documentation such as paystubs, rent rolls and rental assistance contracts to ensure compliance of completed affordable housing projects.
- Develop and maintain strong relationships and communications with customers and other parties to the transaction by being responsive and informative.
- Assist in the maintenance of various internal- and external-facing resource materials.
- Participate in technology initiatives with such contributions as acting as a subject matter expert, and user acceptance testing.
- Maintain at least a novice level of knowledge of the suite of the Community Investment programs as well as the regulations and policies that govern them, for the purpose of supporting and administering the programs. This will include staying abreast of guidelines, standard operating procedures, status memos and other governance documentation as well as regulations and periodicals.
Salary Range: $70,000 - $90,000
What We Do
The Federal Home Loan Bank of New York (FHLBNY) is a privately-owned wholesale bank that helps community lenders in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands advance housing and community growth. The FHLBNY membership is comprised of commercial banks, savings banks, savings and loans, credit unions, insurance companies and community development financial institutions.
The FHLBNY is part of the Congressionally-chartered, nationwide Federal Home Loan Bank System, which was created in 1932 to provide a flexible liquidity source for member community lenders engaged in home mortgage and neighborhood lending. The mission of the FHLBNY is to advance housing opportunity and local community development by maximizing the capacity of community-based member lenders to serve their markets.
Since the FHLBNY is a secured lender, all of its credit products require real estate related collateral. The FHLBNY enables local lenders to extend affordable credit to their communities. Thanks to the Federal Home Loan Bank System, communities across the country have access to more affordable housing, small business, and community development programs.
