Senior Community Investment Specialist

Posted Yesterday
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Pittsburgh, PA
Senior level
Financial Services
The Role
The Senior Community Investment Specialist will manage affordable housing and community development programs including application review, project compliance, data integrity, and reporting. The role involves project oversight, stakeholder engagement, and participation in policy discussions to ensure regulatory compliance while supporting community-focused financial products.
Summary Generated by Built In

Position Summary

FHLBank Pittsburgh (FHLBank) is seeking a Senior Community Investment Projects Manager who will support FHLBank’s Affordable Housing Program, First Front Door, Banking On Business, Community Lending Program, Home4Good and other community-focused products. This position is within the FHLBank’s Community Investment department which manages seven affordable housing and community development grant and loan products; these products made more than $53 million available in 2023. This role will manage critical processing and analysis, project management, reporting and customer service for these products.

We are looking for an energetic, dynamic and committed individual seeking to join a team passionate about affordable housing and community development. We work together to create a positive and collaborative work environment to serve our member financial institutions and our communities. This position is a great opportunity for an individual who has experience in affordable housing, economic and community development, project management, the finance industry, and/or other related work. 

FHLBank community investment products include the Affordable Housing Program, First Front Door, First Front Door Keys to Equity, Home4Good, Banking On Business, Banking On Business Inclusion & Equity, Community Lending Program and Blueprint Communities®.

Primary Success Factors

  • Supports the major functions of FHLBank Pittsburgh’s Community Investment grant and loan programs, including:

    • Affordable Housing Program: Reviews grant applications, analysis and underwriting of proposed projects that involve tax credit financing and other complex real estate transactions, and performs compliance and monitoring functions throughout the AHP project compliance period. Under the supervision of the AHP Manager, leads certain components of AHP operations.

    • First Front Door, First Front Door Keys to Equity, Banking On Business, Banking On Business Inclusion and Equity, Home4Good and Community Lending Program: Review and approve applications and disbursement transactions, support compliance and monitoring and assist in round management and program oversight.

  • Senior Manager, Community Products may authorize position to review and approve other Analysts’ recommendations for AHP project disbursements and AHP post-completion reports. 

  • Ensures data integrity, accurate and timely preparation and submission of monthly reconciliations and other Community products and reports to the FHFA, Board, Bank Management and other stakeholders, as necessary.

  • Provides support in the development, implementation, modification, and ongoing maintenance of Community product application and information systems; serves as Community Investment Department (CID) representative for Bank projects.

  • Participates in Community Investment’s business strategy and policy discussions to ensure regulatory compliance, analyzes internal and external data to recommend policy decisions to management. Works with and presents to Affordable Housing Advisory Council when required. 

  • Participates in meetings of the Affordable Housing Advisory Council (Council), Board of Directors and Bank management. Supports the development of the Affordable Housing Program Implementation Plan.

  • Participates in the development and implementation of new products and special assignments related to the Bank's mission and vision.

  • Recommends more effective and efficient program/operation changes; periodically analyzes the Community Products to determine customer and project profiles; recommends program changes to management that will meet customer needs and expand program usage; conducts research to create marketing strategies, products, and mission-related investments.

  • Provides quality customer service and technical assistance by communicating program parameters and processes to member financial institutions, housing developers and other key stakeholders; responds to customer requests and program eligibility questions; troubleshoots customer issues and concerns.

  • Effectively communicates ideas and program information to the Bank’s management team, Council, Board of Directors and FHFA

  • Ensures compliance with applicable policies, procedures and regulations to ensure safe and sound business operations.

Required Experience

  • Bachelor’s degree in Finance, Business, Economics or related major

  • Housing development training certificate from Grow America or equivalent organization is preferred

  • Five or more years’ experience in banking, housing or economic development with at least four years in affordable housing;

  • Masters degree with four years or more of relevant experience may be considered

  • Excellent analytical, communication, and administrative skills

  • Ability to underwrite complex real estate transactions

It is the policy of the Federal Home Loan Bank of Pittsburgh to ensure equal employment opportunity (EEO) for all employees and applicants for employment without regard to race, religion, color, sex, national origin, age, disability status, genetic information, veteran's status, ancestry, sexual orientation or status as a parent as defined by applicable law. It is the Bank's policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.

The Company
HQ: Pittsburgh, PA
231 Employees
On-site Workplace
Year Founded: 1932

What We Do

FHLBank Pittsburgh provides reliable funding and liquidity to its member financial institutions, which include commercial and savings banks, community development financial institutions, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia. FHLBank products and resources help support community lending, housing and economic development. As one of 11 Federal Home Loan Banks established by Congress, FHLBank has been an integral and reliable part of the financial system since 1932. Learn more by visiting www.fhlb-pgh.com.

Interested in working at FHLBank Pittsburgh?

Whether you’re a recent grad, seasoned professional or just planning your next career move, the Bank may be your gateway to professional challenge, advancement and success. We differentiate ourselves through our talent in the areas of information technology, capital markets, sales and marketing, risk, finance, internal audit, and operations and support. Check out all of our current employment opportunities at www.fhlb-pgh.com.

Although our asset size is large, we enjoy a small-company atmosphere. We also offer competitive salaries, incentive opportunities, benefits, and a reward and recognition program, and are committed to creating a diverse workforce. A major city with small-town appeal, Pittsburgh is consistently ranked as one of America’s most livable cities.

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