Down Payment Products Manager

Company: Disability Solutions
Location: Des Moines
Posted on: April 25, 2025

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.Leads a team to ensure safe and sound, impactful and strategic administration of the Affordable Housing Program (AHP) Down Payment Products (DPP) team and portfolio. Responsible for managing and continuously developing a high-performing team that applies critical analysis, pro-active risk management, and thoughtful customer service to DPP application review, disbursement, and monitoring as set forth by applicable Federal regulations, Bank policies and procedures, and sound judgement. Collaborates with CID and other Bank leaders to plan and execute effective outreach that promotes DPP with members, sponsors, and other key stakeholders in the Bank's district. Also collaborates with leaders to advance other Bank objectives. Has a command of product data, reporting, policies, procedures, controls, and applicable regulations. Also has a command of the Bank's mission and purpose, as well as its requirements such as its Conflict of Interest policy, controls, etc. Cultivates and applies knowledge of district affordable housing needs, members and other stakeholders, and market dynamics to contribute to the Targeted Community Lending Plan and AHP Implementation Plan, and to support a safe and sound, impactful and strategic administration of the AHP. Supports the Community Investment Advance (CIA) products and approves CIA applications. Promotes and embodies the Bank's values.Accountabilities:Responsibilities/Duties/Function/Tasks:

• Manage and develop high-performing employees who coalesce as a high-performing team through regular and authentic communication, feedback, and coaching
• Own content and effectiveness of policies, procedures, controls, forms, DPP Online screens, data, and documentation to ensure effective and compliant administration of the DPP.
• Collaborate with CID leaders and other departments to plan and execute effective outreach and technical assistance that considers tactics such as webinars, product promotions, and in-person meetings, as well as strategic outcomes such as relationship building, intelligence gathering, and meeting CID goals
• Lead all aspects of the Down Payment Products portfolio such as:
  • Annual/Quarterly DP Funding Round's review of down payment grant requests. Ensure the team's effective and timely analysis of down-payment grat requests. Conduct reviews and responsible for the quality and documentation of Analysts' decisions
  • Analyze complex down-payment product reservations and disbursements to ensure that Analysts have documented thorough decision making. Approve down-payment product disbursements recommended by analysts to ensure compliance with DPP commitments, regulations and Bank policies and procedures
  • Review down-payment product status reports and other information to ensure Analysts have documented that transactions are being completed and are compliant with DPP commitments, regulations and Bank policies and procedures
  • Collaborate with CID leaders to ensure alignment with AHP
  • Support administration of CIA such as through direct review and approval of CIAs, and by ensuring team members' review and approval is timely and compliant with applicable regulations, policies, and procedures
  • Provide communication to and technical assistance to members, non-profit organizations and government entities on the features and uses of DPP and, specifically to members, the Community Investment Advance program
  • Support quality assurance reviews such as those conducted during Bank exams and internal audit
  • Develop a working knowledge of the Bank's other products and services
  • Develop and maintain knowledge of private, local, state and federal programs that are involved in affordable housing development
  • Comply with Bank policies and procedures and laws and regulations applicable
  • Report known or suspected violation of law, regulation, policy or procedure to appropriate levels of management consistent with Bank requirements
  • Report known or suspected violation of internal controls to appropriate levels of management
  • Participate in developing, implementing, assessing and improving effective internal controls
  • Performs other duties as assignedQualifications:
    • Bachelor's Degree in Finance, Accounting, Business, Economics, related field, or equivalent years of experience
    • Evidence of a broad range and understanding of housing programs and finance characterized by 5 - 8 years of experience in residential real estate underwriting and lending, housing development, and housing finance.
    • Experience in affordable housing programs as conducted by non-profit or government entities is preferred, including work involving with local, state, or federal programs developing or funding affordable housing projects.
    • Ability to negotiate with member banks; nonprofit and for-profit developers; local, state and federal governments during the funding and monitoring of AHP projects
    • Excellent analytical, written, interpersonal, and oral communication skill evidenced by:
      • Ability to gather, assemble, correlate, and analyze information to prepare concise reports for decision making, identify problems, and devise solutions.
      • Experience and skill working in a team-oriented environment, and ability to communicate and negotiate with a diverse clientele.
      • Adept in use of personal computers and Microsoft business software including Outlook for communications and scheduling, Word, Excel, and PowerPoint.Compensation Range:Annual Salary: $119,243.00 - $133,272.00This 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 of 3 days per week in office, 2 days per week work-from-home. 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 .At FHLB Des Moines, we celebrate diversity, work to create an inclusive culture and champion equity in all of our policies and practices. 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.

Keywords: Disability Solutions, Waterloo , Down Payment Products Manager, Executive , Des Moines, Iowa