Community Development Manager

FANNIE MAE



THE COMPANY


Fannie Mae is a shareholder-owned company with a public mission: to tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans. Over our 65-plus year history, Fannie Mae has worked with housing partners to provide low-cost financing for more than 60 million American families to own or rent a home.


 


For more information about Fannie Mae and our career opportunities, please visit www.fanniemae.com


 


REPORTING STRUCTURE AND POSITION LOCATION
The Community Development Manager will serve the Western Region of the Community Lending group and report to the Director of the Western Region. 
 
POSITION RESPONSIBILITIES
Develop and manage the community development business strategies and take accountability for product line transactions in coordination with local, regional and national Fannie Mae offices.  Manage a portfolio of mission-rich activities that include investments and loans supporting neighborhoods and housing programs. Specific responsibilities include:


Manage external and internal client expectations on Fannie Mae's ability to deliver on complex community development finance transactions in a defined territory.

Identify and implement a specific number of neighborhood revitalization strategies with specified success hurdles that include meeting annual investment goals using all Fannie Mae products.

Serve as knowledge expert and chief marketing and underwriting agent for all Community Channel products within assigned territory.

Source, assess structure, underwrite, and close Community Channel transactions in complete coordination with regional CD Director and DC Community Lending staff. 

Support Community Lending Asset Management where required on investments in region. 

Be instrumental in identifying, assessing, and defining appropriate investment strategies for sustainable execution of neighborhood housing strategies.




PROFESSIONAL QUALIFICATIONS Minimum 5 years of real estate lending experience; preferably with significant experience in community development transactions. Bachelor's degree in business, real estate finance, or related field preferred. Strong relationship management experience dealing with complex negotiations and multiple partners. Demonstrable hands-on structuring, underwriting and negotiations experience on real estate transactions. Ability to close transactions and follow through on assignments. Experience in single-family and multifamily development desired; other commercial development experience is a plus.  Basic understanding of public subsidies and application to community development projects. 


SUCCESS QUALIFICATIONS:Demonstrated ability to think strategically regarding the appropriateness of action-oriented neighborhood strategies and specific roles for public and private investment in community development transactions, as well as the ability to develop and assess complex community development transactions and financing roles for Fannie Mae and other partners.An ability to anticipate the consequences and implications of the strategic direction, policies, practices and technology by quickly identifying the central or underlying issues.The ability to work easily with multiple internal and external partners, build consensus to implement, drive to reach closure, and manage expectations about delivery. A strong sense of urgency about solving problems, meeting challenging deadlines, and achieving critical goals.  Demonstrated ability to innovate and develop new business opportunities and initiatives.  Relationship management skills: work easily with multiple internal and external partners, build consensus to implement, drive to reach closure, and manage expectations about delivery. Strong oral and written communication skills.A keen ability to multitask.

 

COMPENSATION

Fannie Mae's compensation and benefits package is very competitive. It is designed to help employees meet varying needs throughout their careers and to reward employee's skills, experience, and potential.
Fannie Mae is an equal employment opportunity employer and considers qualified applicants for employment without regard to race, gender, age, color, religion, national origin, marital status, disability, sexual orientation, or any other protected factor