Associate General Counsel – Multifamily Real Estate

Associate General Counsel – Multifamily Real Estate

Job #33250

THE COMPANY

Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administration’s Homeowner Affordability and Stability Plan.

Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nation’s housing recovery.

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

JOB INFORMATION

This position is on the legal team supporting all non-production activities of the Multifamily Mortgage Business, including business strategy, operations, loan documentation, securitization, lender relationships, seller/servicer guidelines and counterparty risk.   We are seeking an individual able to partner closely with business clients in addressing complex issues strategically and with a problem-solving orientation to legal risks and implications.

Operate with considerable latitude in consulting, advising, and representing the company on a variety of highly complex legal matters and projects related to corporate law. Provide legal counsel to management on broad issues affecting the company. Ensure that legal documents regarding board meetings and motions, mergers or acquisitions, contracts, or other corporate actions are prepared properly. Confer with executives regarding corporate initiatives, product development, or regulatory concerns to assess legal risks to the company and plan actions to control or minimize those risks. May act as a subject area/technical expert, or key advisor on significant business or product decisions with or without management responsibilities. May manage a specific unit or specialist function. May directly manage in-house counsel, paralegals and legal support staff.

KEY JOB FUNCTIONS

  • May plan, guide, and/or oversee the performance of in-house counsel, team members, and/or legal support staff. Provide legal advice and service by combining skill in corporate law with sound business acumen and knowledge of business goals and objectives of the company or assigned business units.
  • Engage with assigned business units to meet goals. Pursue details and achieve closure on various matters. Provide excellent client service.
  • Use business and legal judgment to balance an appropriate level of risk against the business needs in a particular situation. Operate within the framework of allowable corporate behavior and governance, and legal and regulatory compliance.
  • Supervise and actively direct outside counsel.
  • Work closely with business clients and outside counsel to ensure adherence to important corporate and regulatory policies.
  • Draft templates. Write documents. May draft comment letters. May analyze legislation that impacts the company and assist the company in responding to inquiries from Congress and government agencies.
  • Prepare and manage a due diligence budget. Coordinate with internal departments to ensure proper tracking and accounting of legal due diligence expenses.

Requirements:

EDUCATION

  • Juris Doctorate

MINIMUM EXPERIENCE

  • 8+ years of related experience

SPECIALIZED KNOWLEDGE & SKILLS

  •  8+ years prior legal experience in any combination of the following: multifamily housing finance; multifamily and commercial real estate lending, servicing or asset  management; private equity real estate investments; loan sales and securitizations; commercial lending
  • Experience with financial institution regulatory and capital requirements is a plus
  • Experience with project management is a plus
  • Superior written and verbal communication skills
  • Excellent organizational skills
  • Sound business judgment

Ability to:

1) effectively manage multiple and competing priorities in a dynamic and fast-paced environment

2) adapt to changing circumstances and shifting client and corporate priorities

3) anticipate and manage potential impacts on the company’s standing with the public, regulatory authorities, and counterparties

4) work collaboratively and constructively with colleagues at all levels of the company

EMPLOYMENT               

As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check for positions in some areas of our business.

Fannie Mae is an Equal Opportunity Employer.

For immediate consideration please go to our website using the following link and apply:

https://fanniemae.taleo.net/careersection/10000/jobdetail.ftl?lang=en&job=33250