Compliance Specialist for Fee Managed Properties

National Community Renaissance; Rancho Cucamonga (CA); On-site; USD 65,000 - 78,000; Full time

Job summary

National Community Renaissance seeks a Compliance Specialist to support affordable housing portfolios. You will review Regulatory Agreements, manage income qualifications, and coordinate with property management and external owners.

This role emphasizes compliance with LIHTC, HUD, BOS and HOME requirements and requires interaction with funding agencies and auditors. The position involves updating systems, preparing for audits, and producing regulatory documentation.

Qualifications

• 2-3 years as a Junior Compliance Specialist or 3 years of affordable property management experience
• 1-2 years’ experience in internal audits and affordable housing compliance reviews
• Has LIHTC, HUD, BOS & HOME certifications, or ability to obtain within 90 days
• Completed one lease-up in the affordable housing industry
• Extensive knowledge of affordable housing programs
• Experience working with affordable housing funding agencies, ownership entities, and management companies
• Strong mathematical proficiency
• Proficient with Yardi and MS Office

Responsibilities

• Review property-specific Regulatory Agreements to identify funding sources, regulatory requirements, and reporting needs
• Serve as primary point of contact with Compliance team for supported properties
• Update internal systems for income limits, rents, and utility allowances
• Review prospective resident files for income qualification and compliance
• Assist in preparing for external regulatory audits with stakeholders
• Produce required reports and documentation for owner/regulatory authorities
• Identify and resolve noncompliance matters proactively
• Collaborate with other departments and clients to address issues
• Participate in professional development activities, including travel as needed

Skills

Mathematical proficiency

Communication skills

Independent work

Multitasking

Weekend/extended hours availability

Education

LIHTC, HUD, BOS & HOME certifications

Auditing/Compliance experience

Bachelor-level or higher in relevant field

Tools

Yardi

MS Office (Excel, Word, Outlook)

Job description

The Compliance Specialist reports to the Compliance Manager and is a member of a Team of Compliance professionals responsible for supporting affordable housing portfolios on behalf of external property owners. This includes working with internal and external stakeholders to ensure compliance with property specific regulatory agreements, applicable laws, and internal policies.RESPONSIBILITIESReviews property specific Regulatory Agreements to identify all applicable funding sources and corresponding regulatory requirements, owner and investor reporting requirements, rent parameters, etc, and ensures internal systems are appropriately aligned.Acts as the primary point of contact with the Compliance team for the properties they support, including communications with external property owners.Updates internal systems to reflect ongoing changes to income limits, rents and utility allowances.Reviews prospective resident files for income qualification and continued compliance.Works with property management and other stakeholders in preparation for external regulatory audits.Produces reports, materials, and other documentation as legally required, including to owner and regulatory authorities.Proactively identifies, reports and resolves any noncompliance matters.Effectively collaborates with lateral department managers, team members, and clients.Addresses and resolves any issues or challenges that arise promptly and efficiently.Participates in professional development activities which, from time to time may include travel and overnight stays.EXPERIENCETwo to three years’ experience as a Junior Compliance Specialist or three years of affordable property management experience.One to two years’ experience in managing or conducting internal audits and affordable housing Compliance reviews.Has LIHTC, HUD, BOS & HOME certifications, or has the ability to obtain these certifications within the first 90 days of employment.Completed one lease-up in the affordable housing industry.Extensive knowledge of affordable housing programs.Experience working directly with affordable housing funding agencies, ownership entities, and management companies.Demonstrates strong mathematical proficiency.Yardi experience is preferred.Has a working knowledge of Windows and Office 2000 software: Excel, Word, and Outlook.Self-motivated and capable of working independently with minimal supervisionDemonstrates the ability to manage multiple priorities.Possesses effective communication and people skills.Able to work some weekends and extended hours.PHYSICAL REQUIREMENTS/WORK ENVIRONMENTExposure to several types of weather conditions.Standing, walking, sittingDrivingOperate computer and office equipment.FLSA CODEExempt