Compliance Specialist for Fee Managed Properties

National CORE; Rancho Cucamonga (CA); On-site; USD 67,000 - 81,000; Full time

Job summary

National CORE in Rancho Cucamonga seeks a Compliance Specialist to manage LIHTC/HUD programs, verifying income limits, rents, and utility allowances across Affordable housing properties.

You will serve as the primary liaison with the Compliance team and property owners, update systems, prepare regulatory reports, and assist during external audits. Travel may be required occasionally.

Qualifications

• Two to three years’ experience in junior compliance or three years in affordable property management.
• One to two years’ experience in internal audits and affordable housing compliance reviews.
• Certifications: LIHTC, HUD, BOS & HOME or ability to obtain within 90 days of hire.
• Experience with affordable housing funding agencies, ownership entities, and management companies.

Responsibilities

• Reviews regulatory agreements to identify funding sources and requirements and ensures systems are aligned.
• Acts as primary liaison with Compliance team and property owners.
• Updates internal systems for income limits, rents and utility allowances.
• Reviews resident files for income qualification and continued compliance.
• Coordinates for external regulatory audits and prepares required materials.
• Produces reports and documentation for owners and regulators.
• Identifies and resolves noncompliance matters.
• Collaborates with department managers, team members, and clients.
• Addresses issues promptly and may entail travel or overnight stays.

Skills

Mathematical proficiency

Strong communication skills

Attention to detail

Education

LIHTC, HUD, BOS & HOME certifications

Tools

Yardi

Excel

Outlook

Windows

Job description

Job Details: Job Location: Corporate Rancho Cucamonga - Rancho Cucamonga, CA 91730, Position Type: Full Time, Salary Range: $74,008.00 - $74,008.00 Salary, Job Shift: Day, Job Category: Property Management,

RESPONSIBILITIES

• Reviews 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.

EXPERIENCE

• Two 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 supervision
• Demonstrates the ability to manage multiple priorities.
• Possesses effective communication and people skills.
• Able to work some weekends and extended hours.

PHYSICAL REQUIREMENTS/WORK ENVIRONMENT

• Exposure to several types of weather conditions.
• Standing, walking, sitting
• Driving
• Operate computer and office equipment.

FLSA CODE

• Exempt