Senior Compliance Specialist For Fee Managed Properties

National CORE; Rancho Cucamonga (CA); On-site; USD 82,000 - 101,000; Full time

Job summary

National CORE in Rancho Cucamonga, CA is seeking a Senior Compliance Specialist to support affordable housing portfolios. You will review regulatory agreements, coordinate with owners and managers, and ensure compliance across funding sources and reports.

Responsibilities include audits, training new staff, updating income limits and rents, and generating compliance documentation for regulators and clients.

Qualifications

• Two to three years’ experience as a Compliance Specialist or four years of affordable blended property management experience.
• Two years’ experience with resident ledger corrections, subsidy charges, and lease charges.
• Two years’ experience with internal audits and compliance reviews.
• Extensive knowledge of affordable housing programs.
• LIHTC, HUD, BOS & HOME certifications, or ability to obtain within 90 days.
• Experience with affordable housing funding agencies, ownership entities, and management companies.
• Strong mathematical proficiency and ability to work independently.
• Experience with Yardi is preferred and familiarity with Windows/Office.

Responsibilities

• Reviews property specific Regulatory Agreements and ensures internal systems align with funding and reporting requirements.
• Acts as primary point of contact with Compliance team and external property owners.
• Updates income limits, rents and utility allowances in internal systems.
• Provides secondary review for files with heightened compliance risk.
• Reviews resident files for income qualification and ongoing compliance.
• Works with property management for audits and external regulatory reviews.
• Conducts property-specific compliance training for newly hired staff.
• Assists with annual rent increases and subsidy charges on resident ledgers.
• Produces reports and documentation for owners and regulatory authorities.
• Supports clients with special projects and 100% file audits.
• Proactively identifies and resolves noncompliance issues.
• Collaborates with other departments and clients, and works overtime as needed.

Skills

Mathematical proficiency

Communication skills

People skills

Multitasking

Weekend availability

Education

High School diploma

Tools

Yardi

Job description

Job Details: Job Location: Corporate Rancho Cucamonga - Rancho Cucamonga, CA 91730, Position Type: Full Time, Education Level: High School, Salary Range: $91,627.00 - $91,627.00 Salary, Job Shift: Day, Job Category: Property Management,

The Senior Compliance Specialist reports to the Compliance Manager and is a Senior 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.

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.
• Provides secondary review for files presenting heightened compliance risk.
• Reviews prospective resident files for income qualification and continued compliance.
• Works with property management and other stakeholders in preparation for external regulatory audits.
• Conducts property specific compliance training targeted at newly hired property management team members.
• Assists the Compliance manager with annual rent increases and implement any necessary corrections and subsidy charges on resident ledgers.
• Produces reports, materials, and other documentation as legally required including to owner and regulatory authorities.
• Supports clients/ owners with special projects including customized reports and 100% file audits.
• 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 Compliance Specialist or four years of affordable blended property management experience.
• Two years’ experience with resident ledger corrections, subsidy charges, and lease charges.
• One to two years’ experience managing or conducting internal audits and Compliance reviews.
• Extensive knowledge of affordable housing programs.
• Has LIHTC, HUD, BOS & HOME certifications, or has the ability to obtain these certifications within the first 90 days of employment.
• Experience working directly with affordable housing funding agencies, ownership entities, and management companies.
• Completed one to two lease-ups in the affordable housing industry.
• 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