Senior Compliance Specialist For Fee Managed Properties

National Community Renaissance; Rancho Cucamonga (CA); On-site; USD 70,000 - 100,000; Full time

Job summary

National Community Renaissance is seeking a Senior Compliance Specialist to support affordable housing portfolios and ensure adherence to LIHTC, HUD, BOS and HOME requirements.

You will collaborate with owners, management, and funding agencies, review regulatory agreements, and prepare necessary reports for regulatory authorities.

Qualifications

• Reviews property specific Regulatory Agreements to identify funding sources and requirements.
• Performs internal audits and compliance reviews as needed.
• Maintains up-to-date knowledge of affordable housing programs and regulations.
• Interacts with owners, management, and funding agencies to ensure compliance.

Responsibilities

• Reviews property-specific Regulatory Agreements to identify funding sources and requirements.
• Acts as primary contact with the Compliance team for the properties supported.
• Updates internal systems for income limits, rents, and utility allowances.
• Provides secondary review for files with heightened compliance risk.
• Works with property management for external regulatory audits.
• Conducts property-specific compliance training for new staff.
• Assists with annual rent increases and subsidy charges on resident ledgers.
• Produces reports and documentation for owners and authorities.
• Identifies and resolves noncompliance matters.
• Collaborates with other departments and stakeholders.
• Paritcipates in professional development; some travel may be required.

Skills

Regulatory compliance

Strong mathematical proficiency

Communication skills

People skills

Independence / self-motivated

multitasking / prioritization

Attention to detail

Education

LIHTC certification

HUD certification

BOS certification

HOME certification

Tools

Yardi

Excel

Word

Outlook

Job description

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.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.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.EXPERIENCETwo 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 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