Compliance Specialist for Fee Managed Properties

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.

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.