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The Role
Reviews affordable housing regulatory agreements, resident files, rents, income limits, and compliance documentation. Coordinates audits, reporting, training, file reviews, ledger corrections, subsidy charges, and resolution of noncompliance issues. Serves as a primary compliance contact for property owners and internal stakeholders while supporting affordable housing portfolios, special projects, and regulatory requirements. Requires affordable housing program expertise, audit experience, certifications, strong mathematical and communication skills, and familiarity with Yardi and Microsoft Office.
Summary Generated by Built In
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.
- 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.
- Exempt
Skills Required
- Two to three years of experience as a Compliance Specialist or four years of affordable blended property management experience
- Two years of experience with resident ledger corrections, subsidy charges, and lease charges
- One to two years of experience managing or conducting internal audits and compliance reviews
- Extensive knowledge of affordable housing programs
- LIHTC, HUD, BOS, and HOME certifications, or ability to obtain them within 90 days
- Experience working with affordable housing funding agencies, ownership entities, and management companies
- Completion of one to two affordable housing industry lease-ups
- Strong mathematical proficiency
- Yardi experience
- Working knowledge of Windows and Microsoft Office, including Excel, Word, and Outlook
- Ability to work independently with minimal supervision
- Ability to manage multiple priorities
- Effective communication and people skills
- Ability to work some weekends and extended hours
- Ability to drive and operate computer and office equipment
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The Company
What We Do
National CORE is a US non-profit community builder committed to transforming communities through high-quality affordable housing, family/senior services, and long-term ownership.
