Regional Compliance Specialist

Job Description

Job Description

Description:

JOB SUMMARY:

The Regional Compliance Specialist is responsible for all aspects of Project Based Section 8, Low Income Housing Tax Credit, HOME and Bond compliance for Monroe Group’s growing portfolio. The position is responsible for the evaluation and monitoring of all properties within the portfolio to assure compliance with applicable affordable housing programs. Keeps current on all changes of affordable housing regulations and assists in the distribution and training of this information to Property Management staff on a national basis. The position reports to the Director of Compliance and will work out of the Denver Corporate office.

ESSENTIAL FUNCTIONS:

• Evaluate agency requirements and implement compliance procedures for development for all properties
• Keep current on all updates and changes in affordable housing programs and requirements. Monitor state agencies to stay updated on new policies, procedures and compliance related forms. Provide updates to Compliance Manager.
• Assure that Property Management staff receives clear and concise written notification and interpretations of program changes.
• Respond to compliance-related questions from Property Operations personnel.
• Ensure all properties employ the correct leasing forms and procedures (including tenant screening), comply with applicable leasing laws.
• Coordinate all file reviews and audits to ensure compliance with regulatory agreements for each property
• Ensuring that all tax credit project first year tenant files are 100% in compliance
• Ensuring that all tax credit tenant files are 100% compliant
• Ensuring that all tax-exempt bond project tenant files are 100% in compliance
• Ensuring that HUD project-based section 8 tenant files are 100% in compliance
• Ensuring that all HOME project files are 100% in compliance
• Coordinate documentation and attendance for Management Reviews with Community Manager, Regional PMs and State Compliance Agency prior to on-site reviews
• Remain in close contact with Regional PMs regarding compliance issues at specific properties - Review compliance issues with RPMs and establish deadlines for properties to come into compliance
• Report all non-compliant properties and work with Director of Compliance to develop action plans for non-compliant properties
• Act as primary contact with local HUD and State Compliance Agencies. Contact new HUD and State Agencies upon new properties entering the portfolio
• Monitor, review and approve all responses for MOR, LIHTC, HOME, Bond and all other agency audit responses as required in a complete and consistent manner. 
• Ensure timely response delivery by stipulated deadlines. 
• Complete annual/quarterly/monthly compliance reporting as required
• Assure that all first year files from each property have been copied and filed in a central location
• In partnership with the RPM and Director of Compliance, provide orientation and training to new property managers. 
• Assess and make recommendations to Director of Compliance regarding compliance procedures and training needs for Property Managers consistent with company policies and procedures/guidelines
• Perform other duties as assigned

Requirements:

REQUIREMENTS

• Strong knowledge of LIHTC regulations and Project Based Section 8/Tax Credit residential properties. Acquisition Rehabilitation Experience is a plus. Multi-state experience is a plus.
• 3-5 years of experience in property management (subsidy, tax credit, elderly, conventional, etc.)
• Must be able to travel to properties across U.S. Estimated travel up to two weeks per month the first year and as needed, thereafter.
• Must be able to travel to acquisition rehabs one week a month or more, depending of level of support needed, for properties who are initially LIHTC certifying existing tenants.
• Excellent verbal and written communication skills, organizational excellence and team-oriented
• Strong project management skills 
• Must be able to handle confidential information with discretion and integrity
• Must be able to meet assigned deadlines
• Onsite Property Management experience

EDUCATION and EXPERIENCE:

• Bachelor’s degree from an accredited college or university and or equivalent work experience.
• At least 3 years of Property Management experience in a Corporate compliance role
• Must have working knowledge of affordable housing programs

PREFERRED QUALIFICATIONS:

• At least 5 years of Affordable Property Management experience in a regional compliance role
• HCCP, COS, TCS, C3P or similar designations a plus
• OneSite- RealPage experience a plus

PHYSICAL DEMANDS

• Employee must be able to lift at least 5 lbs. and up to 20 lbs.
• Employee will frequently utilize their hands and fingers
• Employee will be frequently required to sit and occasionally stand or walk
• Employee will be required to bend, twist, stoop and or kneel
• Employee must be able to walk each property in its entirety

WORK ENVIRONMENT

• The employee will be exposed to an indoor office and outdoor environment. The noise level is typically varies. 

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