Compliance Manager- Stabilized - Washington, United States - Standard Property Company Inc

Description

THE POSITION

In the Compliance Manager position you will have oversight of the compliance activities of an assigned portfolio to ensure the properties are compliant with tax credit, HUD, and other housing program regulations.

In this role you will provide compliance technical support along with training and guidance to compliance and property management staff.

Currently, our portfolio is over 7,000 units which consists of mixed subsidy - HUD and tax credit properties in multiple states.

What You Can Expect To Do

• Oversight of compliance activities of remote property and management compliance teams
• Travel to properties is required, as needed (potentially 25%50%)
• Support our property management teams when they have questions regarding compliance programs or procedures and assist with tax credit reporting requirements/resolving compliance issues
• Prepare and monitor activities for State, Agency, Lender, Partner audits/inspections
• Contribute to the development and implementation of new procedures to improve overall effectiveness of the compliance department
• Track & process annual OCAF adjustment paperwork
• Complete 8703 Forms, Quarterly Bond Reports, and Annual Lender Reports for signature
• Ensure compliance documents are filed accordingly
• Facilitate account reconciliation between third party vendors and property management companies
• Provide regular updates on the activities and status of compliance throughout assigned portfolio; establish reporting requirements and track key data accordingly
• Facilitate the completion of Welfare Tax Exemptions
• Provide administrative support to the rest of the compliance team when needed
• Provide regular updates on the activities and status of compliance throughout assigned portfolio; establish reporting requirements and track key data accordingly
• Analyze HUD monthly vouchers to ensure full subsidy is being received and identify areas of noncompliance causing reduction in funds.
• Maintain third party relationships
• Maintain compliance policy and procedures manual and update as needed
• Stay current with all federal and applicable state regulations for the LIHTC, HUD, and HOME affordable housing programs as they relate to files
• Assist property management teams with tax credit reporting requirements

What You Should Have

• 5+ years of experience managing compliance for a diverse portfolio of properties
• Experience managing compliance for 1200+ units; and experience working in multiple states with diverse subsidy programs; both state and federal
• Working knowledge of program and regulatory requirements

- in particular, experience with Acquisition/Rehab, HUD-TC blended sites; pre and post 8609 processes

• TC (Low Income Housing Tax Credit) C3P and/or HCCP
• Bachelor's Degree preferred or proven history of relevant experience
• COS Designation (Certified Occupancy Specialist) or equivalent (BOS is a plus)
• Attention to detail and ability to "connect the dots" to see the larger picture
• Desire to take initiative and streamline processes for efficiency
• Ability to multitask and successfully meet multiple competing demands often under tight deadlines
• Adaptable to environment, awareness of target audience and situational nuances
• Communicate effectively, verbally and in writing, with all levels of staff, internal and external (including peers, management company staff, agency reps and auditors)
• Demonstrated ability to initiate and execute projects/initiatives in a focused and highly tactical manner
• Experience with multiple software systems

- compliance, project management

• Proficiency in Microsoft suite; Excel, Word, PowerPoint
• Strong work ethic, critical thinking skills, attention to detail, and sense of urgency
• Desire to work in a fastpaced, entrepreneurial environment
• Ability to take ownership and commitment to follow through
• Willingness to travel 2550% of the time

What You Should Be

• Highly accountable; you take ownership, followthrough, meet deadlines, and care about the quality of your work product
• Curious, ambitious, and thoughtful; a problem solver by nature
• A highly motivated person who values hard work
• An independent selfstarter; you don't wait around too long looking for directions from others
• A person who doesn't get flustered under pressure or deadlines
• A worldclass communicator
• Able to work collaboratively in a small team environment; willingness to "roll up your sleeves" and pitch in when and where necessary
• Ready to work in a fastpaced environment and be part of an amazing team doing valuable work

THE COMPANY
Standard Communities is a leading affordable and middle-income housing owner, investor, and developer.

As one of the 20 largest owners of affordable housing in the country, we believe housing is a pathway to human prosperity, and providing high-quality, sustainable homes will offer people a sense of community and the opportunity to build a better future.

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